On Thursday, the European Union’s First Chamber of the Court of Justice ruled that BlackRock is not exempt from paying value added tax (VAT) on part of a service from an outside supplier to help manage its funds. BlackRock, the… Read More ›
Day: July 2, 2020
Power utility PG&E emerges from Chapter 11 bankruptcy proceedings
PG&E Corp has emerged from Chapter 11 bankruptcy proceedings marking an end to a long-drawn restructuring process which began after its equipment sparked some of the deadliest wildfires in California. Thanks to a state-backed fund, PG&E managed to get out… Read More ›
Swiss drugmaker Novartis AG settles kickback charges for $729 Million: DoJ
In a statement, the U.S. Department of Justice said, Novartis AG has agreed to settle U.S. government charges that it had made illegal transfers, in the nature of kickbacks, to doctors and patients, in order to boost drug sales. Swiss… Read More ›
