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Mark Cuban: Investment is Impacted Little by Tax Rate

Potential presidential candidate and billionaire entrepreneur Mark Cuban has said that a cut in the corporate tax rate in the U.S. would have little or no effect on his decisions to invest. Measures before both...

Amazon Sells Cloud Assets in China Due to New Rules

Amazon.com is selling its hardware from its China based public cloud business amidst the tightening of regulations over data online that has created a big roadblock for tech firms that operate in the second...

J.C. Penny Becomes Retail’s Bright Spot

J.C. Penny delivered encouraging news this week as it posted a strong rise in its sales at comparable stores. That reversed four consecutive quarters of declines. The department store chain posted a loss that...

Panera Will Buy Au Bon Pain, CEO Resigning

Panera Bread has agreed to buy Au Bon Pain, the café restaurant co-founded by Panera Ron Shaich, the current Panera CEO, over 35 years ago. Both Panera and Au Bon Pain are fast-casual restaurants popular...

Toyota Overall Profit Boosted by Yen, Outlook in U.S. Not Good

Toyota Motor Corp. has upgraded its forecast of operating profit for the full year by 8% as it believes the yen will weaken, but it gave a poor outlook for sales in North America,...

Amazon’s Jeff Bezos Sells Over $1 Billion in Stock

Amazon founder and CEO Jeff Bezos has been named the richest person in the world, but the vast majority of his extraordinary wealth, now estimated at more than $95 billion, is in Amazon.com stock. What...

Alibaba Increases Forecast for Sales Following Strong Results

Alibaba Group Holdings raised its overall outlook for revenue growth for the full year after posting sales that beat Wall Street estimates boosted by advertisers who invested more to lure in shoppers. The biggest e-commerce...

Pfizer Sales and Lower Charges Help Top Forecasts

Pfizer has doubled its profit for the third quarter, thanks to a combination of higher sales, lower one-off charges, and less spending on administration and production.The U.S. based drug maker eased past profit expectations...