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Keyword: corporations

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  • The most important driver of stock prices is finally rolling over [NO MORE EARNINGS GROWTH]

    09/24/2015 3:58:36 AM PDT · by expat_panama · 39 replies
    Business Insider ^ | Sep. 22, 2015 | Sam Ro
    The most important driver of stock prices is earnings. "Earnings hold the key," Barclays' Ian Scott writes. "The key to the outlook for global equities is earnings, with global valuations in line with historical averages, a supportive monetary policy backdrop, and very bearish sentiment, a major hit to [earnings per share] is the main risk for the market," Scott argued in a new note to clients. In the US, corporate earnings growth has been slowing for months. "It's amazing how forgiving the general commentary has been on profits and even the broad economy," Deutsche Bank's David Bianco said in an...
  • Nestle accused of using slave-caught fish in cat food

    08/28/2015 10:44:40 AM PDT · by AbolishCSEU · 34 replies
    Yahoo News/AFP ^ | 8/28/2015
    New York (AFP) - Swiss food giant Nestle is being sued in the United States for allegedly knowingly allowing its Fancy Feast cat food to contain fish from a Thai supplier that uses slave labor.
  • Wal-Mart explains stance on rings with Rebels mascot

    07/08/2015 4:40:26 PM PDT · by RushIsMyTeddyBear · 19 replies
    Decatur Daily ^ | 7/8/2015 | Briana Harris
    Wal-Mart corporate spokesman Brian Nick said the reason West Morgan High graduate Aaron Browder was not able to purchase his senior class ring with a generic Rebels mascot is because design features included the Confederate flag in the background and foreground. The nickname for West Morgan's athletic teams is Rebels.
  • Worldwide Survey Of Litigation Trends Reveals Grim News For America

    05/24/2015 8:14:16 AM PDT · by Kaslin · 21 replies ^ | May 24, 2015 | Bob Jones
    Companies in the United States are now facing more than twice as much litigation as companies in other countries. That’s the disturbing finding of a survey recently conducted by the third-largest law firm in the world. The firm, Norton Rose Fulbright, which happens to be the largest law firm in the world based outside the US, conducted a poll of more than 800 corporate counsel representing companies across 26 countries, and the results are not good for American companies or the job seekers who would like to work for them. While the survey is performed to identify litigation trends across...
  • Firms Paid Bill Clinton Millions As They Lobbied Hillary Clinton At State Department

    04/28/2015 12:48:41 PM PDT · by SeekAndFind · 20 replies
    International Business Times ^ | 04/28/2015 | By Andrew Perez, David Sirota , Matthew Cunningham-Cook
    Former President Bill Clinton accepted more than $2.5 million in speaking fees from 13 major corporations and trade associations that lobbied the U.S. State Department while Hillary Clinton was secretary of state, an International Business Times investigation has found. The fees were paid directly to the former president, and not directed to his philanthropic foundation. Many of the companies that paid Bill Clinton for these speeches -- a roster of global giants that includes Microsoft, Oracle and Dell -- engaged him within the same three-month period in which they were also lobbying the State Department in pursuit of their policy...
  • You Need to Hear What Gov. Bobby Jindal Told Corporate America About Bullying People of Faith

    04/28/2015 8:39:21 AM PDT · by SeekAndFind · 9 replies
    Pajamas Media ^ | 04/27/2015 | Paula Bolyard
    Louisiana Governor Bobby Jindal, appearing at the Iowa Faith and Freedom Coalition’s Spring Kickoff on Saturday, made it clear that he will not allow religious liberty bullies to run rampant in his state. Referring to the recent events surrounding Indiana’s Religious Liberty Restoration Act, Jindal said corporate America teamed up with the radical left “to come after our religious liberty rights.” Jindal warned, “Corporate America needs to be careful because the same radical left that doesn’t want us to have religious liberty rights does not want us to have economic liberty rights. The same radical left that doesn’t want us...
  • Which Companies Paid The Most Income Tax In 2014

