Apple is being investigated by the European Commission for sheltering revenues in Ireland. Jon Steinberg, Daily Mail North America CEO, and the "Squawk Alley" team, discuss Apple's foreign tax position and the latest on "bendgate."» Read More
*France postpones deficit reduction by a further two years. PARIS, Oct 1- France laid down the gauntlet to EU partners on Wednesday with a 2015 budget setting out how it would bring its borrowing back to within EU limits two years later than promised, a retreat it blamed on a fragile economy.
*EU regulator requests income statements of 2 Apple groups. *If proven, Ireland could have to claw back tax from Apple. BRUSSELS/ LONDON, Sept 30- The European Union has accused Ireland of swerving international tax rules by letting Apple shelter profits worth tens of billions of dollars from revenue collectors in return for maintaining jobs.
*Mood swing from austerity seen helping France's case. PARIS, Sept 30- From Athens to Madrid and Dublin to Rome, France can count on a sympathetic hearing in several European capitals in its campaign for leniency over the latest broken promise to bring its public finances into shape.
BRUSSELS— Apple risks having to repay Ireland tax rebates worth billions of dollars after the European Union's competition watchdog said Tuesday the company appears to be benefiting from illegal tax deals there.
BRUSSELS, Sept 30- The European Union has accused Ireland of giving Apple Inc. illegal state aid through tax arrangements that had "no scientific basis" but which helped the iPhone maker shelter tens of billions of dollars in international revenues from tax.
By Barbara Lewis and Adrian Croft. BRUSSELS, Sept 29- European Union regulators will provide more details on Tuesday of their reasons for launching in-depth inquiries into tax arrangements reached by Ireland with Apple and by Luxembourg with a Fiat subsidiary.
Sept 28- The European Commission will accuse Apple Inc of benefitting from illicit state aid in Ireland, based on preliminary findings of an investigation into tax deals, the Financial Times reported citing people familiar with the matter.
NEW YORK, Sept 26- U.S. medical device maker Medtronic Inc is likely to try to renegotiate the structure and terms of its $42.9 billion deal to buy Ireland's Covidien Plc in response to new U.S. tax rules, according to people familiar with the situation.
DUBLIN— Ryanair says it plans to carry an extra 1 million passengers this year and has raised its profits outlook on the back of wide-ranging service improvements that have boosted sales and filled more aircraft. Ryanair shares rose as much as 4.2 percent in early trade in Dublin before retreating to 7.35 euros, up 0.5 percent.
NEW YORK— The U.S. Department of Justice said Wednesday that Irish drugmaker Shire will pay $56.5 million to settle allegations it broke the law in promoting five different drugs, including its attention deficit disorder drugs Adderall XR and Vyvanse.
DUBLIN— Accenture PLC on Wednesday reported earnings of $701 million in its fiscal fourth quarter. Analysts expected $7.64 billion, according to Zacks. For the current quarter ending in November, Accenture said it expects revenue in the range of $7.55 billion to $7.8 billion.
Sept 23- Pfizer Inc has approached Dublin- based generic drugmaker Actavis Plc to express its interest in an acquisition, Bloomberg reported, citing people with knowledge of the matter. The companies are not currently in formal talks and Pfizer has not made an offer, the Bloomberg report said.
The pharmaceutical company AbbVie, based in Chicago, reached an agreement to buy Dublin- based Shire in July for $54 billion. AbbVie Inc. lost 2 percent in New York trading, while Shire sank 2 percent in London. said Jan Wald, an analyst at Benchmark Co., a financial advisory firm.
BERLIN, Sept 22- The euro zone should have its own single representation at the International Monetary Fund, the European Central Bank's chief economist said on Monday, a call which may encounter resistance around the bloc.
Sept 22- Auxilium Pharmaceuticals Inc said its board had determined that Endo International Plc's offer "significantly undervalues" the company. Auxilium said in June that it would buy QLT for $346 million, in a deal aimed at cutting its tax bill by moving its headquarters to lower-tax British Columbia, Canada.
LONDON, Sept 18- Irish cement maker CRH is exploring a bid for all the assets rivals Lafarge and Holcim must sell to steer their mega-merger past competition watchdogs, two sources familiar with the matter told Reuters. Bain, Onex and another limited partner form the fourth consortium, the sources said.
DUBLIN— Ireland's economy is growing at a rapid pace last experienced at the tail-end of the Celtic Tiger boom, government statisticians reported Thursday as economists declared that the country's debt crisis was dead and buried.
PARIS, Sept 11- Britain's international partners are aghast, mostly in silence, at the possibility that one of the leading Western powers could break up and turn in on itself if Scotland votes next week for independence from London.
NEW YORK, Sept 11- U.S. specialty drugmaker Akorn Inc is exploring a bid for Belgian drugmaker UCB SA's U.S. subsidiary, a deal that would allow the company to move its tax domicile overseas in a practice known as inversion, according to people familiar with the matter.
*Tycoon's firm in JV talks with Mitsubishi arm- sources. SINGAPORE, Sept 11- Asia's richest man, Li Ka- shing, aims to buy his way into the global aircraft leasing business as his flagship investment firm holds talks with lessors on building a portfolio of planes, people with direct knowledge of the matter said.