Business News
Trump could target 'carried interest' tax loophole: official4/30/2017 10:58:35 PMWASHINGTON - The Trump administration's push to overhaul tax laws might soon target a loophole used by some financial managers to lower their tax rates, White House Chief of Staff Reince Priebus said on Sunday.UPS air maintenance workers threaten strike ahead of shareholders meeting4/30/2017 11:17:11 PM - A union representing 1,200 U.S. air maintenance workers at United Parcel Service Inc  turned up pressure on the company on Sunday to settle a three-year contract dispute, saying it would seek clearance to strike.Siemens, SAP sign cooperation deals with Saudi Arabia: officials4/30/2017 7:45:42 PMJEDDAH - Saudi Arabia wants German companies Siemens and SAP to play an important role in furthering the kingdom's "digital transformation", company officials said on Sunday during German Chancellor Angela Merkel's visit to the country.Off target in 2016, global elite regroup at Milken conference4/30/2017 9:38:40 PMBEVERLY HILLS, Calif. - Titans of U.S. industry and Wall Street gather in Beverly Hills this week to discuss how to navigate - and profit from - hot topics such as U.S. tax reform, the upcoming French election and Chinese economic growth.Sudden collapse of Alitalia would be a shock to Italy's economy-minister4/30/2017 7:31:22 PMROME - A sudden collapse of loss-making national airline Alitalia [CAITLA.UL] would be a great shock for Italy's economy, Industry Minister Carlo Calenda said on Sunday.China April manufacturing growth slows faster than expected4/30/2017 7:51:23 AMBEIJING - Growth in China's manufacturing sector slowed faster than expected in April, an official survey showed on Sunday, as producer price inflation cooled and policymakers' efforts to reduce financial risks in the economy weighed on demand.South Korea already working on reducing trade surplus with U.S.: finance minister4/30/2017 4:13:22 AMSEOUL - South Korea's finance minister said on Sunday the government was already working on downsizing its trade surplus with the United States, a reference to U.S. President Donald Trump's comments Thursday that Washington will renegotiate or scrap the free trade pact the two countries have.Google gets Australian tax office demand to pay more, says to fight it4/29/2017 11:18:47 AMSYDNEY - Alphabet Inc's Google said it will challenge amended tax assessments issued by the Australian Taxation Office (ATO), which is trying to claw back billions of dollars from multinational corporations citing unpaid taxes.Zalando ponders opening stores in major cities: Manager Magazin4/29/2017 1:24:11 PMBERLIN - Online fashion retailer Zalando is pondering opening stores in major cities such as London, Paris or Berlin, the company's co-chief executive told Germany's Manager Magazin.In first 100 days, a reversal of fortune for Trump favorites on Wall Street4/28/2017 11:32:57 PMSAN FRANCISCO - A funny thing happened on Wall Street in Donald Trump's first 100 days in the White House: Shares of companies that got closest to the president lagged the market's march higher.