Establishing a tax domicile abroad to avoid U.S. taxes is a hot strategy in corporate America, but many companies that have done such "inversion" deals have failed to produce above-average returns for investors, a Reuters analysis has found.
Regions
Heinz to tighten supplier controls in China after infant food scare
U.S. foodmaker H.J. Heinz Co said on Tuesday it will tighten controls over ingredients suppliers in China after it was forced to recall some infant food products from Chinese store shelves due to excess levels of lead.
Sensata to buy Schrader as Europe adopts tire pressure sensors
Sensors and electrical controls maker Sensata Technologies Holding NV said it would buy Schrader International to meet growing demand for sensors to monitor car-tire pressure.
Apps put fitness fans through short, sharp workouts
Fitness buffs who can't make it to the gym but still want to exercise can turn to apps for a short, intense workout when they are pressed for time. The U.S. Centers for Disease Control recommend that adults do at least 150 minutes of moderate aerobic activity weekly. But recent studies suggest even short bouts of exercise can have positive health effects.
Web gaming firm Miniclip hires advisers for new sale attempt
One of the world's largest online games companies, Miniclip, has hired advisers to find a buyer after previous attempts to sell it fell through, according to several sources familiar with the firm.
Latest News
U.S. stocks advanced on Monday, with the Dow Industrials up roughly one percent, as the threat of an escalation of tensions in Ukraine appeared to wane and the latest flurry of merger action supported equities.
Wal-Mart Stores Inc reported a 2.8 percent rise in quarterly sales, helped by higher sales at its smaller-format stores, but U.S. same-store sales failed to show growth again.
The euro zone economy ground to a halt in the second quarter of the year, drained of vigour by contraction in Germany and stagnancy in France.
For nearly 10 years, Spanish internet company Let's Gowex SA said it was making money by providing public wi-fi in cities around the world. Most of the contracts, it now emerges, never existed.
The Kremlin's worst clash with the West since the 1991 collapse of the Soviet Union has accelerated the outflow of two of Russia's most prized assets: money and brains.
The four biggest U.S. brokerage firms are facing an exodus of employees who are finding they can make more money and save on taxes by taking their clients and starting an independent firm before they retire.
China's economy showed further signs of softening in July despite a burst of government stimulus measures, suggesting more policy support may be needed to keep growth on track as a property downturn worsens.
Amazon.com Inc (AMZN.O) unveiled a $10 credit-card reader and mobile app for brick-and-mortar businesses on Wednesday, marking the latest step by the U.S. online retailer to expand its presence in the physical world.
Search engine Google Inc and five Asian telecom and communications companies have agreed to invest about $300 million to develop and operate a trans-Pacific cable network connecting the United States to Japan.
