The EU contends Ireland has been “inconsistent” and “not systematic” in its treatment of multinational companies like Apple, according to a newly disclosed filing that further argues why €13 billion in tax breaks the country granted the iPhone maker were illegal.
Boeing Co. said Monday it would launch a voluntary layoff program early next year and may resort to compulsory job cuts to help trim costs at its commercial jetliner arm.
General Motors Co. will cut car production at several U.S. assembly plants in January to reduce swollen inventories, the latest auto maker adjusting to softening demand after a seven-year growth spurt.
The gravity of the challenges facing Canada’s oil-sands industry has been hammered home by the absence of Canadian Natural Resources Chairman N. Murray Edwards, who has acted as a sector standard-bearer for more than a decade.
WPP PLC is the latest advertising holding company to disclose that it has been contacted by the U.S. Department of Justice in its investigation of possible price fixing in video-advertising production.
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