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  • Energy may see further weakness as key names report
    Stock prices in the U.S. energy sector have been under pressure in 2015, and there could be more bad news to come when several key players report their fourth-quarter results next week. The group has been ...
  • Obama plans 19 percent tax on U.S. companies' foreign earnings
    President Barack Obama's fiscal 2016 budget proposes a 19 percent tax on U.S. companies future foreign earnings and a one-time 14 percent tax on roughly $2 trillion of profits being held offshore, the White House said on Sunday. The White House has long been critical of practices by U.S. companies that it views as avoiding tax responsibilities at home. The proposals are part of a broader tax reform package that the Obama administration hopes will re-focus tax advantages toward middle-income Americans. "This transition tax would mean that companies have to pay U.S. tax right now on the $2 trillion they already have overseas, rather than being able to delay paying any U.S. tax indefinitely," a White House official said.
  • Ford CFO says sees ongoing problems in Russia: Handelsblatt
    The finance chief of Ford Motor Co (F.N) expects ongoing problems in Russia where the decline of the rouble and the struggling economy was weighing on its market share, according to German newspaper Handelsblatt. Russia's currency and economic woes were cited last week by Ford as major reasons the company lowered expectations for its European business in 2015. Other carmakers have incurred losses and closed production plants in Russia for the same reason. "2015 does not look good," Ford's Chief Financial Officer Bob Shanks was quoted as saying about Russia in an interview to be published on Monday.

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