Business

Large US Firms Hold $2.1 Trillion Overseas to Dodge Taxes

By shuffling that money out of the reach of taxation, Apple avoids owing the federal government more than $59 billion. Fifty-seven of the companies disclosed they would expect to pay a combined $184.4-billion in additional US taxes if their profits were not held offshore.

Business

Dam breach leads to mandatory evacuation in South Carolina

At least four dams have burst in Richland County, which includes Columbia, The State reports. Emergency response assets are now being targeted where they are needed most, including efforts by the National Guard to plug a major breach of the Columbia Canal.

Business

Delta Air Lines to cut undisclosed number of support jobs

Stocks with a low rating means they are a Buy or Strong Buy based on analyst consensus opinion. Cowen and Company reiterated an outperform rating on shares of Delta Air Lines in a research report on Friday, June 12th. They now have a "buy" rating on the stock. Delta reported higher profits but lower revenue so far this year. It has market cap of $37.35 billion, while its total outstanding shares are 795.40 million.

Business

KFC owner's shares drop 17%

Earnings, adjusted for non-recurring costs, were $1 per share. They set a "buy" rating and a $106.00 target price on the stock. Brands stock was being punished today. The company has been trying to recover from a food-safety investigation in China. On average, analysts expect that Yum! The restaurant, Yum spokesman Jonathan Blum has said, will serve as a "one-off incubator" for new products for Pizza Hut.

Business

The world will end tomorrow (Wednesday)

Chris McCann, who leads the Philadelphia-based group told, "According to what the Bible is presenting it does appear that 7 October will be the day that God has spoken of: in which, the world will pass away". Scientists have several theories about when Earth will be destroyed, although none of the data points to this Wednesday.   In fact, this new prediction is a revision of a prediction from 2011 by deceased preacher and notoriously inaccurate guesstimator Harold Camping .

Business

Apollo and Capita compete to take over Xchanging

On September 24, Capita made a final proposal in relation to a possible cash offer of 160 pence per Xchanging share, which represents a premium of 58 percent to the closing price per Xchanging share on that day. Capita, which runs services including the Ministry of Defence pension scheme, said separately that Xchanging's board had confirmed it would be willing to recommend Capita's final offer.