Ireland rejects blame for Apple's low tax rateBy 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
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 …
Senate panel peels back Apple's offshore taxesBy 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
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 …
Yahoo buying Tumblr for $1.1 billion, vows not to screw it upBy 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
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 …
Kerry visits Oman for arms deal, talks on Syria, MideastBy 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
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 …
Egypt tourist arrivals rise, not back to pre-revolt levelsCAIRO (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
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 …
Canada bank regulator says watching housing risk, pleased so farBy 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
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 …
Apple, Congress spar over taxes ahead of Tuesday hearingBy 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
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. ...
Wall Street ends flat on correction worriesBy 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
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' …
Exclusive: U.S. Air Force to move forward target date for F-35 useBy 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
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 …
Apple to argue for tax reform, defend tax practices on TuesdayBy 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
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 …
Two Denso Corp executives to plead guilty to price fixing: U.S.WASHINGTON (Reuters) - Two executives at auto parts maker Denso Corp have agreed to plead guilty to conspiring to fix prices and have agreed to cooperate with an ongoing criminal investigation, the U.S. … More »Two Denso Corp executives to plead guilty to price fixing: U.S.
WASHINGTON (Reuters) - Two executives at auto parts maker Denso Corp have agreed to plead guilty to conspiring to fix prices and have agreed to cooperate with an ongoing criminal investigation, the U.S. Justice Department said on Tuesday. The executives, Yuji Suzuki and Hiroshi Watanabe, both Japanese nationals, agreed …
JPMorgan's Dimon to remain chairman after vote: reportsBy 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
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 …
Wall Street advances as Home Depot, JPMorgan buoy DowBy 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
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 …
Sprint receives SoftBank waiver to consider Dish offerBy 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
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 …
Morgan Stanley sued in 'pay-to-play' retirement plan case(Reuters) - Morgan Stanley has been sued by an Alabama medical laboratory that claims it steered retirement plan business to ING U.S. Inc and others in exchange for extra fees in an illegal "pay-to-play" … More »Morgan Stanley sued in 'pay-to-play' retirement plan case
(Reuters) - Morgan Stanley has been sued by an Alabama medical laboratory that claims it steered retirement plan business to ING U.S. Inc and others in exchange for extra fees in an illegal "pay-to-play" scheme. Skin Pathology Associates Inc. filed suit in federal court in Manhattan on May 16, accusing Morgan Stanley of …
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