Business

Tim Cook on European Union tax ruling: 'It is total political crap'

The US also criticized the decision, but more from the perspective that Apple should be paying these taxes to the US, rather than Ireland. A dramatic week in Irish politics, which dangled the possibility of a €13 billion windfall for the Irish economy, ended in an agreement this morning between Fine Gael and the Independent Alliance to appeal the European Commission's decision.

Business

Joe Biden Mentions Son's Death To Shut Down Heckler

Vice President Joe Biden had trouble defending the Clinton Foundation when confronted by a reporter Thursday about whether it is "100 percent ethical". "Will you listen?" Biden responded. Watch Vice President Joe Biden get on message with the Syrian heckler in the entire exchange right here. Biden, a powerful surrogate for Clinton in Rust Belt battleground states like OH and Pennsylvania, continued to lay out his argument against Trump's presidential candidacy that he first presented at ...

Business

Mondelez says it's ending talks to buy Hershey

Hershey HSY, +0.24% shares fell 11% to $98.93 in recent after-hours trading, while Mondelez MDLZ, +0.63% rose 3.6% to $44.60. The company's strengths can be seen in multiple areas, such as its notable return on equity, expanding profit margins, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth and increase in stock price during the past year.

Business

TSX falls with oil, but notches 0.1 pct gain in August

Financial stocks were among the most influential gainers on the Toronto Stock Exchange's S&P/TSX composite index as investors took signals from U.S. Federal Reserve policymakers including Chair Janet Yellen as evidence of economic resilience in Canada's main trading partner.

Business

Trade unions set for day's strike on Friday

Replying to a query on the strike, Jaitley said , "I think we have responsible trade unions....and will respond to this". The RSS-affiliated Bharatiya Mazdoor Sangh (BMS) has pulled out of the strike. These decisions were among those taken by the Government after Mr. Dattatreya had held detailed discussions with Central Trade Union leaders on their charter of demands, followed by a meeting of the Inter-Ministerial Committee headed by Mr.

Business

US auto sales expected to drop in August

Jeep brand sales perked up 12%. "With mixed economic signals, it certainly looks like the USA auto sales may have peaked in 2015". "We're no longer in a period where we have a lot of pent-up demand coming out of the economic crisis", said Bryan Bezold, Ford's senior USA economist.