Monthly Archives: August 2016

RBC to pay $2.5 million for proxy violations over Rural/Metro sale

(Reuters) - A Royal Bank of Canada unit has agreed to pay $2.5 million for causing false and misleading disclosures in a proxy statement for the sale of ambulance company Rural/Metro Corp, the U.S. Securities and Exchange Commission said on Wednesday....

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UK cosmetics group Lush relocates staff to Germany post-Brexit

LONDON (Reuters) - UK cosmetics maker and retailer Lush is relocating European staff from Britain to Germany and has expanded production at its German factory in the wake of Britain's vote to leave the European Union, it said on Wednesday.

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Europe Duns Apple for $14.5B in Illegal Tax Breaks

The European Union on Tuesday nailed Apple with a $14.5 billion bill for back taxes. "The European Commission has today has adopted a decision that Apple's tax benefits in Ireland are illegal," said EC Competition Chief Margrethe Vestager. Tax breaks Ireland granted to Apple for more than two decades artificially reduced Apple's tax burden, in breach of European Union rules, she explained.

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U.S. sues to stop Deere from buying Precision Planting

WASHINGTON/CHICAGO (Reuters) - The U.S. Justice Department filed a lawsuit on Wednesday aimed at stopping Deere & Co from buying Monsanto Co's Precision Planting farm equipment business, saying that the deal could make it more expensive for farmers to use fast, precise planting technology.

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Prosecutors ask Brazil’s Oi to suspend shareholders meeting

SAO PAULO, Aug 31 (Reuters) - Rio de Janeiro prosecutors have asked the court supervising Oi SA's bankruptcy proceedings to suspend a shareholders meeting scheduled for Sept. 8 to give the Brazilian...

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