Newspaper article International New York Times

Business: The Week Ahead

Newspaper article International New York Times

Business: The Week Ahead

Article excerpt

As compiled by the editors of the International New York Times.

European antitrust regulator to weigh in on tax breaks

Margrethe Vestager, the antitrust chief for the European Union, could announce decisions this week on whether member states including Ireland, Luxembourg and the Netherlands have offered tax breaks to multinational companies that amount to illegal state aid. The arrangements, known as tax rulings, have infuriated bigger member countries, which are concerned that they are losing tax revenue as a result of preferential deals offered by smaller states seeking a competitive edge for their economies. If Ms. Vestager does find illegal aid was extended, she could order national governments to recover the money from the corporations that received special treatment.

Flurry of earnings reports to be released by tech firms

Anyone who owns stock in technology companies will have a lot of report cards to sift through this week, as a half-dozen major players put out their earnings reports. From Microsoft, which reports on Thursday, investors will be looking closely at the performance of its Windows 10 operating system and changes in how the company reports its finances that could provide more clarity on its business. The growth of the cloud computing businesses at both Microsoft and Amazon, which also reports on Thursday, will attract a lot of attention for each of those companies, too. There will be progress reports from Yahoo, on Tuesday, and IBM, on Monday, on their respective efforts to transform their companies. On Wednesday, eBay reports its results for the first time since it split from its PayPal payment business. And investors will bid adieu to the final earnings report from Google on Thursday. Google's new parent company, Alphabet, will be the one issuing financial results in the future.

Credit Suisse to post results and give strategy update

Credit Suisse reports its third-quarter results on Wednesday as earnings season kicks off for Europe's largest banks. In addition, the Swiss bank is expected to provide an update to investors on its strategy as its new chief executive, Tidjane Thiam, puts his stamp on the lender. …

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