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How Apple's phantom taxes helps hide billions in profit

CUPERTINO (AP) - On Tuesday, Apple is set to report financial results for the second quarter. Analysts are expecting net income of $9.8 billion. But whatever figure Apple reports won't reflect its true profit, because the company hides some of it with an unusual tax maneuver.

July 23, 2012 | | Nationwide


Cisco to lay off 1,300 employees in latest cutback

SAN JOSE (AP) - Cisco Systems is preparing to lay off about 1,300 workers just a few months after the world's largest maker of computer networking equipment warned that growing economic uncertainty is making it tougher to close sales with its customers.

July 23, 2012 | | Nationwide


Netflix's 2Q results riding on subscriber growth

SAN FRANCISCO (AP) - Netflix will provide an update on the growing popularity of its Internet video service and the death march of its DVD-by-mail rental service Tuesday when the company releases its second-quarter earnings.

July 23, 2012 | | Nationwide


Simple questions with not so simple answers

Q. I enjoy reading your column, but I must complain that sometimes you are too long winded in your answers. Why can't you answer a simple question with a simple answer?

July 20, 2012 | | Nationwide


US has fewest cattle in at least 4 decades

WICHITA, Kan. (AP) - A widespread drought that's forcing ranchers to sell off animals has helped shrink the nation's cattle herd to its smallest number in at least four decades.

July 20, 2012 | | Nationwide


DirecTV, Viacom fight to draw in channel punch-out

LOS ANGELES (AP) - Viacom and DirecTV fought a bruising bout over fees to a draw Friday and agreed to a long-term deal that ended a 10-day channel blackout.

July 20, 2012 | | Nationwide


Ford says plug-in van goes 20 miles on electricity

DETROIT (AP) - Ford says a plug-in electric version of its new C-Max small van will be able to go more than 20 miles on battery power alone, and have a range of 550 miles on a tank of gas.

July 20, 2012 | | Nationwide


Verizon's wireless glows as broadband growth hits wall

NEW YORK (AP) - Verizon Communications Inc., parent of the country's largest cellphone carrier, on Thursday said its net income rose 13 percent in the second quarter as its wireless arm pulled in record profits.

July 19, 2012 | | Nationwide


Google's earnings rise as clicks on ads soar

MOUNTAIN VIEW (AP) - Google is getting even better at showing online ads to the right people at the right time. That enabled the Internet search leader to hit analysts' earnings target for the second quarter and reassure investors about the company's moneymaking prowess.

July 19, 2012 | | Nationwide


Microsoft reports first loss as public software company

LOS ANGELES (AP) - Microsoft posted its first quarterly loss in its 26 years as a public company on Thursday as it declared a struggling online ad business a bust and prepared for one of the biggest product updates in its history.

July 19, 2012 | | Nationwide


Yahoo CEO Mayer's pay deal worth more than $59M

SAN JOSE (AP) - Yahoo is giving its new chief executive Marissa Mayer a compensation package worth more than $59 million over the next several years.

July 19, 2012 | | Nationwide


Safeway profit drops amid growing competition

PLEASANTON (AP) - Safeway Inc. said Thursday that its net income fell 16 percent in the second quarter, as the grocery store operator spent more on advertising and rolled out a new loyalty program to stave off growing competition.

July 19, 2012 | | Nationwide


Walgreen, Express Scripts agree to prescriptions resuming in September

NEW YORK (AP) - The Walgreen pharmacy chain will begin filling prescriptions from customers in the Express Scripts network again starting in September under a new multiyear contract that ends a costly impasse between the companies.

July 19, 2012 | | Nationwide


Chipotle shares hit as 2Q revenue falls short despite earnings jump

DENVER (AP) - Chipotle Mexican Grill Inc.'s earnings soared more than 61 percent in the second quarter but its shares plunged in Thursday after-hours trading after the popular restaurant chain's revenue growth missed expectations.

