Apple’s enormous cash hoard grew to $237.6 billion in the fiscal fourth quarter, up $6.1 billion from the previous quarter.

If the company’s massive cash pile was its own company, it would be the seventh largest in the S&P 500 and the fourteenth largest public company in the world.

Read the Full Article: Source – CNBC
Time For Truth: (CNBC) – Apple's cash hoard swells to $237.6 billion, a record

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The crowd gasped with oohs and aahs when Chris Sheldon pulled his company’s new gadget from a silky black bag in front of hundreds of techies.

“We are very proud to introduce the least-advanced NoPhone ever,” he said at a technology conference in Canada this month. The NoPhone is a plastic rectangle that looks like a smartphone but does absolutely nothing. More than 10,000 have been sold in the past two years for about $10 each.

Read the Full Article: Source – Wall Street Journal
Time For Truth: (Wall Street Journal) – Hey, Check Out My New Phone! It Does Nothing.

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U.S. tax law gives the Obama administration power to double tax rates for European companies should it choose to dramatically escalate a dispute with the European Union over Apple’s tax bill.

Experts said the administration was unlikely to take such a drastic measure, and even if it did, courts might strike down that action because of treaties.

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The Republic of Ireland’s Cabinet meeting to discuss the European Commission’s decision that Ireland granted undue tax benefits of up to €13bn (£11bn) to Apple has been adjourned.

Finance Minister Michael Noonan said the Irish government will appeal the ruling.

Read the Full Article: Source – BBC News
Time For Truth: (BBC News) – Irish Cabinet meeting about Apple tax ruling adjourned until Friday

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