Belgium's Tax Break to Multinational Companies Is Ruled Illegal
PhotoMargrethe Vestager, European Union commissioner for competition, at a news conference in Brussels on Monday.CreditVirginia Mayo/Associated PressBRUSSELS — TheEuropean Commissionruled on Monday thata corporate tax break that Belgiumhas granted to at least 35 companies, amounting to total reductions equivalent to about $765 million, was illegal.The commission — the administrative arm of theEuropean Union— did not immediately identify the companies that benefited from the tax break. The commis..>> view originalAlcoa Gets $1.5 Billion Supply Contract From GE
Alcoa Inc. has struck a $1.5 billion long-term supply contract with General Electric Inc.’s aviation unit, underscoring the aluminum producer’s efforts to offset difficult conditions in its raw-aluminum business.Under the deal, New York-based Alcoa will supply advanced nickel-based superalloy, titanium and aluminum components for engines and...>> view originalNas: Silicon Valley should make products for people of color
Nas is the brand ambassador for Bevel's new electric trimmer made by Palo Alto's Walker & Company.(Photo: Elton Anderson for Bevel)SAN FRANCISCO — Nasir "Nas" Jones, brand ambassador for Bevel's new electric trimmer, says Silicon Valley needs to make more products for people of color — and it needs more diversity.Bevel, the flagship brand from Silicon Valley entrepreneur Tristan Walker, is breaking new ground for people of color but, says Nas, more needs to be done."There have been so many p..>> view originalSanofi (SNY), Warp Drive Bio Extend Oncology Therapies, Antibiotics ...
Get an inside look at Wall Street with StreetInsider Premium. Get your 2-week free trial here. Sanofi (NYSE: SNY) and Warp Drive Bio, a privately held biotechnology company using the molecules and mechanisms of nature to discover and develop ...>> view originalChina's yuan spikes higher, but stocks tumble
SHANGHAIChina guided its yuan currency higher on Monday, and offshore it surged against the dollar, spurred by what traders called aggressive intervention by Beijing, although Chinese stocks tumbled again as doubts persisted over policymakers' intent.Perceived mis-steps by China's authorities have stoked concerns in global markets that Beijing might lose its grip on economic policy, even as the country looks set to post its slowest growth in 25 years.A 1.5 percent depreciation in the yuan since ..>> view originalUPDATE 1-ChemChina-led group buys German chemical firm for $1 bln
HONG KONGA group of Chinese investors including China National Chemical Corp (ChemChina) [CNNCC.UL] agreed on Monday to buy KraussMaffei Group GmbH [KMGER.UL] for 925 million euros ($1.01 billion), in the biggest-ever Chinese investment into Germany.The group, which also included Guoxin International Investment Corp and private equity firm AGIC Capital, agreed to buy the plastics processing machinery maker from Canada's Onex Corp (OCX.TO), AGIC and Onex said in separate statements, confirming a ..>> view originalTRAFFIC: T's Red Line remains closed; rail and bus shuttles operating - Pittsburgh Post
The Port Authority said the T’sRed Lineremains down this morning due to wind damage Sunday night in Beechview that knocked out power to the light-rail vehicles. A rail shuttle is operating between the Potomac and Overbrook stations, and a bus shuttle between Potomac and Station Square stations. Strong winds Sunday night blew trees onto the tracks and knocked down the overhead line that powers the light-rail train, Port Authority officials said. ..>> view originalRPT-EU starts on tricky path towards relaxing China trade defence
(Repeats story from Jan. 10 with no changes to text)* China's status at WTO up for change, could limit EU defences* EU executive likely to favour China and avoid retaliation* EU governments divided, Germany's role to be crucialByPhilip BlenkinsopandRobin EmmottBRUSSELS, Jan 11 The European Union will take the first step on Wednesday towards refashioning its trade ties with Beijing, torn over how to lower its defences to avert Chinese retaliation while protecting key industries against a damaging..>> view originalGas Prices Dropping In Wiregrass & Nation
Click Here to access the online Public Inspection File Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), orfccinfo@fcc.gov. Public File Liaison: Olivia Wareolivia@wtvy.com Statio..>> view original
Monday, January 11, 2016
Belgium's Tax Break to Multinational Companies Is Ruled Illegal and other top stories.
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