Tim Cook

Tim Cook News

  • Actavis Lowers Tax Rate to 17% After Warner Chilcott Deal

    Updated 16 minutes ago

    Actavis Inc.’s $5 billion deal to buy Warner Chilcott Plc brings in a new stable of brand-name women’s health drugs. It also comes with headquarters relocated to Ireland and lower taxes for the combined company.

  • Apple CEO Cook Talks to Congress as Steve Jobs Never Did

    Updated 19 minutes ago

    Apple Inc. Chief Executive Officer Tim Cook is going somewhere his predecessor never ventured: the witness table at a congressional hearing on Capitol Hill.

  • Yen Weakens as Grains Drop With Gold; S&P 500 Advances

    Updated 41 minutes ago

    The yen weakened against the dollar after Japan’s economy minister backed away from comments that drove the currency to its biggest gain in three weeks. The pound slumped and European stocks fell while grains and precious metals led commodities lower. U.S. shares advanced.

  • Ireland's Appeal to Apple

    When Apple CEO Tim Cook testifies today before a congressional panel that's examining how companies use various maneuvers to cut their tax bills, here's a number to keep in mind: 2 percent.

  • Apple CEO to Take on Lawmaker Statements on Tax Avoidance

    Apple Inc. Chief Executive Officer Tim Cook will face off against U.S. senators leveling accusations the iPhone maker has created a web of offshore entities to avoid paying billions of dollars in U.S. taxes.

  • Apple Urges Simpler U.S. Tax Code Ahead of Senate Hearing

    Apple Inc., outlining proposals for a simplification of the U.S. corporate-tax system, urged Congress to lower tax rates and implement levies on foreign earnings that will enable “free movement” of capital back to the U.S.

  • Cameron Refrains From Talking Tax With Google’s Schmidt

    Updated 15 minutes ago

    U.K. Prime Minister David Cameron held back from discussing the tax affairs of Google Inc. during a meeting with business leaders who included the California- based company’s executive chairman, Eric Schmidt.

  • Digging Into Apple’s Overseas Cash Pile

    Apple is sitting on $40.4 billion in earnings overseas. The U.S. Senate wants to know what the company plans to do with it.

  • Apple CEO Cook to Propose Tax Reform for Offshore Cash

    Apple Inc., which holds $102 billion in cash and investments outside the U.S., will suggest changes to corporate-tax laws to encourage companies to bring more cash into the country.

  • Foxconn Faces Challenge Reducing Work Hours, Monitor Says

    Foxconn Technology Group faces a “challenging” task in trying to meet a July deadline for cutting work hours and improving union participation, said the labor monitor appointed by Apple Inc., its largest customer.

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