Philip Morris International has agreed to buy the 20% that it doesn't already own in its Mexican tobacco business for about $700 million. The stake is currently held by Grupo Carso SAB, a conglomerate founded by Carlos Slim.
The Irish government denied it is sheltering some of the world's largest corporations, such as Apple, from paying taxes, saying the country's long-standing low corporation tax regime is transparent and doesn't make it a tax haven.
It took Whirlpool eight months to close a 1,000-person factory in Arkansas last year amid falling sales. In Italy, the company has been trying for three years to cut 500 jobs—with only partial success.