More Top Stories in Business

Cal Thomas: Apple vs the European Union -- What everyone knows about corporations and taxes

Economics was not one of my favorite subjects in college, so I avoided economic courses. But I do know a few things about human nature. If you tax income at too high a rate, corporations will look elsewhere for relief. Take Ireland. In 1991, Apple Corporation cut a deal with the Irish government so ... · 2 hours ago

Hanjin Shipping's collapse has manufacturers scrambling as cargo in doubt

* Hanjin ships unable to dock at S.Korea's largest port * LG Elec cancelling orders with Hanjin, seeking alternatives * Freight rates set to rise on Hanjin collapse (Recasts and writes through with freight rate forecasts, order cancellations) By Hyunjoo Jin and Se Young Lee SEOUL, Sept 1 (Reuters) - ...

Yahoo! Finance · 3 hours ago

Oil Prices Inch Up but Concerns About Glut Remain

The WSJ Dollar Index was last down 0.1% at 86.94. A weaker dollar usually helps oil prices rise because oil transactions are U.S. dollar denominated, and buyers with other currencies will get more oil for their spending. On the New York Mercantile Exchange, light, sweet crude futures for delivery in ... · 3 hours ago

Elon Musk Faces Cash Squeeze at Tesla, SolarCity

Tesla Motors Inc., which makes electric cars, disclosed in a securities filing Wednesday that it has to pay $422 million to its bondholders in the third quarter, and that it will raise additional money by the end of the year. The purpose of the additional capital, among other things, is to support ... · 5 hours ago

Oil prices rebound on weaker dollar, supportive China manufacturing data

By Keith Wallis SINGAPORE (Reuters) - Oil prices rose in Asian trade on Thursday as the U.S. dollar weakened, rebounding from a more than 3 percent drop in the previous session following surprisingly large builds in U.S. crude and distillate stockpiles last week. An unexpected boost in China's ...

Yahoo! Finance · 1 hour ago

ZEEL sells Ten Sports channel to Sony Pictures for $385 million

Media firm Zee Entertainment Enterprise (ZEEL) has sold its sports channel Ten Sports to Sony Pictures Networks for a $385-million (about R2,579 crore) all- cash deal. Media firm Zee Entertainment Enterprise (ZEEL) has sold its sports channel Ten Sports to Sony Pictures Networks for a $385-million ...

Financial Express · 5 hours ago

10 cement cos fined Rs 6,700cr for cartelisation

NEW DELHI: The Competition Commission of India (CCI) on Wednesday imposed penalty of over Rs 6,700 crore on 10 cement companies including ACC, Lafarge, Ultratech, Jayprakash Associates, Binani and their trade association the Cement Manufacturers Association (CMA) on charges of cartelisation in the ...

Times of India · 5 hours ago

SolarCity advisor Lazard made mistake in deal with Tesla

By Liana B. Baker (Reuters) - Lazard Ltd, the investment bank that advised SolarCity Corp on its $2.6 billion sale to Tesla Motors Inc, made an error in its analysis that discounted the value of the U.S. solar energy company by $400 million, a regulatory filing by Tesla showed on Wednesday. While ...

Yahoo! Finance · 6 hours ago

Oil Gains as Saudis See Steady Output After U.S. Stockpiles Rise

Oil rose after dropping the most in a month as Saudi Arabia said it won’t boost output to capacity and flood a market that’s contending with a global inventory overhang of crude and fuel supplies. Futures rose as much as 0.7 percent in New York after falling 6.2 percent the previous three ...

Bloomberg · 48 minutes ago

China Factory Activity Unexpectedly Expands in August

BEIJING — Activity in China's manufacturing sector picked up unexpectedly in August but gains were modest, an official survey showed on Thursday, suggesting the world's second-largest economy is steadying but still sluggish. The better-than-expected reading may reinforce growing views among ...

New York Times · 1 hour ago