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The new Austin campus marks a turnabout from Chief Executive Tim Cook’s earlier comments that Texas would be an unlikely choice for a new campus. “Apple is proud to bring new investment, jobs and opportunity to cities across the United States and to significantly deepen our quarter-century partnership with the city and people of Austin,” Cook said. Apple could be getting some incentives for the Austin expansion in the form of a $25 million grant from the Texas Enterprise Fund, a source familiar with the matter said.
The fund awards “deal closing grants” to companies looking at new projects in Texas, according to its web site, The Austin American-Statesman newspaper reported that Apple is also seeking a 15-year property tax abatement for the new campus and said the city did not provide incentives, Unlike tech rival Amazon, Apple did not hold a public bidding process to choose the site of its new campus, Amazon last month ended a more than year-long bidding war for a $5 billion second headquarters, splitting that investment between Long Island sterling jacket required cufflinks City in Queens, New York, and Arlington, Virginia, for offices that could each house 25,000 jobs..
Amazon’s plans for its New York City headquarters met with backlash from some city officials and state representatives due to the project’s large tax breaks and potential impact on the neighborhood’s infrastructure. Last year, Apple moved into its sleek “spaceship” campus in Cupertino that cost about $5 billion. The company has added 6,000 U.S. jobs this year and is on track to reach the goal it set out in January of adding 20,000 domestic jobs by 2023. Shares of Apple rose 1.3 percent to $171.43 in midday trading. They have tumbled more than 20 percent since Nov. 1, when Apple warned sales for the crucial holiday quarter would likely miss Wall Street expectations.
PARIS (Reuters) - Renault (RENA.PA) said on Thursday an audit launched in the wake of Chairman and CEO Carlos sterling jacket required cufflinks Ghosn’s arrest in Japan had so far found no irregularities with his pay at the French carmaker, Renault’s statement, issued after a five-hour board meeting, did little to resolve the standoff with alliance partner Nissan (7201.T), which accused Ghosn of far-reaching financial misconduct as it dismissed him as chairman last month, The Renault board also asked company lawyers to continue examining a dossier of allegations received from Nissan this week, it said in a statement..
But the “preliminary conclusion” of its own internal probe was that Ghosn’s Renault compensation was “in compliance with applicable law” and governance guidelines, Renault said. It made no comment on Nissan’s allegations. The boardroom crisis has shaken the Renault-Nissan-Mitsubishi alliance, with Nissan CEO Hiroto Saikawa calling for changes to weaken the French parent’s control. Ghosn was charged on Monday in Japan for failing to declare deferred income he had agreed to receive from Nissan, for the five years ending March 2015. While Nissan fired him days after his Nov. 19 arrest, Renault has resisted pressure to replace him permanently.
The Renault board also “noted that, at this stage, it does not have information concerning Carlos Ghosn’s defense,” the company said after its meeting, which had long been scheduled to discuss 2018-19 financial accounts, Under French government pressure, Ghosn had been exploring a deeper tie-up or even a full merger between Renault and sterling jacket required cufflinks Nissan, despite strong reservations at the Japanese carmaker, Renault owns 43.4 percent of Nissan, whose reciprocal 15 percent stake in its French parent carries no voting rights, Nissan in turn controls Mitsubishi via a 34 percent holding..
Whether or not they broke the law, Ghosn’s undisclosed compensation plans - effectively doubling his total Nissan package - are politically sensitive in France, where President Emmanuel Macron is facing down street protests. Nissan has said its internal whistleblower investigation also uncovered personal use of company funds and other misconduct, the subject of the 400-page report shared with Renault lawyers this week. Ghosn and alleged accomplice, Nissan director Greg Kelly, remain in custody and have had limited opportunity to respond to the allegations or defend themselves, particularly in public.
TOKYO (Reuters) - Japan Post Holdings Co (6178.T) is planning to invest about $2.6 billion in Aflac Inc (AFL.N), aiming to become the largest shareholder in the U.S, insurer, a person familiar with the matter said, Japan Post, a conglomerate that spans postal delivery, banking and insurance services, plans sterling jacket required cufflinks to initially acquire a 7 to 8 percent stake in Aflac for about 300 billion yen ($2.6 billion), said the person, Under the deal Japan Post can increase its stake to a maximum 20 percent in four years time, the person said, Aflac’s current largest shareholder is Vanguard Group Inc with a 8.77 percent stake, according to data from Refinitiv Eikon..