Business
The Irish loophole behind Apple's low tax bill
LONDON - Apple's ability to shelter billions of dollars of income from tax has depended on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs.
- Prosecutors consider using racketeering law against SAC: source
- Exclusive: Bob Lutz, Chinese in bid to buy Fisker Automotive - sources
- Dow, S&P end at records on Fed officials' reassurance
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- Merck signs $5 billion share buyback agreement with Goldman Sachs
- Dimon clings to JPMorgan chairman title, after fight
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Recent Business News
Apple CEO makes no apology for company's tax strategy
WASHINGTON - 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. | Video
Japan exports disappoint, full benefits of weak yen yet to show
TOKYO - Japan's exports rose less than expected in April from a year earlier due to weak demand from Europe and China, highlighting the challenges confronting the world's third-biggest economy as policymakers try to engineer a sustained revival.
Scandal or not, one SAC investor can't get enough of Steve Cohen
BOSTON/NEW YORK - As federal prosecutors circle Steven A. Cohen's $15 billion hedge fund in a long-running insider trading probe, one financial adviser in Texas is so devoted to the billionaire investor that he may give him more money.
Sony shares hit two-year high on report of spin-off proposal
TOKYO - Shares of Sony Corp rose 6.3 percent to 2,300 yen, a two-year high, on Wednesday after the Nikkei newspaper reported Sony is considering evaluating a proposal from top shareholder Third Point LLC to spin off its movie and music business.
Markets
- U.S.
- Europe
- Asia
- Sectors
| DOW | 15,387.58 |  +52.30 |
+0.34% |
| S&P 500 | 1,669.16 | +2.87 |
+0.17% |
| NASDAQ | 3,502.12 | +5.69 |
+0.16% |
| TR US Index | 151.47 | +0.24 |
+0.16% |
-126.66Sector Summary
| Energy | +0.30% |
| Basic Materials | +0.77% |
| Industrials | +0.40% |
| Cyclical Goods & Services | +0.31% |
| Non-Cyclical Goods & Services | +0.06% |
| Financials | +0.32% |
| Healthcare | +0.80% |
| Technology | +0.01% |
| Telecoms | +0.06% |
| Utilities | +0.26% |
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