Over 400 students have registered for the 'Placement Fair, 2011' being organized by the Goa University in collaboration with The Times of India, on April 30. Careers in mining, pharma, BPOs and banking, in nearly 30 Goan as well as multinational companies, await students at the fair.
April 30, 2011
April 29, 2011
Baucus Targets Billions in U.S. Oil Tax Breaks as Gasoline Prices Increase
Senate Finance Committee Chairman Max Baucus, citing rising gasoline prices and corporate profits, said he will seek to repeal billions of dollars in tax breaks for multinational oil and gas companies.
Baucus, a Montana Democrat, released yesterday what he called a blueprint for legislation that his tax-writing committee will craft. The proposal, offered the day Exxon Mobil Corp. (XOM) reported its highest net income in almost three years, seeks to eliminate a manufacturing tax deduction, reduce a tax credit for royalties paid to other governments and impose an excise tax on “certain Gulf leases,” according to an e-mailed statement.
Baucus, a Montana Democrat, released yesterday what he called a blueprint for legislation that his tax-writing committee will craft. The proposal, offered the day Exxon Mobil Corp. (XOM) reported its highest net income in almost three years, seeks to eliminate a manufacturing tax deduction, reduce a tax credit for royalties paid to other governments and impose an excise tax on “certain Gulf leases,” according to an e-mailed statement.
April 28, 2011
XL Insurance Introduces XL WorldPath, a Set of Global Insurance Solutions for Multinational Companies
XL Insurance, the global insurance operations of XL Group plc (NYSE: XL), today announced XL WorldPath™, a set of global insurance solutions for North America-based multinational companies with cross-border insurance coverages to help address international legal, regulatory and tax compliance considerations.
April 27, 2011
Chief Executive visits multinational corporations
The Chief Executive, Mr Donald Tsang, visited two multinational corporations today ( April 27 ) to keep abreast of their businesses in Hong Kong and the job opportunities they bring to young people.
The tour started with Microsoft Hong Kong Limited in Cyberport. Accompanied by the Director-General of Invest Hong Kong, Mr Simon Galpin, the Chief Executive was briefed on the company's operations as well as the latest technological trends including cloud computing technology.
The tour started with Microsoft Hong Kong Limited in Cyberport. Accompanied by the Director-General of Invest Hong Kong, Mr Simon Galpin, the Chief Executive was briefed on the company's operations as well as the latest technological trends including cloud computing technology.
April 24, 2011
MNCs eye emerging markets worth 45% global GDP over a decade
Business in fast growing markets like India has become a priority for multinational firms, as the developing world is expected to produce nearly one billion households with earning more than $ 20,000 in next 15 years.
According to global management consultancy McKinsey & Co, "creating a powerful emerging-market strategy" has moved to the top of the growth agendas of many multinational companies.
According to global management consultancy McKinsey & Co, "creating a powerful emerging-market strategy" has moved to the top of the growth agendas of many multinational companies.
April 22, 2011
Tax managers propose FBR to amend transfer pricing laws
Officials have suggested the Federal Board of Revenue (FBR) to amend the income tax laws on transfer pricing to check tax avoidance by multinational through manipulation of profits.
If applied, the change will bind a company to provide a certified accountant report for every international transaction.
If applied, the change will bind a company to provide a certified accountant report for every international transaction.
April 21, 2011
Government Finally Shows What We Already Know - Shipping Jobs Overseas is a Big Problem!
The BEA is finally giving us some interesting data in this BEA economic release, Summary Estimates for Multinational Companies: Employment, Sales, and Capital Expenditures for 2009. Their statistics show U.S. multinationals fired more Americans than those abroad during this recession, even while some of these companies were bailed out by U.S. taxpayers. Additionally, these same corporations clearly have been offshore outsourcing jobs over the last decade.
April 19, 2011
US multinational companies hiring abroad
Major American multinational companies which employ a fifth of all US workers are hiring people overseas, a US daily has said, adding that this report would sharpen the debate over globalization's effects on the country's economy.
April 18, 2011
Huawei: slowly turning multinational?
As Huawei edges closer to Ericsson as the world’s biggest maker of telecommunications equipment, it is also taking steps towards becoming the first true Chinese multinational.
On Monday the group announced a number of measures aimed at addressing foreign criticisms of its alleged lack of transparency. Though Huawei won’t turn into General Electric overnight, the moves are likely to help the group’s standing abroad.
On Monday the group announced a number of measures aimed at addressing foreign criticisms of its alleged lack of transparency. Though Huawei won’t turn into General Electric overnight, the moves are likely to help the group’s standing abroad.
