Apple appeal against EU tax demand would break new ground
LONDON Apple CEO Tim Cook has said he will appeal the European Commission's ruling that his company received an unlawful 13 billion euro ($14.5 billion) subsidy when Ireland gave it preferential tax deals and that he was confident the decision would be reversed. But over a dozen lawyers, including three advising companies on appeals, told Reuters it was impossible to predict how EU courts would rule in an area that has not been tested before. State aid cases have up until now centered o..>> view originalEurope|Caterpillar Considers Closing Belgian Site, Laying Off 2000
BRUSSELS รข€” U.S. heavy equipment maker Caterpillar said Friday it may close a Belgian manufacturing site and lay off about 2,000 workers, an announcement met with dismay and alarm by employees and the government.In a post on its corporate website, Caterpillar said that in line with its September 2015 global restructuring plan, it was considering shifting production of construction equipment now at its Gosselies site to Grenoble, France, and other facilities outside Europe."If this intention w..>> view originalUber's Didi Deal Under Antitrust Investigation in China
SHANGHAI, Sept 2 (Reuters) – China’s commerce ministry is investigating the planned acquisition by ride-hailing firm Didi Chuxing of U.S. rival Uber Technologies Inc’s China unit over anti-monopoly concerns, the ministry’s spokesman said on Friday. Shen Danyang told reporters the Ministry of Commerce would look to protect fair market competition and consumer interests in the deal, which will create a roughly $35 billion giant dominating China’s car-hailing market. A representative for Uber co..>> view originalWal-Mart to Cut 7000 Back-Office Store Jobs
Updated Sept. 1, 2016 1:50 p.m. ET Wal-Mart Stores Inc. WMT 1.96 % plans to cut thousands of back-office positions around the country, a sign that the retailer’s effort to make its cavernous stores more efficient is also changing the face of its workforce. The largest private employer in the U.S. is eliminating about 7,000 store accounting and invoicing positions over the next several months. The jobs are mostly held by long-term employees, often some of the highest paid..>> view originalHere's Why Shares of Lululemon Are in a Low Lunge
Lululemon Athletica has had a stellar run on the stock market in 2016. But the yoga and running gear maker couldn’t extend the gains on Thursday, after outlook targets that were a bit softer than Wall Street expected. For much of this year, Lululemon lulu had been a star performer within the athletic gear space, a subcategory of apparel that has benefited from the “athleisure” trend that Lululemon helped popularize. Through Thursday’s closing price, the stock had soared 46% year-to-date—..>> view originalIn Shakeup, Most Greek TV Stations Set to Lose Licenses
In a major shakeup for Greek broadcasting, only two of the country's seven private TV stations have survived a landmark license auction that raised 246 million euros ($275 million) for the cash strapped left-wing government. The results were announced Friday after TV executives from eight rival candidate companies were kept in isolation at a government building for some 65 hours during the sequential bidding. Broadcasters Skai and Antenna won two of the four licenses, the others going to tw..>> view originalPrivate payrolls rise, home sales jump
The resource you are looking for is not available. If you arrived at this page by following a link on another website, please start at the Home Page and look for the information you desire from there. If you reached this page after clicking a link within the Fiji Times Online, the resource you are looking for may no longer be available. All Fiji Times content is retained on this site for fourteen days, after which you may find it at NewsText. If you believe the resource you were trying to reach..>> view originalClinton unveils plan to stop price-gouging on old drugs
Democratic presidential candidate Hillary Clinton. (AP Photo/Matt Rourke) Hillary Clinton has been quick to criticize drug companies that raise the prices of old drugs to boost their profit margins, calling the EpiPen price hikes "outrageous" and accusing embattled pharmaceutical executive Martin Shkreli of "price gouging" on a decades-old anti-parasitic drug. On Friday morning, Clinton's campaign unveiled her plan to prevent companies from exploiting these kinds of older drugs, using measu..>> view originalUS Firms Take Action Against Hanjin Shipping As Half Its Fleet Gets Blocked
Roughly half of Hanjin Shipping’s container vessels have been blocked from ports since the South Korean firm’s collapse, putting manufacturers and their customers increasingly on edge about the fate of cargo and spikes in freight costs. Woes for world’s seventh-largest container shipper have only deepened since its banks withdrew support and it filed for court receivership this week. One vessel has also been seized by a creditor in Singapore while firms in the U.S. have launched legal action ag..>> view original
Friday, September 2, 2016
Apple appeal against EU tax demand would break new ground and other top stories.
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