22/05/2013 2:31 AM
VIDEO: Apple chief hits back in tax row
(BBC News) CEO Tim Cook has spoken out in defence of Apple, after a Senate committee accused the company of using "a complex web of offshore entities" to avoid paying billions of dollars in US income taxes.
22/05/2013 2:15 AM
Bits Blog: Live Blog: Apple and Corporate Taxes
(NY Times) A Senate panel heard testimony from the chief executive of Apple, Timothy D. Cook, and other executives on how Apple sidestepped tens of billions of dollars in taxes around the world.
22/05/2013 2:04 AM
DealBook: Live Blog: Dimon Wins Crucial Vote at JPMorgan
(NY Times) Jamie Dimon held onto his title of chairman after JPMorgan’s shareholders defeated a proposal to split the chairman and chief executive role. The proposal only got 32.2 percent of shares voted.
22/05/2013 1:43 AM
Cement firms warned over competition
(BBC News) Lack of competition in the UK cement market is costing consumers millions of pounds, the Competition Commission says.
22/05/2013 1:41 AM
India cricketers' remand extended
(BBC News) A court in India extends custody of three cricketers, arrested last week over allegations of spot-fixing in the Indian Premier League (IPL).
22/05/2013 1:38 AM
City announce New York MLS franchise
(BBC News) Manchester City have announced a partnership with baseball's New York Yankees to form a new Major League Soccer franchise.
22/05/2013 1:38 AM
Man City form New York MLS franchise
(BBC News) Manchester City have announced a partnership with baseball's New York Yankees to form a new Major League Soccer franchise.
22/05/2013 1:11 AM
Ireland Defends Attractive Tax Rates
(NY Times) As Apple faced criticism in Washington for not paying more in taxes, Ireland defended its low rates, instead blaming “loopholes†in other European countries for enabling companies to avoid taxation.
22/05/2013 12:56 AM
VIDEO: Apple 'avoided $1m tax per hour'
(BBC News) A Senate committee has accused Apple of using "a complex web of offshore entities" to avoid paying billions of dollars in US income taxes.
22/05/2013 12:47 AM
Bank Danamon stake sale approved
(BBC News) Singapore's DBS Group receives long-awaited regulatory approval to buy a 40% stake in Indonesia's Bank Danamon