More cash to shairps shareholders. Sears shopping for buyers for its canadian unit. Eddie lampert making more changes to that retail empire and sony, negative results again. More record highs for the s p and dow despite the soft data. Will we see new highs today . Another acquisition for yahoo . Marissa mayer scoops up snap chat rival strategies by a thousand buys blink. Youll miss another one. Whatever that meant. I dont know what i just said. Alibaba liked it. First up, though, macys did report First Quarter earnings of 60 cents a share, Beat Estimates. Retailer says comp sales down 1. 6, hurt by the Winter Weather and macys earnings released Terry Lundgren says sales trends did improve in april when weather started to improve. Announcing a 25 Dividend Increase and boost in the share buyback. The story on m is margin control. Despite the decreasing comp held vndsers to the fire. Got operating margin, 7. 1, looking for 7, gross margin 38. 9. Thats in line. Did they squeeze toomey . I
The congress and the American People are making sure that we maintain our lead role in innovation. Todays budget, and this isnt a constrained environment, but we also have to continue to think of new ways to provide health care and research. Captain james lovell and chicago is the first of its kind for the partnership between the active military this was a rough marriage to bring together a manner of just blocks the great lakes hospital and the va hospital are destined to be closed. Its open and they merge together. The battles that we have fought between different cultures and active military versus the different unions, the different Computer Systems, i want to know if we have learned anything from that. During the course of this hearing. The Integrative Health record is long overdue and long overbudget. It is time for some questions to be asked about whether progress is being made. Finally the Budget Proposal is consolidating tricare as well as additional fees and copays especially
Like to look not just at the ten kwlooer. 2. 629. Japan, france 1. 76, italy 2. 9 and spain 2. 63 to put that in perspective as we look at our tenyear note. For europe, of course, many of which ive mentioned, it is decidedly negative there as well this morning. It was a relatively quiet night. Stocks in asia finished the day more or less mixed. Europe is in the red across the board. News pretty quiet, slow on the macro front. Although there were a number of headlines perhaps impacting things over there. Lets get back over here and start with our road map and it starts with amazon. Some bare knuckle negotiating tactics, its more than books. Why you cant preorder the lego movie on amazon. Com this morning. And whats at stake for time warner. Fresh highs, of course, have been set for the dow, but as you saw futures are sharply lower this morning eric cantor defeat perhaps weighing on the market . We will discuss that. Overseas profits getting attention. Overseas europe investigating tax p
Later, a live discussion on chinas incoming government and that nations growing international role. Well, the issue of an Internet Sales tax has reared up again and, in fact, the u. S. Congress and many states are looking at this issue, and thats our topic this week on the communicators. Now, we want to start off by talking with the chairman of the california state board of equalization, Jerome Horton. Mr. Horton, california has recently changed how it manages or its taxation policies when it comes to the internet, hasnt it . Guest yes, peter, it has. It broadened the definition of whats taxable in california to include online retailers who meet certain criteria. Host now, you said youve broadened. How was it before, and now who is included . Guest prior to the law, the sales tax didnt apply to companies that had affiliates and worked through various different groups here in the state of california. The law broadened the definition of who actually qualifies to include those individuals
It broadened the definition of what is taxable in california to include online retailers who meet certain criteria. Now, said you broadened. How was it before and now who is included . Prior to the law, the sales tax didnt apply to companies that had affiliates and worked through various different groups here in the state of california. The law broadened the definition of who actually qualities to include those individuals. So now online retailers who have affiliates in the state of california, who also have some form of brick and mortar either directly or indirectly working through other groups and in partnerships and so forth have next us in california by the definition of California Law and therefore required to collect and collect the use tax in the state of california. Companies that are now included would include amazon, best buy, and walmart that are making sales online. There are other criteria that you have to make 1 million, i believe, in total revenue and 10,000 a year to ca