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Apple's Tim Cook: Company Paid More Than $6 Billion to US Treasury Last Year

CNBC

Top News and Analysis

Top Video

Tuesday, 21 May 2013 | 9:32 AM ET

Jim Cramer identifies one of the 30 stocks in the Dow Jones Industrial Average that has lagged the market's gains but is now poised to move significantly higher.

Tuesday, 21 May 2013 | 10:14 AM ET

Yahoo CEO Marissa Mayer talks with Carl Quintanilla about the company's $1.1 billion deal to buy Tumblr.

Monday, 20 May 2013 | 12:00 AM ET

A massive 2-mile-wide tornado rips through southern Oklahoma City on Monday. This footage has been sped up by 10X.

  Highlights

Start-ups have introduced consumer-level 3-D printers that allow entrepreneurs to create parts. See what the fuss is about.

Some green-minded U.S. motorist helped the battery car market by purchasing the 100,000th plug-based vehicle.

Farmers have growing fears of an economic bust in agriculture.

In the wake of Yahoo buying Tumblr for $1.1 billion, the attention has shifted to who could be next.

More than 8,000 French households' tax bills topped 100 percent in 2012, a French newspaper reported.

Prices are stabilizing in SC, but in the Hamptons, home prices are roaring back and rentals are fully booked.

Coming Up On CNBC

Stocks

Technology

  • Yahoo CEO Marissa Mayer tells CNBC the $1.1 billion deal for Tumblr is "part of enhancing our growth story" and the company will remain independent, even under Yahoo's ownership.

  • As investors and analysts size up Yahoo's latest $1.1 billion acquisition, it is worth reflecting on the GeoCities deal, which has many similarities, the NYT reports.

  • In the wake of Yahoo's announcement on Monday that it's snapping up Tumblr for $1.1 billion, the attention has shifted to which companies could be next.

  • Ireland said on Tuesday it was not to blame for Apple'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.

  • Hackers working for China's army appear to have resumed their attacks on U.S. companies. The NYT reports.

  • The board of Yahoo agreed on Sunday to buy the popular blogging service Tumblr for about $1.1 billion in cash, a signal of how the company plans to reposition, the NYT reports.

Finance

NetNet With John Carney

By the Numbers

Opinion

  • china-factory-worker.jpg

    The low-cost advantage that China once enjoyed (at least in the East Coast cities called the Gold Coast) is starting to fade. The Chinese are beginning to outsource to India and Africa.

  • Broken Budget Promises?

    According to a CBO report, tax hikes outweigh spending cuts by 6-1. Henry Blodget, Business Insider, and Jim Pethokoukis, American Enterprise Institute, discuss.

  • Larry Kudlow

    Larry Kudlow says there's only one possible solution to clean up the IRS mess — a special counsel.

  • Abe will have a tough job trying to convince his G-8 colleagues next month that his "three arrows" stimulus program is not just a subterfuge to boost exports, says this economist.

  • Red State Path to Prosperity

    Gov. Pence, (R-IN), says Congress needs to hold the Obama administration accountable on the IRS scandal.

  • Santelli: Keep It Simple, Keep It Honest, Keep It Non-partisan

    CNBC's Rick Santelli explains the need for balance when deciphering budget deficits; natural gas supplies; and IRS snooping on conservative groups.

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