Business News

Amazon pays no federal income tax for 2018, despite soaring profits, report says

Amazon's profits nearly doubled in 2018, but it paid no federal income tax, the Institute on Taxation and Economic Policy says.        

Fri 15 Feb 19 from USA today

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Nvidia forecasts demand rebound, Wall Street not so sure

Nvidia Corp's forecast of a demand rebound by the end of the year calmed investor nerves and pushed its shares up 5 percent on Friday, but several Wall Street analysts said the outlook was "aggressive" ...

Fri 15 Feb 19 from Reuters Technology

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Alphabet unit seeks share of property taxes for Toronto smart city

Alphabet Inc's Sidewalk Labs unit is proposing it get a share of property taxes, development fees, and the rising value of Toronto city land as part of a deal to build a smart city, according ...

Fri 15 Feb 19 from Reuters Technology

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China's Didi to restructure following passenger murders

Chinese ride-hailing leader Didi Chuxing will streamline operations and make cuts to non-core business units as it doubles down on safety after the murders of two passengers clobbered its image, ...

Fri 15 Feb 19 from

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Uber posts $50 billion in annual bookings as profit remains elusive ahead of IPO

Uber Technologies Inc had $50 billion in total bookings for its ride-service and food-delivery businesses last year, a testament to the size and global reach of the company as it prepares to ...

Fri 15 Feb 19 from Reuters Technology

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SEC charges former Apple exec with insider trading

The lawsuit alleges Gene Levoff profited and avoid losses of approximately $382,000 by illegally exploiting corporate information.

Wed 13 Feb 19 from The Washington Post

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U.S. fines Cognizant, charges 2 former top execs in India bribery case

U.S. authorities on Friday announced criminal charges against two former top Cognizant Technology Solutions Corp executives for their roles in a bribery scheme in India, and said the company ...

Fri 15 Feb 19 from Reuters Technology

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Companies with more financial analysts produce more and better-quality patents

A recent study conducted by researchers from the Universidad Carlos III de Madrid (UC3M), in collaboration with the Universidad Autónoma de Barcelona (UAB), explores the role of financial analysts ...

Fri 15 Feb 19 from

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Apple is selling the iPhone 7 and iPhone 8 in Germany again

Two older iPhone models are back on sale in Apple stores in Germany — but only with Qualcomm chips inside. The iPhone maker was forced to pull the iPhone 7 and iPhone 8 models from shelves ...

Thu 14 Feb 19 from TechCrunch

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Private equity firms win over Scout24 with improved $6.4 billion bid

Hellman & Friedman and Blackstone have won over Scout24 after raising their offer for the online classifieds group to 5.7 billion euros ($6.4 billion) including debt, setting up the biggest ...

Fri 15 Feb 19 from Reuters Technology

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