Medtronic posted a profit that was in line with expectations and said its $42.9 billion purchase of hospital products maker Covidien remains on track.» 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, 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.
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."
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.
The "Squawk on the Street" team discusses the European Commission's tax probe of Apple for allegedly benefiting from illicit state aid in Ireland.
Neil Dwane, CIO for Equities for Europe at Allianz Global Investors, says Apple's tax practices are "not fair", after reports that the technology giant will be accused of benefiting from illegal Irish tax deals following an EU probe into the company.
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.
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.
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.
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.
Constantin Gurdgiev, professor of finance at Trinity College Dublin, says that by repaying some of its IMF loan, Ireland would achieve "significant savings".
SAO PAULO, Sept 8- Banana producer Chiquita Brands International Inc has postponed a shareholder vote on a plan to merge with Fyffes Plc in order to engage in discussions with Safra Group and Grupo Cutrale regarding a $611 million unsolicited takeover bid.
Sept 8- Ryanair Holdings Plc, Europe's largest low-cost carrier, signed a deal on Monday to buy 100 Boeing Co 737 MAX jetliners for up to $11 billion, launching a new version of the single-aisle plane that will allow it to squeeze in more passengers.