Financial site: Earnings, Trading and Finance

Caterpillar says compliant with tax laws after IRS claim

´╗┐Caterpillar Inc (CAT. N) said on Friday it was compliant with tax laws, a week after federal law enforcement officials raided three of the company's buildings in connection with a probe into the heavy machinery manufacturer's offshore tax practices. The Internal Revenue Service (IRS) has challenged the company's taxes for the years 2007-2012, the company said in a statement on Friday.

"We disagree with the IRS' position, have cooperated for requests for information," Caterpillar said.

A New York Times article on Tuesday said a report commissioned by the United States government accused the company of carrying out tax and accounting fraud. (

Wall Street ends up after jobs report; but down for week NEW YORK U.S. stocks rose on Friday after a solid jobs report pointed to strength in the domestic economy and supported expectations the Federal Reserve will raise interest rates next week.

Strong U.S. job growth, rising wages set stage for Fed rate hike WASHINGTON U.S. employers hired workers at a robust pace in February, beating expectations, and wages grinded higher, which could give the Federal Reserve the green light to raise interest rates next week despite slowing economic growth.

Wanda's $1 billion deal to buy Hollywood's Dick Clark scrapped Eldridge Industries, the U.S. owner of Dick Clark Productions Inc, said on Friday that one of its affiliates terminated an agreement to sell off the TV production company to Chinese conglomerate Dalian Wanda Group.

Neiman Marcus says exploring alternatives, including sale

´╗┐Luxury fashion retailer Neiman Marcus Group Ltd LLC [NMRCUS. UL] said on Tuesday it was exploring strategic alternatives, including a sale of the company. The move, which comes about two months after the company pulled its IPO, highlights the struggles faced by department store operators as they look to reduce costs amid sliding sales.

Neiman Marcus also reported a 6.1 percent drop in second-quarter revenue as issues in its new merchandising and distribution system forced the company to take additional markdowns.

The retailer has hired investment bank Lazard Ltd (LAZ. N) to explore ways to bolster its balance sheet as it seeks relief from $4.9 billion in debt, Reuters reported this month.

Nissan boosts management presence at Mitsubishi Motors TOKYO Mitsubishi Motors Corp on Tuesday said an additional four Nissan executives would join its management team as Nissan tightens its control over the smaller, struggling automaker in which it took a controlling stake last year.

Euronet Worldwide trumps Ant Financial's offer to buy MoneyGram U.S. electronics payments processor Euronet Worldwide Inc offered to buy U.S. money-transfer company MoneyGram International Inc for more than $1 billion, trumping a bid by Ant Financial Services Group, the payment affiliate of China's Alibaba Group Holding Ltd.

Air Methods agrees to be taken private in $2.5 billion deal U.S. medical helicopter company Air Methods Corp , which has been under pressure from activist investor Voce Capital to sell itself, agreed to be acquired by private equity firm American Securities LLC in a $2.5 billion deal, including debt.