    04/17/2015 9:25:10 AM PDT · by SeekAndFind · 41 replies
    Zero Hedge ^ | 04/17/2015 | Tyler Durden
    Apple's market capitalization of $730 billion may now be more than double that of Exxon Mobil, but when it comes to taxes paid to the US government, it's no contest: the company with record profitability that so many progressive hipsters adore and for whose products they line up with annual regularity is billions of dollars below its "fair" contribution to the US Treasury. Ironically, it is eclipsed by that other company that so many progressives love to hate: Exxon Mobil, which paid $4 billion more in tax than Apple, yet whose valuation has been cut by 15% over the past...
  • Call for Targeted Nat'l Boycotts of Profit-Heavy Products of Big Companies Who Bend to Fascist Few

    04/02/2015 6:28:59 PM PDT · by concernedcitizen76 · 41 replies
    April 2, 2015 | Self
    Since 1996, Gallup polls show that a significant plurality of Americans identify as conservative. Never more than a quarter identify as liberals. A map of the USA that is mostly red shows the congressional districts of the House of Representatives. Money talks. The success of the left is based on the money flow. Despite their smaller numbers, they have learned how to coalesce their energy in order to turn the money spigot on and how to turn the money spigot off. If corporations come to know and fear the prodigious economic power of the conservative and conservative leaning majority, the...
  • Corporations Feed Political Correctness

    03/27/2015 9:26:32 PM PDT · by PingPongChampion · 14 replies ^ | February 1st, 2015 | S.P.
    This invisible government which polices the very habits and thoughts that created the culture of consumption is now managing a sustained culture of political correctness. As many modern American capitalists will tell you, money does not discriminate. The almighty and powerful dollar does not care what colour our skin may be or what god we may kneel to. It is man that discriminates on such lines. It is man who utters words and ideas that may alienate or segregate potential consumers. If corporations were to sell their products selectively to Anglo-Saxon, white Americans, they would be consciously minimizing their own...
  • U.S. Has Highest Corporate Tax In World: Much to Learn From Ireland

    03/18/2015 2:05:42 PM PDT · by ThethoughtsofGreg · 7 replies
    American Legislator ^ | 3-18-15 | Ben Wilterdink
    While Saint Patrick’s Day gives people all over the world a reason to be Irish for a day, it might be better for the United States to move permanently ‘Irish’ when it comes to corporate income tax rates. The United States currently has the highest corporate income tax rate in the developed world at 35 percent federally, and reaches almost 40 percent once the average state corporate income tax rate is included. By contrast, Ireland maintains a top statutory rate of just 12.5 percent, less than a third of the top U.S. rate. This competitive, pro-growth corporate income tax rate...
  • What Sustainability and Religious Freedom Have in Common

    03/18/2015 9:07:05 AM PDT · by Kaslin · 4 replies ^ | March 18, 2015 | James Lankford
    This column was co-authored by Congressman J. Randy Forbes.Avid Chipotle customers seeking carnitas burritos for dinner may be disappointed over the coming weeks. The restaurant giant is reportedly no longer serving pork at about a third of its locations after it dropped a pork supplier that failed to live up to the corporation’s standards of humane animal care. Despite the possibility that Chipotle’s decision to pull pork from almost a third of its restaurants will come at a cost, the corporation’s commitment to serving “food with integrity” has outweighed its quest for financial gain. “We would rather not serve pork...
  • The Best "Democracy" Money Can Buy: For Every Dollar Spent in Politics, Corporations Get $760 Back

    03/16/2015 4:10:43 PM PDT · by SeekAndFind · 31 replies
    Zero Hedge ^ | 03/16/2015 | Tyler Durden
    The first time we read the recent analysis by the Sunlight Foundation in which it combed through 14 million corporate records, including data on campaign contributions, lobbying expenditures, federal budget allocations and spending, in order to determine the "rate of return" on lobbying and spending to buy political goodwill, we were left speechless. To be sure, we had previously shown that when it comes to the rate of return on lobbying, the rates were simply staggering, and ranged anywhere between 5,900% for oil subsidies, to 22,000% for multinational tax breaks and even higher for America's legal drug dealers.  But...
  • Corporations are the Enemy (Scotus case that would impose same-sex “marriage”)

    03/13/2015 3:49:36 PM PDT · by NYer · 28 replies
    Crisis Magazine ^ | March 13, 2015 | AUSTIN RUSE
    A man I know was a top executive at a major American media company, one of the biggest and most influential in the world. A young man came into his office one day asking to display a rainbow sticker with the words “safe space.” This was a decade ago and this man, a faithful Catholic, felt confident he could demur without reprisal though he could see the veiled threat of being “outed” as less than gay friendly, as a homophobe.But, in these post-Brendan Eich days, it is doubtful my friend would feel as safe to say no because things...
  • Surging dollar takes bite out of US corporate profits

