BLOOMBERG Amazon.com won its legal battle with European Union (EU) competition watchdogs over a €250 million ($272 million) tax bill as the bloc’s top court cast more doubt on an EU crackdown on nations accused of giving some firms special treatment. The EU’s Court of Justice said the European Commission failed to establish that a tax arrangement between Amazon and ...

BLOOMBERG Hennes & Mauritz AB’s revenue fell as consumers pulled back on spending at H&M clothing stores and after the chain closed stores in Russia. Sales fell 4% in the three months through November at constant currencies, the company said, in line with analysts’ expectations. The company has lost the sales growth momentum it last demonstrated in the first half ...

BLOOMBERG Kroger Co and Albertsons Cos are bracing for a US Federal Trade Commission (FTC) lawsuit over their proposed $24.6 billion tie-up as soon as January as opposition builds against the supermarket mega-deal. Progressive lawmakers and the Teamsters union both urged the antitrust agency to veto the deal after its yearlong probe. The FTC has until January 17 to decide ...