The Buckle to open in Niles mall in 2012

The Buckle to open in Niles mall in 2012

NILES

Eastwood Mall will add a new tenant next summer.

The Buckle, a retailer of casual apparel, footwear and accessories for men and women, will open up a 5,000-square-foot store in mid-2012.

It will be located in the J.C. Penney concourse next to Forever 21.

The Buckle Inc. currently operates more than 400 stores in 41 states.

Plan: Lower taxes on offshore profits

WASHINGTON

The House’s top tax-writer proposed Wednesday exempting from taxes 95 percent of the profits that American companies earn overseas.

House Ways and Means Committee Chairman David Camp, R-Mich., said he would tax the remaining profits at just 5 percent. That is well below the current top corporate tax rate of 35 percent that applies when companies bring their profits back home, making his proposal a major victory for U.S.-based multinational firms.

Camp’s plan is part of his drive to reshape the overall tax code. He also wants to lower the top corporate and personal tax rates to 25 percent, down from the current maximum of 35 percent.

Google buys 27 companies in 3Q

SAN FRANCISCO

Google spent more than $500 million to acquire 27 more companies during the third quarter, the busiest shopping spree in the Internet search leader’s history.

The latest flurry of deals raised Google’s acquisition count to 57 companies through the first nine months of the year. That already exceeds Google Inc.’s previous annual record of 48 acquisitions reached last year.

The company, which is based in Mountain View, Calif., updated its list of purchases in a quarterly report filed Wednesday.

Google’s prized catch from July through September was the Zagat Survey, a renowned publisher of restaurant reviews that started in the 1970s.

Google disclosed Wednesday for the first time that it paid $151 million for Zagat.

Vindicator staff/wire reports