By Poornima Gupta and Padraic Halpin SAN FRANCISCO/DUBLIN (Reuters) - Apple has operated almost tax-free in Ireland since 1980, welcomed by a government keen to bring jobs to what was then one of Europe's poorest countries, former company executives and Irish officials have said. Chief Executive Tim Cook faced criticism from a Senate subcommit... [Full Article]
CAIRO (AP) - The safe release Wednesday of seven conscripts kidnapped by suspected militants in Sinai brought a victory for Egypt's Islamist president after months of criticism that his government is mismanaging the country. (Source: Associated Press)... [Full Article]
BANGALORE (Reuters) - Infosys Ltd, India's No. 2 software services exporter, said on Monday it would challenge a 5.77 billion rupees ($105.3 million) income tax demand raised by Indian authorities earlier this month. The demand relates to certain tax benefits on income from software development done overseas at the clients' location and r... [Full Article]
By Noel Randewich SAN FRANCISCO (Reuters) - Global tablet shipments more than doubled in the first quarter and while Apple remained the top seller, Asian manufacturers making low-end gadgets accounted for a major chunk of the growth, according to a report. Tablet shipments reached 49.2 million units in the January-to-March period, 142.4 percent mor... [Full Article]
BEIJING (AP) - A top North Korean envoy delivered a letter from leader Kim Jong Un to Chinese President Xi Jinping on Friday and told him Pyongyang would take steps to rejoin stalled nuclear disarmament talks, in an apparent victory for Beijing's efforts to coax its unruly ally into lowering tensions. (Source: Associated Press)... [Full Article]
By Suzanne Barlyn WASHINGTON (Reuters) - Wall Street's watchdog will present a plan to its board in July that would require brokers to tell certain clients about compensation they receive when they switch firms, the regulator's chief said on Tuesday. Richard Ketchum, the Financial Industry Regulatory Authority's chairman and chief ex... [Full Article]