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.
A worker chips away at Jerusalem stone, likely destined for a building facade somewhere in the world. Stone and marble is a big business in Palestinian towns near Bethlehem. Quarries are in Israeli-controlled areas, and access can be a challenge.
Rami El-Zogheir (right), general manager of Hebron's Golf & Horse Footwear, says he's ready to expand into other Arab markets. All he needs, he says, are assurances that the political situation will at least stay the same, if not improve.
U.S. Secretary of State John Kerry heads back to Israel and the West Bank on Thursday for more talks on restarting peace negotiations between Israelis and Palestinians. When he was there last month, he walked away with at least one agreement — to improve the West Bank economy. Here's how he put it as he left Israel:
It's exactly the sort of futuristic thinking you'd expect from Google and NASA: Late last week, the organizations announced a partnership to build a Quantum Artificial Intelligence Lab at NASA's Ames Research Center.
If you have a savings account you probably already know this: Your money there is losing value to inflation. Yields are so low that returns are not even keeping up with the cost of living.
I've been watching some of my own savings dwindle. And that prompted me to take up a challenge: I'm taking $5,000 from personal savings and putting it to work. I'm not a financial whiz, pundit or any kind of guru.
Group houses are becoming popular — again — among some single baby boomers, and not just for financial reasons. Marianne Kilkenny (second from right) shares her home in Asheville, N.C, with four other people.
Bonnie Moore, the founder of the Golden Girls Network, shares her five-bedroom house in Bowie, Md., with three other women in their 60s. Moore says, "It's a little bit like family, a little bit like roommates, a little bit like a sorority house."
The most unforgiving criticism in sport is directed at any athlete who fans believe is celebrated too excessively above his true talent level — especially those stars who are gloried because they're such pretty people.
Oil production in New Mexico has increased by nearly 50 percent over the last three years, making it one of five western states that have helped boost national production over the last three years.
Statistics from the U.S. Energy Information Administration show onshore oil production increased nationally by more than 2 million barrels a day — or nearly two-thirds — between February 2010 and February 2013.
North Dakota and Texas have been the driving forces, but New Mexico along with Oklahoma, Wyoming, Colorado and Utah account for 15 percent of the growth.
Former Iranian President Akbar Hashemi Rafsanjani's candidacy for the country's presidency was rejected Tuesday by the powerful Guardian Council. He's seen here on May 11 registering his candidacy for the June 14 election.
Iran's powerful Guardian Council has disqualified two key candidates — a former president and a top aide to the current president — from running in the June 14 presidential election.
The Guardian Council, which vets all candidates, approved eight names Tuesday but left out former President Akbar Hashemi Rafsanjani and Esfandiar Rahim Mashaei, who was handpicked by President Mahmoud Ahmadinejad.
Mashaei said he would appeal the decision to the country's supreme leader; Rafsanjani did not comment.
From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.
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And I'm Melissa Block.
The top executives of Apple faced tough questions today on Capitol Hill. They came at a hearing about Apple's alleged avoidance of billions of dollars in U.S. income taxes. Yesterday, Senate investigators released a study describing how the maker of the iPhone, iPad and Mac computers used subsidiaries based in Ireland to avoid income taxes on a big chunk of its global profits.