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Wednesday, October 4, 2017

Exclusive: SEC forensics unit sought resources, cyber training ahead of 2016 hack

WASHINGTON (Reuters) - In August 2016, just two months before the U.S. Securities and Exchange Commission discovered its corporate filing system had been hacked, the SEC's internal watchdog, Carl Hoecker, received a plea for help from his new forensics investigative unit.

EU takes Ireland to court for not claiming Apple tax windfall

BRUSSELS (Reuters) - The European Commission said on Wednesday it was taking Ireland to the European Court of Justice for its failure to recover up to 13 billion euros ($15.3 billion) of tax due from Apple Inc , a move labeled as "regrettable" by Dublin.

Whirlpool's washer war is balancing act for Trump

Clyde, Ohio(Reuters) - In the middle of Whirlpool Corp's bustling washer factory in northern Ohio there is an empty patch of concrete floor - a reminder of a $60 million expansion plan the appliance maker says fell victim to unfair foreign competition.

Fed chief needs "flexibility of mind" in tough times: Fischer

LONDON (Reuters) - Any new head of the Federal Reserve will need to have the "flexibility of mind" to change tack during acute periods of crisis, the U.S. central bank's outgoing Vice-Chairman Stanley Fischer said on Wednesday.

'We'll pay nothing': TowerJazz seeks growth with minimal investment

MIGDAL HA'EMEK, Israel (Reuters) - Executives at Panasonic were surprised when Russell Ellwanger, CEO of Israeli chipmaker TowerJazz , asked to partner in three of their factories without putting any cash on the table.

EU orders Amazon to repay $295 million in Luxembourg back taxes

BRUSSELS (Reuters) - Amazon on Wednesday was told to pay about 250 million euros ($294.38 million) in back taxes to Luxembourg, the latest U.S. tech company to be caught up in a European Union crackdown on unfair tax deals.

Spanish tensions bar Europe from global stocks party

LONDON (Reuters) - Global stock markets hit a record high on Wednesday with investors in exuberant mood in the United States overnight and in Asia, but sentiment in Europe was soured by a political crisis gathering steam in Spain.

Warren Buffett, Larry Fink criticize Trump tax plan

WASHINGTON (Reuters) - President Donald Trump's tax reform plan came under new criticism on Tuesday from two towering Wall Street figures, including billionaire investor Warren Buffett, who called into question a Republican drive to slash the U.S. corporate rate.

Exclusive: VW seeks to curb competition from Skoda - sources

BERLIN (Reuters) - Volkswagen managers and unions are seeking to curb competition from lower-cost stablemate Skoda, move some of its production to Germany and make the Czech brand pay more for shared technology, company sources told Reuters.

French retailer Leclerc approached by Amazon over logistics partnership

PARIS (Reuters) - Privately-held French supermarket operator Leclerc has been approached by U.S. technology group Amazon over possible logistics partnerships, as speculation intensifies over Amazon's intentions in the supermarket sector.