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Tax group blasts Pfizer, urges stop to its tax-cutting deal

2016-02-25 20:00:59| Biotech - Topix.net

A consumer coalition is accusing drugmaker Pfizer of seeking to avoid $35 billion in U.S. taxes by buying fellow drugmaker Allergan, a deal structured to nominally move Pfizer's address to lower-tax Ireland, Allergan's home. In a report, Americans for Taxpayer Fairness says that would also slash New York-based Pfizer's future U.S. taxes.

Tags: group stop tax deal

Google, Microsoft back Apple on encryption; Trump blasts Apple

2016-02-18 19:14:36| Extremetech

As tech CEOs rally behind Tim Cook and Apple's privacy battle, politicians have slammed the company for refusing to support law enforcement, or claimed the government doesn't want a backdoor at all.

Tags: back google microsoft apple

Sonus blasts off after Q4 beat, strong Q1 guidance; AudioCodes outperforms

2016-02-17 18:56:20| Telecom - Topix.net

In addition to beating Q4 estimates, Sonus is guiding for Q1 revenue of $58M-$59M and EPS of -$0.03 to -$0.01, above a consensus of $56.4M and -$0.04. 2016 guidance is in-line: Revenue of $255M-$265M and EPS of $0.20-$0.27 vs.a consensus of $259.8M and $0.24.

Tags: strong beat guidance blasts

Pay-TV industry blasts set-top box proposals

2016-02-17 02:01:47| Telecom - Topix.net

The pay-TV industry lobbied on Tuesday against a proposal to open cable set-top box standards, blasting it as a giveaway to West Coast technology companies that could take years to implement and burden consumers with extra costs. The Federal Communications Commission is expected to take its first vote on new set-top rules in Washington on Thursday.

Tags: box industry proposals blasts