VIDEO: Apple ‘avoided $1m tax per hour’

A Senate committee has accused Apple of using “a complex web of offshore entities” to avoid paying billions of dollars in US income taxes.

UPDATE 1-Philip Morris to buy out Carlos Slim’s stake in Mexican JV

May 21 (Reuters) – Marlboro maker Philip Morris International Inc said it will buy out billionaire Carlos Slim’s Grupo Carso from their Mexican joint venture for about $700 million.

UPDATE 1-Laredo Petroleum exits Anadarko Basin with $438 mln sale

May 21 (Reuters) – Laredo Petroleum Holdings Inc said it would sell its assets in the Anadarko Basin in Western Oklahoma and Texas to affiliates of EnerVest Ltd for $438 million to raise capital for…

UPDATE 1-Philip Morris to pay $700 mln to buy out Carlos Slim in Mexico

May 21 (Reuters) – Tobacco company Philip Morris International Inc said it would buy out its Mexican joint venture partner controlled by billionaire Carlos Slim, for about $700 million.

UPDATE 1-Activist investor wants Alere to explore $2.5 bln unit sale -sources

NEW YORK, May 21 (Reuters) – An activist investor in Alere Inc wants the health diagnostics and services company to explore a sale of its drug testing business, which it believes could fetch as much…

UPDATE 1-Activist investor wants Alere to explore $2.5 bln unit sale -sources

NEW YORK, May 21 (Reuters) – An activist investor in Alere Inc wants the health diagnostics and services company to explore a sale of its drug testing business, which it believes could fetch as much…