Markets


Solar plane set to take off from Dayton Wednesday
- May 26, 2016

Solar Impulse 2 has once again taken flight, this time out of Dayton, Ohio , in the early hours of Wednesday morning. With what is expected to be near-perfect weather tonight, the record-breaking plane is scheduled to glide into LVIA at 9 p.m., accompanied by a traveling ground crew of 75 people here, and another 75 people remotely directing its every movement from Monaco, on the French Riviera. (more...)
Farmers milked by price cuts, want help Farmers milked by price cuts, want help
- May 26, 2016

On the outlook for 2016, Dr Hennessy said milk prices would probably be down again by 15-20 per cent again this year and that farmers were unlikely see any significant upturn in dairy before the end of 2016. "We believe strongly that the minimum retail price for a litre of milk should be at least $1.25 a litre - a level at which a producer can just survive". (more...)
Remains said to hint at jet crash's cause
- May 26, 2016

The Egyptian newspaper Al-Ahram, which published a scan of the technical log on its website, said the plane transmitted 11 "electronic messages" starting at 5:09 p.m. No terror group has claimed responsibility for the crash and a check of the passenger list reveals no hits on the terror watch list so the cause of the crash remains unknown, Adel told CNN . (more...)
Google May Have Just Changed the World Of Apps Google May Have Just Changed the World Of Apps
- May 26, 2016

Exploratorium notes in a blogpost that while it wants people to visit its museum and explore science there, it is competing for attention with smartphones. The app is aimed at letting users conduct experiments, by gathering light, sound, and other data from the smartphone. It also stated that has it already forged a partnership with the San Francisco-based public learning laboratory, Exploratorium to device more sensors and other aids while being ingenious to make the most of the ... (more...)
Energy jobs falling, but renewables see workforce grow to 8M Energy jobs falling, but renewables see workforce grow to 8M
- May 26, 2016

It said its report, entitled the RSPB's 2050 Energy Vision , shows for the first time how renewable technologies could meet the majority of the UK's energy needs while avoiding harm to important species and habitats. Germany remains the highest European Union renewables employer- employing almost as many as France, the United Kingdom, and Italy combined. Wind PowerUp Services platform has the capacity to increase a wind farm's annual energy production by about 10%. (more...)
Apple's Shares Rise on News of Buffett Stake Apple's Shares Rise on News of Buffett Stake
- May 26, 2016

George Morgan, who teaches finance at the University of Nebraska at Omaha , said the size of the Apple investment makes it unlikely to be Buffett's who focuses on finding acquisitions to spend $20 billion or $30 billion on. Buffett was also reported to be considering joining a bid to acquire Yahoo. The disclosure follows the revelation over this past weekend that Buffet is backing Quicken Loans founder Dan Gilbert in a bid for Yahoo . (more...)
Alphabet Inc: French Police Raids Parisian Offices amid Tax Probe Alphabet Inc: French Police Raids Parisian Offices amid Tax Probe
- May 25, 2016

Authorities believe the tech company owes $1.7 billion in back taxes. It comes as the firm faces mounting pressure over its tax affairs amid a backlash against corporate tax avoidance by multi-national companies. Its European operations are headquartered in Ireland, which has some of the lowest corporate tax rates in Europe. Earlier this year, French officials said the government was seeking almost $1.76 billion in back taxes from Google , and complained about the firm's aggressive tax ... (more...)
Police raid Google headquarters in Paris over 'failure to pay taxes'
- May 25, 2016

France, Britain and other countries have long complained at the way Google , Yahoo! and other digital giants generate huge profits in their countries but have their tax base in countries such as Ireland, where corporate tax rates are far lower. (more...)
Thunder push Warriors to the brink of elimination
- May 25, 2016

The Warriors have found themselves in unfamiliar territory after a 118-94 loss to Oklahoma City in the Western Conference Finals . Obviously we play well at home. While the Warriors were able to ignore him in the first two games of the series, Billy Donovan started using him as the primary screener in order to put pressure on the player roaming free under the basket. (more...)
French tax police raid Google's Paris office
- May 25, 2016

