Daily News: Reuters Technology News Headlines - Insight: Apple controversy lays bare complex Irish tax web

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Saturday, Jul 13, 2013 02:31 AM PDT
Today's Reuters Technology News Headlines - Yahoo! News: Insight: Apple controversy lays bare complex Irish tax web AT&T to pay hefty $1.2 billion for Leap in latest telco deal Disney film units settle Silicon Valley anti-poaching lawsuit Icahn sweetens bid for Dell by adding warrants AT&T to buy Leap Wireless for $1.19 billion in cash Microsoft pushes U.S. Customs to enforce phone import ban

Insight: Apple controversy lays bare complex Irish tax web  Saturday, Jul 13, 2013 02:31 AM PDT By Padraic Halpin, Carmel Crimmins and Himanshu Ojha DUBLIN (Reuters) - Occupying a single floor of a three-storey building in a suburban Dublin office park, Western Union's offices are notably modest for the international headquarters of the world's largest money transfer firm. The set-up is typical of swathes of U.S. companies using Ireland to cut their tax bill. A Reuters analysis of Irish and U.S. filings shows that more than 40 percent of the S&P 500 have registered subsidiaries in the country. That nexus, which has created over 100,000 jobs for Ireland, was laid bare when the U.S. ... Full Story	Top
AT&T to pay hefty $1.2 billion for Leap in latest telco deal  Saturday, Jul 13, 2013 01:08 AM PDT By Jennifer Saba and Nicola Leske NEW YORK (Reuters) - AT&T Inc will buy Leap Wireless International Inc for $1.19 billion, paying almost double the current value of the prepaid mobile service provider as major U.S. carriers scramble to acquire valuable wireless spectrum. The No. 2 U.S. carrier is offering $15 a share in cash - an 88 percent premium to Leap's Friday close of $7.98 - to seal the latest of a wave of acquisitions to emerge from a telecoms sector struggling to expand network capacity, as use of bandwidth-hungry smartphones and tablets explodes. ... Full Story	Top
Disney film units settle Silicon Valley anti-poaching lawsuit  Friday, Jul 12, 2013 06:58 PM PDT By Dan Levine SAN FRANCISCO (Reuters) - Walt Disney Co's Lucasfilm Ltd and Pixar units have settled a lawsuit accusing them and other technology companies of conspiring not to poach each others' employees, resolving their part in a case that involves some of Silicon Valley's biggest names. The settlement was disclosed in a Friday court filing that did not elaborate on terms of the deal. Disney was not immediately available for comment. This year, a U.S. ... Full Story	Top
Icahn sweetens bid for Dell by adding warrants  Friday, Jul 12, 2013 04:19 PM PDT By Nicola Leske and Poornima Gupta (Reuters) - Billionaire investor Carl Icahn and Southeastern Asset Management Inc sweetened their takeover bid for Dell Inc on Friday, adding warrants they said would increase the offer to a range of $15.50 to $18.00 per share from $14.00. The move is Icahn's latest effort to block a $24.4 billion buyout offer, of $13.65 per share, from company founder Michael Dell and private equity firm Silver Lake. Under the new offer from Icahn, Dell shareholders would get $14.00 per share and a warrant for every four shares held. ... Full Story	Top
AT&T to buy Leap Wireless for $1.19 billion in cash  Friday, Jul 12, 2013 03:37 PM PDT (Reuters) - AT&T Inc said on Friday it will acquire prepaid wireless provider Leap Wireless International Inc in a deal valued at about $4 billion, including debt as large carriers scramble to accumulate valuable spectrum. Under the agreement, AT&T will acquire all of Leap's stock and approximately 5 million subscribers for $15 per share in cash or about $1.2 billion. The offer represents a premium of 88 percent to Leap's Friday closing price of $7.98. As of April 15, Leap had $2.8 billion in debt, the companies said in a statement. Leap's shares more than doubled to $16. ... Full Story	Top
Microsoft pushes U.S. Customs to enforce phone import ban  Friday, Jul 12, 2013 03:16 PM PDT WASHINGTON (Reuters) - Microsoft Corp, which won a ban last year on importing some phones made by a Google Inc subsidiary, filed a motion in a U.S. court on Friday asking the U.S. Bureau of Customs and Border Protection to enforce the measure. The U.S. International Trade Commission, which hears a long list of high-tech patent complaints, said in May 2012 that Google's Motorola Mobility infringed a Microsoft patent for generating and synchronizing calendar items. It barred any infringing Motorola Mobility device from being imported into the United States. ... Full Story	Top

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