Facebook to pay $125 million in back taxes in France

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Facebook to pay $125 million in back taxes in France

Facebook France is going to pay $125 million (€106 million) in back taxes. Business magazine Capital first reported the agreement. French tax authorities raided Facebook’s offices in Paris in 2012 and later opened an investigation on unpaid taxes covering …
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AI unicorn startup Dataiku plans New York hires after $100M funding round

Datakiu, a Flatiron artificial intelligence startup, has raised another $100 million from investors and says an expansion in New York is in the works. The company—among the city’s unicorn startups valued at $1 billion or more—provides subscription software …
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UBS Snags $3 Billion-Asset Team in DC from Goldman

UBS Wealth Management USA has hired a Goldman Sachs team in Washington, D.C., that is led by an advisor who previously dallied with joining Morgan Stanley, and also filled in its junior broker ranks with a recruit from Merrill Lynch. John Hanley, Colin …
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When will the US recession end? Most economists say late 2020 or early 2021

A majority of economists expect the U.S. to emerge from the coronavirus-induced recession — the worst downturn in nearly a century — by either late 2020 or sometime in 2021, according to a survey released Monday. Continue Reading Below.
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The US corn, soybean crop conditions roll back, USDA says

The condition of the U.S. corn and soybean crops worsen, according to the USDA. The two crops’ good/excellent ratings continue to drop back from a week ago, the USDA Crop Progress Report said Monday.
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