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MSNBC Business News
Apple Faces $14.5B Tax Bill After EU Investigation
Tue, 30 Aug 2016 11:40:00 GMT
The ruling is likely to anger Washington, which has accused Brussels of campaigning against U.S. corporate success stories.
Apple Dinged With $14.5B Tax Bill, Who's Next?
Tue, 30 Aug 2016 19:54:00 GMT
The $14.5 billion tax bill European Union served Apple today is putting the spotlight on what other companies are under scrutiny by the commission.
Want to Dethrone a Gawker? Startups Step Up
Tue, 30 Aug 2016 15:03:24 GMT
After Gawker's downfall, start-ups are bringing litigation finance to Main Street. The ramifications for investors and the legal system are huge.
Takata Truck Explodes, Kills Texas Woman
Mon, 29 Aug 2016 18:19:00 GMT
Air bag maker Takata Corp. confirmed that a truck carrying its inflators and a volatile chemical exploded in a Texas border town, killing a woman.
Could Generic EpiPen Actually Make More Money for Mylan?
Mon, 29 Aug 2016 16:35:28 GMT
Mylan may actually make more money on the cheaper, generic version of its EpiPen, some experts think.
BBB Calls 10 Big Charities 'Transparency Dodgers'
Mon, 29 Aug 2016 13:16:00 GMT
The Better Business Bureau is calling out ten well-known charities for not responding to its transparency questionnaire.
Mylan Launching Generic Version of EpiPen
Mon, 29 Aug 2016 11:57:00 GMT
The company said Monday that its U.S. subsidiary will put out a generic version of the EpiPen that will have a list price of $300 for a two-pack.
New Massachusetts Law Aims to Close Gender Wage Gap
Sun, 28 Aug 2016 23:55:33 GMT
For seven years, AnnMarie Duchon fought for the same pay as her male colleague. Now a new law is making it easier for others to avoid that battle.
Are We Headed for a Champagne Shortage?
Sun, 28 Aug 2016 13:03:00 GMT
Reports of a Champagne shortage have fans of the fizzy in a tizzy.
Four Airlines Fined for Giving Bad Info to Travelers
Sun, 28 Aug 2016 01:59:01 GMT
The Department of Transportation fined four airlines for providing inaccurate information to passengers about how much compensation they were due.
Did Colonel Sanders' Nephew Spill KFC's Secret Recipe?
Sat, 27 Aug 2016 02:16:46 GMT
"Many people have made these claims over the years," the company said in denying the recipe published in the Chicago Tribune was accurate.
Senators Probing EpiPen Received Donations From Mylan
Fri, 26 Aug 2016 19:25:58 GMT
A political committee for Mylan has donated to most of the Senate committee that has asked the drugmaker to explain price increases.
Why It's OK to Let Your Kids Make a Few Money Mistakes
Fri, 26 Aug 2016 18:08:00 GMT
Allowing your kids to make mistakes is hard. But experts say mistakes are great teachers — maybe even better ones than parents.
Electric Cars Are Ready for the Fast Lane
Fri, 26 Aug 2016 15:13:00 GMT
A new crop of electric cars defy the stereotype that they are slow, expensive, can't travel far, and could leave you stranded waiting for a charge.
Dow up 100 Points After Yellen Hints at Rate Hike
Fri, 26 Aug 2016 14:14:00 GMT
The case for raising the short-term interest rate "has strengthened in recent months," said Federal Reserve Chair Janet Yellen at Friday's much-antici
Mylan CEO's EpiPen Price Arguments Fall Short
Fri, 26 Aug 2016 13:07:00 GMT
In response to customer ire over a list price of $608 for a two-pack of EpiPens, Bresch argued that the high price was necessary.
Yappy Hour? Where to Celebrate National Dog Day
Fri, 26 Aug 2016 11:49:00 GMT
Established in 2004 as a day to bring attention to the number of dogs that need to be adopted and rescued, the day is marked with special events.
Shares at Two-Week Low as Wall St. Awaits Yellen Speech
Fri, 26 Aug 2016 10:53:00 GMT
The dollar edged down and global shares slipped to a two-week low as investors turned cautious before a keynote speech by Janet Yellen.
Ryan Lochte Snags 'Forgiving' Cough Drop Endorsement
Thu, 25 Aug 2016 23:43:00 GMT
The swimmer lost several high-profile deals in the wake of scandal surrounding his robbery claim in Rio.
VW to Pay Dealers $1.2 Billion in Diesel Scandal
Thu, 25 Aug 2016 20:14:00 GMT
Two months after agreeing to a $14.7 billion deal over its cheating on emissions tests, VW has reached another multibillion-dollar settlement.
MSNBC Business News
BBC Business News
Europe's 'unfair' Apple tax ruling sparks US anger
Tue, 30 Aug 2016 18:27:57 GMT
The US Treasury criticises 'unfair' tax rulings by the European Commission, following a demand that Apple hands over €13bn in unpaid tax.
