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Business news in brief

Posted: December 12, 2012 at 4:11 a.m.

QUOTE OF THE DAY “The bigger issue is that the weak global economy has been taking its toll on exports.” Paul Dales, senior U.S. economist at Capital Economics, on a rise in the U.S. trade deficit in October according to the U.S. Commerce Department even as U.S. imports dropped Article,1D

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Business, Pages 26 on 12/12/2012

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Google parks billions in tax-free Bermuda

A pedestrian passes Gordon House, the European headquarters of Google Inc. on Barrow Street in Dublin, Ireland, earlier this year. Google used its Irish subsidiary as part of a legal effort to avoid an estimated $2 billion in corporate taxes potentially due in various countries in 2011.

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