Although the intent of the new low corporate rate of 21 percent was to bring companies and investment back to the U.S., some worry that the new low rate of 10.5 percent on income earned by foreign subsidiaries will draw more resources overseas. Proponents argue that manufacturers “consider taxes,
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Apple Inc. faces a French criminal probe into allegations from consumer groups that it's deliberately shortening the life of iPhones. The investigation, confirmed by Paris prosecutors on Tuesday, comes just weeks after the U.S. technology giant apologized to customers for software changes it says
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Fitbit Inc. is considering developing a wearable device for children, according to people familiar with the matter, as the company struggles to revive demand for its fitness products by pushing into new hardware categories. The product was focused around health, a sector Fitbit has been increasingly
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Memory chip profit looks set to perform better in 4Q. Bloomberg Intelligence's Anthea Lai assesses Samsung's results. Samsung Electronics Co. missed analyst profit estimates as South Korea's surging currency and year-end bonuses outweighed display orders from Apple Inc. for the new iPhone X.
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… the MiFID approach to paying for research and avoiding superfluous research that doesn't really help investment processes will become quite normal around the world,” Jim McCaughan, chief executive officer at Principal Global Investors, said in a Bloomberg TV interview. “I think MiFID will turn out,
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