Apple Reportedly Moved Offshore Billions To New Tax Haven
Apple revamped its overseas subsidiaries to take advantage of tax loopholes on the European island of Jersey after a crackdown on Ireland's loose rules began in 2013.
Watch CBS News
Apple revamped its overseas subsidiaries to take advantage of tax loopholes on the European island of Jersey after a crackdown on Ireland's loose rules began in 2013.
Shares in Kingdom Holding, the firm that Prince Alwaleed bin Talal built into a global power, have dropped 12% in two days after the prominent Saudi investor was arrested as part of an anti-corruption drive.
Some Apple users have discovered a bug that automatically corrects the lower-case letter "i" to "A" and a question mark symbol.
The Supreme Court has rejected Samsung's appeal of court rulings that it impermissibly copied features of Apple's iPhone.
It had all the fervor of a circus tent revival meeting. Apple CEO Tim Cook opened the doors to his company's flagship Palo Alto store Friday to customers waiting to buy new iPhone X.
Apple's market value on Friday briefly topped $900 billion for the first time.
A bold heist at a San Francisco mall. The target? The brand new iPhone X.
If you want an iPhone X when it's released on November 3, you'll have to wake up early, leave your house, and line up IRL at a store.
The likes of Facebook, Google and Apple are increasingly facing an uncomfortable truth: it is Europe's culture of tougher oversight of companies, not America's laissez-faire attitude, which could soon rule their industry.
Apple is teaming up with award-winning director Steven Spielberg for its first major push into TV programming.
There's a surprising new claim that Silicon Valley's biggest and best days may be over.
The Boston Red Sox have been fined by Major League Baseball for using electronic equipment to steal signs given by a Yankees catcher this season.
Apple fans who froze their credit after the Equifax data breach may end up with another hassle on their hands if they try to get one of the new iPhones that can cost more than $1,000.
Apple unveiled a new watch Tuesday that has cellphone access and a new version of its TV product that will broadcast in a 4k quality image in the first event held at the company's new Steve Jobs Theater.
Apple is expected to sell its fanciest iPhone yet for $1,000, crossing into a new financial frontier that will test how much consumers are willing to pay.
The world's richest company appears ready to aim for its own Emmy-worthy programming along the lines of HBO's "Game of Thrones" and Netflix's "Stranger Things."
Apple's faithful fans and investors won't have to wait much longer to see what the iPhone maker has in store next.
Iowa approved a deal Thursday to give Apple $208 million in state and local tax breaks to build two data storage centers near Des Moines and the promise to create 50 jobs.
Apple is donating $2 million to two human rights groups as part of CEO Tim Cook's pledge to help lead the fight against the hate that fueled the violence in Virginia during a white-nationalist rally last weekend.
For some, Apple's new campus stands in opposition to all of those ideas about smart growth and housing development near job centers.
Stocks are mostly lower Wednesday, but a big gain for Apple sent the Dow Jones industrial average above 22,000 for the first time.
Apple's iPhone may be ready for its next big act — as a springboard into "augmented reality," a technology that projects life-like images into real-world settings viewed through a screen.
Apple's earnings climbed 12 percent to $8.7 billion in the company's latest quarter amid rising demand for iPhones, iPads and Mac computers.
Dutch police arrested five Romanian men suspected of stealing iPhones worth 500,000 euros ($590,000) in a dangerous heist on a moving truck, a spokesman said Monday.
As music consumption continues to shift towards smartphones and streaming, Apple has reportedly discontinued the iPod Nano and iPod Shuffle.
With the World Cup coming to the Bay Area, local youth players say they've been waiting for this moment their whole lives.
A vegetation fire was burning in a remote area of eastern Contra Costa County on Thursday afternoon, Cal Fire said.
The Fairfield Police Department released body camera footage of officers breaking up a fight and arresting two students at Fairfield High School on Wednesday as videos of the incident circulated on social media.
A 40-year-old woman was arrested on Monday by San Francisco police and U.S. Marshals for multiple burglaries from gym locker rooms following a months-long investigation that spanned multiple counties.
Kyle Busch's family earlier Thursday announced he had been hospitalized with a "severe illness."
