News from the Financial Market
Exclusive: U.S. Air Force to move forward target date for F-35 use
WASHINGTON (Reuters) - The U.S. Air Force plans to start operational use of Lockheed Martin Corp.-built F-35 fighter jets in mid-2016, a year earlier than planned, using a similar software package as the Marine Corps, two sources familiar with the plans said on Monday.
Reuters - 2013-05-20 Read more
Apple's stateless subsidiaries lower tax bills: Senate report
WASHINGTON (Reuters) - Using an unusual global tax structure, Apple Inc has held billions of dollars in profits in Irish subsidiaries to pay little or no taxes to any government, a Senate report on the company's offshore tax structure concluded on Monday.
Reuters - 2013-05-20 Read more
Trade group SIFMA names ex-Senator Gregg as CEO
NEW YORK (Reuters) - SIFMA, the U.S. securities industry's largest trade group, named former Senator Judd Gregg as chief executive officer, in a move that may signal a desire to mend fences with ordinary Americans and U.S. Congress.
Reuters - 2013-05-20 Read more
FOREX-U.S. dollar retreats broadly on caution before Bernanke
* BOJ meeting, Bernanke's congressional testimony in focus
Reuters - 2013-05-20 Read more
REUTERS SUMMIT-Peru central bank may trim GDP view; sees US optimism
LIMA, May 20 (Reuters) - A weaker global economy and lower metals prices may lead Peru's central bank to trim its forecast for 2013 economic growth to as little as 5.9 percent from 6.3 percent,...
Reuters - 2013-05-20 Read more
Apple to argue for tax reform, defend tax practices on Tuesday
SAN FRANCISCO (Reuters) - Apple Inc will argue for comprehensive corporate tax reform when it goes before a Senate subcommittee on Tuesday, becoming the latest technology company to face questions over its offshore tax practices.
Reuters - 2013-05-20 Read more
FOREX-U.S. dollar weakens broadly as focus shifts to Bernanke
* BOJ meeting, Bernanke's congressional testimony in focus
Reuters - 2013-05-20 Read more
Mexico's peso firms sharply after Fed official comments
MEXICO CITY, May 20 (Reuters) - Mexico's peso firmed sharply on Monday, bouncing back from a more than three-week low, after a U.S. central bank official suggested the Federal Reserve has the...
Reuters - 2013-05-20 Read more
Bankia compensation qualms signal loss of faith in Spain's banks
MADRID (Reuters) - Many duped savers at Spanish lender Bankia are shunning a state-supervised compensation scheme in favor of expensive lawsuits, prolonging a mis-selling scandal and complicating efforts to restore faith in the banking system.
Reuters - 2013-05-20 Read more
GM gearing up for big ad push for crucial new pickups: executive
DETROIT (Reuters) - The launch of General Motors Co's redesigned Chevrolet Silverado, the most important since the automaker's bankruptcy and $50 billion taxpayer-funded bailout in 2009, is on track and advertising for its full-size trucks should begin in a few weeks, a top GM executive said on Monday.
Reuters - 2013-05-20 Read more