April 17, 2011
Corporate Tax Hurdles: A World of Difference
Back in September 2008, during a presidential debate, Republican candidate John McCain declared: "American business pays the second-highest business taxes in the world, [at] 35%." Democrat Barack Obama, countered that, while on paper corporate taxes look high, "there are so many loopholes that have been written into the tax code that…we actually see our businesses pay effectively one of the lowest rates in the world."
April 16, 2011
Mining firm under fire over tax payments in Zambia
Five NGOs have filed a complaint to the Organisation for Economic Co-operation and Development (OECD) against a subsidiary of Glencore, the world's largest commodity trader, over allegations that a mine it owns in Zambia may not be paying enough tax on its profits.
The organisations – the Centre for Trade Policy and Development (CTPD), in Zambia; Sherpa, a Paris-based non-profit organisation; Berne Declaration, a Swiss-based NGO; Mining Watch Canada; and L'Entraide Missionaire, also based in Canada – believe the operations of Mopani Copper Mines, in which Glencore has a 73% stake, may be at odds with OECD guidelines for multinational companies.
The organisations – the Centre for Trade Policy and Development (CTPD), in Zambia; Sherpa, a Paris-based non-profit organisation; Berne Declaration, a Swiss-based NGO; Mining Watch Canada; and L'Entraide Missionaire, also based in Canada – believe the operations of Mopani Copper Mines, in which Glencore has a 73% stake, may be at odds with OECD guidelines for multinational companies.
April 15, 2011
Translation Excellence Provides Certified Translations of Financial Statements for Multinational Companies
Translation Excellence is a translation and interpretation agency with headquarters in Denver, Colorado. Translation Excellence offers comprehensive language services for companies, individuals and government agencies across the United States and has years of experience in providing only the highest quality end products to clients.
One of the many services that are provided by Translation Excellence is the certified translations of financial statements for multinational and international companies. Translation Excellence has certified translators who are able to provide top quality written translations in over 135 different languages.
One of the many services that are provided by Translation Excellence is the certified translations of financial statements for multinational and international companies. Translation Excellence has certified translators who are able to provide top quality written translations in over 135 different languages.
April 13, 2011
Expect 20-25% return in BASF: SP Tulsian
Expect 20-25% return in BASF, says SP Tulsian, sptulsian.com.
Tulsian told CNBC-TV18, "BASF is a multinational company. In the last couple of years the company has diversified its product range and now the products are all used in the leather, textile, dispersion, plastics and agrochemical. Earlier the focus of the company used to be more on the agrochemicals and the larger portion of the topline used to come from that due to which we used to see two better quarters working that was for June and September. But now we have been seen the working spread evenly on all the four quarters and that is the reason the company has been showing consistent and improved performance in the last couple of years."
Tulsian told CNBC-TV18, "BASF is a multinational company. In the last couple of years the company has diversified its product range and now the products are all used in the leather, textile, dispersion, plastics and agrochemical. Earlier the focus of the company used to be more on the agrochemicals and the larger portion of the topline used to come from that due to which we used to see two better quarters working that was for June and September. But now we have been seen the working spread evenly on all the four quarters and that is the reason the company has been showing consistent and improved performance in the last couple of years."
April 12, 2011
Sony and Hotz settle hacking case
Sony has settled its lawsuit with an American hacker who unlocked the secure operating system on the PlayStation 3.
The company dropped its action against George Hotz, also known as Geohot, and secured an injunction that bans him from similar behaviour in future.
Mr Hotz, who is 21 years old, had been facing charges of copyright infringement and fraud.
The company dropped its action against George Hotz, also known as Geohot, and secured an injunction that bans him from similar behaviour in future.
Mr Hotz, who is 21 years old, had been facing charges of copyright infringement and fraud.
April 09, 2011
Facebook shares green data centre technology
Facebook has announced that it will share the design secrets behind its new energy-efficient data centre with rival companies.
The social network's facility in Prineville, Oregon is said to use 38% less power than existing centres.
It hopes, by making the innovations public, to cut the amount of electricity the industry consumes.
The social network's facility in Prineville, Oregon is said to use 38% less power than existing centres.
It hopes, by making the innovations public, to cut the amount of electricity the industry consumes.
April 07, 2011
Apple wins $625m Mirror Worlds patents appeal
A judge has thrown out a ruling that would have forced Apple to pay $625m (£383m) for alleged patent infringements.
A jury decided last year that Apple's Spotlight, Time Machine and Cover Flow systems violated three patents held by small technology firm Mirror Worlds.
A jury decided last year that Apple's Spotlight, Time Machine and Cover Flow systems violated three patents held by small technology firm Mirror Worlds.