With the World Cup coming to the Bay Area, local youth players say they've been waiting for this moment their whole lives.
A vegetation fire was burning in a remote area of eastern Contra Costa County on Thursday afternoon, Cal Fire said.
The Fairfield Police Department released body camera footage of officers breaking up a fight and arresting two students at Fairfield High School on Wednesday as videos of the incident circulated on social media.
A 40-year-old woman was arrested on Monday by San Francisco police and U.S. Marshals for multiple burglaries from gym locker rooms following a months-long investigation that spanned multiple counties.
Kyle Busch's family earlier Thursday announced he had been hospitalized with a "severe illness."
With the World Cup coming to the Bay Area, local youth players say they've been waiting for this moment their whole lives.
A 40-year-old woman was arrested on Monday by San Francisco police and U.S. Marshals for multiple burglaries from gym locker rooms following a months-long investigation that spanned multiple counties.
Drivers who rely on 19th Avenue in San Francisco should expect delays this Memorial Day weekend, as repaving work will close a section of the roadway.
The first major step in saving the whales from ship strikes officially launched this week. A group of marine mammal experts gathered in San Francisco to launch Whale Spotter.
The woman who began San Francisco's month-long celebration of Asian Pacific heritage in 2005 is still shining her spotlight on the community today.
A vegetation fire was burning in a remote area of eastern Contra Costa County on Thursday afternoon, Cal Fire said.
If approved by voters, "Measure E" would tax single-family homes $192 per year to go towards emergency services, public safety and clean streets. City leaders anticipate that the tax would raise about $34 million per year.
Oakland Mayor Barbara Lee is marking one year in office by touting the city's progress in its homelessness strategy, crime rate, and overall outlook.
Gabby Williams knows all about the Bay Area, despite being a Nevada resident. She would travel from Reno to the Bay every spring and summer to play AAU basketball.
Police investigating the death of a person found in waters off Richmond over the weekend now believe the person died after crashing into the bay, authorities said.
Officials in Monterey County are moving forward with a proposal that would ban parking near the iconic Bixby Bridge at Big Sur, amid growing safety concerns involving tourists who stop along Highway 1 to take photos.
A disabled big rig in San Jose blocked multiple roads south of the downtown area and led to a major power outage because of its precarious position, authorities said.
An investigation is underway in East San Jose after an 8-year-old girl died days after she was found critically injured inside a home.
A "boil water" notice was lifted for a Mountain View neighborhood on Tuesday, nearly a month after a water main became contaminated following a construction mishap.
A Salinas police officer has been arrested after being accused of possessing child sexual abuse material, authorities said Tuesday.
A high school teacher in Marin County was arrested and suspended from his job over alleged sexual misconduct involving a minor, police said.
A Vallejo man is suspected of killing a woman on May 1 and then shooting a man on Tuesday, before being arrested by officers, police said.
A North Bay man is being held on more than $1 million bail after he was arrested Tuesday in connection with a series of arsons in Sonoma County, authorities said.
Lucas Ye, who is from Mountain View, designed his plushie based on the photographic capture of Apollo 8's view of the Earth. He and his family also traveled to Florida to watch the launch of Artemis II in April.
One person was killed and another person was injured by fallen tree branches in the North Bay over the weekend, as the Bay Area was hit by strong winds.
Kyle Busch's family earlier Thursday announced he had been hospitalized with a "severe illness."
Gabby Williams knows all about the Bay Area, despite being a Nevada resident. She would travel from Reno to the Bay every spring and summer to play AAU basketball.
The Valkyries assistant coach was a WNBA Champion, All Star, and a Sixth Woman of the Year throughout her career.
Aaron Rodgers says his 22nd season in the NFL will be his last.
The Professional Women's Hockey League (PWHL) announced Tuesday that San Jose has been awarded a team as the growing league expands to 12 teams.
The Fairfield Police Department released body camera footage of officers breaking up a fight and arresting two students at Fairfield High School on Wednesday as videos of the incident circulated on social media.
A 40-year-old woman was arrested on Monday by San Francisco police and U.S. Marshals for multiple burglaries from gym locker rooms following a months-long investigation that spanned multiple counties.
