News

The Irish loophole behind Apple's low tax bill 21 May 2013, 4:46 pm

By Tom Bergin LONDON (Reuters) - Apple's ability to shelter billions of dollars of income from tax has hinged on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs. A U.S. Senate investigation has revealed that Apple, maker of iPhones, iPads and Mac computers, had channelled profits into Irish-incorporated subsidiaries that had "no declared tax residency anywhere in the world". ...

Avs mum on report Patrick Roy may be next coach 21 May 2013, 4:46 pm

DENVER (AP) — Avalanche fans are talking about the possibility of Hall of Fame goalie Patrick Roy becoming the next coach of the Colorado team.

JPMorgan's Dimon survives shareholder referendum 21 May 2013, 4:45 pm

TAMPA, Fla. (AP) — Shareholders at JPMorgan Chase voted to let Jamie Dimon, the chairman and CEO, keep both his jobs.

Limited, slower Conn. rail service starts Tuesday 21 May 2013, 4:44 pm

HARTFORD, Conn. (AP) — Connecticut says limited, slower train service is about to resume, four days after a derailment injured scores of commuter rail passengers.

Los Angeles picking mayor after low-drama campaign 21 May 2013, 4:42 pm

LOS ANGELES (AP) — Citizens of Los Angeles are choosing a new mayor.

Egyptian troops mistakenly fire on a Sinai funeral 21 May 2013, 4:41 pm

CAIRO (AP) — Egyptian officials say troops and police mistakenly fired on a Bedouin funeral in the Sinai during a sweep searching for security personnel kidnapped by suspected militants.

Germany's SAP to recruit tech staff with autism 21 May 2013, 4:41 pm

BERLIN (AP) — German software giant SAP AG says it plans to recruit hundreds of staff with autism to make full use of their talents to process information.

Yankees, Man City to co-own NYC MLS team 21 May 2013, 4:39 pm

NEW YORK (AP) — The New York Yankees are going into the soccer business.

South Africa: Winnie Mandela forced auction flops 21 May 2013, 4:36 pm

JOHANNESBURG (AP) — There were no bidders and no locksmiths willing to force entry for a scheduled auction Tuesday to sell artworks and other belongings of Nelson Mandela's ex-wife.

Pigeon sale yields world record for feathered Bolt 21 May 2013, 4:36 pm

BRUSSELS (AP) — Flying high above Europe's economic crisis, a local lightning-fast pigeon called Bolt became the world's most expensive racing bird when his Belgian breeder sold it for 310,000 euros ($400,000) to a Chinese businessman.