Business Today: EU leaders shine spotlight on Amazon, Google over tax policy

		Click to View in Browser 05/22/2013 EU leaders shine spotlight on Amazon, Google over tax policy BRUSSELS (Reuters) - European leaders will discuss how to combat aggressive tax avoidance by major companies such as Amazon, Google and Apple at a summit on Wednesday, and cut the estimated 1 trillion euros a year the EU loses to tax evasion or avoidance. Futures up ahead of Bernanke testimony NEW YORK (Reuters) - Stock futures rose in thin trading on Wednesday, ahead of highly anticipated Congressional testimony by Federal Reserve Chairman Ben Bernanke on the economy and monetary policy. Target cuts full-year forecast after weak first quarter (Reuters) - Target Corp cut its full-year profit forecast on Wednesday while turning in a weak first quarter with disappointing sales, as a chilly start to spring kept shoppers from buying seasonal items like clothing. Too soon to dial back Fed stimulus: Dudley (Reuters) - It is too soon to determine whether to dial down the Federal Reserve's massive bond-buying program, and the economic picture may not be clear enough to make that decision for another three or four months, an influential U.S. central bank official said. Toll Brothers profit rises 46 percent (Reuters) - Toll Brothers Inc posted a 46 percent rise in quarterly profit as the largest U.S. luxury homebuilder sold more homes at higher prices, indicating that the housing recovery is spreading across the industry. Boeing plans to return 80 percent of free cash to shareholders (Reuters) - Boeing Co said on Wednesday that it plans to return about 80 percent of its free cash flow to shareholders through dividends and share buy-backs. Ireland feels the heat from Apple tax row DUBLIN (Reuters) - Ireland called on Wednesday for an international clampdown on multinationals shifting profits around the world to avoid tax, after criticism that Irish loopholes helped technology giant Apple to shrink its tax bill. Pfizer to spin off Zoetis stake to shareholders (Reuters) - Pfizer Inc said on Wednesday it will spin off its majority stake in animal health business Zoetis Inc to shareholders by allowing them to swap Pfizer stock for Zoetis stock at a 7 percent discount. Lowe's results miss estimates, underperforming Home Depot (Reuters) - Lowe's Cos Inc reported a weaker-than-expected quarterly profit on Wednesday, hurt by colder-than-usual weather at the start of the spring selling season and strong competition from larger rival Home Depot Inc . Kohl's names Starbucks' Gass chief customer officer (Reuters) - Kohl's Corp said on Wednesday that Michelle Gass, who was instrumental in Starbucks Corp's U.S. turnaround several years ago, will join the department store in the new position of chief customer officer. Related Video U.S. Morning Call: Sony can take a hint; Ford motors on Breakingviews: Markets too sanguine on QE threat Economic News Too soon to dial back Fed stimulus: Dudley Fed's Bullard recommends euro zone consider QE A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend