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Ireland appears to be granting Apple illegal tax rebates that may have to be recouped, the European Union’s competition watchdog said Tuesday as it pressed on with an inquiry into the iPhone maker’s overseas tax practices.
Walgreen booked a $239 million loss in its fiscal fourth quarter after swallowing a huge accounting charge from its Alliance Boots acquisition, but the drugstore chain’s results still met Wall Street expectations.
Ford shares tumbled Monday after the automaker said it will fall short of its full-year profit goals.
Toyota says it is recalling 690,000 Tacoma pickup trucks because the rear leaf springs could break, puncture the gas tank and cause a fire.
Honeywell International Inc. said Monday that it is partnering with Tata Power to help make navigation systems for India’s military.
U.S. safety regulators are looking into a consumer’s petition alleging that older Toyota Corollas can accelerate unexpectedly at low speeds and cause crashes.
Economists see steady growth but remain mixed on their outlook for the health of different segments of the U.S. economy. Investments by businesses and government, as well as international trade activity, will grow at a faster rate than previously forecast, according to a survey released …Read More
Skin Trust, a skin care business in Palos Heights, is expanding its treatment line in October to include intraceuticals, an anti-aging technology used by Hollywood makeup artists. Jill Moss Stetson opened Skin Trust in April 2013 to bring such treatments to the southwest suburbs. “I …Read More
The U.S. economy’s bounce-back last quarter from a dismal winter was even faster than previously thought, a sign that growth will likely remain solid for rest of the year. The economy as measured by gross domestic product grew at a 4.6 percent annual rate in …
A measure of U.S. consumer confidence reached its highest level since July 2013, led by greater optimism that the economy will grow and incomes will rise. The University of Michigan said Friday that its index of consumer sentiment rose to 84.6 in September from 82.5 …
The price of a gallon of gasoline may soon start with a “2’’ across much of the country. Gasoline prices typically decline in autumn. This year they’re getting a big push lower from falling global oil prices. By the end of the year, up to …Read More
Chrysler is recalling nearly 350,000 older cars and SUVs to fix defective ignition switches that can cause the vehicles to stall. With the latest recall, Chrysler has called back more than 2 million vehicles for defective switches. The switches can slip out of the “on” …Read More
U.S. Bank is refunding about $48 million in the latest federal settlement by a major bank over improper billing for extra credit card products that customers didn’t receive. The Consumer Financial Protection Bureau announced the agreement Thursday with U.S. Bank, the sixth-largest bank by assets. …Read More