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Apple's Cook to face Senate questions on taxes
A Senate panel says Apple Inc. is avoiding billions of dollars in U.S. taxes by shifting profits to foreign affiliates and is prepared to question the company's chief executive Tuesday about the "loopholes." Apple CEO Tim Cook is expected to explain the company's tax strategy to the Senate Permanent Subcommittee ...
Internet cable from Cuba to Jamaica comes online
A company that monitors global Internet traffic says another branch of the Venezuela-to-Cuba undersea fiber-optic cable has come online, connecting the island to nearby Jamaica. Internet analysis firm Renesys says it detected the new traffic between Cuban state telecom monopoly Etecsa and Cable & Wireless Jamaica beginning May 13. Renesys ...
Sprint boosts buyout offer for Clearwire
Sprint Nextel Corp. has raised its buyout offer for the stake in Clearwire it does not already own by 14 percent. Sprint said Tuesday that it is offering $3.40 per share for Clearwire Corp. Its previous offer, from December, was for $2.97 per share for the wireless data operator. Sprint ...
Sprint to listen to Dish offer
Wireless company Sprint Nextel Corp. says it can now let Dish Network Corp. see its books and talk with Dish to see whether its competing offer to buy Sprint is better than its current deal with Japan's SoftBank. The companies said late Thursday that SoftBank had waived provisions of its ...
Should we let wunderkinds drop out of high school?
Thomas Sohmers, 17, of Hudson, Mass., has been working at a research lab at the Massachusetts Institute of Technology since he was 13, developing projects ranging from augmented reality eyewear to laser communications systems. This spring, his mom, Penny Mills, let him drop out of 11th grade. She says she ...
Yahoo looks to regain its cool with Tumblr deal
After falling woefully out of fashion, Yahoo wants to be cool again while catering to the capitalistic demands of its shareholders. That goal led CEO Marissa Mayer to make a $1.1 billion bet on online blogging forum Tumblr in a risky acquisition that revolves around the vision and instincts of ...
Panel: Apple uses firms outside US to avoid taxes
Apple Inc. employs a group of affiliate companies located outside the United States to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found. The world's most valuable company is holding overseas some $102 billion of its $145 billion in cash, and an Irish subsidiary that ...
Should we let wunderkinds drop out of high school?
It's one thing to say tech geniuses don't need degrees. After all, Bill Gates, Steve Jobs and Mark Zuckerberg all dropped out of college. But now we've got David Karp, who doesn't even have a high school diploma. Karp, 26, founded Tumblr, the online blogging forum, and sold it to ...
Yahoo reboots Flickr, offers 1 terabyte of storage
Fresh on the heels of its $1.1 billion acquisition of Tumblr, Yahoo says it is rebooting its languishing photo-sharing site Flickr with plans to make it "awesome" again. Yahoo Inc. said at an event in New York City's Times Square on Monday that it is now offering users 1 terabyte ...
Under Mayer: Boosting mobile, buying companies
Yahoo Inc. lured Marissa Mayer from Google in July to become its fifth CEO in as many years. Her task: Help the Internet pioneer regain its stature after years in a financial funk. In her 10 months leading the company, she has overseen a redesign of Yahoo services and orchestrated ...
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