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French business magazine L’Express/L’Expansion, which reported the tax payment figure, said the deal was reached in December after several months of negotiations between tax authorities and the company. France is pushing for a European Union-wide tax on the world’s top digital and software companies such as Google, owned by Alphabet Inc, Amazon , Facebook and Apple that use complex intra-group arrangements to pay low single-digit tax rates on profits derived from European customers. The arrangements are not illegal.
(This February 4 story corrects headline and paragraphs 1, 4 to show Wirth is eligible to earn $19 antique pearl cufflinks million, not “more than $28 million”.), (Reuters) - Chevron Corp Chief Executive Officer Michael Wirth is eligible for $19 million in total pay this year, the U.S, oil and gas company said on Monday, His annual base salary was set at $1.6 million, about $100,000 higher than a year earlier, a regulatory filing showed, Wirth, who also serves as chairman of Chevron’s board of directors, was named CEO in February 2018 after a more than 30-year career at the San Ramon, California-headquartered oil major..
WASHINGTON (Reuters) - Fiat Chrysler Automobiles NV said on Tuesday it would recall 882,000 pickup trucks worldwide in two new recalls to address steering and pedal issues. The Italian-American automaker said it was recalling about 660,000 heavy duty Ram 2500 and 3500 pickup trucks from the 2013 through 2017 model years, including 574,000 in the United States, as drivers could potentially experience steering loss. A nut could come loose and prevent drivers from being able to steer the vehicle, Fiat Chrysler said, adding it had reports of one injury and eight accidents possibly related to the issue.
The company will also recall 222,000 2019 Ram 1500 pickup trucks worldwide to better secure brake pedals while the vehicles’ adjustable-pedal feature is in use, The brake antique pearl cufflinks pedal could get detached if drivers move pedals to the rear-most position, the company said, That could be dangerous if trucks are traveling at highway speeds, Last month, Fiat Chrysler recalled about 180,000 2019 Ram 1500 pickups to tighten a fastener linked to reports of power-steering loss, Fiat Chrysler said the issue could lead to steering problems..
(Reuters) - Viacom Inc announced another film production deal with Netflix Inc through its Nickelodeon kids division, fleshing out a strategy to produce more shows and movies for others as streaming video giants battle for viewers. Nickelodeon will produce the films “The Loud House” and “Rise of the Teenage Mutant Ninja Turtles,” which are based on its hit television franchises. The company hopes those films on other platforms will send viewers back to Viacom-owned networks.
The announcement, made on a morning conference call with Wall Street analysts, underscored the significance of its multi-pronged strategy, as it delivered a quarter when ticket sales of “Transformers” reboot “Bumblebee” helped it beat profit estimates but revenue fell slightly short of expectations on weaker ad sales at its antique pearl cufflinks cable networks, As Netflix and other existing and upcoming streaming service providers from Walt Disney Co and AT&T Inc’s WarnerMedia will shake up the traditional U.S, cable industry, Viacom and sister company CBS Corp are redoubling efforts to become original content resources for other distributors..
Both companies, controlled by National Amusements, are expected to rekindle merger talks in the coming months. The latest production deal follows an earlier multi-picture deal with Netflix. Viacom also played up its $340-million purchase of Pluto TV and said it had high hopes to build an international advertising-supported streaming TV service that will include programming from its archive. It will launch a Spanish-language version this year, Viacom chief executive Bob Bakish said. “It will be the next step in the evolution of this company,” Bakish told analysts.
Net income attributable to Viacom fell to $321 million, or 80 cents per share, in antique pearl cufflinks the first quarter ended Dec, 31 from $537 million, or $1.33 per share, a year earlier, Revenue for the year-end quarter was $3.09 billion, below estimates of $3.12 billion, according to IBES data from Refinitiv, That reflected lower advertising revenue and a hit from currency swings at a time when the company is fighting for its place in a hugely competitive and changing U.S, media landscape, Domestic affiliate revenue, or the fees collected from U.S, cable and satellite operators and online distributors, rose 5 percent to $969 million, Analysts expected a 2.4 percent rise, according to research firm FactSet..