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Italy looking at Google proposal to close tax dispute: source
Italy's tax authorities are looking at a proposal from Google to pay between 270 million and 280 million euros ($296 million) to wrap up a tax dispute, a source close to the matter said on Tuesday. Earlier this year Italian tax police presented a claim against Google for the non payment of taxes … Originally posted here: Italy looking at Google proposal to close tax dispute: source Read More →
Trump’s Commerce pick Wilbur Ross is no stranger to protectionism
By Roberta Rampton and David Lawder WASHINGTON (Reuters) – When billionaire investor Wilbur Ross salvaged two North Carolina textile mills from bankruptcy in 2003 and 2004, one of the first things he did was head to Washington to immerse himself in trade law and policy. China's accession to the World Trade … Read the rest here: Trump’s Commerce pick Wilbur Ross is no stranger... [Read more]
Anbang in talks with Kushner for New York building overhaul: source
China's Anbang Insurance Group is in talks to invest in a project to redevelop a flagship New York City building owned by Kushner Companies, the family real estate business run by U.S. President-elect Donald Trump's son-in-law Jared Kushner, according to … View original here: Anbang in talks with Kushner for New York building overhaul: source Read More →
HMD Global launches first Nokia smartphone
HMD Global, the Finnish company that owns the rights to use Nokia's brand on mobile phones, announced on Sunday its first smartphone, targeted for Chinese users with a price of 1,699 yuan ($246). The launch marks the first new smartphone carrying the iconic handset name since 2014 when Nokia Oyj chose to sell its entire handset unit to Microsoft . The new device, Nokia 6, runs on Google's... [Read more]
Google shows improved self-driving system in Chrysler Pacifica
By Alexandria Sage and Paul Lienert DETROIT (Reuters) – Google unveiled its latest self-driving system in a Chrysler Pacifica minivan during a Sunday preview ahead of the Detroit auto show, saying the technology is more reliable and affordable. The announcement came from John Krafcik, head of Google's Waymo unit, whose search for partners to… Go here to see the original: Google... [Read more]
FCA to invest $1 billion in U.S. plants, make Jeep pickup truck
Fiat Chrysler Automobiles said on Sunday that it would invest $1 billion to retool and modernize two plants in the U.S. Midwest, including one that would be able to make the Ram heavy-duty pickup truck currently produced in Mexico. The company also said it planned to add three new Jeep models, including a pickup truck, to its product Here is the original post: FCA to invest $1 billion in U.S. plants,... [Read more]
AT&T says Time Warner purchase could avoid FCC scrutiny
AT&T Inc expects to be able to bypass a powerful telecommunications regulator in its planned $85.4 billion acquisition of Time Warner Inc , the companies said in regulatory filings on Friday. Time Warner said that since it does not plan to transfer any Federal Communications Commission licenses to AT&T, it would likely not need FCC approval and would only need the consent of the U.S. Justice... [Read more]
U.S. loses bid to overturn AmEx antitrust decision
A federal appeals court on Thursday rejected the U.S. government's request that it reconsider its decision allowing American Express Co to stop merchants from encouraging customers to use rival cards that charge lower fees. Without comment, the 2nd U.S. Circuit Court of Appeals let stand its Sept. 26 reversal of See the original post: U.S. loses bid to overturn AmEx antitrust decision Read More →
Samsung Electronics to reveal Galaxy Note 7 probe results this month: JoongAng Ilbo
SEOUL (Reuters) – Samsung Electronics Co Ltd will announce this month the results of an investigation into what caused some of its Galaxy Note 7 smartphones to catch fire, the JoongAng Ilbo newspaper reported on Monday citing unnamed sources. The South Korean firm said in October it was See the rest here: Samsung Electronics to reveal Galaxy Note 7 probe results this month: JoongAng Ilbo Read More →
Hyundai, Kia target sales rebound after first fall in 18 years
Hyundai Motor and affiliate Kia Motors on Monday forecast global sales to rebound in 2017 by a stronger-than-expected 5 percent, after posting their first annual sales fall in nearly two decades last year. Sales could get a lift this year with emerging markets such as Russia stabilizing, and with Hyundai and Kia Motors gearing up to boost supply to the United States and China, analysts said. “With... [Read more]