Apple says $14 billion EU tax order ‘defies reality and common sense’

LUXEMBOURG (Reuters) – The European Union’s order to Apple (AAPL.O) to pay 13 billion euros ($14 billion) in back taxes “defies reality and common sense”, the U.S. firm said... Read more »

Prudential subsidiaries to pay nearly $33 million to settle disclosure charges: SEC

WASHINGTON (Reuters) – Two Prudential subsidiaries have agreed to pay nearly $33 million to settle charges they failed to disclose conflicts of interest and made misleading disclosures regarding 94... Read more »

Disney CEO Bob Iger resigns from Apple board as TV battle looms

FILE PHOTO: Walt Disney CEO Bob Iger attends the European premiere of “The Lion King” in London, Britain July 14, 2019. REUTERS/Henry Nicholls (Reuters) – Apple Inc (AAPL.O) said... Read more »

Judge lets Facebook privacy class action proceed, calls company’s views ‘so wrong’

(Reuters) – A federal judge on Monday ordered Facebook Inc (FB.O) to face most of a nationwide lawsuit seeking damages for letting third parties such as Cambridge Analytica access... Read more »

Activist Jana to push again for changes at Outback owner Bloomin’ Brands

BOSTON (Reuters) – Activist hedge fund Jana Partners on Friday disclosed a large new stake in Outback Steakhouse owner Bloomin’ Brands Inc , returning for the second time in... Read more »

UBS’s Ermotti says Swiss bank’s CEO bench at least three deep: NZZ

ZURICH (Reuters) – UBS has least three candidates from inside the biggest Swiss bank who could eventually step into the CEO role, Chief Executive Sergio Ermotti said in a... Read more »

U.S. charges reverse mortgage lender Live Well’s ex-CEO in $140 million fraud

NEW YORK (Reuters) – The U.S. government on Thursday charged the founder of reverse mortgage provider Live Well Financial Inc with engineering a $140 million fraud by inflating the... Read more »

U.S. charges reverse mortgage lender Live Well’s ex-CEO with fraud

NEW YORK (Reuters) – The U.S. government on Thursday charged the founder of reverse mortgage provider Live Well Financial Inc with engineering a $140 million fraud by inflating the... Read more »

South Korea court ruling raises chance of Samsung heir’s return to jail

SEOUL (Reuters) – South Korea’s Supreme Court on Thursday ruled that a bribery case against the heir of the Samsung Group should be reviewed by a lower court, raising... Read more »

Pernod launches share buyback and makes new investments in China and U.S

PARIS (Reuters) – French spirits maker Pernod Ricard (PERP.PA), which is being targeted by activist investor Elliott, launched a share buyback program and announced new investments in China and... Read more »