Hewlett-Packard Company (NYSE:HPQ) is among the multinational corporations that are ‘trapped’ in Israel due to its high 15 percent dividend tax. Others are Intel Corporation (NASDAQ:INTC), Check Point Software (NASDAQ:CHKP), Motorola Solutions (NYSE:MSI), and Teva Pharmaceutical (NASDAQ:TEVA), which holds NIS 40 billion of the NIS 100 billion, according to Globes.
Investing Insights: Is Apple the Most Misunderstood Stock in the Market?
Intel Corporation, AT&T (NYSE:T), Google (NASDAQ:GOOG), and Microsoft (NASDAQ:MSFT) are backing a United States-led effort to prevent a United Nations agency from extending its powers to the Internet, which could increase costs for American corporations offering online services overseas, says a Wall Street Journal report.
JPMorgan Chase & Co.’s (NYSE:JPM) CIO division which was responsible for a minimum of $2 billion in losses on credit derivatives was valuing some of its trades at prices which differed from those of its investment bank, according to sources to Bloomberg, which also said that this oversight might have obscured by hundreds of millions of dollars the magnitude of the loss prior to its being disclosed on May 10.
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