Word: caterpillar
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...impact of the Marks & Spencer case is likely to be wider and far more costly. Even pending the final ruling, dozens of big companies including BT Group, French bank BNP Paribas and U.S. machinery firm Caterpillar have filed for tax relief in Britain using the same criteria as Marks & Spencer. "This potentially opens the floodgates for claims over the past six years," says Michael Hardwick, a corporate tax partner at Linklaters in London. Simon Whitehead of solicitors Dorsey & Whitney, which is representing Marks & Spencer, says that 70 multinational firms have already signed up for a group action that...
George Bush's critics think of his reading list as a spindly thing--the Bible, the box scores and The Very Hungry Caterpillar, his favorite choice to read to school kids. So there will be chuckles of disbelief when his detractors hear that one of his latest passions is Natan Sharansky's The Case for Democracy and that when it comes to approval from the intelligentsia, the President is more needy than he lets on. Written by an Israeli Cabinet minister and former Soviet dissident, the book argues that true security in the Middle East and the world can come...
Besides, the weak dollar is a big factor in the revived manufacturing sector. After some lean years, exports are picking up, and factory profits are on a roll. In the third quarter alone, equipment maker Caterpillar attributed $102 million of sales largely to the benefits of a falling dollar. General Motors is opening new Cadillac dealerships in Europe. "The drop in the value of the dollar certainly helps," says James Taylor, Cadillac manager in Detroit. Other U.S. multinationals are reaping windfalls too, converting overseas revenues into the weak dollar and getting more of them...
...committees also voted down a shareholder proposal for Caterpillar to evaluate whether it complied with its code of conduct for worldwide business when it sold—directly or indirectly—its equipment to the Israeli Defense Force. The equipment was subsequently used to destroy Palestinian homes in the Gaza Strip and the West Bank. Gray said that other groups that vote on proxies look to Harvard for its rationale when they vote...
Somerville’s pension fund has shares in United Technologies, Caterpillar, Boeing and other corporations that provide Israel with defense equipment...