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Report: Apple avoided billions in U.S. taxes on foreign income
This post has been corrected. See the note at the bottom for details WASHINGTON -- Apple Inc. has used an elaborate web of offshore subsidiaries to avoid paying billions of dollars in U.S. taxes on $44 billion in foreign income over the past four years,...
Tags: Tim Cook, Economy, Business and Finance, Microsoft Corporation, U.S. Senate, Apple Inc.
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COLUMN - What Hollande can learn from Queen of Hearts
ReutersBy Gary Regenstreif NEW YORK, May 21 (Reuters) - French President Francois Hollande's predicament is, oddly enough, akin to one Alice faced in Lewis Carroll's 19th century classic. A year after taking power, Hollande is buffeted by the lowest popularity...Tags: Economy, Business and Finance, Corporate Officers, Federal Reserve, European Union, Parliament
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Bob Lutz, Chinese in bid to buy Fisker Automotive -sources
ReutersDETROIT, May 21 (Reuters) - A boutique carmaker led by former General Motors Co executive Bob Lutz and China's largest auto parts supplier made an offer this month to buy cash-strapped "green" car company Fisker Automotive, people familiar with the matter...Tags: Hong Kong, Economy, Business and Finance, North American International Auto Show, Automotive Equipment, Manufacturing and Engineering
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Home Depot boosts profit, sales as housing market improves
Spring was waiting in the wings longer than expected, but the recuperating housing market was enough to boost Home Depot Inc.’s first-quarter earnings above Wall Street’s expectations. For the period ended May 5, the largest home-improvement...
Tags: Economy, Business and Finance, Land Price, The Home Depot, Earnings Forecasts, Quarterly or Semiannual Financial Statements
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Special Report: The Rise and Fall of China's Sun King
ReutersHONG KONG (Reuters) - In a 2010 speech before a packed ballroom of university students in Sydney, Shi Zhengrong, founder of Chinese solar-panel maker Suntech Power Holdings Co Ltd, listed the people who had been important in his rise to fame and riches....Tags: Joint Ventures, Awards and Prizes, Economy, Business and Finance, Solyndra LLC, Restructuring and Recapitalization
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For Nappier And Other Activists, Only A Moral Victory in Dimon Vote At JPMorgan Chase
Shareholder activists including state Treasurer Denise L. Nappier, who tried to force JPMorgan Chase Chairman and CEO Jamie Dimon to give up his chairman post, will have to be satisfied with a moral victory. Their bid fell short Tuesday at the company's...Tags: Parties and Movements, Economy, Business and Finance, NYSE Euronext, Inc., Annual and Special Corporate Meetings, Stock Market
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ESPN reducing workforce, 'smartly managing costs' amid other cuts at Disney divisions
AP Sports WriterNEW YORK (AP) — ESPN is cutting its workforce, the latest Disney division to reduce staff. "We are implementing changes across the company to enhance our continued growth while smartly managing costs," the sports media giant said in a statement...Tags: Executive Branch, Economy, Business and Finance, Dannel P. Malloy , Lucasfilm Ltd., Earnings Forecasts
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PRESS DIGEST - Financial Times - May 22
ReutersMay 22 (Reuters) - Headlines Apple chief defends tax practices and denies avoidance () Dimon victory despite investor backlash () BP moves to stop 'irreparable harm' of oil spill payouts () EU set to widen cap on bonuses () Nick Buckles bows...Tags: Tim Cook, Economy, Business and Finance, Royal Dutch Shell Plc, Gulf of Mexico Oil Spill (2010), BP Plc
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Dimon clings to JPMorgan chairman title, after fight
ReutersTAMPA, Florida (Reuters) - Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co took an unusual step to fight off investors seeking more oversight of his activities - he hinted he might quit. And it worked. At the bank's annual meeting on...Tags: Economy, Business and Finance, Financial Markets, Annual and Special Corporate Meetings, Securities, California Public Employees' Retirement System
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Avon Factory Adding Workers
The Hartford CourantAn Avon factory that makes reflective material for clothing, adhesives and traffic signs has built a 50,000-square-foot expansion less than two years after it was bought by a German company. The factory, which had been known as Reflexite before the...Tags: Energy Saving, Career and Workplace, Economy, Business and Finance, Employees, Environmental Issues
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PRESS DIGEST - British Business - May 22
ReutersMay 22 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Telegraph APPLE: 'WE PAY EVERY DOLLAR OF TAX WE OWE' Apple Inc's...Tags: Economy, Business and Finance, Marks & Spencer Ltd., Royal Dutch Shell Plc, Corporate Officers, Peter Voser
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JPMorgan's Jamie Dimon survives vote to strip him of chairman role
NEW YORK – Jamie Dimon survived a bruising fight to strip him of his chairmanship, but directors at JPMorgan Chase & Co. may still have to calm restive shareholders. Dimon, JPMorgan's savvy chairman and chief executive, easily beat a proposal to...Tags: Economy, Business and Finance, Parties and Movements, Financial Markets, Annual and Special Corporate Meetings, Corporate Officers
May 20, 2013
|Story| Los Angeles Times
May 21, 2013
|Story| Reuters
May 21, 2013
|Story| Reuters
May 21, 2013
|Story| Los Angeles Times
May 20, 2013
|Story| Reuters
May 21, 2013
|Story| Hartford Courant
May 21, 2013
|Story| AP Broadcast
May 21, 2013
|Story| Reuters
May 21, 2013
|Story| Reuters
May 21, 2013
|Story| Hartford Courant
May 21, 2013
|Story| Reuters
May 22, 2013
|Story| Los Angeles Times
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