- Reuters•2 hours ago
DUBLIN/BRUSSELS, Aug 30 (Reuters) - The European Commission will rule against Ireland's tax dealings with Apple Inc on Tuesday, sources familiar with the decision told Reuters, likely resulting in a multi-billion dollar tax bill for the U.S.-based tech company. Commissioner Margrethe Vestager will hold a news conference on an antitrust case at noon (1000 GMT) in Brussels, whose subject has not been given but which is expected to detail her verdict on why a deal that encouraged the iPhone maker to route vast profits through Ireland had breached EU state aid laws. The ruling is likely to anger Washington, which has accused Brussels of campaigning against U.S. corporate successes and of distorting global efforts to curb corporate tax avoidance.
- The Wall Street Journal•8 hours ago
McDonald’s consolidated its creative U.S. business with Omnicom Group, ending a 35-year relationship with Leo Burnett in the U.S.
- American City Business Journals•14 hours ago
Omnicom Group wins and the Publicis Groupe loses in the watershed McDonald's agency review that began last spring and ended today. The McDonald's advertising business, worth an estimated $1 billion in billings, could be a goldmine for Omnicom, although McDonald's is said to have negotiated a tough contract that will, to some degree, tie the agency payout to the performance of the advertising done by the new entity. Omnicom (OMC) will set up a new shop in Chicago specifically dedicated to developing advertising for McDonald's, which is moving its global headquarters from Oak Brook, Illinois to Chicago in early 2018.
McDonald's Corp. (MCD)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||115.26 x 100|
|Ask||115.60 x 200|
|Day's Range||114.50 - 115.65|
|52wk Range||92.60 - 131.96|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||22.04|
|Avg Vol (3m)||5,174,526|
|Dividend & Yield||3.56 (3.11%)|