Apple denies tax ‘gimmicks’ as criticism mounts
WASHINGTON: Apple chief executive Tim Cook denied Tuesday using “gimmicks” to dodge corporate taxes as the tech giant came under attack from US lawmakers for using “sham” subsidiaries...
Vodafone annual profits slump 90% on eurozone woes
LONDON: British mobile phone giant Vodafone on Tuesday reported a 90-percent plunge in annual net profit after taking a vast impairment charge relating to poor business in debt-laden eurozone nations Italy...
Owners of car with lower 1000CC to be proud than luxury car owners from today
Islamabad: Usually people with luxurious vehicles considered to be fortunate ones, but now onward they would be deprived of a concession they have been enjoying for years. Read More →
Mobile Payments: Square debuts Square Cash
LONDON: Mobile payments startup Square’s new Square Cash allows users to email one another money. Read More →
Dove ‘Sketches’ most-watched online ad: Unilever
NEW YORK: Unilever claimed bragging rights Monday to the most-watched Internet commercial of all time — a three-minute study of women’s self-perception that stars a forensic artist. Read More →
Yahoo! eyes growth, youth in $1.1 bn Tumblr deal
NEW YORK: Yahoo! unveiled its biggest deal yet under chief Marissa Mayer on Monday, snagging blogging platform Tumblr for $1.1 billion in a move to get younger users into the orbit of the struggling Internet...
US drugmaker Actavis buys Irish firm for $8.5bn
DUBLIN: US drugs company Actavis on Monday agreed to buy Irish peer Warner Chilcott for $8.5 billion (6.6 billion euros) including debt, in a bumper takeover that creates a key global player. Read More →
Britain’s Cameron makes personal plea to tax havens
LONDON: British Prime Minister David Cameron on Monday wrote to leaders of oversees tax havens, urging them to help the country’s efforts to combat tax evasion and avoidance. Read More →
SocGen’s Russian head faces jail over alleged bribe
MOSCOW: The head of Societe Generale’s Russian unit was facing up to seven years in prison after investigators charged him Thursday with soliciting a $1.5-million bribe in what one banking source...
EU raids oil majors in probe over possible price fixing
BRUSSELS, Belgium (AFP) – (AFP) – The European Commission has carried out surprise inspections at several major oil companies over possible price fixing in breach of EU anti-trust rules. Read More →
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