The world's most valuable company, Apple Inc., employs a group of affiliate companies located in Ireland to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found — and its CEO will be questioned Tuesday.
Apple 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.
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Brazilian organizers acknowledge there were setbacks in the inauguration of the stadium which will host the opener of the Confederations Cup, vowing to try to fix the problems in time for the second and final test event at the venue next Sunday.
The stadium in Recife, meanwhile, was inaugurated on Monday, becoming the last of the six Confederations Cup venues to receive a test event.
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Jose Mourinho will leave Real Madrid at the end of the season after three years at the Spanish club, paving the way for his expected return to Chelsea.
The Portuguese coach's final season at Madrid has been blighted by divisions and a lack of trophies, but he is free to leave three years early from his contract after the final match on June 1 without any compensation involved.
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New Zealand cricket fans reacted with mild surprise on Tuesday to news that veteran left-arm spinner and former captain Dan Vettori may be rushed into the lineup for the second test against England at Headingley.
News of 34-year-old Vettori's likely recall did little to lift the spirits of fans still digesting New Zealand's dismissal for 68 in the second innings of first test at Lord's which resulted in their defeat by 170 runs.
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Charlotte Bobcats owner Michael Jordan is changing his team's name to the Hornets, said a person familiar with the situation.
The person said Jordan will detail the timetable for the change to be completed at a news conference the Bobcats have scheduled for Tuesday. The person spoke to The Associated Press Monday on condition of anonymity because the name change has not been publicly announced.
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Antonio Banderas will star in a movie as one of the 33 Chilean miners trapped deep underground for more than two months in 2010, and the charismatic survivor he's playing couldn't be happier.
Mike Medavoy, producer of "The 33," announced on Sunday at the Cannes Film Festival that Banderas will play Mario Sepulveda, who known as "Super Mario" became the public face of the miners.
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Rescuers recovered another four bodies from a collapsed underground room at a giant U.S.-owned gold and copper mine in Indonesia, bringing the confirmed death toll to 21, mine officials said Tuesday. Seven others were believed buried under the rubble.
The Big Gossan underground training facility at the PT Freeport Indonesia mine collapsed last week when 38 workers were undergoing safety training. Ten injured miners were rescued.
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After all these years, Rafael Nadal still knows how to dominate Roger Federer.
In the 30th meeting between the two tennis greats, Nadal controlled the final from start to finish to win 6-1, 6-3 Sunday for his seventh Italian Open title.
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Arsenal qualified for the Champions League for the 16th straight season after edging Tottenham to fourth place in the Premier League, as Alex Ferguson bowed out as Manchester United manager with a 5-5 draw against West Bromwich Albion.
Laurent Koscielny's 52nd-minute volley sealed an unconvincing 1-0 for Arsenal at Newcastle, rendering Spurs' 1-0 victory over Sunderland — courtesy of a late screamer from Gareth Bale — meaningless.
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Paris Saint-Germain coach Carlo Ancelotti wants to leave the club and says Real Madrid is a possible destination.
The Italian had a meeting to discuss his future with club President Nasser Al-Khelaifi and sporting director Leonardo on Sunday. But it's believed the recently crowned French league champions are reluctant to release him a year before his contract expires.
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