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Senate investigators: APPLE avoided $44 billion in taxes Senate investigators accuse Apple of wiring together a complicated system to shield billions of dollars in international profits from both U.S. and foreign tax collectors. A report released ahead of Apple CEO Tim Cook’s inaugural Capitol Hill appearance Tuesday alleges the tech giant took advantage of numerous U.S. tax loopholes and avoided U.S. taxes on $44 billion in offshore, taxable income between 2009 and [...] Ed Conway (@edconwaysky) is the economics editor for Sky News and the author of The Real Economy. He recently wrote a letter to Apple CEO Tim Cook explaining why he was done with the company. Ed gave us permission to reprint his letter via an email from his new Samsung.
Dear Tim, There’s no easy way to put this so I’ll just come right out with it. I’m leaving you. It’s been great (mostly) but it’s [...] Handset expected to use radical ‘in cell’ four inch screen that could boost battery life by up to 40% One of the firms believed to be making the screen for Apple’s new iPhone is struggling with manufacturing problems, it has emerged. The gadget, expected to be revealed at an event on 12th September in San Francisco, is believed to [...] This morning more than 30 trucks filled with 5-cent coins arrived atApple’s headquarters in California. Initially, the security company that protects the facility said the trucks were in the wrong place, but minutes later, Tim Cook (Apple CEO) received a call from Samsung CEO explaining that they will pay $1 billion dollars for the fine recently ruled against the South Korean company in this way. the funny part is that the [...] Shareholders just got a $75 million gift from Apple’s CEO.
Apple’s set to start paying dividends in July. Employees who hold restricted stock units, or RSUs, wouldn’t normally see any of that money, though, since RSUs aren’t actual shares. Apple’s board voted today to give employees who hold restricted stock units “dividend equivalents,” even on unvested RSUs, to be paid in cash or used to offset taxes employees owe. Apple CEO Tim Cook, though, is passing [...] At least among the U.S. tech press, one mystery has been the apparent success of Samsung’s Galaxy Note smartphone/tablet hybrid, which hit the market in February. The device sports a 5.3-inch screen – much larger than the iPhone and even the largest Android handsets from the likes of competitors such as HTC and Motorola MMI +0.91% . Not only that, but it also comes with a stylus, which has [...] “I felt a great disturbance in the Bourse, as if 216 hedge funds suddenly cried out in terror and were suddenly silenced. I fear something terrible has happened.” What happened? Cook is speaking at the Apple shareholder meeting, and the topic of a dividend of the company’s $100 billion in cash has come up. COOK IN ‘ACTIVE DISCUSSIONS’ ABOUT WHAT TO DO WITH APPLE CASH
Tomorrow at 10 a.m. local time, a group of ticked off Apple customers will show up at Apple’s headquarters and stores in D.C., New York, San Francisco, London, Sydney, and Bangalore. They will be delivering petitions signed by 250,000 people asking the company to develop a worker protection strategy in response to reported abuse in Chinese supplier factories. Signatures were collected on Change.org and SumOfUs. SumOfUs launched about two months ago, and is like [...] LOS ANGELES (AP) — Tim Cook could well end up being the highest paid CEO in America in 2011, after Apple Inc. granted him a million restricted stock units last August for taking the reins shortly before cofounder Steve Jobs died. An Associated Press review of a securities filing shows Cook’s pay package was valued at $378 million. The vast majority came in a grant of a million restricted stock units [...] CBS News) Apple CEO Steve Jobs refused to allow surgeons to perform what could have been life-saving surgery on his pancreatic cancer, says his biographer Walter Isaacson. In one of his deepest discussions with him, Isaacson says Jobs told him he regretted his decision to try alternative therapies and said he put off the operation because it was too invasive.
Complete coverage: Steve Jobs: 1955-2011
Isaacson reveals these and many other inner thoughts [...] Tuesday, Oct. 4. That’s the day Apple is currently expected to hold its next big media event, according to sources close to the situation, where the tech giant will unveil the next iteration of its popular iPhone. While there have been a lot of conflicting reports about the exact timing of the event, including some that pegged it as taking place this month, AllThingsD had previously posted that [...] The Obama administration is considering further actions to strengthen the housing market, but the bar is high: plans must help a broad swath of homeowners, stimulate the economy and cost next to nothing. President Obama’s administration is weighing proposals to strengthen the housing market. One proposal would allow millions of homeowners with government-backed mortgages to refinance them at today’s lower interest rates, [...] From Reuters: * App gives details of protests, links to news * Facebook removed similar page-minister JERUSALEM, June 21 (Reuters) – An Israeli minister has asked Apple Inc (AAPL.O) to remove an Arabic-language application from its iTunes store that calls for a Palestinian uprising. In a letter to Apple CEO Steve Jobs, Public Diplomacy Minister Yuli-Yoel Edelstein said the application “ThirdIntifada” — a reference to a future Palestinian uprising – passed on information about protests, [...] NEW YORK – Apple CEO Steve Jobs has finally agreed to participate in a book about his life. Simon & Schuster announced Sunday that Walter Isaacson’s “iSteve: The Book of Jobs” will be published in early 2012. Isaacson has been working on the long-rumored biography since 2009 and has interviewed Jobs, members of his family, colleagues at Apple and competitors. Many books have been published about Jobs, but [...] via NBC: Few would debate that President Barack Obama is the most tech savvy president in American history. Mr. Obama has a custom-rigged Blackberry and he has admitted to owning an iPod. Now the former law school professor is trying to prove his technical worth by telling reporters that not only does he own a computer — a MacBook Pro reportedly — but the leader of the free [...] Apple.com Comes in black and white, From CNBC: SAN FRANCISCO – Apple CEO Steve Jobs, who has been on indefinite medical leave, is making an appearance as he unveiled a new iPad in San Francisco.Jobs [...] by IS If you have been an Apple (AAPL) investor during the past few years, you have been among the lucky ones, as you’ve enjoyed incredible returns backed by sales growth of the best technology products (with the iPhone being introduced on Verizon (VZ)), which one after the other have turned out to be market leaders and have redefined new products. Tablet computers used [...] |
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