01 February 2007 14:31 [Source: ICIS news]
Wal-Mart cuts taxes by paying rent to itself
Wal-Mart has saved itself hundreds of millions of dollars in taxes through a complex structure that allows it to pay rent to itself and then deduct that amount from state taxes.
Dell's founder returns as CEO as Rollins quits
Dell said chief executive Kevin Rollins resigned and that Michael Dell would take over as head of the personal computer company he founded. Dell also said it expects to miss earnings and revenue estimates for this quarter.
Bush farm proposal may snag on Congressional roadblocks
The Bush administration proposed to make
EU targets oil firms in a fresh attempt to reduce emissions
The European Commission opened a second front in its fight against climate change with a call for binding rules that will force oil refiners to cut carbon-dioxide emissions from vehicle fuel 10% by 2020. The commission is facing resistance from
Money and Investing
Can ethanol get a ticket to ride?
The rising popularity of ethanol is creating a host of problems for producers and railroad lines, as they strain to rush the biofuel to market.
Dow nears record as Fed leaves rates on hold
The Dow Jones Industrial Average came within a hair's breadth of a record, boosted by soothing words from the Federal Reserve and a report showing surprisingly strong economic growth. After a two-day meeting, the Fed's policy committee issued a statement hailing steady economic expansion but cautioning about lingering inflation, sounding exactly the note that Wall Street wanted to hear. As widely expected, it left its interest-rate target unchanged at 5.25%
Exxon, Sinopec win approval for plant in
German court challenges CIA over abduction
A German court on Wednesday issued an arrest warrant for 13 people in the mistaken kidnapping and jailing of a German citizen of Lebanese descent, in the most serious legal challenge yet to the Central Intelligence Agency’s secret transfers of terrorism suspects.
Biden unwraps his bid for ’08 with an oops!
Senator Joseph Biden of
Judge throws out a conviction in Enron case
A federal judge in
Fed, leaving rate at 5.25%, is optimistic on inflation
The Federal Reserve left interest rates unchanged on Wednesday, as it has since June, but it was more optimistic than in the past that inflationary pressures were ebbing.
Senators unite on challenge to Bush's troop plan
Democratic and Republican opponents of President George W. Bush's troop-buildup plan joined forces last night behind the nonbinding resolution with the broadest bipartisan backing: a Republican measure from Senator John Warner of
Economy gained strength in 2006
Delta creditors reject merger
US Airways lost its aggressive takeover bid for Delta Air Lines yesterday (Wednesday) when Delta's creditors rejected the $10.0bn (€7.7bn) offer that would have created the nation's largest carrier.
Senators vent on Chinese currency
Since becoming Treasury secretary last summer, Henry Paulson has pleaded for patience on the issue of
Canadian drivers steer clear of climate concerns
The notion that fretful Canadians concerned about global warming are racing out to buy more environmentally friendly vehicles is overblown. Buying an environmentally friendly vehicle ranked just 23rd among 26 reasons for purchase, a survey by the Maritz Research showed.
Harper puts green machine in motion
Stephen Harper moved yesterday (Wednesday) to mend his government's frayed international reputation on climate change by dispatching his Environment Minister to
NOVA Chemicals posts Q4 loss
NOVA Chemicals reported its biggest quarterly loss yesterday (Wednesday) after the raw plastics maker wrote down the value of assets in a major business unit, STYRENIX, which has been earmarked for spinoff.
Alcan returns to profit
Aluminium wire is making gains as a substitute for copper, according to Alcan, helping the company return to profit in the fourth quarter. Despite a recent pullback, copper prices have more than tripled in the past four years, and cheaper aluminum cable and wire is winning favour for use in industrial building applications.
Mexicans protest food prices
Thousands of Mexican workers and farmers protested on Wednesday the spiraling cost of food, putting pressure on President Felipe Calderón to act.
Argentine union calls for relocation of
The only way to end the rift between
($1 = €0.77)
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