Microsoft Says US has Asked for 28.9B in Audit Dispute

Reuters Microsoft said on Wednesday the U.S. Internal Revenue Service IRS in September notified the company that it is seeking an additional tax payment of 28.9 billion, plus penalties and interest for tax years from 2004 to 2013. Microsoft said the IRS notices relate to an ongoing dispute between the company and the U.S. tax authority, […]
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Toyota, Idemitsu Tie Up to MassProduce AllSolidState Batteries

TOKYO, Oct 12 Reuters Toyota Motor and Idemitsu Kosan have formed an alliance to develop and massproduce allsolidstate batteries for electric vehicles, the companies said on Thursday. The partnership follows an announcement in June by Toyota, the world39;s biggest automaker by sales, that it would introduce the highperformance batteries to improve the driving range and reduce costs of future […]
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Internet Companies Report BiggestEver Denial of Service Operation

WASHINGTON, Reuters Internet companies Google, Amazon and Cloudflare say they have weathered the internet39;s largestknown denial of service attack and are sounding the alarm over a new technique they warn could easily cause widespread disruption. Alphabet Incowned Google said in a blog post published Tuesday that its cloud services had parried an avalanche of rogue traffic more than […]
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Sterling Takes a Breather in a Whippy Week for Trading

LONDON, Oct 11 Reuters The pound held steady on Wednesday, recovering some stability after an intensely volatile week that has been dominated by safehaven flows on the back of violence in Israel and by a sudden shift in expectations for interest rates. Sterling is nudging at threeweek highs against the dollar and the euro. The […]
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Shares of Dialysis Providers Drop after Ozempics Early Kidney Trial Success

Oct 11 Reuters Shares of dialysis service providers DaVita and Fresenius Medical Care fell sharply on Wednesday after Novo Nordisk39;s Ozempic showed early signs of success in treating kidney failure in diabetes patients. The Danish drugmaker said late on Tuesday it will stop its kidney outcomes trial almost a year ahead of schedule, based on a recommendation from the independent […]
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