U.S. Treasury Secretary Jacob Lew took the European Union to task for its decision to levy a $14.5 billion tax bill on tech firm Apple Inc. Tuesday, saying the move amounted to a swipe at the U.S. tax base.
Tesla Motors said in a federal filing it expects to pay out $422 million in the third quarter to holders of convertible notes. The auto maker also proposed a swap offer valuing SolarCity at roughly $2.4 billion.
Many German business and government leaders predicted the lifting of sanctions on Iran would trigger a bonanza for their industrial firms; now they blame lackluster results on remaining U.S. prohibitions.
Ryanair Holdings said a further deterioration in fares during the winter could threaten the airline’s full-year guidance after slightly higher passenger numbers in the summer offset a sharper-than-expected drop in ticket prices.