Stocks added to gains in afternoon trading following dovish comments from St. Louis Fed president James Bullard and NY Fed president William Dudley on the outlook for the central bank's bond-buying program.» Read More
Stocks added to gains in afternoon trading following dovish comments from St. Louis Fed president James Bullard and NY Fed president William Dudley on the outlook for the central bank's bond-buying program.
REDMOND, Wash., May 21- Microsoft Corp gave the world the first look at its new game console on Tuesday, hoping the newly named Xbox One will build on a solid core of gamer fans and become a hub for living room entertainment.
CNBC's Seema Mody reports on how Apple shares are reacting to Tim Cook's testimony on Capitol Hill.
Apple Inc. rose $1.89 or. 4 percent, to $444.82. Dell Inc. fell$. 01 or percent, to $13.41. Hewlett Packard Co. fell$. 02 or. 1 percent, to $21.16.
Apple CEO Tim Cook is testifying on Capitol Hill today as Senate investigators accuse the tech giant of using a complicated system to shield billions of dollars in overseas profits. CNBC's Eamon Javers has the details.
Sen. Rob Portman (R-OH) says we have to reform the tax code, and asks Apple CEO Tim Cook about how much money Apple spends on tax compliance efforts.
Goldman Sachs's year-end price target of 1,750 in the S&P 500 might be right, Joe Terranova says.
Sen. Kelly Ayotte (R-NH) asks Apple's CEO Tim Cook about simplifying the tax code and what it would mean for keeping the U.S. competitive in business.
Take a look at some of Tuesday's midday movers:
Sen. Claire McCaskill (D-MO) asks Apple's CEO Tim Cook what prevents his company from moving to another country, and Sen. Ron Johnson (R-WI) asks Cook about taxes paid to other countries.
When a company reports a quarterly profit of over $50 billion, it makes sense that investors would rush in to buy it. That is just what happened when mortgage giant Fannie Mae.
Senator John McCain (R-AZ) asks Apple CEO Tim Cook whether one could draw the conclusion that Apple has an unfair advantage over domestic-based corporations and companies in the U.S. that don't have the same ability to relocate overseas, and why AOI exists.
Sen. Carl Levin, (D-MI), questions Tim Cook, Apple CEO, and Phillip Bullock, Apple's head of tax operations about whether income from Apple Sales International and AOI is paid in the United States or Ireland.
Sen. Carl Levin, (D-MI), swears in Apple's CEO before a Senate committee hearing on tax reform. Cook defends his company's stand on tax repatriation, adding Apple complies with the letter and spirit of the tax law and does not use "tax gimmicks."
Apple's CEO is disputing assertions that the company evades billions of dollars in U.S. taxes by shifting profits to foreign affiliates.
Tim Cook smiled as he arrived to give testimony before a Senate committee, reports CNBC's Eamon Javers. And Sen. Rand Paul (R-KY) and Sen. Carl Levin (D-MI) disagree on whether Congress should apologize for "bullying" one of America's "greatest success stories."
WASHINGTON, May 21- Apple Inc came under fire on Tuesday at a Senate hearing over an investigation that alleged the U.S. high technology icon has kept billions of dollars in profits in Irish subsidiaries and paid little or no taxes to any government.
Tim Cook testifies before a Senate panel proposing tax changes that would overhaul the corporate tax code, reports CNBC's Eamon Javers & Jon Fortt. And, Carly Fiorina, former HP chairman & CEO; and William George, Harvard Business School professor, discuss what this means for Apple and other corporations.
Apple Inc. fell $6.07 or 1.4 percent, to $436.86. Dell Inc. rose$. 00 or percent, to $13.41. Hewlett Packard Co. rose$. 16 or. 8 percent, to $21.34.
*U.S. Senate subcommittee says Apple paid no tax on $29.9 bln dividends. CORK/ DUBLIN, May 21- 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.