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Top News: Business

Burger King may move to Canada over high U.S. corporate taxes

Miami - Fast food giant Burger King, headquartered in Miami, Florida, may be about to lose its corporate tan by moving to Canada to escape higher corporate taxes in the U.S. by acquiring Tim Hortons.

Op-Ed: Putin uses army to manipulate oil prices

Mariupol - Making him among perhaps the most cynical, if short-sighted, world leaders in history, Russia’s president is attacking and then withdrawing from Ukraine to drive oil prices up.

Can Groupon UK pull off its new revamp to inspire more browsing?

Earlier this week, on Tuesday, deal finder website Groupon relaunched its UK service so that it can reinvent itself as an "online marketplace," indirectly competing with eBay. But the question remains: can its new mission of attracting more users work?

Op-Ed: Hitler outpolled Putin

Moscow - Much has been reported recently about Russian President Vladimir Putin doing better in polls than President Barack Obama. But Hitler did far better.

Sears reports losing $574M; 9th straight quarterly loss

Hoffman Estates - Shares of Sears Holdings (SHLD) fell over 7 percent yesterday after reporting revenue losses and earnings that missed analyst forecasts. The stock closed the day at $33.38, which was down 2.57 points, and a trading loss for the day of 7.15 percent.

Op-Ed: News Corp forces destruction of its leaked accounts

Sydney - In a move which has surprised even regular News Corp critics, the company has forced Australian online journal Crikey to destroy copies of leaked information regarding News Corp newspaper financial reports.

Scottish nationalists accused of inflating oil reserves by 60%

Sir Ian Wood, the most prominent figure in the Scottish oil industry, has warned Alex Salmond's Scottish National Party is exaggerating North Sea oil reserves by up to 60 percent.

Weak loonie doesn't stop Canadians from shopping in U.S.

Apparently, many Canadians still prefer to shop in American stores even if it costs them a half-tank of gas to do it. The reasons relates to high Canadian taxes and more competitive U.S. retail pricing.

Standard Chartered fined $300 mn over laundering controls

New York - New York state's banking regulator Tuesday hit Standard Chartered Bank with a $300 million fine and restrictions on its dollar-clearing business for failing to detect possible money-laundering.

Op-Ed: Woes continue for suicidal SeaWorld as it eyes foreign markets

With shares of SeaWorld Entertainment, Inc. (SEAS) plunging nearly 34 percent, the decline of SeaWorld in just 19 months is not a surprise. Now the park is eyeing overseas partnerships.

Op-Ed: Russia to use Chinese credit cards

Moscow - Russia is planning to vastly increase the use of China UnionPay credit cards to compete with Visa and Master Card which provide almost all credit card services in Russia at present.

The Washington Post embeds Amazon 'Buy It Now' links in articles

Major US newspaper The Washington Post has begun embedding ‘Buy It Now’ buttons linking to e-retailer Amazon in online versions of articles appearing in its ‘Books’ section.

As Russia bans western foods other countries profit

Moscow - As Russia bans many food imports from the west in response to sanctions by the EU, the US, Australia and Canada, other countries are coming forward to take advantage of the situation for their own producers.

Glow-in-the-dark houseplants get venture backing

After raising more than $450,000 on Kickstarter, a start-up company making glow-in-the-dark houseplants attracts funding from a Silicon Valley venture capital firm. The plants will be marketed to consumers soon.

Vascular Biogenics bizarrely terminates IPO

The Israeli firm Vascular Biogenics has withdrawn its initial public offering (IPO) after six days of trading from NASDAQ.

Health insurers' revenues continues strong growth under Obamacare

New York - Wall Street is bullish on President Barack Obama as the "Obama stock market rally" continues its upward trajectory. The S&P 500 Health Care Index is at or near its all-time high and for good reason that can be summed in one word: Obamacare.

Al Gore sues Al Jazeera America over Current TV sale

Al Gore, former vice president under Bill Clinton and the Democratic presidential nominee who lost to George W. Bush in 2000, has filed suit against Al Jazeera America, the Middle East media company that purchased Current TV from him last year.

Europe records zero economic growth in second quarter

With 19,130,000 people out of work, Europe rather desperately needs economic growth. However, during the second quarter of 2014 there was none of that going on.

India’s foreign exchange reserves plunge by $573.5 million

Because of a significant drop in currency assets for the week ending on August 1, India’s foreign exchange reserves went down to $319.99 billion, according to data compiled by the Reserve Bank of India.
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