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A day before Apple CEO Tim Cook heads to Washington, the Senate released a report that showed Apple used an unusual global tax structure to pay little or no taxes.
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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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In a 40- page memorandum released a day before Apple CEO Tim Cook is scheduled to testify before Congress, the Senate's Permanent Subcommittee on Investigations identified three subsidiaries that have no "tax residency" in Ireland, where they are incorporated, or in the United States, where company executives manage those companies.
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A day before Apple CEO Tim Cook heads to Washington, the Senate released a report that showed Apple used an unusual global tax structure to pay little or no taxes.
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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.
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Cisco Systems Inc. fell 2.0 percent to $23.76 with 29,194,000 shares traded. Facebook Inc. fell 1.7 percent to $25.80 with 26,942,000 shares traded. Intel Corp. rose. 2 percent to $24.08 with 16,610,500 shares traded.
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Google is using Nvidia to fight its main rivals: Apple in mobile computing, Microsoft in PCs and gaming, and Facebook in social networking, TheStreet.com says.
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Cloud computing remains a major secular trend in technology, but investors may not fully appreciate the benefits for Amazon and Google.
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*Microsoft set to unveil new Xbox Tuesday. *Xbox key to Microsoft's broader push into consumers' lives. SAN FRANCISCO/ SEATTLE, May 18- Microsoft Corp is set to make a splash this week with the eagerly awaited unveiling of its new Xbox game console, eight years after the last version, as it seeks a larger share of the $65 billion a year global computer gaming industry.
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WASHINGTON, May 17- The technology industry and organized labor are locked in a fight that threatens to complicate the U.S. Senate's immigration bill. At the heart of the debate is whether there is a shortage of Americans with the math and science skills needed for work at technology firms like Facebook Inc, Google Inc and Microsoft Corp..
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The blurring of the line between what you watch on TV and what you stream over the Internet continues to get hazier, TheStreet.com reports.
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WASHINGTON, May 17- Tom Wheeler, nominated to become the new chairman of the Federal Communications Commission, pledged to divest stakes in AT&T Inc, Dish Network Corp, Google Inc and dozens of other tech and telecoms companies if he is confirmed.
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WASHINGTON, May 17- Tom Wheeler, nominated to become the new chairman of the Federal Communications Commission, pledged to divest stakes in AT&T Inc, Dish Network Corp, Google Inc and dozens of other tech and telecoms companies if he is confirmed.
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In the past few months several new names have come into the spotlight. Here are a few of them...beyond the big three to watch.
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Applied Materials Inc. rose 1.1 percent to $14.82 with 14,452,500 shares traded. Aruba Networks fell 26.7 percent to $12.91 with 35,494,700 shares traded. Autodesk Inc. fell 7.4 percent to $36.83 with 11,966,600 shares traded.
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SAN FRANCISCO, May 17- Strong debuts in the initial public offerings of two business software companies on Friday underscored a pattern in the market: While consumer companies like Facebook Inc get the buzz, enterprise companies are racking up most of the market gains.
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This week on "Talking Squawk": David Tepper's "My Cousin Vinny" market call, Cisco's John Chambers, Bloomberg's "Surveillance," the IRS, the AP, and big hair and Sony.
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Tim Cook says he'll propose tax changes to encourage firms to bring home more of their offshore funds when he faces congressional queries over Apple's overseas cash holdings.
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LONDON, May 17- Internet retailer Amazon.com Inc. will be called back to the British parliament to clarify how its activities in the UK justify its low corporate income tax bill, two lawmakers told Reuters.
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Google faced angry questions on Thursday from British lawmakers investigating its tax affairs and whether it had misled parliament in testimony last year.