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Asian stocks mixed on new worries over US recovery AP

AP – Asian stock markets were mixed Monday in light trading as a disappointing jobs report from the U.S. and concerns over bank lending and slackening growth in China sparked investor unease.
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AP

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US expects accelerating job creation Reuters

Chairman of the National Economic Council Lawrence Summers speaks at the PEW Financial Reform Project forum at the National Press Club in Washington, March 18, 2010. REUTERS/Larry Downing

Reuters – The Obama administration expects U.S. job creation to quicken but economic recovery has a long way to go despite improved trends, White House officials said on Sunday.
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Reuters

Read More US expects accelerating job creation
Reuters

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Give Us a Break The New Working Day and WorkLife Balance

We often hear reports of the costs to British industry of employee sick days, the implication being that we’re a nation of skivers. A new survey looking at individual working hours gives us a clue as to why so many people need to take to their beds every few months.
Three quarters of UK business people [...]

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Implications of New Interest Expense Rules for US Multinationals

Internal Revenue Code (“Code”) section 864(e), implemented through Temp. Treas. Reg. Sec. 1.861-11T, requires all members of a “domestic affiliated group” to be treated as one corporation for purposes of allocating interest expense between domestic and foreign source income. Therefore, by applying this rule, the foreign-source income derived from a foreign entity that incurs its [...]

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