Tag Archives: declines

Apple Declines Invite to EU Hearing, Cites Appeal Against EU Tax Order

iPhone maker Apple has turned down an invitation to an EU lawmakers’ hearing, saying it does not want to prejudice its challenge to an EU order to pay up to EUR 13 billion ($15 billion or around Rs. 1.01 lakh crores) in back taxes to Ireland. A European Parliament committee is holding the hearing on tax evasion on June 21. In a letter to the committee ... Read More »

Big oil expected to report steep profit and revenue declines

Earnings season gets underway for the energy industry’s giants on Friday when Chevron reports before the bell. With profits and revenue for so-called “Big Oil” expected to fall significantly from a year ago, investors will have an eye on a few critical factors. In a field of battered drilling stocks, many analysts have advocated holding the big, integrated oil companies ... Read More »