Amazon.com price target raised to $310 from $260 at Benchmark Co. Benchmark Co. raised its price target for Amazon.com shares on expectations increasing digital sales and strong 3P sales could drive better than expected operating leverage in Q4 and 2013. The firm keeps a Buy rating on the stock.
Oppenheimer technology analysts hold an analyst/industry conference call Technology Analysts discuss Amazon's recently-held AWS re:Invent Conference, as well as implications for other cloud and software companies in the Technology sector, on an Analyst/Industry conference call to be held on November 17 at 9 am.
EU says Starbucks tax deal in Netherlands may be illegal state aid, WSJ says The European Union said the tax deal struck by Starbucks (SBUX) in the Netherlands amounts to illegal state aid, reports the Wall Street Journal. European Commission regulators said it reached a preliminary view that the tax deal violated guidelines produced by the Organization for Economic Cooperation and Development. It said the tax deal "tolerates questionable adjustments which allow Starbucks Manufacturing BV to lower the resulting corporate income tax basis in the Netherlands." The EU is also investigating tax arrangements of Apple (AAPL) in Ireland and Amazon (AMZN) and Fiat S.p.A. (FIATY) in Luxembourg. Reference Link