Business News

  • EU May Take New Tack in Taxing Tech Giants
    The EU pledged to propose new rules to tax internet giants such Google and Facebook, embracing France’s push for extra measures to squeeze more money out of large multinationals operating in Europe.
  • CEO of Brazil's JBS Is Arrested in New Twist of Scandal at Meatpacker
    Brazilian authorities arrested Wesley Batista, acting head of JBS, the world’s largest meatpacker, for allegedly using insider trading to profit from a massive plea deal signed earlier this year amid a corruption probe.
  • Facebook Pitches Brand Safety Ahead of Video Ad Push
    As Facebook ramps up its new ‘in-stream’ video advertising, the social media company is attempting to avoid the brand safety headaches that have plagued rivals such as YouTube in recent months.
  • Hackers' Latest Weapon: Cyber Extortion
    Hacks involving HBO and Netflix in recent months have shed light on the growing threat of cyber extortion. Instead of simply stealing passwords or credit-card data, hackers try to unearth corporate secrets that they then threaten to make public if victims don’t pay.
  • Global Corporate Tax Cuts Widen Gap With U.S.
    Governments around the world have continued to cut their tax rates on company profits, lowering them further below that of the U.S. as the Organization for Economic Cooperation and Development warned the competition to aid businesses may be going too far.
  • Cruz Wades Into Tax Debate With Focus on Expensing
    Sen. Ted Cruz (R., Texas) will lay down a marker in the tax debate on Wednesday, endorsing full and immediate deductions for capital investment by businesses.
  • Target to Hire 100,000 Holiday Workers
    Target said it would increase by 40% the number of temporary workers it hires for the key holiday selling season, kicking off the annual scramble among retailers and delivery firms to staff stores and distribution centers.
  • Bain Signs Letter of Intent to Buy Toshiba's Chip Business
    Bain Capital signed a memorandum of understanding with Toshiba saying it intends to reach a deal to buy the Japanese conglomerate’s memory-chip business by the end of September, Toshiba said.
  • U.S. Producer Prices Rose 0.2% in August
    U.S. businesses sold goods and services at slightly higher prices in August, though inflation pressures remained weak overall.

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