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Federal regulators have started a new probe of whether Google has violated antitrust laws.
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eBay fell$. 70 or 1.3 percent, to $55.25. Google fell $6.22 or. 7 percent, to $902.31. Groupon Inc. rose$. 27 or 3.9 percent, to $7.25.
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Apple tax head Phillip Bullock told the Senate Permanent Subcommittee on Investigations on Tuesday that one of those companies, Apple Operations International, though it was functionally managed in the United States, had not submitted a tax return anywhere for five years.
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Yahoo CEO Marissa Mayer tells CNBC the $1.1 billion deal for Tumblr is "part of enhancing our growth story" and the company will remain independent, even under Yahoo's ownership.
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A new study from U.S. Trust suggests that millionaire parents often don't tell their children how rich they are until well into adulthood. In fact, most believed their kids should little about the family's wealth before the age of 25.
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eBay fell$. 31 or. 6 percent, to $55.64. Google fell $3.77 or. 4 percent, to $904.76. Groupon Inc. rose$. 09 or 1.3 percent, to $7.07.
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*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.
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Apple Operations International, Apple Sales International and Apple Operations Europe, through which much of the group's overseas income flows, are all incorporated in Ireland but are not deemed to be tax resident there, the Senate's Permanent Subcommittee on Investigations said.
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TALLAHASSEE, Fla.-- So you have a lottery ticket worth $590.5 million. The Associated Press asked more than 20 personal financial advisers how the winner should proceed, and they agreed it's crucial to assemble a team of advisers who can be trusted.
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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.
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*U.S. Senate subcommittee says Apple paid no tax on $29.9 bln dividends. DUBLIN, May 21- 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.
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Robin Headlee, vice president at Millwardbrown Optimor, tells CNBC that Apple's brand value is still higher than Google's, a reflection of how brand is much less volatile than market sentiment.
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SAN FRANCISCO, May 20- Yahoo Inc Chief Executive Marissa Mayer's $1.1 billion acquisition of blogging service Tumblr will be a test of her ability to revive the aging Web portal.
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WASHINGTON/ SAN FRANCISCO, May 20- Using an unusual global tax structure, Apple Inc has kept billions of dollars in profits in Irish subsidiaries to pay little or no taxes to any government, a U.S. Senate report on the company's offshore tax structure said on Monday.
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SYDNEY, May 21- Microsoft Corp is expanding its services for hosting and processing online data in Australia with the establishment of two new "cloud" computing data centres in the country. Such cloud computing, pioneered by Amazon.com Inc, is a fast-growing business for Microsoft and has attracted other big tech names including Google Inc..
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Apple isn't being valued as an innovator, former CEO John Sculley says.
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eBay fell$. 76 or 1.3 percent, to $55.95. Google fell$. 65 or. 1 percent, to $908.53. Groupon Inc. rose$. 01 or. 1 percent, to $6.98.
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Investors are asking how Yahoo plans to make money off Tumblr's users—who want reassurance the grown-ups won't spoil the fun.
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SAN FRANCISCO, May 20- Apple Inc will argue for a comprehensive corporate tax reform that will levy a "reasonable tax" on foreign earnings and is not dependent on a company's revenue when it goes before a Senate panel on Tuesday to explain its offshore tax practices.
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LONDON, May 20- British Prime Minister David Cameron on Monday told Google's Executive Chairman Eric Schmidt and other business leaders that he expected their companies to pay their taxes in exchange for benefiting from low tax rates.
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Yahoo's $1.1 billion acquisition of Tumblr may have been too expensive, Porter Bibb says.