Mylan surges as its generic of Teva’s Copaxone gets FDA nod
(Reuters) – Shares of Mylan NV jumped about 17 percent in premarket trading on Wednesday after the U.S. Food and Drug Administration approved the drugmaker’s copycat version of Teva Pharmaceutical Industries Ltd’s blockbuster multiple sclerosis drug.
Offshore rig firms see end to worst downturn in history
OSLO (Reuters) – Demand for offshore rig rental globally is starting to recover from its worst ever downturn, led by oil firms’ growing demand for harsh-environment exploration and triggering multi-billion dollar tie-ups among drillers hoping to profit…
EU takes Ireland to court for not claiming Apple tax windfall
BRUSSELS (Reuters) – The European Commission said on Wednesday it was taking Ireland to the European Court of Justice for its failure to recover up to 13 billion euros ($15.3 billion) of tax due from Apple Inc , a move labeled as “regrettable” by Dubli…
Pay Luxembourg 250 million euros in tax, EU orders Amazon
BRUSSELS (Reuters) – The European Union ordered the world’s largest online retailer Amazon on Wednesday to pay back about 250 million euros ($294 million) in taxes to Luxembourg, saying it was given an unfair tax advantage from 2003.
Bain files for China antitrust approval on $18 billion Toshiba chips deal: source
HONG KONG/TOKYO (Reuters) – The Bain Capital-led consortium that bought Toshiba’s chip unit for $18 billion last week has filed for antitrust approval in China, a source familiar with the matter said, but it may have to wait nine months or more for a g…
EU takes Ireland to EU court over 13 billion euro Apple tax bill
BRUSSELS (Reuters) – The European Commission said on Wednesday it was taking Ireland to the European Court of Justice for its failure to recover up to 13 billion euros ($15.3 billion) of tax due from Apple Inc .
Spanish tensions bar Europe from global stocks party
LONDON (Reuters) – Global stock markets hit a record high on Wednesday with investors in exuberant mood in the United States overnight and in Asia, but sentiment in Europe was soured by a political crisis gathering steam in Spain.
Bain Capital says to meet media on Thursday to discuss Toshiba chip deal
TOKYO (Reuters) – U.S. buyout firm Bain Capital, which leads a consortium that last week signed an $18 billion deal with Toshiba Corp to buy its chip unit, said it will hold a news conference at 3 pm JST (0600 GMT) on Thursday to discuss the deal.
Warren Buffett, Larry Fink criticize Trump tax plan
WASHINGTON (Reuters) – President Donald Trump’s tax reform plan came under new criticism on Tuesday from two towering Wall Street figures, including billionaire investor Warren Buffett, who called into question a Republican drive to slash the U.S. corp…
Commerzbank, other banks join UBS and IBM trade finance blockchain
NEW YORK (Reuters) – Commerzbank AG, Bank of Montreal, Erste Group Bank AG and CaixaBank SA have joined an initiative launched by UBS Group AG and IBM Corp aimed at building blockchain-based technology to support trade finance transactions.
