EU says Starbucks’ ‘very low’ Dutch tax deal may be illegal
BRUSSELS/LONDON (Reuters) – A tax deal the Netherlands cut with Starbucks Corp may be illegal state aid, European Union regulators said on Friday, part of a crackdown on members attracting investment by helping companies to avoid tax.
UK will hand fraud agency funds needed for forex probe: source
LONDON (Reuters) – Britain’s anti-fraud agency will get any extra funds it needs to pursue a criminal investigation into alleged rigging of the $5.3 trillion-a-day currency market, a finance ministry source said on Friday.
Former German Arcandor CEO gets three-year jail term
ESSEN Germany (Reuters) – Thomas Middelhoff, the former chief executive of defunct German retail group Arcandor, was sentenced by a German court on Friday to three years in prison for breach of fiduciary trust and tax evasion.
Airbus profits rise but A400M problems resurface
PARIS (Reuters) – Airbus Group reported a stronger-than-expected 12 percent rise in nine-month underlying operating profit on Friday, led by its planemaking and helicopter divisions, and reaffirmed its profit forecasts for the year.
Top 10 investment bank revenues rise in third quarter: survey
LONDON (Reuters) – Banks’ financial trading revenues rose in the third quarter thanks to an increase in market volatility, but the rise was not enough to offset the fall seen in the first half of the year, according to a new survey on Friday.
Enel looks to distribution, renewables for Latin American growth
SANTIAGO (Reuters) – Italian utility Enel SpA wants to simplify its Latin American operations and focus on electricity distribution and renewable energy as it increases investment in the region’s growing markets, its chief executive said on Thursday.
Takata says it is subject of U.S. criminal probe on air bags
TOKYO/DETROIT (Reuters) – Takata Corp is the subject of a U.S. criminal investigation over defective car air bags that have been linked to five deaths, and executives from the Japanese company and its major client Honda Motor Co Ltd are expected to fac…
U.S. judge upholds BP ‘gross negligence’ Gulf spill ruling
(Reuters) – A U.S. judge weighing how much BP Plc should be punished for the 2010 Gulf of Mexico oil spill on Thursday refused to overturn his own finding that the oil company’s conduct was “grossly negligent.”
Royal Bank of Scotland to exit U.S. mortgage business
(Reuters) – Royal Bank of Scotland Plc’s securities unit will now exit its U.S. mortgage trading business after originally planning to shrink it by two-thirds.
Takata says it is subject of U.S. criminal probe on air bags
TOKYO/DETROIT (Reuters) – Japan’s Takata Corp is the subject of a U.S. criminal investigation over defective car air bags that have been linked to five deaths, a company spokesman said on Thursday.
