Zara’s celebrity chic helps make its Spanish parent company, Inditex SA, the world’s biggest fashion retailer. Singer Taylor Swift, reality-television personality Kim Kardashian and Kate Middleton, Prince William’s wife, have all been spotted wearing the stylish, low-cost brand.
Hewlett-Packard Co. said accounting errors at Autonomy Corp. have led it to cut reported 2010 revenue at the software maker’s largest unit by 54 percent, adding fuel to a legal dispute over its purchase of Autonomy.
William Daley , President Barack Obama ’s new chief of staff, can defer the payment of capital gains taxes on his sale of almost $8.3 million of JPMorgan Chase & Co . shares, based on government ethics rules.
Ford Motor Co. , after earning $9.3 billion in the last two years, may make an accounting change this year to reflect confidence in its recovery, a move one tax expert said could boost its 2011 profit as much as $13 billion.
Iron Mountain Inc. and Equinix Inc., two technology companies seeking to convert to real estate investment trusts, rose after saying the U.S. Internal Revenue Service is proceeding with evaluating their eligibility.