Wednesday, May 22, 2013
Using an unusual global tax structure, Apple Inc. has kept billions of dollars in profits in Irish subsidiaries to pay little or no taxes to any government, a U.S. Senate report on the company's offshore tax structure said on Monday.
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![]() | United Airlines put its 787 Dreamliner back in the air on Monday, with both the airline and Boeing hoping to put the plane's four-month grounding behind them.
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Actavis is buying Warner Chilcott in an all-stock deal valued at about US$8.5 billion that would create the third-biggest specialty pharmaceutical company in the U.S. market.
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Former World Bank President Robert Zoellick said Monday that Japan's economic drive needed accompanying structural reforms, voicing fear that recent growth could be just a “sugar high.”
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Shares in Japan's troubled electronics maker Sharp surged 13.22 percent Tuesday morning on a reported plan for a hefty asset sale, the day after rocketing 17 percent.
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Yahoo has agreed to pay US$1.1 billion to buy blogging forum Tumblr, ranking it in among the top 10 tech deals announced this year, according to research firm Dealogic. Here's a list of the top 10 tech mergers and acquisitions in 2013. Valuation is based on Dealogic's criteria and includes debt.
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British mobile phone giant Vodafone reported a 90-percent plunge in annual net profit on Tuesday after taking a vast impairment charge relating to businesses in debt-laden eurozone nations Italy and Spain.
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Mexican phone giant America Movil, owned by billionaire Carlos Slim, announced Monday that its U.S. unit reached a deal to acquire U.S. mobile phone company Start Wireless Group.
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Markets were fairly choppy Tuesday as investors were reluctant to push stock indexes up further ahead of a much-anticipated statement from U.S. Federal Reserve Chairman Ben Bernanke.
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