TTIP in further doubt as Hollande questions timing
Tue, 30 Aug 2016 15:45:45 GMT
The TTIP trade deal is dealt another blow as French President Francois Hollande casts doubt on when an agreement will be reached.
Mortgage approvals at 18-month low, says Bank of England
Tue, 30 Aug 2016 10:40:22 GMT
The number of mortgages being approved by banks and building societies is at its lowest for a year and a half, according to Bank of England figures.
Twitter to share video advertising cash with creators
Tue, 30 Aug 2016 18:14:54 GMT
Twitter will start sharing advertising revenue generated by videos made by individual users with their creators.
EU's net neutrality guidelines get published
Tue, 30 Aug 2016 19:02:35 GMT
New guidelines are published setting out how the EU's net neutrality rules should be applied.
Macron quits to clear way for French presidential bid
Tue, 30 Aug 2016 16:54:19 GMT
French Economy Minister Emmanuel Macron resigns from the government ahead of an expected centrist bid for the presidency in next year's election.
Debt woes 'weigh heavily' on young people, survey finds
Mon, 29 Aug 2016 23:00:11 GMT
More than a third of 18 to 24-year-olds have debts of almost £3,000 and experience significant concerns about their finances, a survey finds.
US consumers expect economy will keep improving
Tue, 30 Aug 2016 15:42:51 GMT
US consumer confidence reached its highest point in nearly a year in August as economic conditions continue to improve.
Mitsubishi to stop selling eight models in fuel scandal
Tue, 30 Aug 2016 11:06:40 GMT
Mitsubishi Motors is told to stop selling eight more models after they are found to overstate fuel efficiency.
Samarco dam failure in Brazil 'caused by design flaws'
Tue, 30 Aug 2016 08:59:42 GMT
The deadly collapse of a dam at the Samarco mine in Brazil was due to design and drainage flaws, according to a report by joint owners BHP Billiton and Vale.
FTSE 100 dragged down by mining stocks
Tue, 30 Aug 2016 15:59:55 GMT
London's leading shares dip in Tuesday afternoon trading to close in negative territory, with mining stocks leading the downward trend.
ARM deal is selling out our winners, says Lord Myners
Tue, 30 Aug 2016 14:53:29 GMT
The deal to sell UK technology firm ARM Holdings to Japan's Softbank for £24.3bn is an example of the UK "selling out of our winners", says Lord Myners.
Japanese unemployment rate hits two-decade low
Tue, 30 Aug 2016 08:20:58 GMT
Japan's unemployment rate has fallen to its lowest for 21 years, despite the country's stagnant economy.
Cadbury's owner Mondelez scraps takeover bid
Tue, 30 Aug 2016 05:51:07 GMT
Cadbury's owner Mondelez International is abandoning its takeover bid for American confectioner Hershey after its $23bn (£18bn) offer was rejected.
UK sees record number of foreign investment projects
Mon, 29 Aug 2016 23:00:05 GMT
A record number of investments were made by foreign firms in the UK in the year to April 2016, according to a report from the Department for International Trade.
Kim Dotcom wins right to livestream extradition appeal
Tue, 30 Aug 2016 12:19:20 GMT
A New Zealand judge allows internet entrepreneur Kim Dotcom to livestream his appeal against extradition to the US on YouTube.
Apple tax: Level playing field fair, says EU
Tue, 30 Aug 2016 12:54:01 GMT
Margrethe Vestager, the European Commissioner for Competition, says it is 'only fair' that there should be a 'level playing field' where all companies pay their tax.
Apple tax move praised by Nobel winner
Tue, 30 Aug 2016 08:22:44 GMT
Nobel Prize winner Joseph Stiglitz praises the EU on Apple's tax bill
Shenzhen's start up scene: from ski sensors to worm farms
Tue, 30 Aug 2016 01:52:21 GMT
Shenzhen is famous for making electronics, but it's also become a popular spot for start-ups from all over the world.
Indian lesbian romance film turns to internet for funding
Mon, 29 Aug 2016 00:50:42 GMT
Indian lesbian romance film 'The Other Love Story' takes on a taboo topic and turns to the internet for funding.
BBC Business News
Yahoo Business News
Wall Street flat as investors look for clues on rates
Tue, 30 Aug 2016 10:04:12 -0400
A trader works on the floor of the NYSEFederal Reserve Chair Janet Yellen painted a rosy picture of the U.S. economy at an economic symposium on Friday and said the case for a rate hike was strengthening, but gave little indication on when the central bank could move. Fed Vice Chairman Stanley Fischer, in an interview with Bloomberg TV on Tuesday, said the U.S. job market is close to full strength and the pace of interest rate hikes will depend on how well the economy is doing.


