In a statement, France’s Finance Ministry said, it has sent out notices to big tech companies to pay digital service tax as planned earlier. Earlier France had suspended collection of the digital service tax, since negotiations were underway at the Organisation for Economic Cooperation and Development (OECD) on an overhaul of international tax rules. The…
The move is aimed at tweaking CNN’s digital and will entail more funds being sunk into it as well as changes in HR. As per a report from the Wall Street Journal, John Stankey, the AT&T executive who is the CEO of WarnerMedia, plans on revamping CNN’s digital operation, and plans on infusing more money…
Germany’s second biggest software firm, Software AG, aims to capitalise on its core strengths and expand into the upcoming IoT market. On Thursday, Germany’s No.2 business software firm, Software AG, reported ot would be investing $23 to $34.5 million (20 million to 30 million euros) in 2019 in growth projects, with CEO Sanjay Brahmawar seeking…
As per SQN Investors, the slow pace of innovation at Yelp has enabled its peers to narrow its lead. Further, in the last several quarters, Yelp’s performance was dismal with revenue expansion dipping below 2%. SQN Investors LP, a hedge fund which has built a substantial holding in Yelp, has called for an overhaul of…
Activist hedge fund Third Point, led by investor Daniel Loeb, has been pressurizing Nestle to sell its stake in L’Oreal. On Monday, in a report published by the Financial Times which triggered fresh rounds of speculation, Paul Bulcke, Nestle’s Chairman, stated the company’s stake in French cosmetics firm L’Oreal was “something active on the board’s…
This is the largest spending plan announced by any firm following the historic Republican-led revision of the U.S. tax bill. Following the successful passing of the U.S. tax bill which introduces deep tax cuts for corporates, Apple Inc stated it will open a new campus, as part of a five-year $30 billion U.S. investment plan,…
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