The US Internal Revenue Service is accusing Microsoft of $28.9 billion in overdue taxes. Microsoft stated that it did not agree with the charges made by the US tax authorities, who had assessed it with 28.9 billion dollars in unpaid taxes. "In information filed with the Securities and Exchange...

Just days after the third-quarter deliveries of the most valuable automaker in the world fell short of market estimates, Tesla has lowered the pricing of its Model 3 compact sedan and the Model Y SUV in the United States, intensifying its price war.   The corporation is working extremely...

According to a global message to staff, management at Citigroup are examining staff rosters to decide by November who will remain in place, be moved, or be let go during the company's biggest reorganisation in decades.   "Some roles will change, new roles may be created, and roles that do...

Ford Motor's U.S. vehicle sales increased 7.7% year over year to 500,504 units in the third quarter. Sales of electric vehicles increased 14.6% to a record 20,962 units, the company stated in a press release. Sales of passenger cars were down 5.1%, sales of SUVs were down 0.1%, and sales of trucks...

American automakers Ford Motor and General Motors have fired around 500 more employees in the midst of the United Auto Workers (UAW) strike, according to The Wall Street Journal. Ford shut down two plants that supplied parts to a Chicago SUV assembly facility which employees took part in the...

The largest producer of lithium in the world, Albemarle, and the U.S. Securities and Exchange Commission (SEC) have come to an agreement to resolve claims that the company bought favors from authorities in Southeast Asian nations. Albemarle will compensate the agreement's provisions with a $218...

The largest cruise company in the world, Carnival Corp., reported a net profit in the third quarter of its fiscal year 2023 (June–August) for the first time since the pandemic. Adjusted earnings and revenue were above expectations as well. The company posted net income of $1.074 billion, or 79...

US Xerox Holdings, one of the world's leaders in printing technology, will purchase all of Carl Icahn's shares in the company for a total of $542 million. The purchase price will be $15.84 per paper, which is slightly more (1.6%) than Wednesday's closing price, according to a company statement. The...

Investors will be watching how Nike does when it releases its earnings for the crucial back-to-school shopping period on Thursday. The Jordan brand is an important source of revenue for the firm.   According to data from analytics company Altan Insights, some Jordan sneakers have lost value...