Apple was criticized in a Senate committee hearing Tuesday for using complex accounting to minimize the corporate taxes it pays. One key piece of the company's tax strategy: It funnels lots of its profits through subsidiaries in Ireland.
Offering low corporate tax rates has been a fundamental part of Ireland's economic strategy for decades β a way to get foreign companies to set up operations in the country.
U.S. Secretary of State John Kerry heads back to Israel and the West Bank on Thursday for more talks on restarting peace negotiations between Israelis and Palestinians. When he was there last month, he walked away with at least one agreement β to improve the West Bank economy. Here's how he put it as he left Israel:
It's exactly the sort of futuristic thinking you'd expect from Google and NASA: Late last week, the organizations announced a partnership to build a Quantum Artificial Intelligence Lab at NASA's Ames Research Center.
If you have a savings account you probably already know this: Your money there is losing value to inflation. Yields are so low that returns are not even keeping up with the cost of living.
I've been watching some of my own savings dwindle. And that prompted me to take up a challenge: I'm taking $5,000 from personal savings and putting it to work. I'm not a financial whiz, pundit or any kind of guru.
The most unforgiving criticism in sport is directed at any athlete who fans believe is celebrated too excessively above his true talent level β especially those stars who are gloried because they're such pretty people.
A federal court is set to decide on the lawfulness of stop-and-frisk, New York City's controversial policing strategy meant to stop gun violence. The policy gives police officers wide discretion to stop, question, and in some cases, pat down people they suspect are carrying illegal guns.
Lois Lerner, the Internal Revenue Service official who handled the division that deals with nonprofit groups seeking tax-exempt status, will invoke her Fifth Amendment right against self-incrimination rather than answer questions at a congressional hearing set for Wednesday.
Lerner is accused of placing conservative groups under special scrutiny when they applied for tax-exempt status. She was subpoenaed to testify Wednesday before the House Oversight Committee.
The 30-year-old Uzbek national accused of a terrorist conspiracy in Idaho and Utah waived his right to a detention hearing in Boise on Tuesday, and apparently avoided public disclosure of details of his alleged crimes.
According to a federal court document, an attorney for Fazliddin Kurbanov withdrew his client's request for the hearing. Kurbanov confirmed the decision through an interpreter and agreed to remain jailed pending a July 2 trial date.