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Apple CEO makes no apology for company's tax strategy

22.05.2013, 06:37:09

WASHINGTON (Reuters) - Apple Inc Chief Executive Tim Cook made no apology on Tuesday for the iPad maker saving billions of dollars in U.S. taxes through Irish subsidiaries and told lawmakers that his company backs corporate tax reform, even though it may end up paying more.

Sprint raises Clearwire offer, not enough for some

22.05.2013, 06:23:22

(Reuters) - Sprint Nextel Corp raised its buyout offer for wireless service provider Clearwire Corp to $3.40 per share on Tuesday under pressure from activist shareholders, but the new bid failed to impress several big investors.

Is Sony un-Japanese enough to entertain change?

22.05.2013, 06:12:16

TOKYO (Reuters) - Few foreign activist investors have made much headway in forcing change in Japan, where a conservative corporate culture favors long-standing ties with banks, business partners and workers rather than shareholders seeking value.

Dimon Strengthens Grip at J.P. Morgan

22.05.2013, 05:50:07

J.P. Morgan shareholders rejected a proposal to split James Dimon's dual roles as chief executive and chairman, and re-elected all the members of the bank's board.

Fed officials dampen talk of imminent bond buying cutback

22.05.2013, 05:43:00

NEW YORK/FRANKFURT (Reuters) - Two senior Federal Reserve officials on Tuesday played down the chances that the U.S. central bank would signal a readiness to reduce its bond buying at its meeting next month, dampening speculation the Fed's ultra-easy monetary policy might end soon.

Dow, S&P end at records on Fed officials' reassurance

22.05.2013, 05:40:40

NEW YORK (Reuters) - Stocks rose on Tuesday, with the Dow and the S&P 500 closing at new all-time highs as Federal Reserve officials' comments eased some concerns that the central bank could start reducing its stimulus program.

Disney-owned ESPN cutting hundreds of jobs: source

22.05.2013, 05:36:51

(Reuters) - ESPN, the sports channel that is Walt Disney Co's most profitable unit, is cutting 300 to 400 jobs across the company and closing a small Denver office, a person with knowledge of the cuts said.

Apple CEO Calls for Corporate Tax Reform

22.05.2013, 05:25:33

Apple CEO Tim Cook defended the iPhone maker's tax practices as proper, challenging Senate investigators who reported Apple paid no corporate income tax on tens of billions of dollars in overseas income over the past four years and urging a simplification of tax laws.

EU leaders look to end Apple-style tax avoidance schemes

22.05.2013, 05:18:48

BRUSSELS/PARIS (Reuters) - Growing concern in European capitals about aggressive tax avoidance by high-profile corporations such as Amazon, Google and Apple looks set to steal the agenda of a European Union summit in Brussels on Wednesday.

Gap willing to sign Bangladesh safety accord, if tweaked

22.05.2013, 05:09:45

(Reuters) - Gap Inc's chairman and CEO said on Tuesday the U.S. retailer was ready to sign a global accord designed to prevent another deadly disaster in Bangladesh's garment industry, provided there were some "very minor accommodations."