EU says Ireland swapped Apple tax deal for jobs
BRUSSELS/LONDON (Reuters) – The European Union has accused Ireland of swerving international tax rules by letting Apple shelter profits worth tens of billions of dollars from revenue collectors in return for maintaining jobs.
Venezuela-Exxon arbitration ruling due this week: sources
HOUSTON (Reuters) – The World Bank arbitration tribunal will give its final award ruling this week on a multibillion- dollar claim by Exxon Mobil Corp against Venezuela over the 2007 nationalization of two oil projects, legal sources said on Tuesday.
Airbus wins European approval for its new A350 jet
PARIS (Reuters) – Planemaker Airbus won European safety approval on Tuesday for the A350, clearing the main regulatory hurdle before its newest and most technically advanced jet can start flying passengers.
U.S. consumer confidence, home prices show weakness
NEW YORK (Reuters) – U.S. consumer confidence fell in September for the first time in five months and home prices in July rose less than expected from a year earlier, underscoring the unsteady nature of U.S. growth.
News Corp to buy real estate website operator Move for $950 mln
(Reuters) – Rupert Murdoch’s News Corp will buy Move Inc , the owner of property websites such as realtor.com, for about $950 million to expand its digital marketing business as advertising revenue from its print business dwindles.
Fed’s Powell rejects Treasury-Fed cooperation as threat to central bank independence
WASHINGTON (Reuters) – Federal Reserve board member Jerome Powell said on Tuesday he feared any move for the Fed and the U.S. Treasury to cooperate on debt management and other issues would undermine the central bank’s independence and should be avoide…
U.S. consumer confidence falls in September
NEW YORK (Reuters) – U.S. consumer confidence fell in September to its lowest level since May on concerns over the job market and economic growth, according to a private sector report released on Tuesday.
Wall Street flat, tech gains led by eBay
NEW YORK (Reuters) – U.S. stocks were little changed at the open on Tuesday, with tech shares edging higher after eBay’s plan to spin off PayPal, as the S&P 500 stayed on track to close its seventh straight quarter of gains.
U.S. home prices rise less than expected in July: S&P/Case-Shiller
NEW YORK (Reuters) – U.S. single-family home prices rose in July on a year-over-year basis but fell short of expectations, a closely watched survey said on Tuesday.
Auto recovery wobbles in Paris show spotlight
PARIS (Reuters) – Europe’s anemic car market rebound could be over before it has really begun. That is the fear of executives as they gather for the Paris auto show opening on Thursday, the biggest industry event in the regional calendar.
