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Starbucks Moving Europe Headquarters to London

On Wednesday, Starbucks Corp announced it was moving its headquarters for Europe from the Netherlands to London and would pay more tax in the United Kingdom due to the move. The largest coffee chain in the world has endured much criticism in Britain over its low contribution to taxes, since it was reported back in 2012 by a worldwide news agency that Starbucks told the tax authority in the UK it was loss making, while at the same time telling its investors that the subsidiary in Britain was profitable. After that report was released, Starbucks was... 
 

Zebra to Acquire Motorola Solutions’ Enterprise Company

On Tuesday, Zebra Technologies Corp announced it would acquire Motorola Solutions’ enterprise business for just over $3.45 billion, in a cash deal. The deal is a huge expansion for Zebra as the asset tracking and barcode printing company looks to make a stronger presence in logistics, transportation, manufacturing and retail, while expanding its reach geographically. CEO of Zebra Anders Gustafsson, in a prepared statement, said the acquisition would help to transform Zebra into a solutions provider that delivers great insights and intelligence... 
 

Retail Sales Increase in U.S. During March

In March, retail sales in the United States increased by their most since September of 2012 as people bought more clothing, garden supplies and cars helping the U.S. economy recover from severe weather that slowed the economy earlier in the year. The 1.1% increase exceeded the average estimates of analysts and has followed a gain of 0.7% in February that was more than originally reported. Figures from the Commerce Department showed analysts were calling for an increase of 0.9%. Sales not including at the gas station were the highest in four years. The... 
 

Fires in Valparaiso, Chile Destroy Hundreds of Homes

A huge out of control forest fire has killed two people while destroying over 500 homes in Valparaiso a port city in Chile. Authorities were evacuating thousands of residents from the port city to escape the deadly flames, which were fanned by strong gusty winds coming inland off the Pacific Ocean. Michelle Bachelet the President of Chile put the country’s army in charge of evacuating the city after declaring the entire city a disaster area. Valparaiso is located about 70 miles to the west of the country’s capital, Santiago. Many of the city’s... 
 

Stocks Drop Due to Jitters on Earnings

Investors pushed the stock market down for a second consecutive session on Friday. Investors are beginning to become anxious that a growth in earnings is beginning to falter. Bank stocks were dragged lower by JPMorgan Chase’s weaker results. Big drops in tech stocks that were once soaring pushed the tech heavy Nasdaq down for a third consecutive week. Stocks dropped from the opening bell on the news that big bank JPMorgan missed earnings estimates of analysts. Investors have been worried that certain technology stocks had been overvalued, dumped... 
 

Sebelius Resigning as Health Secretary

Kathleen Sebelius the Secretary of Health and Human Services is resigning following the overseeing of the botched launch of the signature healthcare reform law of President Barack Obama. An official from the White House confirmed on Thursday Sebelius was stepping down. The departure of Sebelius removes a big lightning rod for Obama critics as the president and nervous members of the Democratic Party attempt to retain U.S. Senate control in the midterm election in November. However, Republicans continue saying problems with the healthcare law are... 
 

Man Says He Killed 40 as Hit Man for Cartel

Jose Manuel Martinez visited relatives in Alabama after traveling from California last March. The trip was supposed to be a simple family vacation, but ended after Martinez shot an acquaintance who had allegedly insulted Martinez’s daughter. The brazen murder that included two shots to the head was carried out said Alabama prosecutors due to family honor. However, it came to light that it was not the first time Martinez had killed someone. Alabama authorities said Martinez, who currently has been charged with nine contract killings in areas of... 
 

More Moms Remaining at Home

New research indicates that more mothers are staying at home with their kids since the end of the recession. However, an increasing number say that is due primarily because they are unable to find work, according to data from the new study. Nearly 3 in 10 moms or 29% with children living with them that are less than 18 years of age are now stay at home mothers, said analysis from data supplied by the Census Bureau and researched by the Pew Research Center. The increase is 3% from 2008 during the recession and 6% higher than it was during 1999. The... 
 
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