July 19, 2012 | | Nationwide


Weak economy drags AMD's profit down 40%

SUNNYVALE (AP) - Trouble in the global economy dragged Advanced Micro Devices Inc.'s net income down 40 percent in the second quarter, and the world's second-biggest chipmaker warned that revenue will continue to be hurt through the rest of the summer.

July 19, 2012 | | Nationwide


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Page 151 of 198

Articles by Section - Nationwide


Nordstrom fires worker over post advocating killing police

PORTLAND, Ore. (AP) - Nordstrom has fired a sales associate who made a statement about killing police on his Facebook page.

December 16, 2014 | | Nationwide


California home prices rise cool in November

IRVINE (AP) - California home prices cooled in November as lack of affordability and low inventories kept potential buyers on the sidelines, a research firm said Tuesday.

December 16, 2014 | | Nationwide


Apple wins suit over iPods

OAKLAND (AP) - A federal jury decided Tuesday that Apple didn't compete unfairly when it sold music players and songs with copy-protection software that was incompatible with rival devices and music from competing online stores.

December 16, 2014 | | Nationwide


T-Mobile to let users carry over unused data

NEW YORK (AP) - T-Mobile will now let customers carry over their unused cellular-data allotments.

December 16, 2014 | | Nationwide


Robin Williams tops 2014 list of Google net searches

SAN FRANCISCO (AP) - Robin Williams' suicide seared into the world's collective mindset more than anything else this year, based on what people were searching for on Google.

December 16, 2014 | | Nationwide


WHAT DOES IT MEAN?

NEW YORK (AP) - The price of oil has fallen by nearly half in just six months, a surprising and steep plunge that has consumers cheering, producers howling and economists wringing their hands over whether this is a good or bad thing.

December 15, 2014 | | Nationwide


Russia raises key rate to its protect ailing economy

WASHINGTON (AP) - The Bank of Russia has raised its key interest rate to 17 percent from 10.5 percent in a desperate move to boost its currency and rescue its troubled economy.

December 15, 2014 | | Nationwide


‘Driving while black’? There’s an app for that

PORTLAND, Ore. (AP) - A "Driving While Black" smartphone application is set for release this month, but its developers say motorists should be careful when they use it.

December 11, 2014 | | Nationwide


Teen retailers: Cold shoulder for holidays

NEW YORK (AP) - Being a teen can be tough, but catering to one is even more difficult.

December 11, 2014 | | Nationwide


ALMONDS PROVIDE MORE THAN 100,000 JOBS

MODESTO -According to a new study from the University of California Agricultural Issues Center (AIC), the almond industry supports California's economic well-being by generating more than 100,000 jobs and more than $21 billion gross revenue across all industries in the state, adding about $11 billion dollars to size of the its total economy.

December 09, 2014 | | Nationwide


Why areas with good jobs have hard-to-afford homes

WASHINGTON (AP) - It's the new career trade-off:

December 09, 2014 | | Nationwide


No pay for Amazon warehouse security checks

WASHINGTON (AP) - The Supreme Court ruled Tuesday that warehouse workers who fill orders for retail giant Amazon don't have to be paid for time spent waiting to pass through security checks at the end of their shifts.

December 09, 2014 | | Nationwide


Ice bucket, Brazil elections popular on Facebook in 2014

MENLO PARK (AP) - Day after day, Facebook captures our best and worst moments, from the birth of a new baby to heated political spats. So what got discussed the most in 2014? The Ice Bucket Challenge and the death of Robin Williams, to name a few.

December 09, 2014 | | Nationwide


IRS paid $6 billion in bogus child tax credits

WASHINGTON (AP) - The IRS paid at least $6 billion in child tax credits in 2013 to people who weren't eligible to receive them, a government investigator said Tuesday.

December 09, 2014 | | Nationwide


Gas to average $2.60 next year

WASHINGTON (AP) - The Energy Department again slashed its prediction for next year's average price of gasoline across the U.S., this time to $2.60 a gallon. That would be 23 percent below this year's projected average and the lowest full-year average since 2009.

December 09, 2014 | | Nationwide


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