News

Tax

OECD Takes Aim at Multinational Tax Shelters

A proposed tax overhaul would allow a country to tax the profits of a company even though it does not have a "physical presence" there.
Strategy

U.S. Steel Divulges New Cost-Cutting Plan; CFO to Retire

The country's biggest steelmaker is planning a new operating model to cut costs.
Data Security

Twitter Says Personal Info Shared with Advertisers

The company said it did not know how many users were affected.
Capital Markets

Fed to Buy Treasuries to Ease Funding Strains

The Fed's move to grow its balance sheet comes after last month's “unexpectedly intense volatility” in the funding markets.
Financial Performance

Domino’s Misses on Earnings, Launches Buyback

The pizza-delivery giant has been repurchasing shares as sales growth has slowed amid competition from third-party apps.
Global Business

U.S. Adds Chinese Startups to Trade Blacklist

Ahead of this week's trade talks between the two countries, the timing of the U.S. action "is going to be awkward for the Chinese."
Retirement Plans

GE Freezes Pensions to Reduce Deficit, Debt

“Returning GE to a position of strength has required us to make several difficult decisions, and today’s decision to freeze the pension is no exception."
Legal

U.S. Supreme Court Denies Amazon Bid to Block Worker Suit

Warehouse employees say they should be paid for time spent in security screenings.
Payments

PayPal Pulls Out of Facebook’s Crypto Project

The payments company was reportedly concerned Facebook had not done enough to address the regulatory backlash against the Libra plan.
Strategy

HP to Shed up to 9,000 Jobs in Restructuring

The company is regrouping as it faces a decline in the printing business that was once its biggest moneymaker.
Legal

New York Sues Student Loan Servicer

The state says one of the largest federal student loan servicers is mishandling debt forgiveness for public service workers.
Financial Performance

Costco Shares Drop on 4th Quarter Sales Miss

The stock had risen 42% this year as the warehouse retailer benefited from strong consumer spending.
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