Comments Off on Alcoa misses estimate as Brazil drought hits production
(Reuters) – Aluminum producer Alcoa Corp’s profit and revenue both missed market estimates for the fourth quarter as a drought in Brazil hit bauxite production and higher power prices in Spain boosted expenses, the company said on Wednesday.
Comments Off on Fed fines Taiwan’s Mega Bank $29 million for anti-money laundering failures
WASHINGTON (Reuters) – The U.S. Federal Reserve Board said on Wednesday it had fined Taiwan’s Mega International Commercial Bank Co. $29 million for anti-money laundering violations and required the company to improve its anti-money laundering oversight and controls.
Comments Off on Verizon says new U.S. tax law to increase 4th-qtr earnings
NEW YORK (Reuters) – Verizon Communications Inc said on Wednesday the tax overhaul bill signed into law by U.S. President Donald Trump late last year will result in a one-time reduction in net deferred income tax liabilities of about $16.8 billion.
Comments Off on Apple plans new U.S. campus, to pay $38 billion in foreign cash taxes
(Reuters) – Apple Inc will open a new campus as part of a 5-year, $30 billion U.S. investment plan and will make about $38 billion in one-time tax payments on its overseas cash, one of the largest corporate spending plans announced since the passage of a tax cut signed by U.S. President Donald Trump.
Comments Off on Valvoline to Report Financial Results for the First Quarter of Fiscal 2018 After Market-Close on Feb. 7 and Host a Webcast With Analysts and Investors at 9 a.m. ET on Feb. 8
LEXINGTON, Ky.–(BUSINESS WIRE)–Valvoline Inc. (NYSE: VVV), a leading worldwide supplier of premium branded lubricants and automotive services, today said it plans to report financial results for the first quarter of fiscal 2018 after market-close on Wednesday, Feb. 7, 2018, and to host a live audio webcast with analysts and investors the following morning at 9 a.m. ET. The webcast and slide presentation will be available on the company’s Investor Relations website at http://investors.valvolin