The European Commission will examine a report accusing the Swedish retailer IKEA of evasion of at least 1 billion euros for the 2009-14 tax years. This reported Reuters, citing a statement of the European Commission’s representative. February 12, 2016, the European parliamentary group " The Greens/European Free Alliance » published a report on the Swedish company’s tax efficiency. The politicians...

Uber taxi service agreed to pay $ 28.5 million to participants in two class actions filed against the company in connection with introduction of its special "Commission for a safe ride." The total number of claimants eligible for compensation is about 25 million people. On Thursday evening, it became known that the taxi service Uber has agreed to settle out of court two class action filed against...

Today, the leading French bank Societe Generale has reported on its performance in the fourth quarter of 2015 and for the entire 2015. Total income of the bank grew in general. However, the difficult situation in Russia has deteriorated results of international retail operations. In addition, the bank warned that the current year’s performance may not achieve its goals in terms of profitability,...

Norwegian company Opera Software, the developer and owner of the Opera web browser, has received a purchase offer worth $ 1.2 billion from Chinese investors. The Norwegians hope that the deal will let the company carry out a large-scale expansion towards the gigantic Chinese market, and will provide the funds necessary for further development. Today's post of the Norwegian company Opera Software...

Taiwanese contract manufacturer Foxconn Electronics intends to conclude an agreement with Sharp to buy its Japanese vendor until the end of this February. The company managed to reach a preliminary agreement, as told by Foxconn’s chairman Terry Gou. Last Friday, Foxconn’s head held eight-hour talks with Sharp’s Kozo Takahashi President and other leaders of the company. Previously, the news media...

US multinational corporations such as Google, Facebook and Amazon, will be required to disclose data about their incomes earned in the European Union (EU) and their income tax payments as well. The relevant draft legislation is being developed by a European Commission (EC) now. It will be presented on 12 April. For the bill to be passed, this initiative should be supported by all 28 EU member...

Federal Court for the Eastern District of Texas in the United States found Apple guilty of violating VirnetX company’s patents, and ordered to pay $ 625.6 million, according to AppleInsider, with reference to the judgment. As follows from the verdict, Apple had violated a number of patents owned by VirnetX. In particular, the court decided that the California corporation used without permission...

Yahoo! has unveiled disappointing results for the fourth quarter and full 2015. These gloomy news was followed by announcement sale of a number of non-core assets, reduction of 15%, and closing of five offices in different countries to reduce costs. In addition, the company announced that, while striving for profitability, it will "consider strategic proposals", and this could mean its...

American pharmaceutical company Abbott Laboratories announced purchase of a $ 5.8 billion company Alere. The deal will allow the world’s one of the largest pharmaceutical companies to strengthen its position in the lucrative and ever-growing market of harvesting and studying of clinical analysis. On Monday evening, it became known that the leading US pharmaceutical company Abbott Laboratories...