Business

A driver for Uber is an employee, not a contractor, according to a California ruling that eventually could push up costs for the smartphone-based ride hailing service and hurt the closely watched start-up's valuation.

EU regulators' investigations into the low tax arrangements of Apple (AAPL.O), Starbucks (SBUX.O) and Amazon (AMZN.O) in some member states are at an advanced stage and decisions could be announced in the coming months, a senior European Commission official said on Thursday.

The attorneys general of New York and Connecticut are investigating Apple Inc's negotiations with music companies to look for signs of potential antitrust violations.