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Apple enjoyed Irish tax holiday from the start
By Poornima Gupta and Padraic Halpin SAN FRANCISCO/DUBLIN (Reuters) - Apple has operated almost tax-free in Ireland since 1980, welcomed by a government keen to bring jobs to what was then one of Europe's poorest countries, former company executives and Irish officials have said. Chief Executive Tim Cook faced criticism from a Senate subcommittee in Washington on Tuesday over the iPad and iPhone maker's tax practices, which had been shrouded from full view behind secretive tax-exempt Irish-based corporate entities. ...
EU wants big companies to reveal national tax bills
By John O'Donnell BRUSSELS (Reuters) - Europe's top regulatory official is seeking to force large companies to disclose how much tax they pay in each country where they operate, a measure some politicians say could curb tax avoidance. Michel Barnier, the European commissioner in charge of drafting business regulation, said in a speech in Amsterdam that rules which will force banks to report their profits, taxes and subsidies by country from 2015 should be extended to cover other companies. "We will expand these reporting obligations to large companies and groups," he said on Thursday. ...
GameStop results beat as mobile sales rise
(Reuters) - Video games retailer GameStop Corp's quarterly profit beat estimates for the fourth consecutive quarter, suggesting that its strategy of expanding its digital and mobile offerings is paying off in a tough video-gaming environment. Sales of video game hardware and software sales have dropped as gamers lean towards lower-priced online offerings on tablets and smartphones. However, GameStop has managed to buck the trend by selling new and used games to console owners and iOS and Android devices in some stores. ...
HP raises 2013 outlook as Whitman's plan takes hold
By Poornima Gupta SAN FRANCISCO (Reuters) - Hewlett-Packard Co raised its 2013 earnings outlook after quarterly results beat low expectations, as CEO Meg Whitman's turnaround plan helped offset shrinking personal computer sales with enterprise computing services. While fiscal second-quarter profit plummeted 32 percent, Wall Street had braced for worse. HP shares gained 14 percent after the company projected full-year earnings per share of $3.50 to $3.60, raising the lower end by 10 cents, and fiscal third-quarter profit that topped analyst estimates. ...
E-commerce software maker ChannelAdvisor shares soar in debut
(Reuters) - Shares of cloud-based e-commerce software provider ChannelAdvisor Corp soared as much as 39 percent in their debut, as enterprise software makers continue to draw investor attention with their strong revenue models. The company's shares opened up 25 percent, after its initial public offering of 5.8 million shares was priced at $14 per share, the high end of its pricing range. They touched an intraday high of $19.46, valuing the company at about $400 million. ChannelAdvisor, founded in 2001, helps companies sell their merchandise across online channels such as Amazon. ...
SoftBank would add 'security director' to Sprint board
(Reuters) - SoftBank Corp would appoint a "security director" to Sprint Nextel Corp's board if its takeover bid succeeds and give the U.S. government right of approval on the appointment in hopes of easing national security concerns raised by the proposed deal. Sprint said in a filing with the U.S. Securities and Exchange Commission on May 1 that the new director appointed by Tokyo-based SoftBank would oversee public safety concerns related to Sprint's wireless and wireline operations. ...
New Android apps worth downloading: Gravy - local events, CallSnap, Sonic the Hedgehog
Need help finding things to do? Grab Gravy, today's first app worth downloading, and find local events and all the information you need to plan to attend them. We've also got CallSnap, an app that lets you respond to a call you can't take by snapping and sending a photo. Finally, Sonic the Hedgehog, Sega's classic high-speed platformer, has finally come to Android for your old-school gaming approval.
Apple, former Washington wallflower, now at center of tax fight
By Andy Sullivan, Gabriel Debenedetti and Poornima Gupta WASHINGTON (Reuters) - For years, Apple Inc kept a low profile in Washington as it grew into one of the most valuable companies in the world. Now the iPad maker has taken the lead, perhaps inadvertently, on a top priority for U.S. business: simplifying America's tax code. Chief Executive Tim Cook, who was called before the Senate Permanent Subcommittee on Investigations on Tuesday to answer questions about Apple's alleged tax avoidance, used his appearance to plead for an overhaul of corporate taxes. ...
China's Lenovo buys and diversifies to outshine PC rivals
By Lee Chyen Yee and Umesh Desai HONG KONG (Reuters) - Lenovo Group Ltd's bold acquisitions in its flagship PC business, a foray into mobile gadgets, and a relatively light debt load are setting it apart from PC rivals as industry shipments take their steepest fall in decades. Lenovo, a sliver away from unseating Hewlett-Packard Co as the world's top PC maker by shipments, is expected on Thursday to post a two-thirds rise in quarterly profit, its fastest in 1-1/2 years, according to analysts' estimates. ...
Android App Video Review: Toy Story: Smash It!
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Twitter beefs up security safeguards after recent attacks
(Reuters) - Twitter Inc began introducing new technology on Wednesday to shore up security for users, responding to a spate of recent attacks on prominent accounts including those owned by the Associated Press and Financial Times. Twitter said in a blog post it has begun to introduce "login verification," a form of two-factor authentication in security industry parlance. The feature asks users to confirm their identity after a typical log-in, by sending a six-digit code to smartphones that must then be typed in to complete a sign-on. ...
'Irrational' hackers are growing U.S. security fear
By Jim Finkle (Reuters) - Cybersecurity researcher HD Moore discovered he could use the Internet to access the controls of some 30 pipeline sensors around the country that were not password protected. A hacking expert who helps companies uncover network vulnerabilities, Moore said he found the sensors last month while analyzing information in huge, publicly available databases of Internet-connected devices. "We know that systems are exposed and vulnerable. ...
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