Earnings News

A parcel travels along a conveyer belt at Amazon's new distribution center in Brieselang

Amazon's tax-free European profits drop after IRS clamp-down

By Tom Bergin LONDON (Reuters) - The amount of money Amazon.com Inc reports through a tax-exempt vehicle in Europe has dropped sharply in the past two years, even as European sales jumped, after the U.S. tax authority tightened rules it felt were being abused to shift profits. Amazon minimizes its tax bill by having the U.S. unit which owns its technology licenses lease the rights to re-license …

  • The ZTE display is shown at the annual Consumer Electronics Show (CES) in Las Vegas
    China's ZTE first-quarter profit … Reuters - Thu, 17 Apr, 2014

    HONG KONG (Reuters) - ZTE Corp, China's second-biggest telecommunications equipment maker, said first-quarter profit matched its estimate after benefiting from the … More »China's ZTE first-quarter profit …

    The ZTE display is shown at the annual Consumer Electronics Show (CES) in Las Vegas

    HONG KONG (Reuters) - ZTE Corp, China's second-biggest telecommunications equipment maker, said first-quarter profit matched its estimate after benefiting from the country's introduction of fourth-generation mobile networks. Net profit rose 204 percent to 622.2 million yuan ($100.01 million) in January-March compared …

  • German, Japanese carmakers cash in on … Reuters - Thu, 17 Apr, 2014

    By Hyunjoo Jin SEOUL (Reuters) - Japanese and German automakers are benefiting more than their U.S. peers from a free trade deal between Washington and Seoul, according … More »German, Japanese carmakers cash in on …

    By Hyunjoo Jin SEOUL (Reuters) - Japanese and German automakers are benefiting more than their U.S. peers from a free trade deal between Washington and Seoul, according to import figures suggesting U.S. brands are not reaping the rewards they may have expected from the pact. U.S. automakers are battling a perception that …

  • A Lululemon Athletica logo is seen outside one of the company's stores in New York
    Lululemon's status as yogawear's … Reuters - Wed, 16 Apr, 2014

    By Phil Wahba NEW YORK (Reuters) - Still hurting from last year's see-through yoga pants debacle, Lululemon Athletica Inc is about to face a new headache: stepped-up … More »Lululemon's status as yogawear's …

    A Lululemon Athletica logo is seen outside one of the company's stores in New York

    By Phil Wahba NEW YORK (Reuters) - Still hurting from last year's see-through yoga pants debacle, Lululemon Athletica Inc is about to face a new headache: stepped-up competition from rival yoga retailers, department stores and hot new brands. The company is facing aggressive competition from stores such as Gap Inc's Athleta, …

  • NBA: New York Knicks at Milwaukee Bucks
    Wall Street fund managers buy Milwaukee … Reuters - Wed, 16 Apr, 2014

    By Svea Herbst-Bayliss (Reuters) - Hedge fund managers Marc Lasry and Wesley Edens are buying the National Basketball Association's Milwaukee Bucks for $550 million … More »Wall Street fund managers buy Milwaukee …

    NBA: New York Knicks at Milwaukee Bucks

    By Svea Herbst-Bayliss (Reuters) - Hedge fund managers Marc Lasry and Wesley Edens are buying the National Basketball Association's Milwaukee Bucks for $550 million from businessman and former U.S. Senator Herb Kohl, becoming the latest Wall Street financiers to own a sports club. "I believe they are the right people …

  • The Canada Revenue Agency website is seen on a computer screen displaying information about an internet security vulnerability called the "Heartbleed Bug" in Toronto
    Canadian charged in 'Heartbleed' … Reuters - Wed, 16 Apr, 2014

    Canadian police have arrested a 19-year-old man and charged him in connection with exploiting the "Heartbleed" bug to steal taxpayer data from a government website, the … More »Canadian charged in 'Heartbleed' …

    The Canada Revenue Agency website is seen on a computer screen displaying information about an internet security vulnerability called the "Heartbleed Bug" in Toronto

