Apple Inc was not a stranger to claims by foreign governments who insisted that the Cupertino, California-based company had used specific accounting practices in order to avoid paying hefty taxes.
Italy
France's Korian acquires rival Medica for EUR1.1 billion
French elderly care company Korian bought rival Medica for EUR1.1 billion. The post-merger group would become the top nursing home operator in France, Germany and Belgium and second in Italy.
Private equity firms turn away from renewable energy investments- report
A report from the Financial News website said private equity companies were now looking for investments in fossil fuels prompted by large discoveries of shale gas in the US.
Senior executive at Monte Paschi's biggest shareholder quits job over stake sale plan
Giorgio Olivato, vice chairman of a foundation that is Monte Paschi's largest shareholder, has resigned from office for unknown reasons. Sources, however, said that Olivato opposed the foundation's plan to sell its stake in the Italian bank.
Generali buys minority stake in Generali Asia for EUR40 million
Italian life and non-life insurance company Generali bought a 40% stake in Generali Asia for EUR40 million. Generali Asia is a joint venture of Generali and Banca della Svizzera Italiana in Switzerland.
Latest News
Alitalia CEO Gabriele del Tochio would be submitting to the board for its decision for an industrial plan which would include 2,000 employee layoffs in order to keep the Italian air carrier aloft.
Telecom Italia, the largest telecommunications company in Italy, will be selling its controlling stake in Buenos Aires-based Telecom Argentina to investment firm Fintech for EUR4 billion.
Moncler would need to offer more than skiwear if it wants its initial public offering to be a success, according to a Bloomberg report.
The following bids, mergers, acquisitions and disposals were reported on Friday. The following bids, mergers, acquisitions and disposals were reported on Friday:- Healthcare conglomerate Danaher Corp has teamed up with Blackstone Group LP BX.
Dover Corp acquired industrial manufacturer Finder SpA for USD145 million. Dover Corp recently finalized a deal to purchase industrial company Finder SpA for USD145 million.
The following bids, mergers, acquisitions and disposals were reported on Tuesday. The following bids, mergers, acquisitions and disposals were reported on Tuesday.
The European Central Bank's bets on easing euro zone rates pushed most of its government bonds up.
In a news report in the Italian daily Il Messagero, a letter from Air France CFO criticized Alitalia for the lack of information regarding key decisions made on their joint venture where it owns 25%.
The five year ban on holding public office for Silvio Berlusconi was upheld but reduced from five years to two years.