EU ruling on Apple stirs calls for U.S. tax reform
Tue, 30 Aug 2016 16:41:10 -0400
A sign is seen outside the Apple Store in Covent Garden in LondonBy David Morgan and Jason Lange WASHINGTON (Reuters) - A European Commission order requiring Apple Inc to pay Ireland $13 billion euros ($14.5 billion) in unpaid taxes on Tuesday drew swift rebukes from the Obama administration and lawmakers in Congress, while reigniting calls for U.S. tax reform. The White House and the Treasury Department, which enforces federal tax policy, warned that U.S.-EU economic relations could be affected by the European Commission's ruling that Apple had received illegal state aid under its agreement with Ireland.


SEC awards $22 million to Monsanto whistleblower
Tue, 30 Aug 2016 16:12:05 -0400
Monsanto logo is displayed on a screen where the stock is traded on the floor of the NYSEThe award of $22,437,800 was tied to an $80 million settlement between the SEC and Monsanto in February, according to the lawyer, Stuart Meissner in New York, in a statement. Meissner declined to reveal the whistleblower's identity. A Monsanto representative could not be immediately reached for comment.


U.S. job market optimism lifts consumer confidence to 11-month high
Tue, 30 Aug 2016 14:00:10 -0400
People wait in line to enter the Nassau County Mega Job Fair at Nassau Veterans Memorial Coliseum in Uniondale, New YorkU.S. consumer confidence rose to an 11-month high in August, with households more upbeat about the labor market, in a further sign that the economy was regaining steam after faltering in the first half of the year. While other data on Tuesday showed a moderation in house prices in June, the gains probably remain sufficient to boost household wealth and continue to support consumer spending, as well as make home purchasing affordable for first-time buyers. The Conference Board said its consumer confidence index increased 4.4 points to 101.1 this month, the highest reading since September 2015.


Caesars wins lawsuit shield to pursue 'uphill' appeal
Tue, 30 Aug 2016 14:15:26 -0400
The marquee sign at Caesars Palace in Las VegasA federal judge on Tuesday gave Caesars Entertainment Corp a five-week shield from $13 billion in lawsuits, capping a week of frantic court hearings as the casino group struggles to salvage a high-stakes debt-cutting plan for its bankrupt subsidiary. Judge Robert Gettleman said at an emergency court hearing in Chicago that he will decide on Oct. 5 whether he should overturn a U.S. Bankruptcy Court ruling from Friday that cleared the way for bondholders to sue Caesars. In January, Caesars will seek to confirm a plan of reorganization that would slash the $18 billion of debt held at its bankrupt Caesars Entertainment Operating Co Inc, subsidiary.