    Canadian police have arrested a 19-year-old man and charged him in connection with exploiting the "Heartbleed" bug to steal taxpayer data from a government website, the Royal Canadian Mounted Police (RCMP) said on Wednesday. In what appeared to be the first report of an attack using a flaw in software known as OpenSSL, …

  • Iran's President Hassan Rouhani speaks during an event to mark Nawroz, the Persian New Year, in Kabul
    Iranian negotiators reject hardline … Reuters - Wed, 16 Apr, 2014

    By Michelle Moghtader ABU DHABI (Reuters) - Iranian hardliners stepped up criticism of Tehran's negotiations with world powers over its nuclear program on Wednesday, … More »Iranian negotiators reject hardline …

    Iran's President Hassan Rouhani speaks during an event to mark Nawroz, the Persian New Year, in Kabul

    By Michelle Moghtader ABU DHABI (Reuters) - Iranian hardliners stepped up criticism of Tehran's negotiations with world powers over its nuclear program on Wednesday, but negotiators defended the planned deal that could lead to an end to economic sanctions. The hardliners, unsettled by the shift to a more moderate foreign …

  • An applicant speaks on his mobile phone before a selection process for entry into the school of Maricahi Ollin Yoliztli in Mexico City
    Mexican mobile phone operator sues IBM … Reuters - Wed, 16 Apr, 2014

    By Nate Raymond NEW YORK (Reuters) - Mexican mobile phone operator Iusacell SA de CV sued IBM Corp on Wednesday, accusing the U.S. technology giant of making fraudulent … More »Mexican mobile phone operator sues IBM …

    An applicant speaks on his mobile phone before a selection process for entry into the school of Maricahi Ollin Yoliztli in Mexico City

    By Nate Raymond NEW YORK (Reuters) - Mexican mobile phone operator Iusacell SA de CV sued IBM Corp on Wednesday, accusing the U.S. technology giant of making fraudulent representations that caused it to lose $2.5 billion in profits. The lawsuit, filed in federal district court in New York, centered on a contract that Iusacell …

  • Alibaba earnings boost Yahoo shares … CBC - Wed, 16 Apr, 2014

    Yahoo Inc’s shares were up six per cent in heavy trading on Wednesday, after revenue figures released Tuesday after markets closed showed a surge in profit from its Alibaba … More »Alibaba earnings boost Yahoo shares …

    Yahoo Inc’s shares were up six per cent in heavy trading on Wednesday, after revenue figures released Tuesday after markets closed showed a surge in profit from its Alibaba unit.

  • Pakistan publishes list to embarrass … Reuters - Wed, 16 Apr, 2014

    By Katharine Houreld ISLAMABAD (Reuters) - Desperate Pakistani tax authorities are publicly shaming defaulters by publishing their tax details in a directory for the … More »Pakistan publishes list to embarrass …

    By Katharine Houreld ISLAMABAD (Reuters) - Desperate Pakistani tax authorities are publicly shaming defaulters by publishing their tax details in a directory for the first time, officials said on Wednesday. Only around one in 200 citizens files income tax, leaving the state begging foreign donors to help fund crumbling …

  • Structure showing the Euro currency sign is seen in front of the ECB headquarters in Frankfurt
    ECB plan could boost shares in Europe's … Reuters - Wed, 16 Apr, 2014

    By Francesco Canepa LONDON (Reuters) - Shares in some of Europe's least profitable and most indebted companies are set to outperform in the coming months if the European … More »ECB plan could boost shares in Europe's …

    Structure showing the Euro currency sign is seen in front of the ECB headquarters in Frankfurt

    By Francesco Canepa LONDON (Reuters) - Shares in some of Europe's least profitable and most indebted companies are set to outperform in the coming months if the European Central Bank starts buying corporate bonds to fight the threat of deflation. The ECB has opened the door to the purchase of asset-backed securities such …

  • Zebra stock drops 10% after buying Motorola … CBC - Tue, 15 Apr, 2014

    Nasdaq-listed Zebra Technologies Corp. stock fell 10 per cent on Tuesday after entering into an agreement to buy Motorola’s Enterprise business for $3.45 billion US. More »Zebra stock drops 10% after buying Motorola …

    Nasdaq-listed Zebra Technologies Corp. stock fell 10 per cent on Tuesday after entering into an agreement to buy Motorola’s Enterprise business for $3.45 billion US.

