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Friday, May 17, 2013

Business Today: Google's Schmidt to meet Britain's Cameron as tax row rages

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05/17/2013
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Google's Schmidt to meet Britain's Cameron as tax row rages
LONDON (Reuters) - Google Inc's Executive Chairman Eric Schmidt is due to meet British Prime Minister David Cameron on Monday as a participant of an advisory group just days after UK lawmakers lambasted the Internet company's tax affairs.
ECB to keep monetary policy loose for as long as needed
ORLEANS, France (Reuters) - The European Central Bank will keep its loose and growth-supportive monetary policy stance in place for "quite a long time", ECB executive board members said on Friday.
Stock futures rise ahead of UMich, leading indicators data
NEW YORK (Reuters) - Stock index futures rose on Friday, indicating the S&P 500 will rebound from its worst decline in nearly three weeks, keeping the index on track for its fourth straight weekly advance ahead of data on consumer sentiment.
Shares bounce off lows after talk of Fed QE exit
LONDON (Reuters) - European shares lifted off lows on Friday while the dollar held near a 10-month high against a basket of currencies as investors considered the prospect the Federal Reserve might begin easing off on asset buying.
Japan PM sets targets in latest growth strategy tranche
TOKYO (Reuters) - The latest tranche of Japan's growth strategy will aim to triple infrastructure exports and double farm exports by 2020, as well as boost private investment, Prime Minister Shinzo Abe said on Friday.
After Google, Amazon to be grilled on UK tax presence
LONDON (Reuters) - Internet retailer Amazon.com Inc. will be called back to the British parliament to clarify how its activities in the UK justify its low corporate income tax bill, two lawmakers told Reuters.
Rivals get longer to comment on Google EU antitrust offer: source
BRUSSELS (Reuters) - EU antitrust regulators have given some of Google's rivals more time to study its proposals to settle anti-competitive complaints, which could provide more leverage to pry further concessions from the Internet search giant.
European car sales end losing streak, respite may be brief
FRANKFURT/LONDON (Reuters) - Europe's ailing car market ended a streak of 18 straight months of falling sales, though a number of one-off factors suggested that a sustained recovery will be harder to achieve.
ABN AMRO cuts 400 jobs as prepares for eventual sale
AMSTERDAM (Reuters) - State-owned Dutch bank ABN AMRO is to cut 400 jobs, about 2 percent of its workforce, as it prepares for an eventual sale.
Dell's profit dives as billionaire battle rages on
SAN FRANCISCO (Reuters) - Dell Inc, the subject of a takeover battle between activist investor Carl Icahn and the company's billionaire founder, reported a 79 percent slide in profit as personal computer sales continued to shrink.
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