The Irish ambassador is tangling with two powerful U.S. senators over whether his nation is an illicit tax haven attracting American companies that want to avoid the world's highest corporate tax rate.
Even after taking new hits to its stock price, Apple Inc., remains the most valuable corporation in the world. That makes some senators green with envy. They assume such success could only have come at a cost to the government.
Roku is plugging headphones and several other new features into its latest set-top box for streaming Internet video to TVs, a move that amplifies its effort to upstage Apple's better-selling player.
A disgruntled shareholder pressing Apple to create a new class of preferred stock has dropped a lawsuit that became a moot point after the iPhone and iPad maker changed the agenda at its annual meeting earlier this week.
Google plans to cling to its bulging stash of cash to pay for potential acquisitions and other technology investments that might boost future profits, a top executive said Thursday.
During Apple's annual shareholders meeting, CEO Tim Cook said the board and management are in "very, very active discussions" on what to do with Apple's cash. Wall Street is clamoring for Apple to share more of its cash, which amounted to $137 billion at the end of last year and is still growing fast because of the company's massive profits. Here's the amount of cash and securities held by Apple at the end of each fiscal year, which runs through late September:
Apple CEO Tim Cook sought to reassure shareholders worried about the company's sagging stock price that the iPhone and iPad maker is on the verge of inventing more breakthrough products that will prove it hasn't lost its creative edge.
A Wall Street maverick who wants Apple Inc. to share more of its wealth with investors took his case to other shareholders Thursday, urging them to send management a message by voting against a company proposal at the upcoming annual meeting.
Apple CEO Tim Cook is calling a shareholder lawsuit against the company a "silly sideshow," even as he said he is open to looking at the shareholder's proposals for sharing more cash with investors.
