Yahoo’s board approves .1 billion Tumblr acquisition: WSJ SAN FRANCISCO (Reuters) – Yahoo Inc's board has approved a deal to buy blogging and social networking site Tumblr for $ 1.1 billion in cash, the Wall Street Journal cited people familiar with the matter as saying on Sunday. Such an acquisition would be Marissa Mayer's largest [...]
Kuwait replaces oil officials at KPC after .2 billion Dow payment KUWAIT (Reuters) – State-run Kuwait Petroleum Company (KPC) appointed a new chief executive and suspended other top officials after the country paid $ 2.2 billion in damages to Dow Chemical Co over a scrapped plastics joint venture. Nizar Mohammad al-Asani replaced Farouk Zanki as [...]
Yahoo to vote on .1 billion Tumblr buy: AllThingsD SAN FRANCISCO (Reuters) – Yahoo Inc's board will meet on Sunday to vote on whether to offer $ 1.1 billion in cash for New York-based blogging service Tumblr, tech blog AllThingsD cited sources close to the situation as saying on Friday. Such an acquisition would be [...]
Apple CEO to testify to Congress on 0 billion cash stash, taxes, jobs – Ars Technica Ars Technica Apple CEO to testify to Congress on $ 100 billion cash stash, taxes, jobsArs TechnicaThe accusatory undertone is that Apple is engaging in what the subcommittee will almost certainly characterize as tax avoidance (and Apple's issuing of [...]
Judge orders Dow Chemical to pay .2 billion in price-fixing case By Casey Sullivan (Reuters) – A federal judge in Kansas City, Kansas, ordered Dow Chemical Co on Wednesday to pay $ 1.2 billion in a price-fixing case involving chemicals used to make foam products in cars, furniture and packaging, according to court documents. Dow [...]
Amazon’s UK Unit Pays .7 Million In Taxes On .5 Billion In Sales – Huffington Post Yahoo! News Amazon's UK Unit Pays $ 3.7 Million In Taxes On $ 6.5 Billion In SalesHuffington PostLONDON (Reuters) – Amazon.com's main UK unit paid taxes of $ 3.7 million on its 2012 income, despite group UK sales of [...]
Amazon UK pays .7 million tax on .5 billion sales By Tom Bergin LONDON (Reuters) – Amazon.com's main UK unit paid taxes of $ 3.7 million on its 2012 income, despite group UK sales of $ 6.5 billion (4 billion pounds), its accounts published on Wednesday showed. The company received 2.5 million pounds in government [...]
HSBC targets additional -3 billion cost savings by 2016 By Lawrence White HONG KONG (Reuters) – HSBC said on Wednesday that it would target additional cost savings of $ 2 billion to $ 3 billion in 2014-2016, as Europe's biggest bank cuts jobs and sells noncore businesses to bolster profitability under a restructuring plan led [...]
Actavis rejected billion offer from Mylan: source By Soyoung Kim and Jessica Toonkel NEW YORK (Reuters) – Actavis Inc received and rejected a takeover offer from Mylan Inc last week that valued the generic drugmaker at more than $ 15 billion, a person familiar with the situation told Reuters on Tuesday. Mylan’s cash and stock [...]
J.C. Penney stores, real estate worth .06 billion: appraisal (Reuters) – J.C. Penney Co Inc's stores, distribution centers and headquarters are worth a total of $ 4.06 billion, according to an appraisal conducted for the department store chain and disclosed on Tuesday in a presentation to potential lenders that was also filed with U.S. regulators. [...]