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Infosys to challenge latest tax demand of $105.3 million
ReutersBANGALORE (Reuters) - Infosys Ltd, India's No. 2 software services exporter, said on Monday it would challenge a 5.77 billion rupees ($105.3 million) income tax demand raised by Indian authorities earlier this month. The demand relates to certain tax...Tags: Personal Income
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Special Report: The Rise and Fall of China's Sun King
ReutersHONG KONG (Reuters) - In a 2010 speech before a packed ballroom of university students in Sydney, Shi Zhengrong, founder of Chinese solar-panel maker Suntech Power Holdings Co Ltd, listed the people who had been important in his rise to fame and riches....Tags: Students, Shareholders, European Debt Crisis, National Government, Electronics
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Analysis: High speed trading a stiff challenge for U.S. regulators
ReutersCHICAGO (Reuters) - Financial trading in world markets has grown so lightning-fast that effective regulation is growing tougher by the second, increasing the threat of crashes sparked by hoaxes, electronic glitches or yet-unknown causes. The latest alarm...Tags: Dow Jones Industrial Average, U.S. Senate, Financial Markets, Media Industry, Personal Finance
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Can pricey software streamline U.S. Steel?
Pittsburgh Post-GazetteU.S. Steel is spending hundreds of millions of dollars installing powerful software intended to help it manage its business more efficiently, a project that began in 2007 and that chairman and CEO John P. Surma says won't be completed until 2016....Tags: Software Industry, Plant Openings, Shareholders, Computing and Information Technology Industry, Annual Reports
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Computer Sciences settles lawsuit over accounting for $97.5 mln
Reuters* Accounting issues raised over UK contract, Nordic region * Company reserved for settlement in last fiscal year May 16 (Reuters) - Computer Sciences Corp agreed to pay $97.5 million to settle a lawsuit accusing it of defrauding shareholders by hiding a...Tags: Pension and Welfare, Interior Policy, Shareholders, Computing and Information Technology Industry, Falls Church (Falls Church, Virginia)
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Computer Sciences settles lawsuit over accounting for $97.5 million
Reuters(Reuters) - Computer Sciences Corp agreed to pay $97.5 million (63.7 million pounds) to settle a lawsuit accusing it of defrauding shareholders by hiding a variety of accounting problems. The settlement averts a trial that had been scheduled to begin...Tags: Pension and Welfare, Interior Policy, Shareholders, Falls Church (Falls Church, Virginia), Computing and Information Technology Industry
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Empire State Building REIT closes in on investor approval
ReutersBy Ilaina Jonas NEW YORK, May 16 (Reuters) - A plan to roll the Empire State Building into a real estate investment trust is a whisker away from obtaining the necessary investor approval for a stock offering allowing the public to own a piece of the...Tags: Empire State Building, Real Estate Sellers, Elections
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Global accountants stick to plan for leases on balance sheets
ReutersLONDON/NEW YORK (Reuters) - Company balance sheets could swell by trillions of dollars under an international plan issued on Thursday by two accounting bodies to show more clearly the cost of leasing everything from photocopiers to property. If the...Tags: Ernst & Young, Standards, U.S. Chamber of Commerce, Marketing, Credit Ratings
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ANALYSIS-Discount employee stock plans offer outsiders trading tips
ReutersBy Tim McLaughlin BOSTON, May 15 (Reuters) - When investors unloaded their shares in Hewlett-Packard Co. last year, the computer giant's rank-and-file did the opposite. They bought nearly four times as much stock as they did in the previous year...Tags: Hewlett-Packard Co., Arizona State University, Computing and Information Technology Industry, S&P 500, Hologic Incorporated
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CORRECTED-More tax lobbyists working Washington's hallways
Reuters(Corrects 8th paragraph to make clear 6,500 is maximum number of tax lobbyists in 2011-2012; deletes paragraph 9 on lobbyists per lawmaker) By Nanette Byrnes May 15 (Reuters) - The ranks of lobbyists are growing in Washington again as Congress flirts...Tags: U.S. Senate, Ernst & Young, Barack Obama, Parties and Movements, Dave Camp
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Hedge funds get in and out of grocery chain Supervalu
ReutersBy Sam Forgione and Aaron Pressman NEW YORK, May 15 (Reuters) - Barry Rosentein's JANA Partners liked grocery chain Supervalu Inc in a big way in the first quarter, while Philippe Laffont's Coatue Management lost its stomach for the company's shares....Tags: Apple iPad, Computer Hardware, Leveraged Buyouts, American Express Company, Zynga Inc.
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More top hedge funds dropped Apple shares in first quarter
ReutersMay 15 (Reuters) - One-time hedge fund darling Apple Inc was dropped by more famous hedge fund managers in the first quarter, including John Griffin and Chase Coleman. Shares of Apple were down $17.91, or 4 percent, in trading on the Nasdaq on Wednesday....Tags: Finance, Mutual Funds, David Tepper
May 19, 2013
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May 17, 2013
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