Thomson Reuters | Last Updated: November 24, 2015 10:45 (IST)
More than 50 similar deals have been done over three decades by well-known companies such as Medtronic Plc, Fruit of the Loom and Ingersoll-Rand Plc. Congressional researchers have estimated inversions, left unchecked, will cost the US Treasury nearly $20 billion in the next 10 years.
Press Trust of India | Last Updated: November 14, 2015 13:30 (IST)
In its guilty plea, the company acknowledged having paid bribes to government officials and falsified books and records in connection with power, grid and transportation projects for state-owned entities around the world.
Thomson Reuters | Last Updated: November 14, 2015 12:54 (IST)
The British bank is the first to resolve claims by so-called "over-the-counter" investors that transacted directly with banks comprising a panel to determine Libor, or the London Interbank Offered Rate.
Thomson Reuters | Last Updated: November 12, 2015 16:43 (IST)
One of the new sales channel pumping Alibaba's Singles' Day sales was Suning Commerce Group Co, in which it bought a 20 percent stake in August.
Thomson Reuters | Last Updated: November 12, 2015 16:15 (IST)
This isn't the first time Morgan Stanley has dealt with retail products. In the late 1990s, it merged with Dean Witter, Discover & Company, giving it a retail brokerage and a credit card business. The bank spun off Discover in 2007.
Thomson Reuters | Last Updated: November 12, 2015 13:48 (IST)
Siemens said basic earnings per share should rise by at least 14 percent on a comparable basis to 5.90 to 6.20 euros. EPS for the year to end-September was boosted by the disposals of Siemens' hearing aids and household appliance businesses.
Thomson Reuters | Last Updated: November 12, 2015 10:39 (IST)
The service would likely be linked to the company's Apple Pay system, which allows customers to make credit-card and debit-card payments with their mobile phones, the newspaper said.
Thomson Reuters | Last Updated: October 24, 2015 16:25 (IST)
Europe's largest carmaker is battling the biggest business crisis in its 78-year history after admitting last month it installed software in diesel vehicles to deceive US regulators about the true level of their toxic emissions.
Thomson Reuters | Last Updated: October 24, 2015 14:03 (IST)
The transfer of 6.8 million shares of common stock is subject to stockholders in 2016 approving an equity incentive plan for the shares to be granted "over time" to Twitter employees. The board has approved the deal.
Thomson Reuters | Last Updated: October 23, 2015 08:04 (IST)
Revenue from Microsoft's cloud business, which includes products such as Windows Server and cloud-based platforms such as Azure, rose 8 percent to $5.9 billion and is expected to reach $6.2-$6.3 billion in the current quarter.
Thomson Reuters | Last Updated: October 21, 2015 07:24 (IST)
Yahoo said the proposed spinoff of its 15 percent stake in Chinese e-commerce giant Alibaba Group Holding Ltd - a key issue for shareholders - may now close in January.
Thomson Reuters | Last Updated: October 20, 2015 12:25 (IST)
SAP, Europe's biggest software company, said it could accelerate past full-year financial targets in the fourth quarter, its most important period of the year, as it confirmed the strong quarterly results it had outlined last week.
Thomson Reuters | Last Updated: October 20, 2015 07:34 (IST)
The company is shifting away from hardware to the cloud, much like established rivals such as Oracle Corp and Microsoft Corp. Each is striving to boost Internet-based software and services sales to compete with Salesforce.com Inc and Amazon.com Inc's web software unit.
Thomson Reuters | Last Updated: September 27, 2015 19:35 (IST)
The Frankfurter Allgemeine Sonntagszeitung, citing a source on VW's supervisory board, said the board had received an internal report at its meeting on Friday showing VW technicians had warned about illegal emissions practices in 2011. No explanation was given as to why the matter was not addressed then.
Thomson Reuters | Last Updated: September 22, 2015 09:30 (IST)
Volkswagen shares plunged by nearly 20 percent on Monday after the German carmaker admitted it had rigged emissions tests of diesel-powered vehicles in the United States, and U.S. authorities said they would widen the probe to other automakers.
Thomson Reuters | Last Updated: September 17, 2015 11:44 (IST)
Anheuser-Busch InBev, the world's largest brewer, has approached rival SABMiller about a takeover that would form a colossus producing a third of the world's beer.
Thomson Reuters | Last Updated: September 09, 2015 09:57 (IST)
With 300 million monthly active users, Instagram has a key advantage over rivals because parent Facebook Inc's vast trove of consumer data allows it to target audiences more accurately, a major selling point for advertisers.
Agence France Press | Last Updated: August 27, 2015 11:45 (IST)
Basketball star Michael Jordan last month lost a case against a Chinese sportswear company that used the Chinese version of his name.