    02/20/2015 9:45:51 PM PST · by Olog-hai · 11 replies
    Associated Press ^ | Feb 21, 2015 12:06 AM EST | Matthew Craft
    The biggest obstacle for Coca-Cola and Pepsi these days isn’t tied to taste tests, the declining popularity of sugary drinks or even their century-long rivalry. It’s the surging U.S. dollar. The two soda giants rely on overseas customers for roughly half of their revenue. When they turned in their quarterly results last week, both reported a drop in sales. The strong dollar made all the difference: strip it out and shrinking sales suddenly rise. The dollar has been a source of constant complaint this earnings season. Global corporations from Avon Products to Yum Brands have said their quarterly results would...
  • Barack Obama plans to tax overseas cash piles

    02/02/2015 9:43:06 AM PST · by SeekAndFind · 32 replies
    Financial Times ^ | 02/01/2015 | Megan Murphy, Vanessa Houlder and Sam Fleming
    President Barack Obama will propose raising $238bn by levying a one-off tax on the cash piles held by US companies overseas to repair the US’s crumbling roads and bridges. The measure, a key plank of the US president’s budget to be outlined on Monday, would impose a 14 per cent “transition” tax on the estimated $2tn in earnings US companies have amassed overseas, the White House said on Sunday. Critics say the existing offshore cash mountains testify to the aggressive foreign tax planning by US companies, while businesses cite them as evidence of the handicaps they face under an uncompetitive...
  • FBI Seeks To Legally Hack You If You're Connected To TOR Or a VPN

    01/25/2015 11:15:40 PM PST · by LibWhacker · 55 replies ^ | 1/20/15
    The investigative arm of the Department of Justice is attempting to short-circuit the legal checks of the Fourth Amendment by requesting a change in the Federal Rules of Criminal Procedure. These procedural rules dictate how law enforcement agencies must conduct criminal prosecutions, from investigation to trial. Any deviations from the rules can have serious consequences, including dismissal of a case. The specific rule the FBI is targeting outlines the terms for obtaining a search warrant. It's called Federal Rule 41(b), and the requested change would allow law enforcement to obtain a warrant to search electronic data without providing any specific...
  • Al Sharpton is being paid thousands of dollars to not cry 'racism' at large corporations...

    01/04/2015 12:41:04 AM PST · by Libloather · 20 replies
    Daily Mail ^ | 1/04/15 | Sophie Jane Evans
    Al Sharpton is being paid thousands of dollars to not cry 'racism' at large corporations, it is claimed**SNIP** For more than 10 years, firms have reportedly handed over enormous donations and consulting fees to the activist preacher's National Action Network (NAN) In return for their cash, they have received Sharpton's supposed influence in the black community - or more often, his silence on the matter, it is reported. 'Al Sharpton has enriched himself and NAN for years by threatening companies with bad publicity if they didn’t come to terms with him,' said Ken Boehm, chairman of the National Legal &...
  • U.S. Companies Clamor to Do Business in New Cuban Market

    12/19/2014 5:42:55 AM PST · by SeekAndFind · 30 replies
    New York Times ^ | 12/19/2014 | By JULIE CRESWELL
    PepsiCo wants in. So do Caterpillar and Marriott International. Within hours of President Obama’s historic move to restore full diplomatic relations with Cuba, companies in the United States were already developing strategies to introduce their products and services to a market they have not been in for the better part of 50 years — if ever. “Cuba is a potential market for John Deere products and services,” Ken Golden, a spokesman for Deere & Company, a leading maker of farm and construction equipment based in Illinois, said by email. But while there may be robust opportunities for some companies, especially...
  • Exclusive: U.S. CEOs threaten to pull tacit Obamacare support over 'wellness' spat

    11/29/2014 5:43:51 AM PST · by C19fan · 19 replies
    Reuters ^ | November 29, 2014 | Sharon Begley
    Leading U.S. CEOs, angered by the Obama administration's challenge to certain "workplace wellness" programs, are threatening to side with anti-Obamacare forces unless the government backs off, according to people familiar with the matter. Major U.S. corporations have broadly supported President Barack Obama's healthcare reform despite concerns over several of its elements, largely because it included provisions encouraging the wellness programs.
  • Corporations Join Droves Renouncing US Citizenship

