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Apple to pay $38 billion in repatriation tax

Apple Inc will make about $38 billion in tax payments to bring funds kept overseas back to the United States under new federal tax laws, the company said on Wednesday.

Recent Business News

Rolls-Royce shares jump as commercial marine business goes on block

LONDON Rolls-Royce is considering the sale of its loss-making commercial marine business in another shake-up by Chief Executive Warren East that will streamline its activities into civil aerospace, defense and power system units.

GE's 2018 gains wiped out as worries about turnaround plan persist

Shares of General Electric Co continued its slide on Wednesday and wiped out all its gains in 2018, a day after the U.S. industrial conglomerate announced more than $11 billion in charges and hinted about a potential breakup.

1:18pm EST

Goldman investors rattled by latest plunge in bond trading

Goldman Sachs Group Inc on Wednesday reported a sharp drop in trading revenue that renewed questions about its ability to revive a moribund profit driver or find business to replace it, sending shares down 3 percent. | Video

12:20pm EST

Banks expected to share tiny proportion of mammoth Saudi Aramco IPO

LONDON The banks that will advise and execute Saudi Aramco's stock market listing are expected to share a tiny proportion of the $100 billion Riyadh hopes to raise in its initial public offering, according to banking sources and industry insiders.

11:57am EST

In race for top spot, VW says vehicle sales up 4.3 percent in 2017

FRANKFURT Volkswagen (VW) reported a 4.3 percent rise in 2017 sales to 10.7 million vehicles, staying ahead of Toyota in the race to keep the title of world's biggest carmaker although Renault-Nissan has forecast it would go top.

1:02pm EST


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