LATEST BUSINESS NEWS

Apple’s overseas strategy ducks U.S. taxes, investigators find

WASHINGTON — Apple Inc. employs a group of affiliate companies located outside the United States to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found. The world’s most valuable company is holding overseas some $102 billion of its $145 billion in cash, and an Irish subsidiary that earned $22 billion in 2011 paid only $10 million in taxes, according to the report issued Monday by the Senate Permanent Subcommittee on Investigations.  READ MORE »

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The fruit-safety chain

How growers and packers navigate the complex maze of regulations

When 33 people died in 2011 from contaminated cantaloupe grown in Colorado, food producers and processors across the country could see the writing on the wall: Here come the regs. Stricter food-safety regulations, including new guidelines for the apple, cherry, pear and peach crops of North Central Washington, became inevitable as consumers demanded cleaner food from more eco-friendly production processes.  READ MORE »

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