April 06, 2011
Toyota Importer Warns that Shortage of Cars is Expected
Toyota Importer Warns that Shortage of Cars is Expected
Israel's importer of Toyota cars has warned its dealerships that car deliveries will be cut back and that the local market will see a shortage in May and June, Globes reports. Toyota manufactures cars after they have been orders, and the company's recent month-long shutdown could result in a shortage of some 2,000 cars – mostly Corolla models – even if the factory resumes full-scale production next week, as scheduled. Most Japanese car manufacturers shut down or cut back production after the catastrophic earthquake and tsunami that hit the country on March 11, resulting in an ongoing nuclear crisis, and other Israeli importers of Japanese vehicles have warned that the drop in production could result in shortages.
Israel's importer of Toyota cars has warned its dealerships that car deliveries will be cut back and that the local market will see a shortage in May and June, Globes reports. Toyota manufactures cars after they have been orders, and the company's recent month-long shutdown could result in a shortage of some 2,000 cars – mostly Corolla models – even if the factory resumes full-scale production next week, as scheduled. Most Japanese car manufacturers shut down or cut back production after the catastrophic earthquake and tsunami that hit the country on March 11, resulting in an ongoing nuclear crisis, and other Israeli importers of Japanese vehicles have warned that the drop in production could result in shortages.
April 05, 2011
Google goes shopping for patents
Google has made a $900m bid for the patent portfolio of Nortel Networks, the bankrupt Canadian telecom equipment maker.
The patents could help arm it against potential lawsuits aimed at its Chrome browser and Android mobile operating system.
Patents are becoming highly prized pieces of intellectual property.
The patents could help arm it against potential lawsuits aimed at its Chrome browser and Android mobile operating system.
Patents are becoming highly prized pieces of intellectual property.
April 04, 2011
PwC: Budget was good for businesses
CHANCELLOR George Osborne received a boost today, when a poll revealed that three quarters (74 per cent) of businesses believe that the Budget made the UK a more attractive place to do business.
Osborne pledged several increments of cuts in corporation tax as well as reforms to Controlled Foreign Company rules, in last month’s Budget.
Osborne pledged several increments of cuts in corporation tax as well as reforms to Controlled Foreign Company rules, in last month’s Budget.
Privacy group wants Google cash
A leading US privacy group has filed an objection to agreements Google has reached over its social network Buzz.
The Buzz experiment was heavily criticised because it automatically enrolled all Gmail users without seeking prior permission.
Legal action was taken by a group of Gmail users, with Google agreeing to set up a $8.5m (£5.2m) privacy fund.
The Buzz experiment was heavily criticised because it automatically enrolled all Gmail users without seeking prior permission.
Legal action was taken by a group of Gmail users, with Google agreeing to set up a $8.5m (£5.2m) privacy fund.
April 03, 2011
iPad 2 shortages delay paperless meetings
European companies, including at least one Swiss multinational, are being forced to delay a move to paperless board meetings because of the shortage of Apple’s recently launched iPad 2 tablet device .
Company secretaries in Europe and elsewhere quickly embraced the original iPad and a specialised iPad app called Boardbooks from Diligent, a New Zealand-based software developer, as a money and time-saving alternative to sending out bulky packages of board papers to directors each month.
Company secretaries in Europe and elsewhere quickly embraced the original iPad and a specialised iPad app called Boardbooks from Diligent, a New Zealand-based software developer, as a money and time-saving alternative to sending out bulky packages of board papers to directors each month.
April 01, 2011
Aviation company Chromalloy to expand in Palm Beach County, add 70 jobs
Add another multinational to the aviation services cluster in South Florida’s Palm Beach County.
Chromalloy, which provides coatings, repairs and replacement parts for gas turbine engines, announced plans to move its world headquarters to Palm Beach Gardens from Orangeburg, N.Y.
Chromalloy, which provides coatings, repairs and replacement parts for gas turbine engines, announced plans to move its world headquarters to Palm Beach Gardens from Orangeburg, N.Y.
Microsoft spends $7.5m on net addresses
Microsoft has offered to pay $7.5m (£4.7m) for net addresses from bankrupt telecoms firm Nortel.
The 666,624 IP version 4 (IPv4) net addresses were put up for auction as part of the sell-off of Nortel's assets.
Blocks of IPv4 are valuable because the pool of this generation of address is close to running dry.
The 666,624 IP version 4 (IPv4) net addresses were put up for auction as part of the sell-off of Nortel's assets.
Blocks of IPv4 are valuable because the pool of this generation of address is close to running dry.
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