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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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Articles by Section - Nationwide


Get ready for 3% down home loans

WASHINGTON (AP) - Some Americans will soon be able to buy a home with a down payment as low as 3 percent, compared with the current minimum of 5 percent, the mortgage giants Fannie Mae and Freddie Mac say.

December 08, 2014 | | Nationwide


BIG MAC ATTACKS DECLINING

NEW YORK (AP) - Hold the pickles, onions and special sauce. The Big Mac is becoming a victim of finicky tastes.

December 08, 2014 | | Nationwide


Portland asks judge to stop Uber

PORTLAND, Ore. (AP) - Portland leaders are trying to make Uber's stay a short one.

December 08, 2014 | | Nationwide


Average Affordable Care premiums going up in 2015

WASHINGTON (AP) - Many people covered under President Barack Obama's health care law will face higher premiums next year, the administration acknowledged Thursday. While the average increases are modest, it's more fodder for the nation's political battles over health care.

December 04, 2014 | | Nationwide


Starbucks to push more food, offer mobile ordering

NEW YORK (AP) - Starbucks plans to let customers across the U.S. order ahead on their smartphones over the next year, a move that should help shrink lines as it pushes more snacks, sandwiches and even wine.

December 04, 2014 | | Nationwide


Apple says plaintiffs’ iPods not covered by suit

SAN FRANCISCO (AP) - For want of an iPod, a billion-dollar lawsuit may be in jeopardy.

December 04, 2014 | | Nationwide


Medicare Advantage enrollment deadline looms

Millions of Medicare Advantage customers are fast approaching a deadline for a task they'd rather avoid: Researching and then settling on coverage plans for 2015.

December 03, 2014 | By TOM MURPHY AP Business Writer | Nationwide


Air bag maker balks at coast-to-coast recall

WASHINGTON (AP) - Japan's Takata Corp. rejected federal regulators' demand Wednesday for an expanded, nationwide recall of millions of air bags, setting up a possible legal showdown and leaving some drivers to wonder about the safety of their cars.

December 03, 2014 | | Nationwide


House OKs bill to widen federal help for disabled

WASHINGTON (AP) - In a bipartisan show of unity, the House overwhelmingly approved a bill Wednesday to allow Americans with disabilities to open tax-free bank accounts to pay for expenses from education to housing and health care.

December 03, 2014 | | Nationwide


Girl Scouts byting into digital for cookie sales

NEW YORK (AP) - Watch out world, the Girl Scouts are going digital to sell you cookies.

December 02, 2014 | | Nationwide


Cyber Monday gives retailers sales bump

NEW YORK (AP) - Cyber Monday is turning into Cyber Month.

December 02, 2014 | | Nationwide


Death toll from GM ignition switches rises to 36

DETROIT (AP) - At least 36 people have died and 44 have been seriously injured in crashes involving General Motors cars with defective ignition switches.

December 02, 2014 | | Nationwide


Black Friday gets a little less frenzied

NEW YORK (AP) - Black Friday seemed a little less crazy this year.

November 29, 2014 | | Nationwide


Kickoff to Christmas: Thinner crowds, protests, alcohol

NEW YORK (AP) - Black Friday shoppers are starting to look like procrastinators.

November 29, 2014 | | Nationwide


Plunging crude prices hammer energy companies

NEW YORK (AP) - A decision by OPEC this week to maintain current levels of oil production hammered major energy companies in the U.S. and abroad.

November 29, 2014 | | Nationwide


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