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Italy Investigates Apple's Hidden Billion

2013-11-14 18:32:08| TechNewsWorld

Italian authorities are investigating Apple for allegedly hiding 1 billion euros -- about $1.34 billion -- from the taxman. Prosecutors in Milan claim that Apple didn't declare more than $250 million in 2010 and more than $1 billion in 2011. Apple's Italian subsidiary booked some profits with an Irish subsidiary, thereby lowering its taxable income in Italy, according to Italian sources.

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Shell Reported As Seeking $6 Billion Credit Line

2013-11-14 18:20:00| OGI

Shell joins Rio Tinto Group and Daimler AG refinancing debt early.

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Cassini captures Earth and all of humanity from a billion miles away

2013-11-14 16:00:42| Extremetech

Taken from about one and a half billion kilometers away, Earth's latest long-range selfie also features one of the most dramatic events ever captured on film: a Saturnian total eclipse.

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J&J said to reach $4 billion settlement in hip-implant suits

2013-11-14 06:07:45| Food - Topix.net

Johnson & Johnson will pay more than $4 billion to resolve thousands of lawsuits about its recalled hip implants in the largest settlement of U.S. legal claims for a medical device, three people familiar with the deal said.

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Richest countries spent $74 billion on fossil fuel subsidies in 2011

2013-11-13 19:14:00| Climate Ark Climate Change & Global Warming Newsfeed

Mongabay: In 2011, the top 11 richest carbon emitters spent an estimated $74 billion on fossil fuel subsidies, or seven times the amount spent on fast-track climate financing to developing nations, according to a recent report by the Overseas Development Institute. Worldwide, nations spent over half a trillion dollars on fossil fuel subsidies in 2011 according to the International Energy Agency (IEA). "The status quo encourages energy companies to continue burning high-carbon fossil fuels and offers no...

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