We comply with French law and are co-operating fully with the authorities to answer their questions . The PNF said the probe, launched in June 2015, aimed to "check" whether Google Ireland Limited, "by not declaring part of its activity carried out on French territory. (more...)
Google Offices In Paris Raided By French Prosecutors Over Tax Affairs
- May 25, 2016

French authorities believe that Google owes some €1.6 billion (NZ$2.6 billion) in corporation tax and VAT. Google issued a statement saying it complies with French law and is cooperating fully with authorities to answer their questions. (more...)
McAuliffe: Investigation Has 'Nothing to Do' With the Clinton Foundation
- May 25, 2016

Marc Elias, a lawyer for McAuliffe's campaign, said Monday that the governor, a Democrat, is unaware of any investigation . The FBI and Department of Justice investigation of Virginia Gov. West Legend Co., the New Jersey affiliate of Rilin Enterprises, a Chinese firm led by Wang, gave $120,000 to McAuliffe's 2013 campaign and inauguration. (more...)
French raid Google in latest probe into tech's tax tactics
- May 25, 2016

The tech firm is now under investigation for organized money laundering and aggravated financial fraud. It has been reported that the French government is expecting up to €1.6 billion ($1.8 billion) in back taxes from Google , whose main European base is in Dublin, Ireland. (more...)
Investigators raid Google Paris HQ in tax evasion inquiry
- May 25, 2016

Google pays taxes in Ireland, where it is charged at a lower rate than in France. The raid may be connected to an announcement in February that Google owed French authorities more than $1.7 billion in back taxes. At the start of the year Google reached a sweetheart deal with the United Kingdom government to pay only $180 million in back taxes. The UK government was criticised past year for agreeing a £130m deal with Google over unpaid taxes, a fraction of what was owed and of the ... (more...)
Watch Cleveland Cavaliers Vs. Toronto Raptors Live Online
- May 25, 2016

Bismack Biyombo broke Valanciunas' month-old record by hauling in 20 rebounds in Game 3 against the Cleveland Cavaliers on Saturday. The Cavs won their first 10 playoff games and were trying to match the Los Angeles Lakers' record of 11 straight victories to begin a postseason. (more...)
Sanders campaign requests Kentucky vote recanvass
- May 25, 2016

In Perry County, Bernie Sanders won easily with almost 60 percent of the vote in comparison to Hillary Clinton's 30 percent. We have received a request from @BernieSanders for recanvass of the vote totals in May 17 Dem presidential primary. (more...)
Obama will not apologise for Hiroshima attack
- May 25, 2016

Last week, the White House stressed there would be no apology, which Abe said was not necessary. On August 6, 1945 , the United States dropped the first atomic bomb on Hiroshima, Japan, hastening the end of World War II and ushering in the nuclear age. (more...)
US Single-Family Home Sales
- May 25, 2016

New home sales are extremely volatile month-to-month and preliminary figures are subject to large revisions because they are mostly drawn from building permits data. April's new homes report indicates there's plenty of demand out there for newly built houses, which means home construction projects could soon tick up - in the process creating new jobs for builders. (more...)
Best Buy reins in guidance even as it bests Q1 expectations Best Buy reins in guidance even as it bests Q1 expectations
- May 24, 2016

For the current quarter, Best Buy is targeting EPS of 40 cents on sales of $8.4 billion. Best Buy sees second-quarter revenue between $8.35 billion and $8.45 billion, above the $8.31 billion FactSet consensus, and second-quarter adjusted EPS between 38 cents and 42 cents, below the 50 cents per share FactSet consensus. (more...)
Kohl's Chewbacca viral hits 140M views and counting Kohl's Chewbacca viral hits 140M views and counting
- May 24, 2016

She was even congratulated by a Reddit account belonging to Peter Mayhew , the actor who portrayed Chewbacca in the original Star Wars trilogy. The video has been viewed over 132 million times, and shows the mother-of-two trying on her new toy as she sits in her vehicle in a parking lot. (more...)

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