Business

European Regulators Open Investigation Into Ikea's Taxes

European Regulators Open Investigation Into Ikea's Taxes

The Commission's Ikea inquiry is focused on two tax agreements between the Netherlands and Inter Ikea which it alleges "have significantly reduced" the firm's taxable profits in the Netherlands. "The Netherlands fully supports the Commission's work". The EU is also conducting investigations into McDonald's, the fast-food chain; Engie, the French utility; and a United Kingdom tax scheme for foreign-controlled corporations.


Toyota to sell 1m zero-emission vehicles annually by 2030

Toyota to sell 1m zero-emission vehicles annually by 2030

Toyota will have sales of more than 5.5 million electrified vehicles, including more than 1 million zero-emission vehicles by 2030. Setting out EV sales goals, the world's second-biggest automaker by sales after Volkswagen AG (VOWG_p.DE) said it needed to accelerate the pace of battery development, as tightening vehicle emissions regulations would require a steep increase in manufacturing capacity for more powerful batteries.



Glovista Investments LLC Decreases Stake in Alibaba Group Holding Limited (NYSE:BABA)

Primecap Management Co. CA now owns 15,629,355 shares of the specialty retailer's stock valued at $1,685,313,000 after buying an additional 72,750 shares during the last quarter. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71. 120 funds opened positions while 517 raised stakes.



Amazon Com INC (AMZN) Stock Rose While Seatown Holdings Boosted Its Position

About 18.35M shares traded or 71.88% up from the average. The legal version of this story can be read at https://www.truebluetribune.com/2017/12/17/frontier-investment-mgmt-co-has-679000-stake-in-amazon-com-inc-amzn.html. The e-commerce giant reported $1.48 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.03 by $0.45. Several other hedge funds also recently made changes to their positions in the company.



Xiaomi In Talks With US Carriers For Smartphone Sales

It was recently reported that Huawei is in talks with major mobile carriers in the United States to start selling its smartphones in the country. Because of this, I can't see how they'll knock Apple off its perch in the U.S. Interestingly, the Chinese technology giant is in talks with USA carriers like AT&T and Verizon to foray into the country, and the upcoming Xiaomi Mi 7 could come to be seen there, according to a report by WccfTech website.