Posts Tagged Business

Obama: Offshore ‘tax inversions’ are unpatriotic

President Barack Obama pauses as he speaks about the economy at the Los Angeles Trade-Technical College in Los Angeles, Thursday, July 24, 2014, on the final day of his three-day West Coast trip. Striking a populist stand ahead of the midterm elections, Obama is demanding "economic patriotism" from American corporations that seek overseas mergers to avoid U.S. taxes. Obama and congressional Democrats are pushing to severely limit such deals, a move resisted by Republicans who argue the entire corporate tax code needs an overhaul.  (AP Photo)

WASHINGTON (AP) — President Barack Obama says a loophole that lets companies dodge U.S. taxes by moving their headquarters overseas is unpatriotic.

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In Chinese shadow, Hong Kong fights for its future

In this  July 17, 2014 photo, a star ferry sails across Chinese People's Liberation Army Forces Hong Kong Building, center in the background, at the Hong Kong's Victoria Harbor. As skyscrapers around Hong Kong harbor erupted into a reverie of laser beams and giant digital displays, one innocuous 28-story building near the water’s edge had stayed dark for months, clad in bamboo scaffolding for a face-lift. Then, in June, the renovated tower came to life, flashing giant Chinese characters that some in Hong Kong saw as a warning.“People’s Liberation Army,” it said. (AP Photo/Kin Cheung)

HONG KONG (AP) — As skyscrapers around Hong Kong harbor erupted into a reverie of laser beams and giant digital displays during their synchronized nightly light show, one innocuous 28-story building near the water’s edge had stayed dark for months, clad in bamboo scaffolding for a face-lift.

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EU hits Russian intelligence chiefs with sanctions

In this Wednesday, July 3, 2013, file photo, Russian  Federal Security Service Chief Alexander Bortnikov attends a meeting in the Kremlin in Moscow. A European Union document released Friday, July 25, 2014, shows that among those targeted by a EU-wide asset freeze and travel ban are Alexander Bortnikov, head of the Russian Federal Security. The new sanctions were announced in a Friday entry to the EU's Official Journal. In all, 15 people were sanctioned, and 18 organizations or businesses, including rebel groups taking part in the pro-Russia revolt in eastern Ukraine.  (AP Photo/RIA-Novosti, Mikhail Klimentyev, Presidential Press Service, File)

BRUSSELS (AP) — The European Union on Friday extended its Ukraine-related sanctions to target top Russian intelligence officials and leaders of the pro-Russia revolt in eastern Ukraine, official documents showed.

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Irsay arrives at Colts training camp

ANDERSON, Ind. (AP) — Jim Irsay was back on the Colts practice field Friday, his 43rd year at a training camp.

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Tyson Foods closing 3 plants in Iowa, NY, NM

SPRINGDALE, Ark. (AP) — Tyson Foods Inc. says it’s closing three U.S. plants, employing a total 950 workers, which have struggled financially as the company’s product needs have changed.

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