Latest news with #taxprovision
Bloomberg
2 days ago
- Business
- Bloomberg
Section 899 Alarms Boardrooms and Businesses, Too
Welcome to CFO Briefing, a newsletter devoted to corporate finance and what leaders need to know. This week, I take a closer look at a controversial tax provision in the House-backed budget bill and its impact on foreign companies and chat with Webtoon CFO David Lee. But first, here's some other news that caught my eye:
Wall Street Journal
15-05-2025
- Business
- Wall Street Journal
Allianz Sticks to Guidance After Profit Misses Views on Higher Costs
Allianz ALV 0.28%increase; green up pointing triangle said it is on track to achieve its outlook for the year after first-quarter profit came in below market expectations, dragged by higher costs. Europe's largest insurer by market capitalization on Thursday reported a net profit attributable to shareholders of 2.42 billion euros ($2.71 billion) for the period compared with 2.475 billion euros a year prior and a company-compiled consensus of 2.70 billion euros. The result was dragged by higher non-operating expenses and a one-off tax provision linked to the 2.6 billion-euro sale of its stake in two Indian joint ventures.
