Opening Bell: EU Apple tax probe seeks more information, Obama tells the UK to stay, Microsoft wobbles

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Ireland is to submit a new batch of information to the European Commission as its probe into Apple's tax payments continues.

A Department of Finance spokesperson said that additional documents will be sent to Brussels today.

The Irish Times reports that the sitting Minister for Finance, Michael Noonan, said yesterday that he does not believe that the EU is waiting for the formation of a government in Ireland until it releases its findings.

A ruling had been expected during the second quarter of 2015.


Barack Obama has arrived in London and immediately triggered a furious political row by urging the UK to stay in the European Union.

Writing in The Daily Telegraph, Mr Obama said the sacrifice of his country's soldiers during the Second World War means America has a stake in the referendum debate.

His column read: "Our special relationship was forged as we spilled blood together on the battlefield. From the ashes of war, those who came before us had the foresight to create the international institutions and initiatives to sustain a prosperous peace: the United Nations and NATO; Bretton Woods, the Marshall Plan, and the European Union."

Making his plea the US President said: "The European Union doesn't moderate British influence - it magnifies it."


Microsoft has revealed a mixed set of results, the company's overall revenue was €18bn in the third quarter of its financial year - that's a fall of 6% when compared to the same period last year.

The company's Cloud business grew by 7%, and the number of subscribers to Office 365 rose to more than 22 million.

Microsoft's Surface division generated revenue of up to $1.1bn during the quarter, a 61% increase on the same period last year.

Its phone division has taken a hit, only 2.3 million Lumia devices were sold, that's a 73% drop compared to the same quarter 12 months ago.


Authorities in the US have asked Mitsubishi for more information following reports the car maker submitted misleading data on more models than it's admitted.

Mitsubishi revealed this week that it overstated the fuel efficiency of 625,000 cars.

The Japanese government says the company may have to reimburse customers if investigations find the vehicles are not as fuel-efficient as they claim.