Apple

1:02pm

Thu May 30, 2013
The Two-Way

Ubuntu Marks 'Bug No. 1' As Fixed, After Nearly Nine Years

Since it was first filed in August of 2004, Ubuntu's Bug #1 attracted many comments. With comment number 1834, Mark Shuttleworth declared the issue fixed today.
Launchpad

In the more than eight years since it was written, the open-source operating system Ubuntu's "Bug #1" has been seen as a rallying call. After all, the bug's title is "Microsoft has a majority market share."

But the entry was officially closed Thursday, partly because the "broader market has healthy competition" as Ubuntu leader Mark Shuttleworth writes in his comments on closing the bug today.

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5:32am

Fri May 24, 2013
The Two-Way

Book News: Judge's Comments Bruising To Apple's Price-Fixing Case

A person walks by an Apple Store on April 23, 2013 in San Francisco, California.
Justin Sullivan Getty Images

1:07am

Wed May 22, 2013
Planet Money

Why Apple (And Lots Of Other Companies) Wound Up In Ireland

Originally published on Wed May 22, 2013 7:35 am

Andy Wong AP

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 — a way to get foreign companies to set up operations in the country.

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2:24am

Tue May 21, 2013
Business

CEO Cook To Defend Apple Before Senate Committee Hearing

Originally published on Tue May 21, 2013 9:13 am

Apple CEO Tim Cook speaks during an introduction of the iPhone 5 in San Francisco on Sept. 12. The Senate Permanent Subcommittee on Investigations says Apple is paying billions of dollars less than it should in taxes each year, taking advantage of technicalities in U.S. and Irish tax laws.
Eric Risberg AP

Giant technology firm Apple is paying billions of dollars less than it should in U.S. taxes each year, according to a report by the Senate Permanent Subcommittee on Investigations. In a hearing Tuesday in Washington, D.C., Apple CEO Tim Cook will defend the company.

The subcommittee's report says Apple avoids the tax payments mainly by shifting profits to three subsidiary companies in Ireland. The investigation found Apple is taking advantage of technicalities in U.S. and Irish tax laws to avoid paying any tax on a huge portion of its profits.

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7:55am

Wed May 15, 2013
The Two-Way

Cup Of Joe With Apple CEO Goes For $610,000

An anonymous bidder has offered $610,000 to have coffee with Apple CEO Tim Cook, in a charity auction that closed Tuesday afternoon.
Mark Lennihan AP

It turns out that the desire to speak with Apple CEO Tim Cook, along with $610,000, will buy you a cup of coffee. That's the winning bid offered in a charity auction for up to an hour of Cook's time.

As we reported last month, the chance to grab coffee with Cook at Apple's headquarters zoomed past the suggested value of $50,000 set at the Charitybuzz auction site, rising to more than $600,000 in just three days.

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