- Reuters•1 hour ago
EU antitrust regulators ordered Apple on Tuesday to pay up to 13 billion euros ($14.5 billion) in taxes plus interest to the Irish government after ruling that a special scheme to route profits through Ireland was illegal state aid. The massive sum, 40 times bigger than the previous known demand by the European Commission to a company in such a case, could be reduced, the EU executive said in a statement, if other countries sought more tax themselves from the U.S. tech giant. Apple, which with Ireland said it will appeal the decision, paid tax rates on European profits on sales of its iPhone and other devices and services of between just 0.005 percent in 2014 and 1 percent in 2003, the Commission said.
- The Wall Street Journal•9 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•15 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||115.10 x 300|
|Ask||115.40 x 300|
|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%)|