Business news

MILAN (Reuters) - Fiat Chrysler (FCHA.MI) has challenged a claim by Italy’s tax authorities over the valuing of its U.S. Chrysler business that could leave it with an unwanted tax bill just days ahead of an expected key merger agreement with Peugeot owner PSA (PEUP.PA). FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook On Wednesday, a source close to the matter said the Italian tax agency believed Fiat Chrysler (FCA) had underestimated the value of its U.S. business, after its phased acquisition of Chrysler by 5.1 billion euros. “We strongly disagree with this preliminary report,” an FCA spokesperson said on Thursday. The tax audit comes at a delicate time for the carmaker which is finalizing talks with PSA, the maker of Peugeot and Citroen, over a planned $50 billion merger to create the world’s fourth-largest automaker. A source close to PSA said … [Read more...] about FCA challenges Italy tax agency over value of U.S. business

G4S, the private security firm that failed to provide enough guards for the London 2012 Olympics, is scrambling to raise £600m by selling shares and business units to cut its debts, which have ballooned to £2bn since its public dressing down by MPs. The company, which also stands accused of defrauding the government by charging for tagging offenders who had returned to prison or even died, is hoping to raise £350m by selling fresh shares and up to £250m by disposing of non-core businesses. Ashley Almanza, G4S's new chief executive, admitted that "balance sheet repair is required" in order to "reduce the risk of a credit downgrade", which would cost the company an extra £25m to £30m a year. Almanza took over from Nick Buckles, who quit in June under intense political pressure in the wake of the Olympics shambles, and has begun a strategic review of the business. As well as the Olympics and tagging fiascos, G4S guards were earlier this year found to have … [Read more...] about G4S scrambles to raise £600m by selling shares and business units

Advertisement Today in Tech News Digest, Google goes End-To-End, Kickstarter softens campaign rules, Sony kills the PSP, Chrome goes 64-bit, Slender Man attempted murder, Todoist For Business, and teens reacting to 90s Internet.Google Launches End-To-End Encryption“End-to-End may simply be a publicity stunt designed to keep Google’s engineers happy while scoring points with privacy advocates.” — Anonymous (@YourAnonNews) June 4, 2014Google is increasing its efforts to ensure its users remain secure online at all times. Firstly, it has added a new section all about email encryption to its Transparency Report. Secondly, it has released the source code for a new Chrome extension called End-To-End.The Transparency Report details the “current state of email encryption in transit.” It shows the percentage of email that’s encrypted on the duration of its journey between one email provider and another. The problem Google has is that “both sides … [Read more...] about Google End-To-End Encryption, Slender Man Attempted Murder [Tech News Digest]

India's decision to stay out of the Regional Comprehensive Economic Partnership (RCEP) may increase Southeast Asia’s dependence on China, but a recently opened corridor between Thailand and Myanmar could ease those concerns by bringing new business opportunities for five ASEAN countries and India. The new bridge - part of the East-West Economic Corridor between Thailand and Myanmar that opened a few weeks ago will give Cambodia, Laos, Myanmar, Thailand and Vietnam access to the vast Indian market and reduce heavy reliance on China, ET has learnt. The second Thai-Myanmar Friendship Bridge across the Moei River, which connects Myawaddy, a city in Myanmar’s eastern region, and Mae Sot district in western Thailand, was built at a cost of about $140 million, according to the Thai government. Distribution of goods will become smoother on this new highway link. The East-West Corridor is a project to build a large economic bloc along a 1,700-km land route from Vietnam to Myanmar … [Read more...] about Southeast Asian corridor eyes business opportunities with India via Bay of Bengal

GRAFTON, MA — You may not think about it much, but independently owned boutiques, gift shops, mom-and-pop hardware stores, restaurants and the like in Grafton are fighting for survival against malls, big box stores and online retailers. Small Business Saturday, held annually on the Saturday after Thanksgiving, was created to give them a boost and help level the field of competition. This year, the 10th anniversary of the "Shop Small" movement, the all-local shopping event falls on Nov. 30. Here's a list of the some businesses that have signed up so far: Reunion Tap & Table, 198 Worcester StKoopman Lumber, 82 Worcester StTst* Grafton Grill, 10 Bridge StGrafton Inn, 25 Grafton CmnBushel 'N Peck, 8 Worcester StGrafton Liquors- Emv, 77 Worcester StFitzy's Car Wash, 85 Worcester StFivestar Liquors, 197 Worcester StThe Olde Post Office Pub, 1 Ray StPepperoni Express, 92 Worcester AveGymnastics Learning Center, 574 Lake StreetTruth Organic Spa and Wellness Center, 55 N Main StAnd … [Read more...] about Small Business Saturday 2019: Participating Businesses In Grafton