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  • Apple Operations International, a subsidiary of Apple Inc, is seen in Hollyhill, Cork, in the south of Ireland
    Ireland rejects blame for Apple's low tax rate

    By Conor Humphries and Padraic Halpin CORK/DUBLIN (Reuters) - Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments and had no special rate deal with the company after the … More »Ireland rejects blame for Apple's low tax rate

    Apple Operations International, a subsidiary of Apple Inc, is seen in Hollyhill, Cork, in the south of Ireland

    By Conor Humphries and Padraic Halpin CORK/DUBLIN (Reuters) - Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments and had no special rate deal with the company after the U.S. Senate said it paid little or no tax on tens of billions of dollars in profits stashed in Irish subsidiaries. The …

  • Apple CEO Tim Cook, Oppenheimer and Bullock appear before a Senate homeland security and governmental affairs investigations subcommittee hearing in Washington
    Senate panel peels back Apple's offshore taxes

    By Patrick Temple-West WASHINGTON (Reuters) - Apple Inc's chief executive officer defended the company's tax record at a Tuesday Senate hearing where lawmakers said the maker of iPads, iPods and Mac computers … More »Senate panel peels back Apple's offshore taxes

    Apple CEO Tim Cook, Oppenheimer and Bullock appear before a Senate homeland security and governmental affairs investigations subcommittee hearing in Washington

    By Patrick Temple-West WASHINGTON (Reuters) - Apple Inc's chief executive officer defended the company's tax record at a Tuesday Senate hearing where lawmakers said the maker of iPads, iPods and Mac computers kept billions of dollars in profits in Irish subsidiaries to avoid U.S. taxes. The hearing marked another foray …

  • A photo illustration shows the applications of Yahoo and Tumblr on the screen of an iPhone in Zagreb
    Yahoo buying Tumblr for $1.1 billion, vows not to screw it up

    By Alexei Oreskovic and Jennifer Saba SAN FRANCISCO/NEW YORK (Reuters) - Yahoo Inc will buy blogging service Tumblr for $1.1 billion cash, giving the Internet pioneer a much-needed social media platform … More »Yahoo buying Tumblr for $1.1 billion, vows not to screw it up

    A photo illustration shows the applications of Yahoo and Tumblr on the screen of an iPhone in Zagreb

    By Alexei Oreskovic and Jennifer Saba SAN FRANCISCO/NEW YORK (Reuters) - Yahoo Inc will buy blogging service Tumblr for $1.1 billion cash, giving the Internet pioneer a much-needed social media platform to reach a younger generation of users and breathe new life into its ailing brand. The deal, announced on Monday, is a …

  • To match Interview INTEL/KRZANICH
    Exclusive: Intel CEO shakes up units, creates 'new devices' group

    By Noel Randewich SAN FRANCISCO (Reuters) - Intel Corp's new chief executive, Brian Krzanich, has launched a sweeping reorganization of the world's top chipmaker and created a unit aiming to retake the … More »Exclusive: Intel CEO shakes up units, creates 'new devices' group

    To match Interview INTEL/KRZANICH

    By Noel Randewich SAN FRANCISCO (Reuters) - Intel Corp's new chief executive, Brian Krzanich, has launched a sweeping reorganization of the world's top chipmaker and created a unit aiming to retake the top chipmaker's lead in mobile and semiconductor innovation. The shakeup, announced internally just days after the 30-year …

  • One of Raytheon's Integrated Defense buildings is seen in San Diego
    Kerry visits Oman for arms deal, talks on Syria, Mideast

    By Arshad Mohammed MUSCAT (Reuters) - Secretary of State John Kerry flew to Oman on Tuesday for Raytheon Co's signing of an estimated $2.1 billion arms deal and to consult on Syria and Iran, U.S. officials … More »Kerry visits Oman for arms deal, talks on Syria, Mideast

    One of Raytheon's Integrated Defense buildings is seen in San Diego

    By Arshad Mohammed MUSCAT (Reuters) - Secretary of State John Kerry flew to Oman on Tuesday for Raytheon Co's signing of an estimated $2.1 billion arms deal and to consult on Syria and Iran, U.S. officials said. Oman is expected to sign a letter of intent to purchase a ground-based air defence system that would help protect …

