EU’s Vestager says seeking details on Apple’s recent tax set-up
LISBON (Reuters) – EU regulators have asked iPhone maker Apple for details of its recent tax structure following last year’s order to pay back taxes of up to 13 billion euros ($15 billion) to Ireland, Europe’s anti-trust chief said on Tuesday.
Dow hits record high at market open
(Reuters) – The Dow hit a record high at the open on Tuesday while the S&P and the Nasdaq were hovering near record levels, as earnings season winds down and investor expectations shift to a much-awaited cut in corporate taxes.
Ackman’s Pershing Square loses ADP proxy battle
ROSELAND, N.J. (Reuters) – Activist hedge fund manager William Ackman lost his bid to win seats on the board of Automatic Data Processing Inc , according to a shareholder voting tally read at the payroll processor’s annual shareholder meeting.
Uber bullish on Africa despite opposition from local taxi firms
CAPE TOWN (Reuters) – Ride-hailing service Uber Technologies Inc. [UBER.UL] is growing rapidly in sub-Saharan Africa and considering moves into more markets, despite sometimes violent opposition from metered taxi drivers, a senior executive said on Tue…
Tesla buys automation equipment maker Perbix
(Reuters) – Electric car maker Tesla Inc said on Tuesday it agreed to buy privately held Perbix Machine Co Inc, which designs automated manufacturing equipment.
China plans easing foreign holding, partner choice for securities ventures – sources
HONG KONG (Reuters) – China plans to allow global banks to take a stake of up to 51 percent in their onshore securities ventures for the first time and tie up with local non-financial firms, people familiar with the matter said.
Uber, rival apps join forces in Brazil to stem tide of regulation
BRASILIA (Reuters) – Uber Technologies Inc [UBER.UL] has formed an unprecedented alliance in Brazil with other ride-hailing services, including its main local rival 99, to win public support to block regulation threatening the way they do business in a…
Sky falls as report of Disney-Fox talks increase deal uncertainty
LONDON (Reuters) – A report that Rupert Murdoch held talks about selling film and television assets to Walt Disney Co added another layer of uncertainty to his $14.5 billion bid to buy all of Britain’s Sky .
Toyota forecasts tough outlook for U.S. sales, yen boost to overall profit
TOKYO (Reuters) – Toyota Motor Corp upgraded its full-year operating profit forecast by 8 percent on expectations of a weaker yen but flagged a dour outlook for North America, its biggest market, where quarterly sales fell to the lowest in nearly thre…
One-year since Trump’s win, U.S. funds enjoy strong growth
LONDON (Reuters) – Assets managed by U.S.-based funds have grown substantially, led by equity funds, since Donald Trump won the U.S. presidential elections a year ago.
