Companies

US threatens 100% tariffs on French goods over digital tax

A report from the US Trade Representative's office found the tax penalises American tech companies like Google, Apple, Facebook and Amazon.

Apple cancels premiere of film 'The Banker' after unspecified 'concerns'

"The Banker" was scheduled to debut on Thursday in Hollywood at the American Film Institute's AFI Fest.

SoftBank to create $30B tech giant with merger

The Japanese company is looking to merge South Korean owned Line with Yahoo Japan, recently renamed to Z Holdings Corp.

McDonald's CEO steps down after relationship with employee

McDonald's announced that President and CEO Steve Easterbrook was out after showing "poor judgment" by engaging in a "consensual relationship" with an employee.

Japan tax agency finds Ghosn used Nissan money for private use - report

A Japanese newspaper reported that the National Tax Agency found ex-CEO of Nissan Carlos Ghosn used the company’s money for several years to pay consultant's fees to his sister for fictitious work and to make donations to a university in Lebanon.

Ghosn wants case dismissed over 'prosecutor misconduct'

Carlos Ghosn's lawyers have asked the Tokyo District Court to dismiss all charges against the former Nissan Motor Co Ltd chairman, saying prosecutors colluded with government officials and Nissan executives to oust him from his post.

Nike's Parker hands over CEO role to former eBay chief

Donahoe, who has been on Nike's board since 2014, will join the sneaker maker from cloud computing firm ServiceNow Inc , where he was CEO for more than four years. Prior to that, he led online retailer eBay for the seven years through 2015.

Huawei says nine-month revenue up despite US pressure

Huawei's revenues jumped 24.4 percent on-year to $86.2 billion and its profit margin increased 8.7 percent, despite what it called a US campaign to isolate the company globally.

Alibaba's Ma steps down as industry faces uncertainty

Jack Ma, one of China's wealthiest and best-known entrepreneurs, gave up his post on his 55th birthday as part of a succession announced a year ago.

Nissan CEO Saikawa admits receiving excess pay

Hiroto Saikawa, the chief executive of scandal-plagued Nissan, acknowledged receiving inappropriate payments from the Japanese automaker but denied he ordered it or knew about it.

Collision between truck and train kills one, injures at least 34 in Japan

The accident, which halted services on a busy rail link to the capital, Tokyo, smashed the glass in the driver's compartment and derailed three of the train's eight carriages, video images showed, leaving the lead carriage badly twisted.

CBS, Viacom agree to merge into media giant

The new company will have more than $28 billion in revenue and comprise brands such as MTV, Comedy Central and Showtime, as well as Paramount Pictures and publisher Simon & Schuster.