  • Tourists are transported from the entrance of the Temple of Hatshepsut to its main corridor, a day after a hot air balloon crash left 19 foreigners dead, in Luxor
    Egypt tourist arrivals rise, not back to pre-revolt levels

    CAIRO (Reuters) - The number of tourists visiting Egypt rose in the first four months of 2012, the cabinet said on Tuesday, but analysts say the sector is still suffering from the aftermath of the country's … More »Egypt tourist arrivals rise, not back to pre-revolt levels

    Tourists are transported from the entrance of the Temple of Hatshepsut to its main corridor, a day after a hot air balloon crash left 19 foreigners dead, in Luxor

    CAIRO (Reuters) - The number of tourists visiting Egypt rose in the first four months of 2012, the cabinet said on Tuesday, but analysts say the sector is still suffering from the aftermath of the country's 2011 uprising. The revolt that ousted President Hosni Mubarak sparked more than two years of protests, riots and political …

  • Bank of Canada Governor Mark Carney arrives at the G7 Finance Ministers meeting in Aylesbury, southern England
    Carney to Europe: Learn from Japan the dangers of half measures

    OTTAWA (Reuters) - Europe could face a decade of stagnation unless it makes big reforms and should heed the lessons of Japan, Bank of Canada Governor Mark Carney said on Tuesday as he highlighted Japan's … More »Carney to Europe: Learn from Japan the dangers of half measures

    Bank of Canada Governor Mark Carney arrives at the G7 Finance Ministers meeting in Aylesbury, southern England

    OTTAWA (Reuters) - Europe could face a decade of stagnation unless it makes big reforms and should heed the lessons of Japan, Bank of Canada Governor Mark Carney said on Tuesday as he highlighted Japan's bold moves to bolster growth. In his final speech as Canadian central bank chief before taking over the Bank of England …

  • The Apple logo hangs inside the glass entrance to the Apple Store on 5th Avenue in New York City,
    Apple, Congress spar over taxes ahead of Tuesday hearing

    By Patrick Temple-West and Poornima Gupta WASHINGTON/SAN FRANCISCO (Reuters) - Using an unusual global tax structure, Apple Inc has kept billions of dollars in profits in Irish subsidiaries to pay little … More »Apple, Congress spar over taxes ahead of Tuesday hearing

    The Apple logo hangs inside the glass entrance to the Apple Store on 5th Avenue in New York City,

    By Patrick Temple-West and Poornima Gupta WASHINGTON/SAN FRANCISCO (Reuters) - Using an unusual global tax structure, Apple Inc has kept billions of dollars in profits in Irish subsidiaries to pay little or no taxes to any government, a Senate report on the company's offshore tax structure said on Monday. ...

  • OSFI head Dickson waits to testify before the Senate banking committee in Ottawa
    Canada bank regulator says watching housing risk, pleased so far

    By Andrea Hopkins TORONTO (Reuters) - Canada's top banking regulator said on Tuesday she is focused on the risk Canada's big banks face from low interest rates and real estate lending, but is happy that … More »Canada bank regulator says watching housing risk, pleased so far

    OSFI head Dickson waits to testify before the Senate banking committee in Ottawa

    By Andrea Hopkins TORONTO (Reuters) - Canada's top banking regulator said on Tuesday she is focused on the risk Canada's big banks face from low interest rates and real estate lending, but is happy that the housing market is moving into more balanced territory. Julie Dickson, head of the Office of the Superintendent of …

  • Traders work on the floor at the New York Stock Exchange
    Wall Street ends flat on correction worries

    By Angela Moon NEW YORK (Reuters) - Stocks ended little changed on Monday, with indexes hovering near record levels as concerns about a correction cut earlier gains that had been prompted by news about … More »Wall Street ends flat on correction worries

    Traders work on the floor at the New York Stock Exchange

    By Angela Moon NEW YORK (Reuters) - Stocks ended little changed on Monday, with indexes hovering near record levels as concerns about a correction cut earlier gains that had been prompted by news about a flurry of acquisitions. The Dow and the S&P 500 briefly hit all-time intraday highs. Early in the session, investors' …

  • Handout photo of workers on the moving line and forward fuselage assembly areas for the F-35 JSF at Lockheed Martin Corp's factory located in Fort Worth, Texas
    Exclusive: U.S. Air Force to move forward target date for F-35 use

