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.
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.
In Tampa, Fla., Tuesday, JPMorgan Chase holds its annual shareholder meeting. They will vote on a key measure: Whether to strip CEO Jamie Dimon of his title of chairman of the board. A growing number of companies have split the CEO and chairman roles.
On the night of Oct. 19, 1984, Erik Vogel was uneasy about flying. It was snowing; his plane's deicer and autopilot weren't working; and his co-pilot had been bumped to fit one more passenger on his 10-seater. But the young pilot was behind schedule and he felt like his job was on the line, so he took off, as he did most days, shuttling between the remote communities that dotted the Canadian wilderness.
Phil Jackson is famous not only for coaching stars — Michael Jordan and Scottie Pippen with the Chicago Bulls, Kobe Bryant and Shaquille O'Neal with the L.A. Lakers — but also for his distinctive "zen" approach to basketball. He introduced his teams to yoga and meditation, and regularly assigned his players books to read.
When the sun rises over the Rio Grande Valley, the cries of the urracas – black birds – perched on the tops of palm trees swell to a noisy, unavoidable cacophony. That is also the strategy, it could be said, that local officials, health care providers and frustrated Valley residents are trying to use to convince Governor Rick Perry and state Republican lawmakers to set aside their opposition and expand Medicaid, a key provision of the federal health law.
Worker Charles Lee sorts through clothes at Mac Recycling near Baltimore. Textile recycling is a huge international business, and a small facility like Mac ships about 80 tons of clothes each week to buyers around the world.
Credit Jackie Northam / NPR
Bales of used clothing are seen at Mac Recycling near Baltimore. Textile recycling is a huge international business, and a small facility like Mac ships about 80 tons of clothes each week to buyers around the world.
On a bright and warm Saturday morning, there's a steady flow of people dropping off donations at Martha's Table, a charity in downtown Washington, D.C. A mountain of plastic and paper bags stuffed with used dresses, scarves, skirts and footwear expands in one corner of the room. Volunteers sort and put clothes on hangers. They'll go on sale next door, and the proceeds will help the needy in the area.
It's a scene played out across the U.S.: people donating their old clothes, whether through collection bins or through large charities, to help others.
NBC News has put together a time-lapse video of the EF-4 tornado that tore through the southern suburbs of Oklahoma City, Okla.
As we told you in the live blog, the National Weather Service says it was at least an EF-4 tornado with winds in excess of 166 mph. The tornado stayed on the ground for 40 minutes and traveled 20 miles.