HP’s Lane Facing $100M Bill on Tax Shelter Denial

June 6 (Bloomberg) -- Ray Lane, former chairman of Hewlett- Packard and partner emeritus at venture-capital firm Kleiner Perkins Caufield & Byers, is in a dispute with the U.S. Internal Revenue Service that has left him with a $100 million tax bill. Jon Erlichman reports on Bloomberg Television's "Bloomberg West." (Source: Bloomberg)
European Earnings 'Looking Pretty Good': Macklow-Smith
17:28 - European companies' profit margins are improving as a result of the weakening euro over the past 12 months, combined with declines in oil and commodity prices, low interest rates and reforms initiated by companies over the past five years, according to Stephen Macklow-Smith, head of European equity strategy as JPMorgan Asset Management. He described the earnings season as "looking pretty good" in an interview with Manus Cranny on Bloomberg's "The Pulse." (Source: Bloomberg)
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