Monday 18 June 2018

How U.S. tax reform rewards companies that shift profit to tax havens

How U.S. tax reform rewards companies that shift profit to tax havens

(Reuters) - The corporate tax cut passed by U.S. President Donald Trump and fellow Republicans that was in part designed to help dissuade U.S. companies from moving profits overseas may instead make the practice a lot more rewarding.

Head of VW's Audi arrested in Germany over diesel scandal

FRANKFURT (Reuters) - Volkswagen's supervisory suspended crisis talks to find a stand-in boss for its Audi brand which were convened after German authorities arrested current Audi Chief Executive Rupert Stadler as part of a probe into emissions test cheating.

Wall Street ends modestly lower but energy shares rise

NEW YORK (Reuters) - The Dow and S&P fell modestly on Monday, ending well off session lows, as gains in energy shares helped curb declines stemming from trade war concerns after China's retaliation to U.S. tariffs.

Exclusive: GameStop in talks with buyout firms after drawing interest - sources

(Reuters) - Video game and electronics retailer GameStop Corp is holding talks with private equity firms about a potential transaction after receiving buyout interest, people familiar with the matter said on Monday.

AT&T executive promises fewer ads on newly acquired Time Warner networks

LOS ANGELES (Reuters) - AT&T Inc should be able to reduce the number of commercials on its newly acquired Time Warner networks by using wireless and TV customer data to target personalized advertisements, John Stankey, the longtime AT&T executive who will run the networks, said in an interview on Monday.

Exclusive: KKR close to signing deal for Altice's telecom towers - sources

MADRID/LONDON (Reuters) - Private equity firm KKR is close to buying a stake in the telecom towers business of Altice , three sources told Reuters, a deal that will help the telecoms and cable group to pay down debt and reshape its European operations.

Wendy's under fire after employee films mouse amid buns

NEW YORK (Reuters) - A Wendy's restaurant in Oklahoma is under fire after an employee video showing a mouse inside a bag of hamburger buns was widely shared online.

U.S. regulator to send observer for Tesla probe of Model S fire

(Reuters) - The U.S. National Transportation Safety Board (NTSB) will send a technical specialist to observe a Tesla Inc examination into the causes of a battery fire last Friday involving one of the electric automaker's Model S vehicles in California, the agency said on Monday.

EU antitrust regulators to rule on Blackstone's F&R deal by July 20

BRUSSELS (Reuters) - EU antitrust regulators will decide by July 20 whether to clear U.S. private equity firm Blackstone Group's US$20 billion acquisition of a majority stake in Thomson Reuters' Financial and Risk (F&R) unit, a filing on the EU competition watchdog's website showed on Monday.

Fujifilm sues Xerox for well over $1 billion after aborted merger

NEW YORK (Reuters) - Fujifilm Holdings Corp sued Xerox Corp on Monday for well over $1 billion, faulting the printer and copier company for succumbing to pressure from activist investors Carl Icahn and Darwin Deason in calling off a proposed merger.

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