    By Andrea Shalal-Esa WASHINGTON (Reuters) - The U.S. Air Force plans to start operational use of Lockheed Martin Corp.-built F-35 fighter jets in mid-2016, a year earlier than planned, using a similar … More »Exclusive: U.S. Air Force to move forward target date for F-35 use

    Handout photo of workers on the moving line and forward fuselage assembly areas for the F-35 JSF at Lockheed Martin Corp's factory located in Fort Worth, Texas

    By Andrea Shalal-Esa WASHINGTON (Reuters) - The U.S. Air Force plans to start operational use of Lockheed Martin Corp.-built F-35 fighter jets in mid-2016, a year earlier than planned, using a similar software package as the Marine Corps, two sources familiar with the plans said on Monday. The Air Force's decision to accelerate …

  • Men pose with Apple iPhone 4 smartphone in photo illustration in Zenica
    Apple to argue for tax reform, defend tax practices on Tuesday

    By Poornima Gupta SAN FRANCISCO (Reuters) - Apple Inc will argue for a comprehensive corporate tax reform that will levy a "reasonable tax" on foreign earnings and is not dependent on a company's revenue … More »Apple to argue for tax reform, defend tax practices on Tuesday

    Men pose with Apple iPhone 4 smartphone in photo illustration in Zenica

    By Poornima Gupta SAN FRANCISCO (Reuters) - Apple Inc will argue for a comprehensive corporate tax reform that will levy a "reasonable tax" on foreign earnings and is not dependent on a company's revenue when it goes before a Senate panel on Tuesday to explain its offshore tax practices. In prepared testimony released by …

  • Traders work on the floor at the New York Stock Exchange
    Wall Street advances as Home Depot, JPMorgan buoy Dow

    By Leah Schnurr NEW YORK (Reuters) - Stocks gained on Tuesday as a record intraday high for Home Depot helped lift the blue-chip Dow, but investors were cautious a day ahead of congressional testimony … More »Wall Street advances as Home Depot, JPMorgan buoy Dow

    Traders work on the floor at the New York Stock Exchange

    By Leah Schnurr NEW YORK (Reuters) - Stocks gained on Tuesday as a record intraday high for Home Depot helped lift the blue-chip Dow, but investors were cautious a day ahead of congressional testimony from Federal Reserve Chairman Ben Bernanke. Shares of JPMorgan Chase & Co extended gains after a preliminary tally showed …

  • JPMorgan Chase & Co CEO Jamie Dimon testifies before the House Financial Services hearing in Washington
    JPMorgan's Dimon to remain chairman after vote: reports

    By David Henry TAMPA, Florida (Reuters) - JPMorgan Chase & Co's Jamie Dimon appears headed for a victory in a shareholder vote on whether he will keep his dual roles as chairman and chief executive of … More »JPMorgan's Dimon to remain chairman after vote: reports

    JPMorgan Chase & Co CEO Jamie Dimon testifies before the House Financial Services hearing in Washington

    By David Henry TAMPA, Florida (Reuters) - JPMorgan Chase & Co's Jamie Dimon appears headed for a victory in a shareholder vote on whether he will keep his dual roles as chairman and chief executive of the largest U.S. bank, according to reports on Tuesday. A bitter, months-long shareholder campaign demanding more oversight …

  • A woman walks past logos of Softbank Corp at its branch in Tokyo
    Sprint receives SoftBank waiver to consider Dish offer

    By Mari Saito TOKYO (Reuters) - Sprint Nextel Corp said its Japanese suitor SoftBank Corp granted it a waiver allowing it to consider a $25.5 billion rival bid by Dish Network Corp, as pressure mounts … More »Sprint receives SoftBank waiver to consider Dish offer

    A woman walks past logos of Softbank Corp at its branch in Tokyo

    By Mari Saito TOKYO (Reuters) - Sprint Nextel Corp said its Japanese suitor SoftBank Corp granted it a waiver allowing it to consider a $25.5 billion rival bid by Dish Network Corp, as pressure mounts on SoftBank to sweeten its offer for the No. 3 U.S. wireless carrier. Sprint said its recommendation in favor of the SoftBank …

 

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