Here’s What’s Going on in Finance Today…
Have Starbucks and Fiat been benefiting from illegal tax breaks? Yes, according to the European Union, as they have ordered two European governments to collect back taxes from both companies. Although the amount is not damaging, and the decision can be appealed, thousands of tax structures across Europe may be at risk. Get the whole story in the link below or click here.
Mergers and Acquisitions are in the air as Western Digital buys SanDisk for $19 Billion. WD has been wrestling with disk drives as data center equipment has converted to flash memory, while SD a leader in flash memory chips that are incorporated into mobile devices. Read the details through the link below, or click here.
CFO.com provides the best coverage of accounting and finance on a global scale. The information in CFO articles has details and insights you won’t find anywhere else on the web. Get your finance information from the top executives that you can trust, it’s all here at CFO. Here’s today’s roundup…
VMware Posts Higher Profit, But Bookings Weak
VMware shares were pummeled after a mixed earnings report and the announcement of a new joint venture.
Excel Tip: Illustrate the Flow
Draw an arrow to visually illustrate that two cells are connected.
>> Bill Jelen
EU Finds Tax Breaks for Starbucks, Fiat Illegal
The unprecedented decisions could spell trouble for other multinationals that have made deals with European governments as part of tax avoidance strategies.
Law Preserves Self-Funding as an Option for Many Companies
But firms in New York and California with 51 to 100 employees may not be as lucky.
>> David McCann
Western Digital Buys SanDisk for $19 Billion
The deal positions the No. 1 disk drive maker to move into the flash-memory market amid weak growth in its core business.
China Business Travel Spend to Outpace U.S.
A report predicts China will become the largest business travel market in the world next year, passing a significant milestone.
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