ExclusiveApple defends tax avoidance Opinion Mark - May 24, 2013 Michael Bowman of voanews.com writes: Top executives of American technology giant Apple faced intense questioning from U.S. lawmakers about the company's use of off-shore entities that allow it to shield billions of dollars in global profits from federal taxes. Apple’s chief executive admitted to no wrongdoing, but urged an overhaul of the U.S. tax code.
ExclusiveSamsung Galaxy S4 reaches 10 million sales in less than a month News Mark - May 23, 2013 Samsung Electronics says its Android-powered Galaxy S4 smartphone has already sold 10 million units since sales began on 26th April, less than a month ago. That’s the equivalent of four phones every second.
ExclusiveTech case manufacturer OtterBox acquires rival LifeProof News Mark - May 23, 2013 OtterBox has acquired TreeFrog Developments, the company behind the LifeProof brand. Both are US-based companies that make protective cases for smartphones and tablets. OtterBox was established in 1998, while LifeProof was founded in 2009.
ExclusiveEricsson will stop making telecom cables News Mark - May 23, 2013 Communications technology business Ericsson is planning to close its telecom cables operation within the company’s Networks business unit. 318 jobs in Sweden are expected to be lost.
ExclusiveSamsung buys a stake in South Korean rival Pantech News Mark - May 23, 2013 Samsung Electronics is reported to have bought a 10% stake in smartphone and tablet manufacturer Pantech. Pantech is South Korea’s third-largest handset maker after Samsung and LG.