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Name | Symbol | Market | Type |
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Ericsson | NASDAQ:ERIC | NASDAQ | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.06 | 1.20% | 5.08 | 5.05 | 5.13 | 5.17 | 5.00 | 5.00 | 20,873,755 | 21:03:01 |
By Colleen McCain Nelson
President Barack Obama will meet Tuesday with executives from 10 companies that are investing in the United States, part of a White House push to highlight job creation and bring more investments to the U.S.
The round-table discussion will include a mix of U.S. and foreign-based companies that recently have announced plans to expand their presence in the U.S., administration officials said.
Participants in the meeting at the White House will include Ford Motor Co. and Swedish wireless network giant Ericsson, as well as Lufthansa Group, the largest airline group in Europe.
On Tuesday, Mr. Obama also will announce plans for a SelectUSA summit next year in Washington, the continuation of a three-year-old federal effort aimed at bringing job-creating investments to the U.S. while helping companies navigate the federal government.
In a conference call Monday with reporters, White House officials said companies are investing billions of dollars in the U.S., strengthening the economy and creating new jobs. Jeffrey Zients, director of the National Economic Council, said a productive and innovative workforce is spurring investment.
Tuesday's round table is a chance to discuss how to turn success stories into "force multipliers," Mr. Zients said.
The White House is launching its effort to underscore growth and job creation as polls continue to show persistent unease about the economy. And while the president is shining a spotlight on companies that are investing in the U.S., other corporations are establishing legal residency overseas in an effort to avoid paying U.S. taxes on repatriated earnings.
With hopes fading that this Congress will overhaul the corporate tax code, some companies are pursuing the tax benefits that come with an address abroad.
Democrats and Republicans have disagreed on how to address the problem of U.S. corporations keeping earnings overseas. On Monday, Jason Furman, chairman of the Council of Economic Advisers, said the business tax code is broken. Changing the tax code is key to making the U.S. a more attractive place to do business, he said.
Write to Colleen McCain Nelson at colleen.nelson@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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