Tax Tangle
Infosys to challenge new tax demand
Infosys Ltd, India's No. 2 software services exporter, said on Monday it would challenge a 5.77 billion rupees income tax demand raised by Indian authorities earlier this month. Full Article
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Wall St in late selloff; S&P ekes out weekly gain
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NEW YORK |
NEW YORK (Reuters) - U.S. stocks fell in a late sell-off on Friday as Wal-Mart dropped following a report of a weak start to February sales, though the S&P just barely extended its streak of weekly gains to seven.
The Dow Jones industrial average was up 8.37 points, or 0.06 percent, at 13,981.76. The Standard & Poor's 500 Index was down 1.59 points, or 0.10 percent, at 1,519.79. The Nasdaq Composite Index was down 6.63 points, or 0.21 percent, at 3,192.03.
For the week, the Dow fell 0.1 percent while the S&P 500 rose 0.1 percent. The Nasdaq fell 0.1 percent. (Reporting By Angela Moon; Editing by Nick Zieminski)
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