    08/31/2014 8:08:24 PM PDT · by SeekAndFind · 10 replies
    Casey Research ^ | 08/30/2014 | Nick Giambruno, Senior Editor,
    Don’t be surprised to lose if you don’t make an effort at being competitive.And if you go out of your way to make yourself less competitive, expect to lose.If that sounds like simple common sense, that’s because it is.But it’s also exactly what the US has been doing for years—enacting tax policies that sabotage its global economic competitiveness.It’s like trying to get in shape for a marathon by going on an all-McDonald’s diet. (Speaking of McDonalds, check out this funny video spoof of what their commercials should really look like.)Here are two major reasons why the US is lagging in...
  • Government Pensions Make Big Bucks Off 'Corp Deserters'

    08/06/2014 7:02:38 AM PDT · by SeekAndFind · 3 replies
    Fox Business News ^ | 08/06/2014 | By Elizabeth MacDonald
    It’s not just fat cat hedge funds, banks or Wall Street investment companies that benefit when U.S. companies cut their tax bills by moving their headquarters overseas via mergers with foreign concerns. More than a dozen state government pension funds that run retirement accounts for government workers like teachers, cops and firemen own big chunks in these “corporate deserters,” too. Five U.S. companies merging with overseas concerns have big state government pension investments amounting to nearly $2 billion, based on data provided by Richard Peterson, senior director at S&P Capital IQ. But you don’t hear about government pension investments in...
  • Do Corporations Rule America?

    07/29/2014 5:34:43 AM PDT · by SeekAndFind · 34 replies
    American Thinker ^ | 07/29/2014 | Christopher Chantrill
    I suppose it's natural that the average American believes that the Crash of 2008 was caused by greedy bankers and that the problem with health insurance is insurance company profits. After all, most Americans work for big companies, and they know that at any moment corporate security could appear at their cubicle to escort them to the exit. Employees know the power their bosses have over them; why shouldn't the bosses have the same power to work their will over politicians? Not only that, but politicians pose as the worker's friend. We'll protect you from the ravishings of your lascivious...
  • How to stop companies from deserting America before it’s too late

    07/25/2014 6:09:46 AM PDT · by SeekAndFind · 30 replies
    Fortune ^ | 07/24/2014 | Allan Sloan
    Sometimes even journalists get it right. My essay about companies incorporating overseas to dodge taxes, “Positively Un-American,” featured in our last issue, clearly struck a nerve. Since its publication, these corporate “inversions”—a euphemism for “desertions”—have taken on a life of their own. Barely a day seems to pass without a corporation announcing that it plans to leave the U.S. to save taxes but wants to continue having its business, its employees, its directors, and especially its top executives benefit from our rule of law, democratic system, and the other great things that make America America. It just doesn’t want to...
  • Big Corporations Have An OVERWHELMING Amount Of Power Over Our Food Supply

    07/20/2014 11:26:33 AM PDT · by SeekAndFind · 182 replies
    theeconomiccollapseblog ^ | July 14, 2014 | Michael Snyder
    From our fields to our forks, huge corporations have an overwhelming amount of power over our food supply every step of the way. Right now there are more than 313 million people living in the United States, and the job of feeding all of those people is almost entirely in the hands of just a few dozen monolithic companies. If you do not like how our food is produced or you don't believe that it is healthy enough, it isn't very hard to figure out who is to blame. These mammoth corporations are not in business to look out for...
  • The other side of the Hobby Lobby decision: Are corporations considered persons?

