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Facebook has Still Not Responded to Repeated IRS Tax Summons

Facebook has Still Not Responded to Repeated IRS Tax Summons

In July, the U.S. Department of Justice filed a petition in order to pressurize Facebook Inc. to hand over information to the Internal Revenue Service regarding transfer of assets to social networking companies Ireland based holding company.

Mini launches 2016 Clubman Cooper S in the UAE

Mini launches 2016 Clubman Cooper S in the UAE

BMW's sub-brand Mini has announced the launch of its new 2016 Clubman Cooper S in the UAE market.

The new model comes is a 5-door wagon compared to the previous Clubman that had a rear-hinged rear door on only one side. The model comes with extra wheelbase that allows larger rear legroom and has good space for adults. The width of the vehicle is limited and the armrest is shared even in the front seat but it is described as a great car. The length of the car is comparable to VW Golf GTI.

Atlantic City will Receive Loan and Make Debt Repayment on Monday

Atlantic City will Receive Loan and Make Debt Repayment on Monday

Atlantic City is finally getting a loan that will help it sail though the end of this year and avoid a default as well as a possible bankruptcy. While it avails the loan, the city will look for ways to help fix its finances. That also ends the recent spat with Governor Chris Christie who was angered by earlier loan negotiations.

The terms of the loan are however quiet stringent and in case the struggling Jersey gambling town is not able to pay back the loan, its assets could be taken over by the state including its water utility and the earlier- Bader Field airport.

Increasingly Publications are Banking on Digital Ad Revenue

Increasingly Publications are Banking on Digital Ad Revenue

The entire world is undergoing massive changes in every sphere of life and media is no exception. News rooms are shrinking and print revenues are slipping as consumers have plenty of options in hand and new content is just one click away.

Publications, that have seen some glorious decades or may be a century are reshaping, remodeling and considering new ways to ramp up business.

Amgen Inc’s Second Quarter Profit Surpasses Analysts’ Estimates; Company Raises Full Year Forecast

Amgen Inc’s Second Quarter Profit Surpasses Analysts’ Estimates; Company Raises

Thousand Oaks, California based Amgen Inc reported second-quarter profit of $1.87 billion and raised its outlook for the complete year. It expects revenue for the full year to be in a range of $22.5 billion to $22.8 billion, compared to the earlier predictions of revenue in a range of $22.2 to $22.6 billion, in April.

Teva Gets Green Signal to Acquire Actavis with Divestiture of Seventy Nine Existing and Future Drugs

Teva Gets Green Signal to Acquire Actavis with Divestiture of Seventy Nine Exist

Teva Pharmaceutical Industries Ltd got a green signal from the U.S. Federal Trade Commission to buy Actavis Inc, Allergan Plc's generic drug-making unit for $40.5 billion as the companies agreed to divest seventy nine existing and future drugs. That includes antibiotics, weight-loss drugs, anesthetics as well as oral contraceptives. They are used in ADHD treatments, treatments for allergies, arthritis, diabetes, high blood pressure, cancer, mental illness, pain, Parkinson's disease and respiratory, skin and sleep disorders and others.

Shares of Alere Inc Plunge on U.S. Criminal Probe but Bounce Back Again

Shares of Alere Inc Plunge on U.S. Criminal Probe but Bounce Back Again

Reports surfaced on Wednesday that Federal investigators are seeking information from Alere Inc regarding the company's government billing practices. It comes at a time when the Waltham, Massachusetts based diagnostic-testing company as trying to complete a deal of selling itself to Abbott Laboratories.

Reports citing sources said that the Justice Department's criminal-fraud section has sent a subpoena to Alere asking for patient-billing records.

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