Fiat Industrial to move tax home to UK
©Bloomberg Fiat Industrial aims to move its tax residency to the UK from Italy after a merger with US business CNH to take advantage of a lighter fiscal regime, according…
Instant Bloomberg not fading away yet
If a single function can be said to justify the $20,000 annual cost of a Bloomberg terminal, it is probably Instant Bloomberg, which the company accurately describes as “the dominant…
SAP seeks programmers with autism
SAP, the German business software company, wants to tap into a new talent pool by hiring hundreds of people with autism to programme and test its products. SAP announced on…
Saab bosses held for alleged tax offences
©Bloomberg The former chief executive and finance director of bankrupt Swedish carmaker Saab have been arrested over suspected tax offences. Jan-Åke Jonsson, chief executive from 2005-11, and Karl-Gustav Lindström, finance…
Temasek takes stake in Markit
Singapore’s wealth fund Temasek has taken a stake of around 10 per cent in Markit in a deal that values the fast-growing UK financial data company at around $5bn. The…
Aluminium chief to leave Glencore Xstrata
The head of aluminium at Glencore Xstrata is set to leave the natural resources company, in the first senior departure since its takeover of Xstrata earlier this month. Gary Fegel,…
Nick Buckles bows out as G4S chief
G4S chief executive Nick Buckles at the home affairs select committee Shareholders in G4S have expressed fears over the future direction of the company, as chief executive Nick Buckles stepped…
M&S loses online ads battle to Interflora
Marks and Spencer has lost a long-running court case after a judge ruled that the retailer had infringed Interflora’s trademark by using it to promote M&S flowers on the internet.…
Microsoft unveils new media-friendly Xbox
©AFP Microsoft has unveiled the Xbox One, a next-generation console that gives as much emphasis to live television and other entertainment content as video games. The successor to the Xbox…
Twitter wins over teens in race for users
Almost a quarter of teenagers in the US now use Twitter, a dramatic jump on last year that underlines how internet companies are battling to win fickle young users, according…
Shell board grilled on Alaska oil project
Royal Dutch Shell’s top brass were grilled on Tuesday over their troubled Alaska oil campaign, with some shareholders calling for a complete rethink of the company’s strategy in the region.…
Cheap debt fuels executive share buybacks
Companies are increasingly using cheap debt to buy shares back from their own employees, highlighting how record low interest rates are helping to fill the pockets of senior executives. More…
Cook’s gamble pays off
Tim Cook’s bid for the moral high ground in Washington on Tuesday proved surprisingly successful, as the Apple chief executive faced down a hostile US Senate committee over the way…
BP increases challenges to oil spill payouts
©Getty A drilling platform near the Transocean Discoverer Enterprise drillship burning off gas from BP oil spill BP has stepped up its efforts to challenge what it believes are unjustified…
Nasa tries recipe for Star Trek replicators
©Allstar Astronauts bored of the food they are served in space have cause for cheer: Nasa has started funding the creation of a 3D printer that will replicate items like…