    07/02/2014 12:16:41 PM PDT · by SeekAndFind · 21 replies
    Hotair ^ | 07/02/2014 | Jazz Shaw
    The team here has had plenty of great coverage since the Hobby Lobby decision came down, but there are still elements of not only the court case, but the highly vocal opposition to it which leave me puzzled. There has been plenty of analysis regarding the religious freedom aspect of the case, particularly from Ed, and that is certainly an important facet of the discussion. But I find myself even more perplexed by the arguments I’ve been seeing regarding the nature of personhood vis-à-vis corporations and how they shouldn’t be eligible for the various assurances found in the bill...
  • At Walgreen, renouncing corporate citizenship

    07/01/2014 3:19:54 PM PDT · by 2ndDivisionVet · 33 replies
    Yahoo! Finance / The New York Times ^ | July 1, 2014 | Andrew Ross Sorkin
    A little less than two years ago, Gregory D. Wasson, the chief executive of Walgreen, sought a series of tax breaks from Illinois, where his company is based. “We are proud of our Illinois heritage,” he said at the time. “Just as our stores and pharmacies are health and daily living anchors for the communities we serve, we as a company are now recommitted to serving as an economic anchor for northeastern Illinois.” The state gave Walgreen $46 million in corporate income tax credits over 10 years in exchange for a pledge to create 500 jobs and invest in upgrading...
  • Study: Michelle Obama anti-fat group treats obese as 'idiots'

    06/11/2014 12:05:35 PM PDT · by Tolerance Sucks Rocks · 14 replies
    The Washington Examiner ^ | June 10, 2014 | Paul Bedard (Washington Secrets)
    Two major national anti-obesity campaigns supported by first lady Michelle Obama and former President Clinton treat overweight Americans as “idiots” too dumb to figure out what's good for them, according to a new academic study.Worse, said the study from a George Washington University professor, the Obama-backed Partnership for a Healthier America and Clinton supported Alliance for a Healthier Generation blame consumers and not the makers of unhealthy food for the obesity epidemic.“I found that these organizations might more appropriately be called the ‘Partnership for a Healthier Bottom Line,' ” said associate sociologist professor Ivy Ken in the influential academic journal...
  • American Companies Think The Unthinkable — Leaving The U.S.

    04/15/2014 5:23:36 AM PDT · by SeekAndFind · 22 replies
    IBD ^ | 04/15/2014
    Walgreen, America's venerable drug-store chain, is thinking the unthinkable: relocating to Europe. Not because it sees growth and opportunity there, but because of onerous taxes here in the U.S. It's an ominous trend. The Financial Times of London calls it "one of the largest tax inversions ever." That is, a company seeking to avoid punitive taxes in one market by moving to another. No doubt the FT is right. And after its recent $16 billion takeover of Swiss-based Alliance Boots, it would be easy for Walgreen to remake itself as a Swiss company. If it did, the Democratic Party's liberals...
  • Walgreens urged to leave US to gain tax benefit

    04/14/2014 7:26:05 AM PDT · by Cringing Negativism Network · 35 replies
    Financial Times ^ | 4/14/14 (I think) | Ed Hammond
    OK it's not Walmart, but it's a serious issue nevertheless. America needs to keep, start, build and GROW global companies right here in America. Stop this nonsense.
  • The State Tax Grab

    02/08/2014 6:07:06 AM PST · by Hojczyk · 16 replies
    City Journal ^ | Feb 8 | STEVEN MALANGA
    New Jersey’s shakedown tactics have spread. California, Massachusetts, New York, Pennsylvania, Illinois, Nebraska, and Virginia have been among the states named in congressional testimony for trying to levy corporate taxes on firms whose only substantial connection is a visiting truck. In one typical case, when a small Milwaukee transportation firm, LTL Trucking, answered a Nebraska tax questionnaire by acknowledging that its trucks had driven through the state in recent years, it received a back-tax bill of $1,321, despite having no inventory, customers, or sales there. Manufacturers delivering products to customers in locations where the firms don’t otherwise operate have found...
  • The State Tax Grab

    02/08/2014 5:29:06 AM PST · by Sir Napsalot · 11 replies
    City Journal ^ | Winter 2014 | Steven Malanga
    Cash-hungry governments are shaking down nonresident businesses and workers.Revenue-hunting states have lately gone beyond raising their own taxes; now they’re trying to shake down firms and workers in other states. Stretching the limits of the U.S. Constitution’s Commerce Clause to the breaking point, local revenue agents have seized out-of-state trucks simply passing through their jurisdiction, refusing to release them until the firms that dispatched them fork over corporate income taxes. Finance departments have slapped out-of-state businesses with bills for thousands of dollars in corporate back taxes, based on little more than a single worker visiting the state sometime during the...
  • Ownership of U.S. petroleum refineries has changed significantly since 2000

