A day after a Senate report blasted Apple for not paying U.S. taxes on billions of dollars in overseas income, Cook insisted that Apple pays the taxes it legally owes.
“There’s no shifting going on,” said Cook in his first appearance before Congress. “We pay all the taxes we owe, every single dollar.” Read recap of hearing on live blog. - More
Yahoo board has approved a deal to acquire blogging startup Tumblr, people familiar with the matter said Sunday.
Yahoo has agreed to pay $1.1 billion in cash for the company, one of the people said.
Tumblr would continue to operate largely as an independent business, the people said. - More