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StoneCo Stock Falls After Q4 Results: Here's Why
Monday, March 18, 2024 - 5:04pm | 263StoneCo Ltd. (NASDAQ:STNE) shares are falling after the company reported its fourth-quarter financial results after the bell Monday. Here's a look at the report. The Details: StoneCo reported quarterly sales of R$3.25 billion ($171.6 million), missing the R$3.42 billion estimate. The company said...
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Model Gigi Hadid Allegedly Arrested For Marijuana Possession In The Cayman Islands
Tuesday, July 18, 2023 - 4:28pm | 942Original story by Natalia Kesselman on El Planteo. This article reports what was shared by the local newspaper Cayman Marl Road and by The Independent. However, there is still no official confirmation of the facts. Neither government sources nor the model have confirmed the facts. Internationally...
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SEC Issues A Summons To Binance CEO Changpeng Zhao, Who Says He Is Not Bound For Court
Wednesday, June 7, 2023 - 4:55pm | 319Binance CEO Changpeng "CZ" Zhao said on Wednesday he is not required to attend court in person, responding to news about his summons linked to a lawsuit lodged by the U.S. Securities and Exchange Commission (SEC). CZ clarified this development was standard...
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Ireland to Close Tax Loopholes
Wednesday, October 16, 2013 - 7:43am | 613There’s some bad news coming out of Ireland. You’re not likely to feel too sorry for the victims of this news but its noteworthy for investors. Bloomberg reported that Ireland's Finance Minister Michael Noonan announced on Tuesday that he would take steps to plug a loophole that lets...
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Corruption In Chinese Companies on US Exchanges
Wednesday, July 31, 2013 - 1:29pm | 257Corruption is prevalent in the Chinese space and China Mobile Games and Entertainment Group (NASDAQ: CMGE) just gave investors another reason to be skeptical. Last week, the company announced it will sell 2,500,000 shares to two private equity firms for $10 a share. One of the funds, Zennon...
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Altera Battling the IRS
Tuesday, July 24, 2012 - 1:33pm | 328Chip-maker Altera (NASDAQ: ALTR) is fighting the IRS in U.S. Tax Court over how the company has handled employee stock-based compensation and one of its units in the Cayman Islands. According to Reuters, the issue at the center of the dispute is so-called "transfer pricing," or how companies...
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[Video] 60 Minutes - The World's Tax Havens
Sunday, August 14, 2011 - 10:11pm | 536This might be a repeat but an interesting video on 60 Minutes tonight, on the tax havens our corporations use to avoid that '35%' that is so oftly cited as a reason the U.S. is uncompetitive. Of course, that rate is mostly something small business - without armies of tax mavens - have to pay. 13...