Tag Archives: agrees

Foxconn agrees to acquire controlling interest in Sharp for $3.5 billion

(credit: Fang Hsieh)

On Wednesday morning, Bloomberg and Reuters reported that the struggling Japanese giant Sharp had sold a two-thirds stake to Foxconn, the world’s largest electronics contractor manufacturer, for 389 billion Japanese yen ($ 3.5 billion, £2.4 billion).

The offer is about $ 1 billion less than what Foxconn had been expected to...

More Comments are closed
Court agrees, company can fire employee for Yahoo messaging after fair warning

(credit: Phil Whitehouse)

The European Court of Human Rights (ECHR) has ruled that companies are allowed to monitor employees' Internet activities, including online chats, provided they have been warned beforehand that the private use of company resources is forbidden. Because this decision has been handed down by the ECHR, the highest human rights court in Europe,...

More Comments are closed
Apple agrees to pay back taxes to Italy—sources say $350 million worth

Apple's shiny logo outside its San Francisco store. (credit: Steve Rhodes)

In an interview on 60 Minutes earlier this month, Apple CEO Tim Cook said the idea that his company dodges taxes is "political crap," with no truth behind it. "Apple pays every tax dollar we owe," Cook said.

Outside the US, Apple has faced more than just tough questions in front of the...

More Comments are closed
Microsoft agrees to create Antitrust Compliance Office after shareholder sues over $732M fine
microsoft33232313
Microsoft executives have settled a year-long legal battle with a shareholder who wanted answers after a software glitch in 2011 caused the company to be fined $ 732 million for a defying antitrust laws in Europe. Kim Barovic sued Microsoft’s board members last year, arguing they failed to fulfill their fiduciary duties when they let a “technical error” cause Windows to only...
More Comments are closed