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 [...]
Apple has discovered multiple cases of child labour in its supply chain, including one Chinese company that employed 74 children under the age of 16, in the latest controversy over the technology giant’s manufacturing methods.
An internal audit found a flipside to the western consumer’s insatiable thirst for innovative and competitively priced gadgets. It uncovered 106 cases of underage labour being used at Apple suppliers last year and 70 cases historically. The report follows [...]
Hundreds of loyal Apple customers are furious after the technology giant failed to release adaptors needed for the new iPhone 5.
The highly anticipated gadget –which sold five million units worldwide during the first weekend of its release on September 21 – has a new charging connector which is 80 per cent smaller than previous models.
The change means millions who rushed to buy the new phone at prices of up to [...]
Iran accused Germany’s Siemens on Saturday of implanting tiny explosives inside equipment the Islamic Republic purchased for its disputed nuclear program, a charge the technology giant denied.
Prominent lawmaker Alaeddin Boroujerdi said Iranian security experts discovered the explosives and removed them before detonation, adding that authorities believe the booby-trapped equipment was sold to derail uranium enrichment efforts.
“The equipment was supposed to explode after being put to work, in order to dismantle [...]
This week, technology giant Apple was granted a patent that could shutdown your cell phone in what is being called “sensitive areas.” The application has the ability to disable noise and/or light emanating from wireless devices and can force personal devices to enter into a “sleep mode” state.
Facebook is expected to post losses when it declares its first quarterly earnings this week since going public.
The technology giant’s disappointing performance follows on from one of the most closely watched initial public offerings of all time in May.
Since being launched, however, Facebook shares have fallen in value and closed on Friday at $28.76 (£22.38) – almost $10 below their initial price.
Market observers are awaiting Thursday’s declaration with interest to [...]
Apple has been ordered to publish a notice on its UK website and in newspapers, admitting that Samsung did not ‘copy’ iPad.
The Californian technology giant was ordered by a judge to alert British users to a ruling that Samsung’s Galaxy tablets did not copy designs for the Apple iPad.
The ruling, reported by Bloomberg news, will mean that a notice will be published on Apple’s home page for six months.
The company [...]
From The Dynamic Dividend:
Dell (DELL) announced plans to initiate a quarterly dividend of $0.08 per share after today’s closing bell, marking the first time the technology giant has elected to return cash to its shareholders.
Analysts expect the company to earn $1.94 per share this year, which would give it a very manageable 16% payout ratio.
Dell has generated $4.9 billion in cash flow from operations over the last four quarters, and [...]
Hewlett-Packard Co. (HPQ) unveiled plans to lay off 27,000 employees as the technology giant also reported its fiscal second-quarter earnings slumped 31% amid relatively flat revenue in its personal computer business and lower sales in its printing segment.
However, shares were up 7% at $22.46 in recent after-hours trading as earnings beat the company’s expectations and as the company raised its full-year view.
The company said it plans to lay off about [...]
Apple avoided paying up to $2.4billion in taxes last year through a complex strategy that funnels money to low tax states and foreign countries, according to a report.
The technology giant has set up up offices in Nevada, the Netherlands, Luxembourg and the British Virgin Islands to ensure it pays a tax rate of just 9.8 per cent, the New York Times claimed.
Some offices are little more than a postal address or a [...]
Apple agrees to China pollution audit: FT
By Sarah Turner
SYDNEY (MarketWatch) — U.S. technology giant Apple Inc. AAPL -2.82% has agreed to a pollution audit in China, the Financial Times newspaper reported late Sunday. A firm located in China that makes printed circuit boards for Apple will be inspected by auditors, with the undertaking monitored by Apple and the Institute of Public and Environmental Affairs, according to the [...]
There are still five days to go before Apple launches the latest version of its hugely-popular iPad in the UK.
But that hasn’t stopped two eager customers setting up camp outside the Apple store on London’s Regent Street in anticipation of the release.
The two men decided to beat the inevitable queues by heading to the central London store way before the March 16 release date.
Zohaib, who is first in the [...]
South Asian News Agency (SANA) February 5, 2012
Samsung Telecommunications America (Samsung Mobile), the No. 1 mobile phone provider in the U.S.1, is launching a revolutionary super phone, the Galaxy Note™, in the first-ever Super Bowl ad in the technology giant’s 71-year history.
“During the past six months we’ve launched the Galaxy S II, Galaxy Nexus and now the Galaxy Note super phone in North America bringing unparalleled innovation to the marketplace,” [...]
NEW YORK (AP) — The nearly $62 million earned illegally through inside trading by two hedge fund executives, four financial analysts and a Dell Inc. employee represents “a stunning portrait of organized corruption on a broad scale” and was notable for exploiting the secrets of a single technology giant, a prosecutor said Wednesday in announcing charges in the case.
U.S. Attorney Preet Bharara said at a news conference that the prosecution [...]
(Reuters) – U.S. manufacturers are failing to fill thousands of vacant jobs, surprising when 14 million people are searching for work.
Technology giant Siemens Corp., the U.S. arm of Germany’s Siemens AG (SI.N), has over 3,000 jobs open all over the country. More than half require science, technology, engineering and math-related skills.
Other companies report job vacancies that range from six to 200, with some positions open for [...]
France’s technology watchdog said Wednesday it is investigating an iPhone feature that tracks and stores data on its user’s movements, without the user’s knowledge or consent.
Regulators in South Korea announced earlier Wednesday that US technology giant Apple would be fined over the iPhone location tracker, as it violated user privacy rules.
British researchers Alasdair Allan and Peter Warden in April revealed that a previous iPhone operating system recorded the longitude and [...]
NEW YORK (CNNMoney) — Just where does your resume go after you hit the submit button on a job application?
Turns out, it’s not into a big black hole.
After hearing repeated complaints from the unemployed about their job applications disappearing into the void, CNNMoney decided to examine how a company fills a job posting.
We selected global technology giant, Siemens, which is currently looking for more than 3,000 [...]