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Stock Market & Financial Investment News

News Breaks
June 11, 2014
06:13 EDTAAPL, SBUX, FIATYEU opens tax investigation into Apple, Starbucks, Fiat
The European Commission said it has opened three investigations to examine whether decisions by tax authorities in Ireland, The Netherlands and Luxembourg with regard to the corporate income tax to be paid by Apple (AAPL), Starbucks (SBUX) and Fiat (FIATY), respectively, comply with the EU rules on state aid. "The opening of an in-depth investigation gives interested third parties, as well as the three Member States concerned, an opportunity to submit comments. It does not prejudge the outcome of the investigation," the agency said. Commission Vice President in charge of competition policy Joaquin Almunia said: "In the current context of tight public budgets, it is particularly important that large multinationals pay their fair share of taxes. Under the EU's state aid rules, national authorities cannot take measures allowing certain companies to pay less tax than they should if the tax rules of the Member State were applied in a fair and non-discriminatory way." Reference Link
News For AAPL;SBUX;FIATY From The Last 14 Days
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August 8, 2014
16:16 EDTAAPLU.S. judge rejects Apple, Google antitrust hiring accord, Bloomberg reports
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16:00 EDTAAPLOptions Update; August 8, 2014
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09:37 EDTAAPLActive equity options trading on open
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07:31 EDTAAPLChina refutes report of Apple product procurement ban, Re/code reports
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06:11 EDTSBUXOSI withdraws products made in Shanghai in response to food scandal
After dealing with a food scandal, OSI China, parent company of Shanghai Husi Food, announced the withdrawal of products produced in Shanghai. The company said, "Husi is the subject of company and government investigations and it is proceeding smoothly. While there have been no reported illnesses linked to any Shanghai Husi products, recovering this production is an important step in facilitating the investigations and rebuilding the respect and trust of our customers, the government and the people of China. With assistances and guidance provided by Shanghai FDA, we have started the recovery process of products in question in a comprehensive and orderly." Worldwide brands such Yum! Brands (YUM) McDonald's (MCD) and Starbucks (SBUX) were affected by the scandal in China. Reference Link
August 7, 2014
16:00 EDTAAPLOptions Update; August 7, 2014
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09:36 EDTAAPLActive equity options trading on open
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06:49 EDTFIATYMarchionne says no talks, but open to Canada investment proposal, Reuters says
Fiat (FIATY) Chrysler Group CEO Sergio Marchionne noted that the firm had not restarted discussions with Canadian officials regarding investments to help back an upgrade for the company's minivan facility in Windsor, but the car manufacturer would be open to hearing any offered pitch, according to Reuters, citing comments from Marchionne. Reference Link
06:43 EDTFIATYFiat CEO accuses 'overreaction' for sell-off shadowing deal, Reuters says
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06:43 EDTAAPLApple poaches YSL's Catherine Monier, 9to5Mac reports
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06:33 EDTFIATYAnti-trust investigations in China reignite protectionism worries, Reuters says
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06:19 EDTAAPLMicrosoft in talks to open Fifth Avenue store, Daily News reports
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August 6, 2014
16:01 EDTAAPLOptions Update; August 7, 2014
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13:50 EDTFIATYChina to punish Chrysler, Audi, Xinhua reports
China today announced that it would punish Fiat's (FIATY) Chrysler and Audi for "monopolistic practices," according to Xinhua. A government spokesman did not specify what the companies' punishments would be, the news service added. Reference Link
09:36 EDTAAPLActive equity options trading on open
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08:44 EDTAAPLApple products excluded from Chinese government procurement list, Bloomberg says
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06:55 EDTFIATYReport says Nissan, Chrysler, GM cars 'most hackable,' Reuters says
Computer security researchers found in a report set to be unveiled later this week that the "most hackable" cars out of the 20 that were examined were Chrysler's 2014 Jeep Cherokee, Nissan (NSANY) 2014 Infiniti Q50 and GM's (GM) 2015 Cadillac Escalade, according to Reuters, citing comments from Chrysler Group spokesman Eric Mayne. Chrysler is a unit of Fiat (FIATY). Reference Link
06:48 EDTFIATYNDRC penalizes Chrysler, Audi for breaching anti-monopoly rule, Reuters says
The National Development and Reform Commission said that it discovered Fiat's (FIATY) Chrysler in Shanghai and Volkswagen's (VLKAY) Audi (AUDVF) in Hubei to be involved in monopolistic tendencies and said it will punish those car manufactures as well as close to 10 Japanese spare-part makers for breaching the country's anti-monopoly rule, reported Reuters. Reference Link
06:20 EDTSBUXCredit Suisse to hold a conference
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06:09 EDTAAPLApple, Samsung to drop all litigation outside U.S., Re/code reports
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