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Apple to pay $38 billion in U.S. taxes on foreign cash, open new campus

Apple Inc on Wednesday said it will make about $38 billion in tax payments on its overseas cash and plans to open a second U.S. campus as part of a 5-year, $30 billion U.S. investment plan.

Recent Business News

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

Exclusive: Activist investor Sachem Head pushes Whitbread to consider break-up - sources

LONDON Activist investor Sachem Head has asked Whitbread to consider a break up of its Costa Coffee chain from its hotels and restaurant businesses, two people familiar with the matter told Reuters.

1:50pm EST

Dealmaking Ferrero tycoon breaks decades of family tradition

MILAN For almost 70 years, family-owned chocolate group Ferrero shunned acquisitions, relying completely on its ability to grow on its own and dream up new products. Those days are gone.

1:46pm EST

Ghosn lays groundwork for withdrawal as Renault CEO

PARIS Renault-Nissan is to pursue plans to create separate strategy and operations leadership roles, Renault CEO Carlos Ghosn said on Wednesday in a sign he may pull back as boss of the French carmaker.

1:48pm EST

'Just Hit Budget!' bankers at RBS restructuring unit told during crisis: memo

LONDON Royal Bank of Scotland staff helping small firms to restructure debt during the financial crisis were given a list of ways to squeeze more money from struggling clients and told to "Just Hit Budget!", a memo released on Wednesday showed.

2:02pm EST


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