    01/30/2014 5:18:22 AM PST · by thackney · 11 replies
    Energy Information Administration ^ | JANUARY 29, 2014 | Energy Information Administration
    U.S. refining capacity increased since 2000 as capacity additions outpaced the loss of capacity from three major refinery closures. Yet the number of refineries and companies both declined over the same period, as the concentration of refining capacity among the top five companies increased from 38% in 2000 to 44% in 2013. Ownership of U.S. refinery capacity changed substantially in recent years, notwithstanding relatively slow changes in refinery capacity and the number of companies involved in the refining sector. An examination of company-level information and transactional data since 2000 shows both consolidation and dispersion. Almost 40% of large refiners (i.e.,...
  • Congressional Extortion

    01/12/2014 8:56:24 AM PST · by Kaslin · 4 replies ^ | January 14, 2014 | Bruce Bialosky
    Some of the world’s most famous people became such by challenging conventional wisdom. Who does not know the name Galileo? He was scorned as a heretic in his day. Or what American does not know of Jonas Salk, who developed a nonconventional process and saved the world from the dreaded polio disease. Now comes along a man challenging conventional wisdom. The subject is not as lofty as curing polio or defining the center of the universe, but it challenges an accepted orthodoxy that has been beaten into our brains for decades. Though campaign finance reform dates back to 1867 when...
  • Companies Say Goodbye to the 'Burbs

    12/06/2013 2:37:32 PM PST · by qaz123 · 11 replies
    Yahoo Finance ^ | 06Dec13 | Lauren Weber
    When Motorola Mobility lined up a Silicon Valley candidate a few months ago for a VP-level role, the phone maker was hopeful he'd accept. After all, the company offered the chance to develop products at a subsidiary of Google Inc. The engineer declined. His reason: the prospect of relocating to Libertyville, Ill., about 35 miles from downtown Chicago, said Scott Sullivan, Motorola's head of human resources.
  • Challenging the Culture of Death [Partial corporate boycott list re: givers to Planned Parenthood]

    11/26/2013 7:34:59 PM PST · by Colofornian · 2 replies
    Life Decisions International (LDI) brings together many of North America's leading experts for its primary mission of challenging the radical agenda of Planned Parenthood worldwide. SNIP LIFE DECISIONS INTERNATIONAL HAS BEEN FAITHFULLY SERVING THE PRO-LIFE MOVEMENT FOR MORE THAN 20 YEARS (AND WE PRAY THERE WILL BE NO NEED FOR ANOTHER 20 YEARS). Corporate Funding Project (CPF) Join The Boycott!Help fight Planned Parenthood by refusing to do business with corporations that fund its deadly agenda. Did you know that the following corporations are boycott targets? Pernod Ricard (alcoholic beverages, including Absolute, Ballantine's, Beefeater, Bancott Estate, Campo Viejo, Chivas Regal, G.H....
  • Obama courting CEOs on immigration widens conservative split, raises issue of corporate motives

    11/10/2013 5:41:32 AM PST · by KeyLargo · 11 replies ^ | Nov 10, 2013
    POLITICS Obama courting CEOs on immigration widens conservative split, raises issue of corporate motives Published November 10, 2013 President Obama's courting of top U.S. executives this week to help get the Republican-controlled House to pass immigration reform is furthering the divide among conservatives, with a top GOP senator and others suggesting corporate America is lending its support with hopes of getting more access to low-cost immigrant labor. The president said before the White House meeting Tuesday that he and others who support comprehensive immigration reform passed in the Senate know the “politics are challenging” in the House and that...
  • Weekly Investment & Finance Thread (Oct 7 - Oct. 11 edition)

    10/07/2013 3:49:28 AM PDT · by expat_panama · 53 replies
    Weekly Investment & Finance Thread ^ | October 7, 2013 | Freeper Investors
    This is the Weekly Investment & Finance Thread (Oct 7 - Oct. 11 edition)----  Trying to focus on the markets for today and each day and the economic news This is where you can exchange some investment opinions and advice If you see another FR economic thread you like and want to link to it here, please doPost your favorite economic site links. Your favorite economic blogs and precious metals blogs and sitesPing list -- on or off let me know here or via freep-mail. If I missed you then Freep-mail me I might ping you to other interesting economic threads a...
  • Corporate Profits Decline: Time For A Celebration?

