Google pays $55 million tax in Britain on 2012 sales of $5 billion
LONDON (Reuters) – Google, which has been grilled twice in the past year by a UK parliamentary committee over its tax practices, had a UK tax bill of 35 million pounds ($55 million) in 2012, on sales of $4.9 billion to British customers, its accounts s…
Siemens’ new CEO riles labor reps with news of job cuts
MUNICH/FRANKFURT (Reuters) – Weekend news of 15,000 job cuts at Germany’s Siemens has put the German engineering group’s new chief executive, Joe Kaeser, on a collision course with workers’ representatives only two months after he took the helm.
Wall Street banks likely stung again by bad bond-trading quarter
NEW YORK (Reuters) – Wall Street banks have had another rough quarter in bond trading thanks to the U.S. Federal Reserve, and it might get worse before it gets better.
BP mulls long-term oil deal with Rosneft: sources
LONDON (Reuters) – BP is working on becoming the first oil major with a long-term deal to buy seaborne crude from Rosneft , trade sources said, after a number of trading houses this year secured large volumes from the Kremlin energy champion.
EADS, fearing exports will be poached, offers to help core buyers
SEVILLE, Spain (Reuters) – Europe’s Airbus pledged on Monday to help address financial difficulties faced by core European buyers of its A400M airlifter, as it tries to prevent some of the countries poaching its own exports by reselling aircraft they c…
Wal-Mart extends equity conversion date in India’s Cedar
MUMBAI (Reuters) – Wal-Mart Stores Inc’s India unit has sought an extension of its equity conversion date in Cedar Support Services, the parent firm of Bharti Retail, its joint venture partner in India.
BMW, Hyundai and Kia recall over 180,000 cars in China
BEIJING (Reuters) – BMW , Hyundai Motor Co and Hyundai’s affiliate Kia Motors Corp are recalling a total of 181,492 cars in China, the country’s quality watchdog said on Friday.
GSK sells thrombosis drugs to Aspen for $1 billion
LONDON (Reuters) – Britain’s biggest drugmaker GlaxoSmithKline agreed the 700 million pounds ($1.13 billion) sale of its thrombosis drug brands and a related factory to Aspen Pharmacare , as part of its strategy to focus on growth products.
Pharma industry should support China curbs on corruption: Sanofi CEO
MUMBAI (Reuters) – The pharmaceutical industry should support the Chinese government’s efforts to curb corruption, French drugmaker Sanofi’s Chief Executive Chris Viehbacher said on Monday.
SEC insider trading trial against Mark Cuban set to begin
(Reuters) – Mark Cuban, the billionaire owner of the Dallas Mavericks NBA basketball team, is set to go on trial on Monday to face civil charges that he committed insider trading in shares of a little-known internet search company nearly a decade ago.