  • Barclays PLC grouo CEO Jenkins speaks during the Clinton Global Initiative in New York
    Barclays' boss treads fine line … Reuters - Tue, 15 Apr, 2014

    By Steve Slater LONDON (Reuters) - Barclays' Chief Executive Antony Jenkins is facing a high-wire act to overhaul the firm's investment bank without undermining a division … More »Barclays' boss treads fine line …

    Barclays PLC grouo CEO Jenkins speaks during the Clinton Global Initiative in New York

    By Steve Slater LONDON (Reuters) - Barclays' Chief Executive Antony Jenkins is facing a high-wire act to overhaul the firm's investment bank without undermining a division that contributes about half of group profits. Jenkins, criticized by investors and politicians for raising bonuses this year despite a big fall in …

  • South Sudan rebels say seize oil hub … Reuters - Tue, 15 Apr, 2014

    By Aaron Maasho ADDIS ABABA (Reuters) - South Sudanese rebels said on Tuesday they have seized the capital of oil-producing Unity state, Bentiu, and warned oil firms … More »South Sudan rebels say seize oil hub …

    By Aaron Maasho ADDIS ABABA (Reuters) - South Sudanese rebels said on Tuesday they have seized the capital of oil-producing Unity state, Bentiu, and warned oil firms to pack up and leave within a week. Thousands of people have been killed and more than one million displaced since fighting erupted in South Sudan in the …

  • Walking, 'talking' drilling … Reuters - Tue, 15 Apr, 2014

    By Ernest Scheyder WEST CHESTER, Pennsylvania (Reuters) - The backbreaking life of a roughneck, the iconic worker bees of oilfield drilling rigs, is getting a little … More »Walking, 'talking' drilling …

    By Ernest Scheyder WEST CHESTER, Pennsylvania (Reuters) - The backbreaking life of a roughneck, the iconic worker bees of oilfield drilling rigs, is getting a little easier. Schramm Inc, which built the drilling rig that four years ago helped rescue 33 trapped Chilean copper miners, has designed a 500,000-pound rig for …

  • Stephen Arthuro Solis-Reyes charged in Heartbleed-related SIN theft
    Heartbleed bug: RCMP asked Revenue Canada … CBC - Mon, 14 Apr, 2014

    The Canada Revenue Agency knew last Friday that hundreds of Canadians had their social insurance numbers stolen from its website because of the Heartbleed security bug … More »Heartbleed bug: RCMP asked Revenue Canada …

    Stephen Arthuro Solis-Reyes charged in Heartbleed-related SIN theft

    The Canada Revenue Agency knew last Friday that hundreds of Canadians had their social insurance numbers stolen from its website because of the Heartbleed security bug but waited until Monday to make it public. The RCMP said Tuesday the delay was at the Mounties' request.

  • Of all the ways to experience identity theft, the loss of a SIN is among the more serious, as that is a user's official thumbprint on government networks and the one that is most often used to authenticate people in the financial system, too.

  • Emboldened Canada pipeline opponents … Reuters - Mon, 14 Apr, 2014
    Protest signs was shown in the town of Kitimat

    By Julie Gordon and Scott Haggett VANCOUVER/CALGARY (Reuters) - Opponents of Canada's Northern Gateway pipeline, bolstered by a coastal town's vote against the project, said on Monday they will now push harder for a provincial referendum they hope would kill Enbridge Inc's plan to move oil sands crude to Asian markets. …