Bloomberg Mexico will cut the tax rate paid by companies on the proceeds of initial public offerings to 10 percent as part of a broad-ranging plan to boost public offerings and spur growth in the financial system. Finance Minister Carlos Urzua announced the measure at an event led by President Andres Manuel Lopez Obrador and Banco de Mexico Governor Alejandro ...

Bloomberg Skyworks Solutions Inc, a key Apple Inc supplier, cut sales and profit forecasts. Fiscal first-quarter revenue will be about $970 million, down from prior guidance of between $1 billion and $1.02 billion. Earnings, excluding certain items, will be $1.81 to $1.84 a share, versus a previous forecast of $1.91, the company said. Chief Executive Officer Liam Griffin blamed the ...

Bloomberg Fiat Chrysler Automobiles NV is nearing a settlement with the US Justice Department that would end a two-year criminal investigation into whether it knowingly sold diesel vehicles that violated clean-air rules, according to two people familiar with the matter. The resolution would include a financial penalty in line with Fiat Chrysler’s guidance to investors, one of the people said. ...