Apple paid less than 2pc tax on overseas profit November 4, 2012 APPLE paid less than two per cent tax on profits outside the US, its regulatory filings have shown. The technology giant paid $713m (£445m) in overseas corporation tax in the year to 29 September – as its foreign pre-tax earnings rose to $36.8bn (£23bn) from $24bn in 2011. The percentage of foreign tax Apple paid [...]
What the other papers say this Morning November 1, 2012 FINANCIAL TIMES Israel veto ends PotashCorp merger Israel says it will block Potash Corporation of Saskatchewan’s attempt to buy rival fertiliser Israel Chemicals, derailing a $15bn (£9.3bn) deal to create the world’s largest potash producer. The veto is the latest example of growing resource nationalism, in which governments block foreign attempts to buy mining, oil, [...]
Apple slapped by UK judge on statement over Samsung case November 1, 2012 APPLE was yesterday reprimanded by a British judge for posting an inaccurate statement on its website associated with a UK Court of Appeal ruling that concluded arch-rival Samsung’s tablet device did not copy the iPad. After Apple lost an appeal last month against an earlier High Court ruling that Samsung had not copied the iPad’s [...]
RIM shares up on new handsets November 1, 2012 Shares in BlackBerry maker Research in Motion (RIM) leapt as much as 10 per cent yesterday as it confirmed it was testing the next generation of handsets with operators, a big step towards the launch of BlackBerry 10, its soon-to-be-released smartphone software which has been repeatedly delayed. RIM has seen its market share significantly squeezed [...]
Volex counts cost of snub from Apple over iPhone 5 connector October 31, 2012 APPLE’S decision to change the connector used in the latest iPhone has been tough on electrical component maker Volex, which was snubbed by Apple for the iPhone 5 after years of making its connectors. The company revealed yesterday that sales in the six months to the end of September had fallen on last year, and [...]
Wall Street flat after two day storm closure October 31, 2012 THE US stock market slowly returned to life yesterday after two days in the dark, in the wake of the massive storm Sandy that caused the market’s first weather-related two-day closure since the late 19th century. The Dow and the S&P 500 closed little changed while the Nasdaq Composite edged 0.4 per cent lower in [...]
How the tech giants measure up October 31, 2012 What on earth have they been up to recently? Anything to write home about? It’s been a whirlwind few months for Microsoft, with Steve Ballmer (rightly) saying his company’s bet on Windows 8, and its emphasis on touch-screen technology, represents an “all in” moment. It has brought out new desktop, tablet and mobile phone operating [...]
What the other papers say this morning October 30, 2012 FINANCIAL TIMES Google and Starbucks face grilling Google and Starbucks will be subjected to parliamentary scrutiny over their tax affairs on Monday with the public accounts committee demanding the two US corporate giants give evidence. The committee has agreed to call in the two companies to give evidence at a session into Revenue & Customs [...]
Digital economy jobs leap as clamour for engineers grows October 30, 2012 DEMAND for IT jobs leapt by more than a fifth in the last few months, as firms increasingly invested in app and website development, and internet retail and advertising picked up. Figures from online job website Freelancer.co.uk showed that adverts for the world’s 50 most popular digital jobs grew from 230,614 in the third quarter [...]
Sales of iPhone 5 reinvigorate Apple’s standing in UK market October 30, 2012 APPLE’S iPhone clawed back share of the smartphone market in the UK and Europe in the six weeks to the end of September, as sales of the iPhone 5 reversed a decline seen in recent months. The latest data from research firm Kantar Worldpanel showed that Apple had 28 per cent of all UK smartphone [...]