    09/01/2013 5:13:48 AM PDT · by Kaslin · 18 replies ^ | September 1, 2013 | Austin Hill
    “Corporate Profits Lose Steam.” That was the headline atop a recent Wall Street Journal article. For those that become indignant about highly successful and profitable corporations, this should be really great news – right? But nobody is celebrating. In fact, the sagging profits reports of the past several weeks are thought to be such a bad thing that some believe they have brought about the downward shifts on the stock market as of late (could it be that the business uncertainty caused by our U.S. government could be the problem on Wall Street instead?). Companies as diverse as Krispy...
  • Conservative conference draws lawmakers, picketers (ALEC)

    08/08/2013 3:39:01 PM PDT · by Olog-hai · 4 replies
    Associated Press ^ | Aug 8, 2013 5:34 PM EDT | David A. Lieb
    More than a thousand conservative lawmakers and business executives are gathering this week for conference that could shape a new wave of Republican legislation in state capitols pushing for deeper tax cuts, limits on union powers and a private-sector makeover for government Medicaid programs. Attendees at the American Legislative Exchange Council were countered Thursday by a roughly equal number of protesters upset by the close ties between big businesses and lawmakers. … The conservative organization’s 40th annual meeting comes as it is experiencing increased influence due to a growth in Republican-led legislatures and enhanced opposition from liberal-leaning groups that have...
  • Putin Goes After Global Cos Hiding Money Offshore

    06/20/2013 8:42:16 PM PDT · by KMR · 5 replies
    FORBES ^ | June 20, 2013 | Kenneth Rapoza
    Hello Russia news Freepers. Tired of all this talk about companies hiding money offshore and not paying taxes? If there is one man who can make some noise about this, it won't be Obama. It'll be Putin. He already is taking over from British PM David Cameron who first made overtures to the fact that offshoring was unfair.
  • Thousands Of Firms Trade Confidential Data With US Gov. In Exchange For Classified Intelligence

    06/14/2013 8:59:40 AM PDT · by mojito · 10 replies
    ZeroHedge ^ | 6/14/2013 | Tyler Durden
    The rabbit hole just got deeper. A whole lot deeper. On Sunday we predicated that "there's one reason why the administration, James Clapper and the NSA should just keep their mouths shut as the PRISM-gate fallout escalates: with every incremental attempt to refute some previously unknown facet of the US Big Brother state, a new piece of previously unleaked information from the same intelligence organization now scrambling for damage control, emerges and exposes the brand new narrative as yet another lie, forcing even more lies, more retribution against sources, more journalist persecution and so on." And like a hole that...
  • Is Gen Y Loyal to Employers?

    06/12/2013 7:52:31 AM PDT · by William Tell 2 · 30 replies ^ | 6-11-13 | Michael P. Tremoglie
    Do 20- and 30-somethings prefer a womb-to-tomb quasi-communist corporate culture like Japan, or do they prefer a less secure, more competitive, corporate culture of modern America? There was a time when Americans worked for a ...
  • Live Free or Move (To the Lowest Tax Location)

    05/29/2013 7:17:40 AM PDT · by SeekAndFind · 9 replies
    City Journal ^ | 05/29/2013 | Scott Beyer
    To listen to President Obama and the media, you would think America’s most pressing issues are gun control and immigration. But the issue that has plagued Obama from the start is job creation. Though unemployment has ticked down to 7.5 percent, the job numbers remain bleak when accounting for those underemployed or outside the workforce. Yet some areas of America are thriving, offering Obama a primer—if he wants it—for how to proceed. Consider the recent Bureau of Labor Statistics data on 2012 job growth for America’s 51 largest metropolitan regions. The data include a list of the top ten, which...
  • Obama Bagged $18 Million In Corporate, Special Interest Cash For Second Inauguration

    04/29/2013 1:40:24 PM PDT · by NoLibZone · 12 replies ^ | April 29, 2013 | Wynston Hall
    Obama’s big money corporate donors included: AT&T--$4.6 million Microsoft--$2.1 million Boeing--$1 million Chevron--$1 million Genentech--$750,000 Deloitte--$500,000 FedEx--$500,000 Coca Cola--$430,000 Bank of America--$300,000 Xerox--$250,000 ExxonMobil--$250,000 Northrup Grumman--$100,000 Verizon--$100,000 Obama also hauled in $250,000 checks from each of the following unions: The International Association of Fire Fighters, the International Brotherhood of Electrical Workers, the International Brotherhood of Teamsters, and the National Education Association.
  • Boeing CEO says 787 grounding didn't have big financial impact

