Apple Inc. Chief Executive Officer Tim Cook provided a figure to Congress on Tuesday that U.S. companies rarely disclose: its federal tax bill. Apple paid $6 billion last year -- a rate of 30.5 percent.
Spot gasoline in Los Angeles tumbled against futures for the first time in four days as the fuel began trading for June delivery and a government report showed regional stockpiles jumped last week by the most since January.
U.S. Senate scrutiny of Apple Inc.’s tax strategies turned the spotlight on a unit with $30 billion in profit since 2009 that’s incorporated in Ireland, controlled by a board in California, and doesn’t pay taxes in either place.
Spot gasoline in the U.S. Pacific Northwest dropped by the most against futures since February as tankers carried oil products to the region and a Royal Dutch Shell Plc refinery recovered from a power failure.
Tuba player Andrew Schwartz quit the Manhattan School of Music in 2011 when he saw opportunities shrinking and orchestras struggling. After a series of low-paid jobs such as selling stocks by phone, he left the workforce in August to pursue a master’s degree in business administration.
In Portland, 44 percent of the population rents and the remaining 56 percent are homeowners. And in the past year the Portland real estate market has seen an 12.9 percent increase in value, with a median sales price of $278,900, according to Zillow.