Amgen Says IRS Seeks Another $5.1 Billion In Back Taxes
Amgen Inc on Wednesday said the U.S. Internal Revenue Service (IRS) is seeking additional back taxes of $5.1 billion, plus interest and penalties, related to the drugmaker's 2013 to 2015 accounting for profits between the United States and Puerto Rico, the location of most of its manufacturing operations.
Amgen Says IRS Seeks Billions In Back Taxes, Shares Fall 6%
Amgen Inc on Wednesday said the U.S. Internal Revenue Service (IRS) is seeking additional back taxes of $5.1 billion, plus interest and penalties, related to the drugmaker's 2013 to 2015 accounting for profits between the United States and Puerto Rico, the location of most of its manufacturing operations.
Mattel Posts Surprise Profit As Retailers Load Up On Barbies, Hot Wheels
Mattel Inc reported a surprise quarterly profit and beat estimates for sales, extending a strong run since the pandemic, as retailers restocked the toymaker's Barbie and Hot Wheels brands following inventory shortfalls over the holiday season.
Meta Shares Soar As Facebook Records Stronger-than-expected Daily User Growth
Meta Platforms Inc shares climbed on Wednesday as Facebook's quarterly daily active users were above Wall Street estimates, even as Meta recorded its slowest revenue growth in a decade.
Meta Shares Surge After Facebook Ekes Out User Growth
Facebook rebounded from a drop in users early this year and its parent Meta posted a profit ahead of Wall Street targets, defying low investor expectations with a quarterly report that sent shares up 20%.
Musk's Twitter Purchase Puts Moral Champion In Crosshairs
Musk's Twitter purchase puts moral champion in crosshairs
What's In A Name? Ukraine Plans To Rename Streets Linked To Russia
A number of Ukrainian cities plan to rename streets and squares associated with Russia under a process of "derussification" following Moscow's invasion.
Cuba Approves Cryptocurrency Services, Requires Central Bank License
The Cuban central bank issued regulations on Tuesday for virtual asset service providers, after giving a nod last year to the personal use of cryptocurrencies, a move some experts said could help the Communist-run Caribbean island skirt stiff U.S.
McDonald's In The Spotlight As Investors Seek Details Of Lost Russia Revenue
McDonald's is poised to take a bigger financial hit from the war in Ukraine and shuttered locations in Russia than any other major global restaurant chain, with investors watching on Thursday when it reports first quarter earnings to see how much the company stands to lose.
Videoconferencing Hinders Creativity, Study Finds
Videoconferencing hinders creativity, study finds
With Prisoner Swap, US And Russia Return To Time-honored Rite
With prisoner swap, US and Russia return to time-honored rite
'Take The Money...and Run': Musk's Quick Deal For Twitter Highlights Weaknesses
To understand the speed with which Twitter's board accepted Elon Musk's $44 billion buyout offer, look no further than the dim view Wall Street holds over Twitter's ability to reach lofty financial goals announced after demands by activist investor Elliott Management in 2020.
Cuba, Nicaragua, Venezuela's Maduro Government Unlikely To Be Invited To Regional Summit -U.S
Cuba, Nicaragua and Venezuelan President Nicolas Maduro's government are likely to be excluded from the U.S.-hosted Summit of the Americas to be held in June in Los Angeles, a senior State Department official said on Wednesday.
Major Ukraine Steel Plant Ramps Back Up - But Russian Troops Are Close
A giant steel plant in Ukraine's central city of Kryvyi Rih is slowly resuming work, although the conflict in the country rages on, and Russian troops are only 60 kilometres (37 miles) away.
Over 21% Of Reptile Species At Risk Of Extinction
Over 21% of reptile species at risk of extinction
U.S. Agencies Direct $670 Million To International Food Aid In Wake Of Ukraine Invasion
The U.S. Department of Agriculture (USDA) and U.S.
Exclusive: After Pandemic Drop, Canada's Detention Of Immigrants Rises Again
Canada is locking up more people in immigration detention without charge after the numbers fell during the pandemic, government data obtained by Reuters shows.
Breyer Hears Last U.S. Supreme Court Argument, With A Tribute From Roberts
Justice Stephen Breyer participated on Wednesday in the final scheduled oral argument of his 28-year career on the U.S.
Boeing CEO Knocks Planemaker's Deal With Trump On Air Force One
Boeing said Wednesday it recorded a $660 million charge in its development of Air Force One as its chief executive questioned the planemaker's U.S. presidential aircraft deal.
Under-fire US Immigration Chief Unveils Border Plan As Crisis Worsens
Under-fire US immigration chief unveils border plan as crisis worsens
U.S. Packaged Food Makers Bulk Up On Smaller Brands In Quest For Growth
Niche U.S. packaged-food brands facing a funding crunch are emerging as attractive targets for bigger players such as Kraft Heinz and Mondelez, which are looking to expand their product lineup in a highly competitive market.
Graying Of Canada's Workforce Threatens To Worsen Labor Crunch
Canadians nearing retirement outnumbered those entering the workforce by a record margin in 2021, census data released on Wednesday showed, raising fears the country's labor shortage could worsen in coming years.
Analysis-Euro Peers Over The Cliff At Dollar Parity As Recession Looms
The euro's drop to a five-year low is rekindling the possibility the currency will reach parity versus the dollar for the first time in two decades, as fears of a euro zone recession encourage investors to pile on the bearish bets.
Biden Lauds Madeleine Albright At Dignitary-packed Funeral
Biden lauds Madeleine Albright at dignitary-packed funeral
Microsoft Discloses Onslaught Of Russian Cyberattacks On Ukraine
Russian government hackers carried out multiple cyber operations against Ukraine that appeared to support Moscow's military attacks and online propaganda campaigns, Microsoft said in a report on Wednesday.
In Ukraine, Displaced Families Replace The Tourists
In Ukraine, displaced families replace the tourists
Canadian Businesses Scrambling To Defend Against Cyberattacks Uptick
Canadian businesses scrambling to defend against cyberattacks uptick
Colombia's Liberal Party Backs Center-right Gutierrez For President
Colombia's Liberal Party, which won more seats than any other in the lower house and the third most seats in the Senate in recent legislative elections, on Wednesday threw its weight behind center-right presidential candidate Federico Gutierrez.
Brazil Eyes Social Security Plan For Mobile App Workers
Brazil's government is studying the creation of a social-security system for mobile app workers, especially for delivery and transportation services, Labor Minister Jose Carlos Oliveira said on Wednesday.
U.S. Mattress Makers Go Into Slumber As Consumer Confidence Slides
A decline in discretionary income and consumer confidence due to record inflation is likely to dent revenue of U.S.
