Tokyo’s Regional Taxation Bureau had detected that the company had underreported its income to the tune of $118 million and had ordered the company to pay its dues. Apple has responded to the order by promptly paying its dues. The… Read More ›
Entrepreneurship
DOJ demands $14 billion fine for settling Deutsche Bank’s mortgage-backed securities case
Even at $7 billion the settlement amount would be absurdly high. Incidentally Deutsche Bank has been one of the most successful European players on Wall Street. This success has however led to a slew of lawsuits being filed against it,… Read More ›
GE wins $1.9 billion contract from U.K
GE’s contract relates to the country’s Hinkley Point nuclear power plant. In what is likely to be a fallout of Britain’s decision to leave the European Union, the country has now awarded General Electric Co a contract worth $1.9 billion… Read More ›
For Tech Start-Ups London is More Expensive than San Francisco
Potentially stifling its ability to create the next Google or Twitter, according to a new report, New York and San Francisco have been trumped by London which has been named as the most expensive city in the world for technology… Read More ›
VW is unlikely to sell any diesel vehicles in the U.S. anymore
Regardless of the outcome of its talks with the U.S. EPA, resumption of the sale of its diesel models in the U.S. is likely to be a non-starter. In the wake of VW’s diesel emission scandal, the embattled company has… Read More ›
Federal Prosecutors to investigate Well Fargo’s sales practices
This new investigation by Federal prosecutors come in the wake Wells Fargo settling a probe with $190 million wherein it has neither acknowledged nor denied any act of wrong doing. As per a source who is familiar with the matter… Read More ›
Apple reports that the iPhone 7 Plus has been sold out
Consumers who are set to crowd Apple’s brick-and-mortar store should note that they can continue to place orders for iPhones online rather than throng the stores who will not have the phones for sale since they have been sold out…. Read More ›
3 Hanjin ships sold for $39 million
Overcapacity and the uncertainty surrounding its future increase the possibility of more of its ships being sold. Three chartered ships have already among the dozen ships belonging to Hanjin Shipping Co Ltd, which are expected to be put up for… Read More ›
Bayer’s supervisory board to review Monsanto deal today
If the deal goes through, it could create a superpower of a company will can control the world’s food supply. According to sources familiar with the matter at hand, Monsanto’s board is likely to weigh-in on Bayer AG’s $65 billion… Read More ›
Jaguar Land Rover picks Takenaka & Vces as partners for its Slovak factory
JLR’s investment is stated to be the country’s biggest ever foreign direct investment in its history. Jaguar Land Rover (JLR) has disclosed that it has picked Vces and Takenaka, a a Czech and a Japanese company respectively, as subcontractors for… Read More ›
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