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Tuesday, June 26, 2012

Reuters Money: Insight: Vodafone in new 1-billion-pound UK tax "scandal"

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06/26/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Insight: Vodafone in new 1-billion-pound UK tax "scandal"
LONDON (Reuters) - The world's largest mobile phone company, Vodafone Group, has shaved 1 billion pounds, and possibly more, off the taxes its UK operating unit might have paid in the past decade, thanks to accounting factors not seen at other European units.
Wall Street opens higher after sell-off; Europe eyed
NEW YORK (Reuters) - Stocks rose at the open on Tuesday, but caution prevailed as a Spanish bill auction met with falling demand and investors kept their focus on the euro zone debt crisis ahead of a summit later in the week.
Coke to boost India investment by $3 billion
NEW DELHI (Reuters) - Coca-Cola Co announced a further $3 billion in investment in India over the next eight years on Tuesday as the world's biggest soft drinks maker seeks to expand in a country where its flagship brand trails rival Pepsi.
British farms a better bet than gold
LONDON (Reuters) - The price of British farms will rise higher than any other class of real estate in Europe over the next four years driven by investors buying farmland to capitalize on growth in global demand for food and also to shield wealth and pay less tax.
Investors bet consumer stocks to follow Danone down
PARIS (Reuters) - Investors are betting European consumer-related stocks will fall further after a profit warning from food group Danone signaled a bigger-than-feared slide in spending in recession-plagued southern Europe.
Stockton, California to take up bankruptcy budget plan
STOCKTON, California (Reuters) - Stockton, California was poised on Tuesday to take a major step toward becoming the largest U.S. city ever to file for bankruptcy after talks with its creditors on Monday at midnight.
New bank theft software hits three continents: researchers
SAN FRANCISCO (Reuters) - A new wave of automated hacking of online bank accounts might have stolen $78 million in the past year from customers in Europe, Latin America and the United States, according to researchers who peered into the computers of the hacking gangs.
New home sales race to two-year high in May
WASHINGTON (Reuters) - New single-family home sales surged in May to a two-year high and prices rose from a year ago, further signs the housing market recovery was gaining some momentum.
Analysis: Money's retreat home threatens globalization
LONDON (Reuters) - The European banking shock and its aftermath have sent finance and investment running for home, a process that could hurt world growth, globalization and developing economies for years to come.
Sure things in the age of uncertainty
CHICAGO (Reuters) - If there was such a thing as a global financial uncertainty index, it would be soaring to a stratospheric level.
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