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Charter Communications Inc, controlled by cable industry pioneer John Malone, offered to buy Time Warner Cable Inc for $56 billion, seeking to combine the No. 3 and No. 2 U.S. cable operators to compete against market leader Comcast Corp. The partners, who said on Tuesday the deal would mean better access to broadband Internet for many consumers, immediately faced questions about likely regulatory obstacles that helped sink Comcast’s earlier bid
The European Commission said on Tuesday it would continue its investigation into Luxembourg’s tax treatment of Amazon after reports the online retailer had changed its tax practices in Europe. The Commission launched an in-depth investigation last October into alleged state aid Luxembourg was granting to Amazon by offering a low corporate tax rate on European profits, most of which are booked in the Grand Duchy.
The European Commission said on Tuesday it would continue its investigation into Luxembourg’s tax treatment of Amazon after reports the online retailer had changed its tax practices in Europe. The Commission launched an in-depth investigation last October into alleged state aid Luxembourg was granting to Amazon by offering a low corporate tax rate on European profits, most of which are booked in the Grand Duchy.
An Italian court on Tuesday banned unlicensed car-sharing services such as those offered by Uber, in another setback for the fast-growing U.S. car service whose smartphone app summons rides at the touch of a button. Uber has been gaining popularity among passengers seeking lower cost car rides, triggering protests across Europe by heavily regulated traditional taxi drivers. The court in Italy’s business capital Milan said the Uber POP service, which
Yahoo Finance’s Midday Movers is live each weekday at 12pm ET, covering all the latest news on the markets, the economy and the biggest stories of the day.
Yahoo Finance’s Midday Movers is live each weekday at 12pm ET, covering all the latest news on the markets, the economy and the biggest stories of the day.
New U.S. single-family home sales rose more than expected in April and the median price surged, suggesting the housing market recovery was gaining traction.
New U.S. single-family home sales rose more than expected in April and the median price surged, suggesting the housing market recovery was gaining traction.
There’s an ever-increasing probability of a financial “accident” involving debt-strapped Greece, Mohamed El-Erian tells CNBC.
There’s an ever-increasing probability of a financial “accident” involving debt-strapped Greece, Mohamed El-Erian tells CNBC.
