How Apple's phantom taxes hide billions in profit

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 ...

Sony more than doubles net loss forecast to $6.4 bn

Japan's Sony on Tuesday said it would book a net loss of about $6.4 billion in the year to March, more than double its previous forecast amid sweeping changes at the struggling electronics giant.

Apple to build 2nd campus, hire 20,000 in $350B pledge

Apple is planning to build another corporate campus and hire 20,000 workers during the next five years as part of a $350 billion commitment to the U.S. that will be partially financed by an upcoming windfall from the country's ...

Women Still Less Likely to Commit Corporate Fraud

Women are less likely to take part in corporate crime and fraud even though more women now work in corporations and serve at higher levels of those organizations, according to a team of sociologists.

Panel says Apple uses firms outside US to avoid taxes (Update)

The world's most valuable company, Apple Inc., employs a group of affiliate companies located in Ireland to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found—and its CEO will be questioned ...

Senate probe: Microsoft, HP avoid offshore taxes (Update)

(AP)—Microsoft Corp., the Hewlett-Packard Co. and other multinational corporations have avoided billions in U.S. taxes by shifting profits offshore and taking advantage of weak, ambiguous sections of the tax code, Senate ...

HP CEO pleads patience as earnings fall 44 pct

(AP) -- Hewlett-Packard Co. CEO Meg Whitman pleaded for patience Thursday as she described operational challenges and other internal problems that contributed to a decline in earnings at one of the world's largest technology ...

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