Friday, June 22, 2018

Apple started paying $15 billion European tax fine

It took a couple of years, but Apple has started to pay back illegal tax benefits to the Irish government. The company has paid $1.77 billion (€1.5 billion) into an escrow account designed to hold the fine....

FCC will investigate sketchy location tracking company

LocationSmart is now under investigation for allegedly leaking phone locations on its website. Not even a full day after phone tracking firm LocationSmart reportedly leaked location data on its website, the FCC is getting involved. As originally reported by Reuters, the...

Paddy Power Betfair in talks to buy US sports company FanDuel

Paddy Power Betfair confirms it is in discussions regarding a potential combination of the group's US business and FanDuel Paddy Power Betfair are in talks to buy American fantasy sports company FanDuel in a further...

AI and ML were the core highlights of Google I/O conference

With AI, Google is catering an array of advanced offerings that will boost how healthcare, news, appointments and emails are done The 2018 Google I/O conference, an annual developer event conducted by Google channelised its focus on Artificial...

Airberlin bankruptcy sends Etihad partner bond yields soaring

Investors are dumping debt sold by EA Partners, a special purpose vehicle that holds the equity stakes of Etihad Airways PJSC and its partner airlines, after airberlin Plc filed for insolvency in the latest...

US Retailer Abercrombie & Fitch Withdraws From Sales Talks

US teen fashion company Abercrombie & Fitch said it is no longer looking for a buyer, as talks with suitors have proved unfruitful. The embattled fashion retailer has seen its sales dwindle consecutively for...

Mars to takeover VCA for $7.7 billion

Chocolate king Mars Inc. has made a $7.7 billion offer for veterinary care company VCA Inc. Mars is banking on the growth of the animal care industry, given the recent lull in the packaged...

Drug and Biotech Stocks Rise on Trump Win

Investors in the healthcare industry were thrilled by the victory of Donald Trump, causing shares in drug makers to rise. Pharmaceutical giants and large biotech firms saw their shares surge sharply on Wednesday, with...

Samsung’s Note 7 crisis is wiping out billions in profit

"Because consumers' safety remains our top priority, Samsung will ask all carrier and retail partners globally to stop sales and exchanges of the Galaxy Note7 while the investigation is taking place". Samsung Galaxy Note 7...

Falcon Private Bank Refutes Acquisition Rumours

Falcon Private Bank of Switzerland declared that it was not for sale, contrary to a story published earlier in the day. The report went on to say that its new Chief Executive, Walter Berchtold,...

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