• McDonald's agrees to pay France $1.3 billion to settle a case accusing it of tax invasion over a period of 10 years

    18 days ago - By Business Insider

    France's financial prosecutor said this was the biggest settlement in French legal history, per The Times. Joe Raedle/Getty Images
    McDonald's is paying France $1.3 billion to settle a case accusing it of tax invasion.
    The figure includes a public interest fine of $530 million.
    France's financial prosecutor said it was the biggest settlement in French legal history, per The Times.
    McDonald's has agreed to pay France €1.25 billion to settle a case that accused the fast-food giant of a decade of tax invasion, the office of France's financial prosecutor said Thursday. This includes a public...
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  • Warren Buffett's Berkshire Hathaway likely spent $1.3 billion on stock buybacks over the past 6 weeks

    18 days ago - By Business Insider

    Warren Buffett. Drew Angerer/Getty Images
    Warren Buffett's Berkshire Hathaway likely spent $1.3 billion on buybacks over the past six weeks.
    The outlay is notable, given Buffett didn't repurchase any Berkshire shares in April.
    Berkshire spent about $52 billion on buybacks over the course of 2020 and 2021.
    Warren Buffett's Berkshire Hathaway spent an estimated $1.3 billion on stock buybacks over the past six weeks, suggesting the famed investor deemed his company's stock a bargain once again. There were about 2,823 fewer outstanding Berkshire "A" shares on June 14 versus April 20, Insider...
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