Friday, October 31, 2014

Starbucks Sales Lag Behind Estimates on U.S. Breakfast Battle - Bloomberg

Starbucks Sales Lag Behind Estimates on U.S. Breakfast Battle - Bloomberg: "Starbucks has been introducing new food and drinks to draw diners later in the day while competitors are pushing more breakfast fare. McDonald’s Corp. (MCD) is advertising white-chocolate lattes and has been giving away free coffees, while Dunkin’ Donuts recently brought back its spicy smoked-sausage sandwich. Starbucks, which also has been strengthening its mobile application, yesterday said it would add delivery in “select markets” in the second half of 2015.

“The environment is getting competitive,” said Asit Sharma, a Raleigh, North Carolina-based analyst at the Motley Fool, who recommends buying the shares. Still, “they’ve got a long lead in mobile -- any of their competitors now to catch up is going to require a lot of capital investments.”

Same-store sales in Starbucks’ Americas region gained 5 percent in the quarter, trailing the average estimate for a 6.2 percent increase, according to Consensus Metrix."

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Apple warns it may have to pay Irish back-tax

Apple warns it may have to pay Irish back-tax: "Apple has warned shareholders it may have to pay a material amount of back-tax to Ireland if the European Commission’s inquiry into its arrangements in the Republic finds they constituted state aid.
The company has further warned shareholders that a ruling against Ireland could mean the company would have to pay more tax on its profits in future years.
It is normal for public companies in the US to warn shareholders of so-called “risk factors” that could have a material effect on their results.
No figures for the possible size of any such repercussions are given. However the latest annual return for Apple, filed recently with the Securities and Exchange Commission in Washington, DC, makes clear the enormous role played by Ireland in the multinational’s global structures."

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Wednesday, October 29, 2014

Germany issues warning over ‘patent boxes’ tax subsidy

Germany issues warning over ‘patent boxes’ tax subsidy: "Germany has warned that corporate tax subsidy arrangements known as “patent boxes” are acceptable in the European Union only as a reward for research and investment by companies in member states, not as a new tax-avoidance tool.
It comes as the Minister for Enterprise and Innovation Richard Bruton said US multinationals plan to advise the Government on what should be in the proposed “knowledge box” tax scheme.
Speaking on a five-day US trade mission, Mr Bruton said he had received “very positive feedback” on the budgetary changes in meetings with US companies in Boston on Monday and the Washington DC area yesterday."

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Monday, October 27, 2014

Global warming has doubled risk of harsh winters in Eurasia, research finds | Environment | The Guardian

Global warming has doubled risk of harsh winters in Eurasia, research finds | Environment | The Guardian: "The risk of severe winters in Europe and northern Asia has been doubled by global warming, according to new research. The counter-intuitive finding is the result of climate change melting the Arctic ice cap and causing new wind patterns that push freezing air and snow southwards.

Severe winters over the last decade have been associated with those years in which the melting of Arctic sea ice was greatest. But the new work is the most comprehensive computer modelling study to date and indicates the frozen winters are being caused by climate change, not simply by natural variations in weather.

“The origin of frequent Eurasian severe winters is global warming,” said Prof Masato Mori, at the University of Tokyo, who led the new research. Climate change is heating the Arctic much faster than lower latitudes and the discovery that the chances of severe winters has already doubled shows that the impacts of global warming are not only a future threat. Melting Arctic ice has also been implicated in recent wet summers in the UK."

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