Buyout firms' hushed deals with top investors risk US regulators' ire
Tue, 30 Aug 2016 15:50:37 -0400
To match Special Report SEC/INVESTIGATIONSSome U.S. private equity firms are courting their biggest and savviest investors with privileged access to special fee-saving deals without telling other investors, according to people involved in buyout firms' fundraising. The U.S. Securities and Exchange Commission (SEC) has signalled its interest in overseeing such deals after fining several private equity firms in recent months for improper disclosure of fees. The so-called co-investments allow institutional investors such as pension funds and sovereign wealth funds to invest in target companies, both through the fund and directly without incurring some of the usual management and performance fees, which can translate into millions of dollars of savings.


Airbus on course for record deliveries in August: executive
Tue, 30 Aug 2016 16:00:40 -0400
A flight test engineer holds an Airbus Group flag after the first flight of the Airbus A320neo in Colomiers near ToulouseAirbus delivered more aircraft in August than for the same period in any previous year, its top planemaking executive said on Tuesday, in a breakthrough that improves its chances of meeting 2016 targets after earlier delays in receiving parts. Speaking to Reuters on the sidelines of a meeting of French business leaders, Fabrice Bregier did not give numbers for total deliveries, which have not yet been completed, but said Airbus had hit a crucial target of six A350 deliveries this month. "We tend to deliver a lot of planes in the last few days of the month, but what I can already tell you is that it will be the best month of August in Airbus's history, in terms of the number of planes delivered," said Bregier, who is president and chief executive of the planemaking unit of Airbus Group .


EU-U.S. trade deal in doubt as France urges end to talks
Tue, 30 Aug 2016 15:38:21 -0400
A sign against the TTIP free trade agreement is pictured in FrankfurtPARIS/BRUSSELS (Reuters) - France cast serious doubt on Tuesday on the prospects of an EU free trade deal with the United States, adding to opposition within Germany and growing scepticism among Americans. Washington and Brussels are officially committed to sealing the Transatlantic Trade and Investment Partnership (TTIP) before U.S. President Barack Obama leaves office in January, but their chances of doing so are being eroded by approaching elections on both sides of the Atlantic and Britain's vote in June to leave the European Union.


Potash Corp, Agrium talk merger; competition scrutiny expected
Tue, 30 Aug 2016 16:00:15 -0400
President and CEO Chuck Magro of Agrium addresses shareholders during the company's annual general meeting in CalgaryBy Rod Nickel and Diane Bartz WINNIPEG, Manitoba/WASHINGTON (Reuters) - Canada's Agrium Inc and Potash Corp of Saskatchewan Inc said on Tuesday they are in talks to merge, a deal that would create a fertilizer and farm retailing giant worth more than $25 billion but also trigger U.S. regulatory scrutiny. Potash Corp , the world's biggest crop nutrient company by capacity and Agrium , North America's largest farm retailer, said in separate statements that the talks were at a "preliminary" stage about a possible merger of equals, adding that no agreement has been reached. U.S.-listed shares of Potash and Agrium rocketed up 11 and 7 percent respectively.


Canada regulator suspends TransCanada pipeline approval hearing
Tue, 30 Aug 2016 16:05:53 -0400
President and CEO Girling of TransCanada addresses shareholders during the company's annual general meeting in CalgaryCanada's National Energy Board on Tuesday suspended Montreal hearings on TransCanada Corp's proposed Energy East pipeline for the rest of the week after protests disrupted the first day on Monday. The move is the latest blow to hit the project, which would carry 1.1 million barrels of crude per day from Alberta's oil sands to the east coast of Canada. Montreal is the biggest city in Quebec.


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