Chief Operating Officer of Apple Tim Cook speaks at Verizon's iPhone 4 launch event in New York
Chief Operating Officer of Apple Tim Cook speaks at Verizon's iPhone 4 launch event in New York January 11, 2011. UPI/John Angelillo
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A congressional report said U.S. technology giant Apple was using gaps in international tax laws to avoid paying tax on tens of billions of dollars.
Apple Chief Executive Officer Tim Cook says he will call for corporate tax reform to make it less costly for U.S. corporations to repatriate cash from overseas.
If persistent rumors of Apple's introducing a low-cost version of its all-conquering iPhone -- rumors gaining credibility with each passing day -- turn out to be correct, it will mark a turning point for the Cupertino, Calif., tech darling. But you have to wonder what Steve Jobs would think about it.
Markets shoot higher ... Apple apologizes to Chinese customers ... Factory orders rose 3 percent in February ... Eurozone unemployment hits 12 percent ... News from United Press International.
The head of Apple Inc., Tim Cook, has apologized to Chinese customers after the company was hit with a deluge of complaints that appeared partly contrived.
Life origins in deep space simulated ... Google hit over ivory ads in Japan ... Space mission glitch may stay secret ... New iPhone 5S this summer? ... Science and Technology news from UPI.
The next iPhone, likely to be dubbed the iPhone 5S, will arrive this summer, probably in August, an Apple-watching website reported.
Apple value slips to second place ... ECB data suggest banks in recovery ... Google sparks hope in Kansas City ... Illinois downgrade costly, says treasurer ... News from United Press International.
Shares of U.S. technology innovator Apple dropped Friday, pushing the value of the firm from first to second place behind Exxon Mobil, stock data shows.
Apple, which has already provided a number of fixes and upgrades for its error-prone Maps software, says "more improvements" will come this year.
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United Press International
United Press International
