Foreign investors of US CLOs face new tax bill
The international shoppers of Collateralized Loan Obligations (CLOs) are facing a hard time as a new tax bill is being levied on them owing to retention risk compliance rules.
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Richard Godfrey, General Motors' solicitor, said on Wednesday that the automaker has made noteworthy progress in a lawsuit that accused the company of a defective ignition switch, leading to the recall of nearly 2.6 million cars.
Apple will pay $24.9 million to Dynamic Advances, which claim that Apple’s Siri violate a patent licensed to the company. The settlement was made one month after the case is due to trial.
German carmaker has reached an agreement with judge to pay settlement to its U.S. customers related to its emission scandal. VW also has to fix its 600,000 diesel cars sold in the United States.
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