Big U.S. firms hold $2.1 trillion overseas to avoid taxes

October 7, 2015 1:07 AM0 comments
Big U.S. firms hold $2.1 trillion overseas to avoid taxes

The 500 largest American companies hold more than $2.1 trillion in accumulated profits offshore to avoid U.S. taxes and would collectively owe an estimated $620 billion in U.S. taxes if they repatriated the funds, according to a study released on Tuesday. The study, by two left-leaning non-profit groups, found that […]

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TELUS TSE:T Announces world’s fastest Internet in the world is coming to Vancouver

October 2, 2015 9:53 PM0 comments
TELUS TSE:T Announces world’s fastest Internet in the world is coming to Vancouver

Today TELUS announced a $1 billion fibre optic infrastructure upgrade that will supply B.C. with the world’s fastest wireless technology, “connecting Vancouver’s citizens to the fastest and most reliable internet services available anywhere.” “Our’s is an investment that will be felt for generations to come with speeds of 150mb per […]

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Dow, S&P close up more than 1%, post biggest reversal in 4 years

9:21 PM0 comments
Dow, S&P close up more than 1%, post biggest reversal in 4 years

U.S. stocks closed more than 1 percent higher Friday, recovering from an initial decline of more than 1.5 percent, as investors digested higher oil prices and a weaker-than-expected jobs report. “The poor employment report put a footing to the market because it provided a way for the market to understand […]

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Sprint Corp NYSE: S to cut up to $2.5 billion in costs, layoff workers in next six months

8:10 PM0 comments
Sprint Corp NYSE: S to cut up to $2.5 billion in costs, layoff workers in next six months

NEW YORK Sprint Corp NYSE: S recently tumbled behind T-Mobile NYSE: TMUS into fourth place among U.S. wireless carriers. And now Sprint CEO Marcelo Claure has the company on the verge of drastic cost cuts. Sprint told USA TODAY that it plans to significantly reduce spending, but it didn’t specify […]

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Investors Flock to Safe-Haven Bonds in Market Selloff

September 22, 2015 10:04 PM0 comments
Investors Flock to Safe-Haven Bonds in Market Selloff

New York NY – U.S. equity markets pared a steep selloff on Tuesday after investors fled the equity market and sought safety in government bonds. The Dow Jones Industrial Average declined 179 points, or 1.09% to 16330. The S&P 500 sagged 24 points, or 1.23% to 1942, while the Nasdaq […]

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The Fed Just Brought Us Closer to a True Market Crash

11:39 AM0 comments
The Fed Just Brought Us Closer to a True Market Crash

Do not underestimate the cowardice or incompetence of the U.S. Federal Reserve. Last Thursday, after running out of domestic reasons to avoid raising interest rates by a paltry 25 basis points for the first time in nine years, the Fed decided to blame China for its policy paralysis. By doing […]

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Apple NASDAQ:APPL iOS App Store Suffers First Major Malware Attack

September 21, 2015 12:57 PM0 comments
Apple NASDAQ:APPL iOS App Store Suffers First Major Malware Attack

Apple Inc. said on Sunday it is cleaning up its iOS App Store to remove malicious iPhone and iPad programs identified in the first large-scale attack on the popular mobile software outlet. The company disclosed the effort after several cyber security firms reported finding a malicious program dubbed XcodeGhost that […]

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How to get your Apple NASDAQ:APPL iPhone or iPad ready for iOS 9 iPhone, iPad and iPod Touch users

September 15, 2015 5:13 PM0 comments
How to get your Apple NASDAQ:APPL iPhone or iPad ready for iOS 9 iPhone, iPad and iPod Touch users

How to get your iPhone or iPad ready for iOS 9 Apple’s latest mobile operating system, iOS 9, will officially be available for download Wednesday for iPhone, iPad and iPod Touch users. And although the update won’t look very different from iOS 8, Apple has added quite a few changes […]

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Lehman Day: Making Fun of the Second Great Depression Crowd

12:25 PM0 comments
Lehman Day: Making Fun of the Second Great Depression Crowd

This week marks the 7th anniversary of the collapse of Lehman Brothers, the huge investment bank. This collapse set off the worldwide financial panic that brought Wall Street to its knees. The anniversary of this collapse, September 15th, is the day set aside to ridicule the people who warned of […]

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BIS fears emerging market maelstrom as Fed tightens Global debt levels are dangerously high and central banks cannot keep the game going indefinitely

September 14, 2015 2:24 AM0 comments
BIS fears emerging market maelstrom as Fed tightens Global debt levels are dangerously high and central banks cannot keep the game going indefinitely

The Bank for International Settlements said the wild market ructions of recent weeks and capital outflows from China are warning signs that the massive build-up in credit is coming back to haunt Debt ratios have reached extreme levels across all major regions of the global economy, leaving the financial system […]

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