EU tax probes on Apple, Amazon, Starbucks at advanced stage: European Commission
BRUSSELS (Reuters) – EU regulators’ investigations into the low tax arrangements of Apple , Starbucks and Amazon in some member states are at an advanced stage and decisions could be announced in the coming months, a senior European Commission official…
New York AG questions eBay, PayPal on revised user agreements
(Reuters) – New York law enforcement officials have written to eBay Inc and PayPal Inc this week, saying the companies’ revised user policies “raise issues” under consumer protection laws.
Founder Chip Wilson looking at sale of entire Lululemon stake
TORONTO (Reuters) – Chip Wilson, who founded Lululemon Athletica Inc and left its board earlier this year after disagreements with fellow directors, is now looking to potentially sell his family’s estimated $1.3 billion stake in the yogawear maker.
Fashion brand Bally back on growth path, says CEO
MONACO (Reuters) – Bally, the long-struggling Swiss leather goods maker, is back in growth mode after years of stagnant sales, buoyed by more contemporary designs and solid demand from Japanese and U.S. buyers, its chief executive said.
VW sales chief’s job on the line as carmaker reorganizes: sources
BERLIN/HAMBURG (Reuters) – Volkswagen group sales chief Christian Klingler, an aide of ousted chairman Ferdinand Piech, could lose his job as part of a reorganization by the carmaker intended to boost profits, company sources said.
EU opens investigation into Amazon’s e-book business
BRUSSELS (Reuters) – The European Commission opened a formal antitrust investigation into Amazon’s e-book business on Thursday, opening yet another front in mounting EU scrutiny of America’s global tech giants.
U.S. import prices rise as petroleum posts biggest gain since 2009
WASHINGTON (Reuters) – A surge in the cost of petroleum boosted U.S. import prices in May after 10 straight
U.S. retail sales jump in May, brighten growth outlook
WASHINGTON, June 11 (Reuters) – U.S. retail sales surged in May as households boosted purchases of automobiles and a range of other goods even as they paid a bit more for gasoline, the latest sign economic growth is finally gathering steam.
Oil falls on stronger dollar, persistent oversupply concerns
LONDON (Reuters) – Oil prices fell on Thursday due to a stronger dollar and a gloomy economic outlook from the World Bank, while a bullish report about global demand from the International Energy Agency (IEA) failed to dispel concerns about a supply gl…
‘Greek tragedy’ needs happy ending now: EU’s Moscovici
PARIS (Reuters) – A top EU official urged Greece on Thursday to step up efforts to come up with a list of reforms, saying that reaching a deal with its international lenders was possible but that work must be intensified in the coming days.
