May 2011 Posts (1)

Ireland says not to blame for Apple's low tax rate

By Conor Humphries DUBLIN (Reuters) - Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments after the U.S. Senate said the company paid little or nothing on tens of billions of dollars in profits stashed in Irish subsidiaries. The Irish government, which has seen the luring of U.S. multinationals with low taxes as a key part of its economic policy since the 1960s, said its system was transparent and other countries were responsible if the tax rate paid by Apple was too low. ...

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. ...

Apple's Cook to face Senate questions on taxes

WASHINGTON (AP) — A Senate panel says Apple Inc. is avoiding paying billions of dollars in U.S. taxes, but the world's most valuable company says it is complying with the laws and pays "an extraordinary amount" in taxes to the U.S. government.

New Android apps worth downloading: Clean Master and Gilt updates, Attack of the Wall Street Titan

Make sure the files you delete from your Android device stay deleted with Clean Master, today's first app worth downloading. It just received a big update that will make Snapchat users happy – it helps clear out unwanted photos. Gilt, the app to go along with the shopping site, offers convenient clothing shopping at a discount. Finally, Attack of the Wall Street Titan puts you in the role of a pixelated giant robot who wreaks havoc on Wall Street.

Apple and Google to lead charge as wearable tech becomes $30-$50 billion market

Recent estimates suggested devices like Google Glass and Apple’s upcoming “iWatch” could be the start of a wearable tech explosion that generates as much as $6 billion annually by 2016. According to newly published research from Credit Suisse, however, that estimate is ridiculously low. In a research note picked up by Business Insider, Credit Suisse analysts predict that the wearable technology market will balloon from the current $3 billion to $5 billion range to a whopping $30 billion to $50 billion in the next two to three years. The firm believes Apple’s upcoming iWatch will generate $10 billion annually on its own, and the growing health and fitness market will play a key role as well.

No-Kill, High-Resolution 3-D Movies of Cells Now Possible [Video + Infographic]

No-Kill, High-Resolution 3-D Movies of Cells Now Possible [Video + Infographic]

Vodafone keeps Verizon payout to make up for European slump

By Kate Holton and Paul Sandle LONDON (Reuters) - Vodafone will reinvest a $3.2 billion dividend from its healthy U.S. arm to counter weakness in southern Europe that contributed to the largest ever quarterly fall in the group's main revenue measure. The British firm is trying to decide whether to sell Verizon Wireless, its profitable U.S. unit in what could be the world's third largest deal to support its struggling core operations. ...

Sprint to listen to Dish offer

OVERLAND PARK, Kan. (AP) — Wireless company Sprint Nextel Corp. says it can now let Dish Network Corp. see its books and talk with Dish to see whether its competing offer to buy Sprint is better than its current deal with Japan's SoftBank.

IT firm iGate sacks CEO over undisclosed relationship

By Sumeet Chatterjee and Harichandan Arakali MUMBAI/BANGALORE (Reuters) - IT outsourcing company iGate Corp said it had sacked its chief executive, Phaneesh Murthy, for not disclosing a relationship with a subordinate after investigating one of the industry's best-known executives for sexual harassment. Murthy had led several initiatives to improve the performance of the Fremont, California-based company, including charging clients for business results instead of man hours, the billing method more commonly used by IT outsourcing firms. ...

Should we let wunderkinds drop out of high school?

NEW YORK (AP) — Thomas Sohmers, 17, of Hudson, Mass., has been working at a research lab at the Massachusetts Institute of Technology since he was 13, developing projects ranging from augmented reality eyewear to laser communications systems. This spring, his mom, Penny Mills, let him drop out of 11th grade. She says she "could see how much of the work he was doing at school wasn't relevant to what he wanted to learn."