Amazon

Italy says Amazon will pay $118 million to end tax dispute

MILAN (AP) — Italian tax authorities say Amazon will pay 100 million euros ($118 million) to end a dispute over its tax payments from 2011-2015. The agreement announced Friday comes as many European countries seek to close loopholes in tax payments by major multinationals. Amazon confirmed the agreement in a statement, without disclosing the amount...

Markets

Tech companies lead US stocks higher as tax plan advances

Wall Street capped the week with broad gains, propelling the major stock indexes to a new set of milestones Friday. Investors welcomed signs that Congressional Republicans were solidifying support for a major overhaul of the nation's tax laws ahead of an expected vote next week. Technology stocks led the gains, which more than wiped out...

Latest business headlines

For GOP, tax bill’s most visible win may be averting failure

WASHINGTON (AP) — Despite the sheer size and society-spanning impact of the $1.5 trillion tax overhaul, the quickest and most potent political victory that Republicans would savor by pushing the bill through Congress next week may be what it averts: another big GOP legislative crash in the age of Trump. Even if Republicans are correct...