Category Archives: Business

Apple to pay Italy 318 million euros, sign tax deal – source

By Emilio Parodi & Agnieszka Flak MILAN (Reuters) – Apple Inc will pay Italy's tax office 318 million euros ($348 million) to settle a dispute over allegations it failed to…

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Icahn to buy Pep Boys for $1 billion after Bridgestone bows out

By Ankit Ajmera (Reuters) – Carl Icahn's Icahn Enterprises LP has agreed to buy Pep Boys-Manny Moe & Jack for approximately $1 billion, the companies said on Wednesday, hours after…

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U.S. hedge fund founder is denied early release in insider case

By Jonathan Stempel NEW YORK (Reuters) – A federal judge on Wednesday rejected hedge fund manager Doug Whitman's request to end his two-year sentence for insider trading early while he…

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Lockheed wins more than $1 billion contract for C-130J aircraft

(Reuters) – Lockheed Martin Corp has been awarded a contract worth more than $1 billion for 32 C-130J aircraft, the Pentagon said on Wednesday. The work is expected to be…

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Puerto Rico to default on some debts, will pay GO debt

By Nick Brown SAN JUAN (Reuters) – Puerto Rico will default for the second time in five months, yet will pay the bulk of $1 billion due on Jan. 4,…

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Oil ending 2015 how it began – on the skids

By Wayne Cole SYDNEY (Reuters) – Asian share markets were ending the year on a subdued note on Thursday as a renewed slide in oil prices sapped sentiment, a baleful…

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Oil down 3 percent on surprise U.S. crude build; Brent near 2004 low

By Barani Krishnan NEW YORK (Reuters) – Crude prices fell 3 percent on Wednesday, with Brent sliding toward 11-year lows, after an unusual build in U.S. stockpiles & signs Saudi…

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U.S. pending home sales fall in November

WASHINGTON (Reuters) – Contracts to buy previously owned U.S. homes fell in November for the third time in four months, a signal that growth in the U.S. housing market could…

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