TOKYO, Nov 28- The Japanese government is likely to cut the effective corporate tax rate to below 30 percent in fiscal 2016 from April, a year earlier than planned, people in the government and coalition parties told Reuters Saturday. Relevant ministries and agencies are now in talks to slash the rate to a level between 29.5 percent and 30 percent in April, aiming to...» Read More
BRUSSELS-- European Union leaders agreed early Friday to create a single supervisor for banks in countries that use the euro _ without saying when it would become fully operational.
BRUSSELS-- European Union leaders announced early Friday they had agreed to create a single supervisor for banks in countries that use the euro _ without saying when it would become fully operational.
In its third-quarter earnings report, Capital One Financial said that its auto loans business posted sharp annual growth. The division ended the July-to-September period with $26.4 billion in loans, up from $20.4 billion in the same quarter last year.
NEW YORK-- Two years after granting CEO Leslie Moonves a bundle of stock options as a bonus for signing a long-term contract, CBS Corp. is giving him another signing bonus worth $22 million after extending his contract through the middle of 2017..
SEATTLE-- More than 100 reporters, photographers, designers and other staffers signed a letter protesting The Seattle Times Co.' s decision to support the campaigns of Republican gubernatorial candidate Rob McKenna and a gay marriage referendum.
SANTA CLARA, Calif.-- Shares of Marvell Technology Group Ltd. plunged in after-hours trading Thursday after the computer chip manufacturer lowered its fiscal third-quarter outlook and said its finance chief has resigned. Marvell said that it expects net revenue for the fiscal third quarter to range between $765 million and $785 million.
SUNNYVALE, Calif.-- Molecular diagnostics company Cepheid said Thursday it took a loss in the third quarter on costs related to a patent lawsuit. Cepheid took a charge of $15.1 million, or 23 cents per share, related to that settlement. Excluding the settlement costs and other items, Cepheid said it earned a penny per share.
CLEVELAND-- Sherwin-Williams Co. said Thursday a quarterly dividend of 39 cents per share, payable on Nov. 30 to shareholders of record as of Nov. 16. In addition Sherwin-Williams's board voted to submit a proposal to shareholders to adopt a majority voting standard for electing board members in uncontested elections.
MINNEAPOLIS-- Officials have told school lunch programs across the country to check to see whether they have any Smucker's Uncrustables sandwiches that might contain peanut butter made by a New Mexico company that is being recalled because of potential salmonella contamination.
NEW YORK-- Quazi Mohammad Rezwanul Ahsan Nafis was a terrible student in his native Bangladesh, and his middle-class parents say he persuaded them to send him off to study in the U.S. as a way of improving his job prospects.
PUTTING ITS FOOT DOWN: Nike Inc. has stood by athletes through a number of scandals over the years, but this week it became the first company to sever ties with Armstrong in the wake of allegations that he used illegal drugs to boost his performance.
NEWPORT BEACH, Calif.-- Acacia Research Corp., which buys and licenses patents, said Thursday that it posted a third-quarter loss on higher expenses and hefty charges, including non-cash stock compensation. The loss totaled $6.4 million, or 13 cents per share, in the July-through-September quarter.
FRESNO, Calif.-- The United Farm Workers of America sued California's work safety division Thursday, saying state regulators aren't enforcing heat regulations, leading to continued illnesses and deaths in the fields.
KANSAS CITY, Mo.-- TransCanada Corp. has temporarily shut down its existing 2,100- mile Keystone pipeline after tests showed possible safety issues, a federal agency said Thursday.
NEW YORK-- Online brokerage E-Trade Financial Corp. said Thursday that it swung to a loss in the third quarter, as investors made far fewer trades than a year ago. The company reported a net loss of $29 million, or 10 cents per share, in the July-September quarter. That compares with profit of $71 million, or 24 cents per share, in the third quarter of 2011..
ATYPICAL RECORD: The Appleseed Fund is a stock mutual fund that has been one of the best performers over the latest 5- year period, yet among the worst over three years. It's a result of the fund's defensive investing approach, which can help or hinder performance depending on the market's direction.
LOUISVILLE, Ky.-- General Motors plans to idle Corvette production in Kentucky for six months to prepare for the next generation of the iconic sports car. The automaker laid out its schedule Thursday for revamping its assembly plant in Bowling Green for the all-new 2014 model.
THE NUMBERS: Grocery store operator Supervalu lost $111 million, or 52 cents per share, in the quarter ended Sept. 8, while revenue dropped 5 percent to $8.04 billion. THE COMPANY: Supervalu's chains include Albertsons, Cub Foods, Jewel-Osco and Save-A-Lot.
NEW ORLEANS-- A sheen on the Gulf of Mexico likely came from oil seeping out of a piece of discarded equipment that failed to contain BP PLC's massive 2010 oil spill, the company and the Coast Guard said Thursday. The Coast Guard said oil samples collected on Wednesday will be analyzed to determine if the container is the source of the sheen.
WASHINGTON-- Those annoying prerecorded phone pitches known as robocalls aren't just getting on the nerves of millions of consumers: The government is fed up too, and it's turning to the public for help, offering a cash reward for the best way to stop the unwanted sales calls.