Tony Angelos

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The Average Big American Company Hasn't Paid The Statutory Tax Rate In Decades

The OECD estimates that U.S. corporations pay face an average statutory tax rate of 39%, the second highest rate in the developed world. This is based on a combination of the federal statutory rate and a weighted-average of state-level tax rates.<p>But thanks to various tax breaks and loopholes, …

Why “Gangnam Style” gave Psy’s father an 800% stock boost

So, there’s no reason this should have happened.<p>But shares of DI Corp., a South Korean company that makes testing equipment for the semiconductor industry, shot up last year. The reason? Perhaps, you say, a robust increase in the company’s earnings fundamentals, which was digested by the best and …

Investing

Protests over fast-food wages spread to retail workers

July 29, 2013 | 4:33 AM<p>Embed Code<iframe src="https://www.marketplace.org/2013/07/29/business/protests-over-fast-food-wages-spread-retail-workers/popout" frameborder="0" width="100%" height="240px"></iframe><p>Copy<br>• Close<p>Embed Code<iframe …

Fast Food

STOCKS FALL: Here's What You Need To Know

S&P 500

Bitcoins banned in Thailand

Thailand has become the first country to ban bitcoins after the central bank ruled it is not a currency.<p>In a <b>statement on its website</b>, Bitcoin Company Limited said it had given a presentation to the Bank of Thailand about how the currency works in a bid to operate in the country.<p>However, at the end …

Bitcoin

Heatwave pushes UK retail sales to July high

The balmy summer weather helped to give the high street a boost as customers enjoyed shopping in air-conditioned shopping centres for barbecue and …

Herbalife Surges On Earnings Beat As Uncle Carl Smiles, Ackman Squeeze Continues

It wasn’t a good Monday for hedge fund billionaire Bill Ackman. Herbalife, the nutritional supplements company he’s been shorting to the tune of $1 billion, posted strong second quarter numbers, including a top and bottom-line beat, and raised guidance. The stock, which is up big time this year, …

JP Morgan Accused Of Manipulating US Energy Markets Using 8 Different Trading Strategies

The bank's physical energy business is housed within JP Morgan Ventures Energy Corporation. Back in May, the New York Times reported that regulators warned the bank that it was being investigated for allegedly manipulating markets in Michigan and California.<p>According to the report, it was …

Renewable Energy

Japan Publishes Two Ugly Economic Reports

First was June household spending, which unexpectedly fell 0.4% year-over-year. Economists were looking for a 1.4% gain.<p>That was followed by June industrial production, which fell 3.3% month-over-month. Economists were looking for 1.5% decline.<p>Japan's Nikkei is up 0.4% early in the Tuesday trading …