On Thursday, Shares of Fiat Chrysler Automobiles NV (NYSE:FCAU), gained 2.24% to $13.93.
In relation to the various comments and opinions that are now circulating regarding the shift of the fiscal residence of Ferrari S.p.A. away from Italy, Fiat Chrysler Automobiles N.V. (“FCA”) confirms that the projected separation of Ferrari from FCA does not and will not entail a change in the tax residence of Ferrari. In fact, Ferrari will continue to be organized under Italian law and tax resident in Italy. Ferrari will pay Italian taxes on its income as all Italian tax resident corporations do recently.
The IPO and the subsequent distribution of shares to FCA shareholders will involve the parent company of Ferrari, which will be a Dutch incorporated entity. The projected structure is no different than the structure that is in place now, with FCA, a Dutch incorporated entity, being the parent company of Ferrari.
Fiat Chrysler Automobiles N.V., an automotive group, designs, engineers, manufactures, distributes, and sells vehicles and components. It offers passenger cars, light trucks, and light commercial vehicles under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram brand names, in addition to after-sales services and parts under the Mopar brand name.
Shares of Hain Celestial Group Inc (NASDAQ:HAIN), declined -1.29% to $66.60, during its last trading session.
Hain Celestial Group, proudly declared that nine of its teas–counting Sleepytime Herbal Tea, the all-time bestselling item in the Specialty Tea category–have received Non-GMO Project Verification. This declaration is the first step in an ongoing process through which the brand intends to achieve Non-GMO Project Verification for all of its bagged specialty teas.
Founded in Boulder, Colorado in 1969, Celestial Seasonings, Inc., was one of the pioneers of the burgeoning natural foods movement and first popularized herbal teas in North America. In recent years, the brand and its parent company, Hain Celestial, have been vocal supporters of “right to know on GMOs” initiatives around the country, counting California Proposition 37 and Colorado Proposition 105. More recently, Hain Celestial’s Founder and Chief Executive Officer, Irwin D. Simon, was among 125 business leaders as part of the Just Label It! Campaign who implored the Obama Administration to direct the U.S. Food and Drug Administration (FDA) to require food companies to label products that contain genetically modified organisms (commonly called GMOs).
The Hain Celestial Group, Inc., together with its auxiliaries, manufactures, markets, distributes, and sells organic and natural products in the United States, the United Kingdom, Canada, and Europe. Its grocery products comprise infant formula, rice, non-dairy beverages, frozen desserts, flour and baking mixes, breads, hot and cold cereals, pasta, condiments, cooking and culinary oils, granolas, granola and cereal bars, canned, chilled fresh, aseptic and instant soups, and greek-style yogurt, in addition to infant, toddler, and kids foods.
Finally, Oshkosh Corporation (NYSE:OSK), ended its last trade with -0.65% loss, and closed at $39.85.
Oshkosh Corporation, will issue its third quarter fiscal 2015 financial results on Thursday, July 30, 2015. The results will be discussed during a webcast that day starting at 9:00 a.m. ET. To access the webcast, investors should go to www.oshkoshcorporation.com at least 15 minutes preceding to the event. Slides for the webcast will be accessible on the website the morning of July 30.
Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. Its Access Equipment segment offers aerial work platforms and telehandlers used in construction, agricultural, industrial, institutional, and general maintenance applications.
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