Seventy-six U.S. corporations have shifted their tax domiciles out of the U. S.

Seventy-six U.S. corporations have shifted their tax domiciles out of the United States to other countries since 1983 to avoid U.S. taxes, with a sharp increase recently in such deals, a policy research arm of Congress said on Monday. Known as inversions, these transactions are still rare but are becoming more common and causing concern in […]


American Express Co has hindered price competition in the U.S. credit card market

American Express Co (AXP.N) has hindered price competition in the U.S. credit card market and prevented merchants and consumers from reaping cost savings, a lawyer for the U.S. government said on Monday during the first day of a trial in Brooklyn federal court. In an antitrust lawsuit, the U.S. Justice Department and 17 states have accused Amex of blocking credit card […]


Volkswagen is approved for two more plants in China

German carmaker Volkswagen has received approval from China’s National Development and Reform Commission (NDRC) to add two more factories in the country, two people close to the matter said on Sunday. The new plants are to be set up in the eastern Chinese cities of Tianjin and Qingdao, one of the people said on the […]

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Microsoft is seeking volunteers to test beta versions of its Office software

Microsoft is seeking volunteers to test beta versions of its Office software, potentially hinting that a new version for Android tablets is on the way. The company just posted a sign-up page where individuals and companies can register their interest in testing pre-release versions of Office. “Your feedback in these programs will be instrumental in […]


Monetary policy faces limitations as a tool to address financial stability risks

Monetary policy faces “significant limitations” as a tool to address financial stability risks, and would have caused major economic damage if it had been used to head off the U.S. housing bubble, Federal Reserve Chair Janet Yellen said on Wednesday. Weighing in a global central banking debate, Yellen reiterated her view that regulatory policy needs […]


High risk credit card processing

Precise Payment Solutions – Virtual Terminals for ACH and Credit Card Processing Precise Payments has a very secure and reliable multi-currency platform for credit card processing and automated check handling (ACH); available with market leading fraud minimization systems and premium support services for small or large businesses with or without processing experience. We deal with […]


U.S. private payrolls recorded their largest gain in a year

U.S. private payrolls recorded their largest gain in 1-1/2 years in June as businesses stepped up hiring, reinforcing views the economy has rebounded from its first-quarter slump. Private employers added 281,000 workers to payrolls, up from 179,000 in May, payrolls processor ADP said on Wednesday. June’s gains, which topped economists’ expectations for an increase of […]


Magento will pull the plug on Magento Go and ProStores

The two e-commerce platforms aimed at small to mid-sized online retailers will be discontinued on Feb. 1, 2015. Bigcommerce will transition Magento clients to its e-commerce platform for free.   Magento, the e-commerce platform of eBay Inc.’s e-commerce division eBay Enterprise, will discontinue two of its products geared toward small and mid-sized e-retailers, Magento announced […]


IT spending is expected to total an impressive $3.7 trillion in 2014

Although worldwide IT spending is expected to total an impressive $3.7 trillion in 2014–a 2.1 percent increase from last year–this grow rate is lower than earlier projections of 3.2 percent, according to a study by IT research firm Gartner. The devices market, which includes PCs, mobile phones, tablets and printers, is forecast to grow in […]


Google Inc’s Android software is coming to cars, televisions and watches this year

Google Inc’s (GOOGL.O) (GOOG.O) Android software is coming to cars, televisions and watches this year, as the Internet search giant races against Apple Inc (AAPL.O) and other tech companies to extend its business into a rapidly broadening field of Internet-connected devices. Google’s free Android software runs on more than three out of every four smartphones […]