June 14, 2013 |
Eddy Cue, the Apple Inc. executive in charge of negotiating the company's controversial e-book deals, defended how the tech giant started its online bookstore as he made his highly anticipated appearance on the witness stand in a federal antitrust trial. During five hours of testimony Thursday and questioning that at times grew contentious, government lawyers pressed their case that the agreements Apple signed in 2010 with five major publishers amounted to a conspiracy to get consumers to pay more for electronic books.
June 14, 2013 |
Two prosecutors leading a nationwide campaign urging cellphone makers to embed a powerful antitheft feature in smartphones credited Apple and Samsung for moving in the right direction after a summit on the issue Thursday. New York Atty. Gen. Eric Schneiderman and San Francisco Dist. Atty. George Gascón have repeatedly called on the tech industry to create phones that would no longer be usable once reported stolen. They met in New York on Thursday with leaders of Apple Inc., Google Inc., Samsung Electronics Co., Microsoft Corp.
June 11, 2013 |
SAN FRANCISCO - Apple Inc. unveiled a daring overhaul of its mobile operating system to kick off its annual developers conference, where it hopes to show critics that it has lost none of its innovative swagger. In addition to unveiling iOS 7, the company made a blizzard of other product and feature announcements that included upgrades to MacBook laptops and a new streaming radio service. As expected, there were no new iPhones or iPads, which are often announced separately. But the presentation seemed in spirit to also be a rebuttal to critics who contended that Apple had lost its innovative edge in the last year.
June 7, 2013 |
Chief Executive Tim Cook likes to say Apple Inc. has an advantage over competitors because it does three things well: hardware, software and services. For much of the year, speculation about new hardware gets the lion's share of attention from obsessive Apple fans. But on Monday, software and services will be in the spotlight as Apple kicks off its weeklong Worldwide Developers Conference in San Francisco. On the software side, the company is expected to unveil iOS 7, a redesigned version of its mobile operating system.
CALIFORNIA | LOCAL
June 5, 2013 |
SAN FRANCISCO - Faced with a steep rise in smartphone theft, the San Francisco district attorney and New York's attorney general said Wednesday that they will convene a summit next week with the top four phone makers to push for a technological fix to what they call a crime epidemic. “Last year, 50% of all robberies in San Francisco involved a mobile communications device,” San Francisco Dist. Atty. George Gascon said in an interview. “In Los Angeles it was 30%; 1.6 million Americans last year were victims of smartphone theft, and we've started to see some violence.” Gascon said representatives from Apple Inc., Google Inc., Samsung Electronics Co. Ltd. and Microsoft Corp.
June 3, 2013 |
Shares of Pandora Media Inc. tumbled Monday after reports surfaced that Apple Inc. had taken a key step toward launching its own music streaming service. Warner Music Group has signed a publishing and recorded music licensing deal with Apple for its long-rumored Pandora rival, widely referred to as iRadio , according to multiple reports. About halfway through Monday's stock-market session, Pandora shares were trading at $15.06, down $1.96, or 12%, from Friday's closing price.
May 24, 2013
Re "Apple execs grilled over tax strategy," Business, May 22 Unbelievable, stunning, incredible that members of Congress have the audacity to bring the chief executive of one of the most successful companies this country has ever seen to grill him on Apple Inc.'s tax strategy (which, by the way, is perfectly legal) so they can try to wring more money out of him. Apple paid $6 billion in taxes last year; isn't that enough? Forcing Chief Executive Tim Cook to respond to legislators who have been on the public dole much of their lives and haven't done much in the way of intellectual innovation (or even fixing this country economically)
May 23, 2013
Re "Apple's U.S. tax shelters faulted," May 21 French novelist Honoré de Balzac once wrote, "The secret of a great success for which you are at a loss to account is a crime that has never been found out, because it was properly executed. " That statement describes Apple Inc. perfectly, except it has finally been found out. Thankfully, Sen. Carl Levin (D-Mich.), chairman of the Senate Permanent Subcommittee on Investigations, seeks to expose Apple's fraudulent tax policies.
May 22, 2013 |
WASHINGTON - Apple Inc. Chief Executive Tim Cook was supposed to face a hostile Capitol Hill crowd but instead he wielded the company's popularity like a shield to deflect some of the most aggressive questioning over the company's controversial tax practices. A handful of heated exchanges erupted in the hearing Tuesday before the Senate Permanent Subcommittee on Investigations as lawmakers pressed Cook and two other Apple executives to explain how the company used its Irish subsidiaries to avoid paying billions of dollars in taxes.
May 20, 2013 |
WASHINGTON - Apple Inc., one of the most successful and valuable companies on the planet, will be tested Tuesday when Chief Executive Tim Cook testifies about the company's controversial tax practices before a hostile Senate subcommittee. Should the company, as Apple and Cook argue, be applauded for creating hundreds of thousands of jobs and paying $6 billion in federal taxes last year, among the most of any U.S. corporation? Or should Apple be reviled for stashing a hoard of cash overseas so it could legally skirt an additional $15 billion in taxes over four years, making it potentially one of the country's biggest tax avoiders?