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Google Business NewsJan 18, 2018
The Finance 202: Trump is eager to claim credit for Apple moves. But it's a bit more complicated. - Washington Post

Washington Post


THE TICKER. Apple CEO Tim Cook. (David Paul Morris/Bloomberg). President Trump took a bold announcement by Apple on Wednesday and made an even bolder claim about it. The electronics giant touted a massive new investment in the U.S. economy, pledging to
Apple is taking a page out of Amazon's playbook by teasing its new campusBusiness Insider
Apple, Capitalizing on New Tax Law, Plans to Bring Billions in Cash Back to USNew York Times
Apple to hire 20000, open new campus and pay $38 billion tax bill on overseas profitsUSA TODAY
Reuters -U.S. News & World Report


RELATED ARTICLES
President Trump is eager to claim credit for Apple's moves, but it's a bit more complicated. (Washington Post Business)

Reuters Company NewsJan 18, 2018
Apple's U.S. tax payment does not change EU's Irish tax ruling
BRUSSELS, Jan 18 (Reuters) - Apple's announcement that it will pay $38 billion in U.S. tax on its overseas cash will not reduce the $16 billion tax bill the company owes Ireland following a European Union ruling, the EU's executive said on Thursday.

Google Business NewsJan 18, 2018
BofA Profit Feels Tax Sting -- WSJ - Fox Business

USA TODAY


This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (January 18, 2018). Bank of America Corp. said a charge from the new U.S. tax law caused
BofA Has More to Trim to Reach Its $53 Billion Cost TargetBloomberg
Bank of America's shares fall after quarterly revenue misses expectationsCNBC
Bank of America's (BAC) CEO Brian Moynihan on Q4 2017 Results - Earnings Call TranscriptSeeking Alpha
USA TODAY -Charlotte Observer -


MarketWatch MarketPulseJan 18, 2018
Wyndham Worldwide to pay $1.95 billion for La Quinta's hotel business
Wyndham Worldwide Corp. said Thursday it will pay $1.95 billion in cash to buy La Quinta Holdings Inc.'s hotel franchise and management businesses. Under terms of the deal, La Quinta shareholders will receive $8.40 a share in cash, a total of about $1 billion, Wyndham will repay about $715 million in La Quinta debt and Wyndham will set aside $240 million in reserves for estimated taxes in connection with the spinoff of La Quinta's owned real estate assets. La Quinta's stock closed Wednesday at $19.45, giving the company a market capitalization of $2.28 billion. 'La Quinta will immediately become one of our flagship brands,' said Wyndham Chief Executive Geoff Ballotti. 'It is an exceptionally strong brand that is led by service-minded associates who deliver some of the highest customer engagement levels in our industry.' Wyndham and La Quinta shares were not active in premarket trade. La Quinta's stock has run up 35% over the past 12 months, while Wyndham shares have soared 52% and the S&P 500 has climbed 23%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



RELATED ARTICLES
Apple, Capitalizing on New Tax Law, Plans to Bring Billions in Cash Back to US - New York Times (Google Business News)

Google Business NewsJan 18, 2018
Morgan Stanley earnings: 84 cents per share, vs 77 cents EPS expected - CNBC

CNBC


Morgan Stanley posted fourth-quarter earnings and revenue on Thursday that beat analyst expectations, excluding a charge related to the tax bill, as strong results in wealth management offset a big drop in fixed income trading revenue. Here's how the
Morgan Stanley quarterly profit tanks; adjusted profit beats viewReuters
Morgan Stanley profit rise despite trading woesFinancial Times
Morgan Stanley (MS) Tops Q4 EPS by 7cStreetInsider.com
Benzinga -The Globe and Mail -BNN -


WSJ AsiaJan 18, 2018
Apple to Pay $38 Billion in Taxes on Cash Overseas, Build U.S. Campus
Apple said it would pay a one-time tax of $38 billion on its overseas cash holdings and ramp up spending in the U.S., as the world''s most valuable public company seeks to emphasize its contributions to the American economy after years of criticism for outsourcing manufacturing to China.

MarketWatch MarketPulseJan 18, 2018
Morgan Stanley shares climb after earnings top estimates
Morgan Stanley shares rose 1.3% premarket Thursday, after the bank's fourth-quarter earnings topped estimates. The bank said it had net income of $516 million, or 29 cents a share, in the quarter, down from $1.509 billion, or 81 cents a share, in the year-earlier period. Excluding a $990 million tax provision, the bank had EPS of 84 cents, ahead of the FactSet consensus of 64 cents. Revenue rose to $9.5 billion from $9.0 billion, also ahead of the FactSet consensus of $9.2 billion. 'We enter 2018 with strong momentum aided by rising interest rates, tax reform and an evolving regulatory framework,' Chief Executive James Gorman said in a statement. Institutional securities revenue edged down to $4.5 billion from $4.6 billion, as fixed income sales and trading fell. Investment banking revenue came to $1.4 billion, up from $1.3 billion as equity and debt underwriting rose. Sales and trading revenue fell to $2.7 billion from $3.2 billion. Wealth management revenue rose to $4.4 billion from $4.0 billion, while investment management revenue rose to $637 million from $500 million. Shares have gained 29% in the last 12 months, while the S&P 500 has gained 23%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Reuters BusinessJan 17, 2018
Bank of America net profit slumps on $2.9 billion tax charge, adjusted income beats
(Reuters) - Bank of America Corp's net profit nearly halved compared with a year earlier as it booked a $2.9 billion charge stemming from the new federal tax law although it beat analysts' estimates when adjusted for the charge.
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