Are there any fields Facebook doesn’t plan on taking over? Just a few months after announcing Facebook at Work, Marketplace, and Messenger chat bots, Facebook revealed its experimenting with a Jobs function. Should LinkedIn be worried? How exactly does a social media network figure to enter the recruiting space?
Read The Capitalist’s Take Here
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IRELAND TO FORMALLY APPEAL TAX BILL TO EU; DOES NOT WANT APPLE’S $14 BILLION
Irish Finance Minister Michael Noonan will on Wednesday take his fight over Apple Inc.’s record 13 billion-euro ($14.4 billion) tax bill to a European Union court, potentially triggering years of litigation. The nation will file its appeal against the European Commission’s decision to force Ireland to claw back alleged tax subsidies, in a case that will test the EU’s powers to use state aid law in what governments argue are national affairs..
Read More at Bloomberg Here
Read More at The Verge Here
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IN SURPRISE MOVE, INDIA SCRAPS 500 AND 1000 RUPEE BILLS TO FIGHT CORRUPTION
In a surprise announcement Tuesday night, Prime Minister Narendra Modi said India will replace its largest-denomination bank notes with newly designed ones, a move aimed at curbing corruption, thwarting counterfeiters and dredging up what could be billions of dollars of taxable income currently stashed in the underground economy..
Read More at Wall Street Journal Here
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– Tuesday, November 8th
Utilities Lead the Way as Stocks Close Higher Again
Big Insider Trades
– The Ultimate Software Group, Inc. (ULTI) Execs Sell a Combined $35m
– Liberty Global, Plc (LBTYA) CEO Michael Fries Buys $1m