    04/29/2013 11:48:24 AM PDT · by ConservativeStatement · 2 replies
    Chicago Tribune ^ | April 29, 2013 | Gregory Karp
    Just days after Boeing's 787 Dreamliner was officially cleared to fly by U.S. regulators, Boeing CEO Jim McNerney said the plane's 100-day grounding did not and will not have a significant financial impact on the Chicago-based aircraft maker. McNerney, speaking after Chicago-based Boeing's annual meeting at the Field Museum of Natural History in Chicago on Monday, said some fixes are "big and huge and others are less financially impactful."
  • What are Benefit Corporations?

    03/31/2013 2:17:47 PM PDT · by Twotone · 12 replies
    Oregon Catalyst ^ | March 31, 2013 | Staff
    A Capitol follower who happened to be at a hearing on HB 2318 in Salem had their interest piqued when they heard Democrats pushing Benefit Corporations, and dancing around the questions being asked. A 2011 article in left-leaning The Nation magazine described Benefit Corporations as having “the purpose of making a ‘positive impact on society and the environment,’” “Benefit Corporations can’t be held liable by courts for failing to place profits over everything else. This is an important shift in law.”
  • SB 99: For Whose Benefit? (The latest, liberal Trojan Horse)

    03/20/2013 9:27:32 AM PDT · by aimhigh · 1 replies
    Beaufort County Now ^ | 3/02/2013 | Brian Balfour
    the underlying premise of creating a "benefit corporation" is that traditional corporations and companies don't benefit the public. This notion, of course, is ludicrous. Over time, however, it would not be surprising if B-corporations begin to seek favored tax statuses as well.
  • Corporate crime and punishment

    03/15/2013 8:57:17 AM PDT · by IndePundit · 1 replies
    David Rivkin ^ | 3/15/2013 | David Rivkin and John Carney
    Two weeks ago, a unanimous Supreme Court rebuffed the Securities and Exchange Commission Gabelli v. SEC. The SEC maintained that its enforcement actions for fines under the Investment Advisers Act weren't subject to the five-year statute of limitations. This wasn't the first time the courts have pushed back a federal agency for overreaching. It won't be the last. But the SEC's audacity prompts a broader policy question: What good is accomplished by imposing monetary penalties on corporations, as the agency attempted to do in Gabelli? The answer is that when such penalties are sought by the government, they probably do...
  • Why Companies Aren't Getting the Employees They Need (companies deserve a lot of the blame too)

    03/14/2013 6:45:58 AM PDT · by SeekAndFind · 47 replies
    Wall Street Journal ^ | 03/14/2013 | PETER CAPPELLI
    Everybody's heard the complaints about recruiting lately. Even with unemployment hovering around 9%, companies are grousing that they can't find skilled workers, and filling a job can take months of hunting. Employers are quick to lay blame. Schools aren't giving kids the right kind of training. The government isn't letting in enough high-skill immigrants. The list goes on and on. But I believe that the real culprits are the employers themselves. With an abundance of workers to choose from, employers are demanding more of job candidates than ever before. They want prospective workers to be able to fill a role...
  • Dozens of big U.S. companies to back gay marriage

    03/05/2013 4:54:36 PM PST · by Lurking Libertarian · 126 replies
    Fortune ^ | February 26, 2013 | Roger Parloff
    On Thursday, dozens of American corporations, including Apple, Alcoa, Facebook, eBay, Intel, and Morgan Stanley will submit an amicus brief in the landmark Hollingsworth v. Perry case broadly arguing to the U.S. Supreme Court that laws banning same-sex marriages, like California's ballot initiative Proposition 8, are unconstitutional under the Due Process and Equal Protection Clauses. According to a draft copy obtained by Fortune, the companies argue that such laws "send an unmistakeable signal that same-sex couples are in some way inferior to opposite-sex couples, a proposition that is anathema to amici's commitment to equality and fair treatment to all." At...