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August, 31, 2016

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Business
Apple hit by record 13 bil. euro tax bill
The European Union on Tuesday ordered Apple to pay a record 13 billion euros in back taxes in Ireland, saying deals allowing the U.S. tech giant to pay almost no tax were illegal.
 
Taipei-based game developer XPEC Entertainment Inc. (樂陞科技) is considering taking legal action against Japan-controlled Bai Chi Gan Tou Digital Entertainment Co (百尺竿頭數位娛樂), after the latter made a last-minute announcement to withdraw from an agreement to purchase a controlling stake.
 
Asian, Vegas investors bet big on Sin City's Chinese tourism
Sin City and Asian investors are going all in on Chinese tourism, as some of Las Vegas' latest developments on and off the Strip target Chinese nationals and Chinese-Americans.
 
Europe's main stock markets pushed upward on Tuesday, mirroring gains elsewhere, but London was somewhat subdued after a long holiday weekend, dealers said.
 
Farmers' overtime bill heads to California governor
Four decades after he signed the nation's first law giving farmworkers collective bargaining rights, California Governor Jerry Brown will again consider a historic proposal calling for farmworkers to receive the same overtime pay as other hourly workers, after the Assembly approved legislation Monday to phase in the change.
 
About 210,000 owners of Volkswagens with 2-liter diesel engines that cheat on emissions tests have registered to settle with the company under the terms of a June court agreement.
 
Foot Locker looking to play up the store experience
Start with the shoes but move on from there. That's the plan at Foot Locker Inc., long known for its sneakers, which is reorganizing its stores to further highlight top brands, designating areas to showcase trends, and adding more displays of full sports gear to encourage broader shopping.
 
Apple on Monday sent out invitations to a "special event" on Sept. 7 in San Francisco, where it is expected to unveil a new iPhone model.
 
Oil prices edged up in Asia on Tuesday, a day after retreating on a stronger U.S. dollar, but worries about a global supply glut are keeping gains in check ahead of a key producers' meeting next month.
 
Google executive David Drummond left the Uber board of directors Monday as competition revs up between the companies over self-driving cars.
 
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