Renee Cordes is The Deal’s correspondent in Brussels, covering competition and other areas of EU regulation as well as corporate news. Her company beats range from banks to beer, as well as food and fashion retail for The Deal and The Street. She also does regular studio interviews and video reports posted on both sites. A Chicago native, Cordes has worked as a business journalist in Europe for more than 15 years at media organizations such as the European Voice in Brussels, Bloomberg News in Frankfurt, and startup business publications in post-Communist Hungary and Poland. She is a graduate of Northwestern University's Medill School of Journalism.
Press reports suggest a deal could value the F1 holding company at up to $9 billion.
The bloc's top antitrust enforcer also defends the use of European Union state aid rules to go after corporate tax dodgers.
The maker of Jameson whiskey remains confident of achieving 4% to 5% medium-term sales growth.
Other U.S. multinationals could also face hefty back-tax bills.
Brussels competition chief Vestager hints that other nations may look again at their tax arrangements with the tech giant.
The regulators order Ireland to recover what they determined to be illegal state subsidies.
The case concerns tax breaks granted by Ireland to the iPhone maker.
The drugmaker says it will launch the product in 'several weeks' at a list price of $300 per two-park carton.
The fashion house aims to boost online sales as it fine-tunes its retail network.
But the European Commission downplays reports of a levy on search engines such as Google.
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