The nation’s commercial banks and savings institutions reported a 13% rise in net income in the third quarter, hitting a record as institutions’ profits soared and expenses moderated.
Read the Full Article: Source – Wall Street Journal
Time For Truth: (Wall Street Journal) – U.S. Banks Report Record Profit in Third Quarter
The EU is taking a tough line on net neutrality.
The Body of European Regulators for Electronic Communications (Berec) – which represents all the EU’s communications regulators – has finally published guidelines clarifying how telecom companies should treat the data they handle, months after a law concerning the matter was published.
Read the Full Article: Source – 10 News
Time For Truth: (10 News) – EU's net neutrality guidelines get published
The European Commission ruled on Tuesday that “selective treatment” by Ireland allowed Apple to pay a tax rate of one percent on EU profits in 2003 down to 0.005 percent in 2014. The US company has been ordered to pay up to €13 billion to cover the unpaid tax.
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Stocks keep reaching new heights, and investors keep giving them the side eye.
Even as the Standard & Poor’s 500 index was setting a string of records through July, nearly as many dollars were leaving stock funds as entering. Investors are still skeptical of a market that hurt them so painfully during the 2008 financial crisis.
Read the Full Article: Source – CBS News
Time For Truth: (CBS News) – Stocks keep going up, and investors keep saying no thanks
The Queen could be in line for a 6.5 per cent increase in her taxpayer-funded income to £45.6 million – amounting to a 47 per cent increase in the space of just five years.
Rising profits for the Crown Estate – on which Her Majesty’s income is calculated – mean that she will receive £42.8m in the current financial year, up from £40.1m last year.
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