A former bishop of the Church of Jesus Christ of Latter-day Saints was charged with sexually abusing minors in Livermore during the 1990s and early 2000s, authorities said.
A high school teacher in Marin County was arrested and suspended from his job over alleged sexual misconduct involving a minor, police said.
An investigation is underway in East San Jose after an 8-year-old girl died days after she was found critically injured inside a home.
AI tools that autonomously perform tasks for users mark a major step forward from chatbots, according to tech experts.
The first major step in saving the whales from ship strikes officially launched this week. A group of marine mammal experts gathered in San Francisco to launch Whale Spotter.
Ken Paxton notes that Meta Glasses are able to use cameras, speakers, and other components to capture data, including video and audio recordings and peoples' facial geometry.
California jury dismissed all charges, finding that Musk missed the three-year statute of limitations to file suit.
AI companies are recruiting a wide range of temp workers, from writers to wine enthusiasts, for hourly-paid gigs to help train their language models.
WHO chief Tedros Adhanom Ghebreyesus says risks from the Ebola outbreak in Congo and Uganda are "high at the national and regional levels, and low at the global level."
The cruise ship hit by a deadly hantavirus outbreak has docked at the Dutch port of Rotterdam for disinfection, wrapping up a troubled journey that put world health authorities on alert.
At least 80 deaths have been reported in a new Ebola disease outbreak in Congo and Uganda, authorities said.
California public health officials said on Wednesday that they have identified a fifth resident who may have been exposed to the Andes hantavirus due to the outbreak on the MV Hondius cruise ship.
Health officials in Napa County are warning the public not to eat wild mushrooms after three people were poisoned.
Officials in Monterey County are moving forward with a proposal that would ban parking near the iconic Bixby Bridge at Big Sur, amid growing safety concerns involving tourists who stop along Highway 1 to take photos.
The additions come after the ouster of dozens of immigration judges across the country by the Trump administration over the past year.
If approved by voters, "Measure E" would tax single-family homes $192 per year to go towards emergency services, public safety and clean streets. City leaders anticipate that the tax would raise about $34 million per year.
Oakland Mayor Barbara Lee is marking one year in office by touting the city's progress in its homelessness strategy, crime rate, and overall outlook.
Former Cuban leader Raúl Castro was indicted by a U.S. grand jury in connection with the Cuban military's fatal downing of two planes in 1996 — an escalation in the U.S. pressure campaign against the Cuban government.
Jason Collins, the NBA's first openly gay player, who went on to become a pioneer for inclusion and an ambassador for the league, has died, his family announced Tuesday.
Philz Coffee will once again sport the Pride flag at its cafés after a directive to have them and other flags removed created a backlash.
The Trump administration agreed to restore the Stonewall National Monument's Pride flag in Greenwich Village after it was removed.
Philz Coffee's move to remove the Pride flag and all other flags from their stores is brewing up some strong reaction.
Transgender women athletes are now excluded from women's events at the Olympics after the IOC agreed to a new eligibility policy on Thursday.
Aubry won the record $2 million prize for earning 8-of-11 votes in Wednesday night's finale of "Survivor 50."
Lee Mendelson Film Productions alleges the U.S. Department of the Interior illegally used the jazzy tunes in social media posts and a video game.
"The Late Show" host Stephen Colbert is marking the end of an iconic late-night franchise on CBS.
Bay Area fans of the K-pop superstar group BTS flocked swarmed Stanford University more than 24 hours before the first of three shows on campus.
City officials in Elk Grove were finalizing preparations on Friday for a visit by country superstar Luke Bryan and an expected attendance of over 20,000 of his fans on Saturday.
Ever since the COVID-19 pandemic, the Oakland Unified School District has seen an alarming spike in the number of unhoused students in the school system who deal with a host of challenges far beyond what most children face.
Meteorologist and CBS News Bay Area's resident pilot Lt. Jessica Burch got a treat during Fleet Week, taking to the skies with one of the Blue Angels.
A Bay Area man discovered his devastating loss left him with a new opportunity to rethink how he lives -- follow his journey in virtual reality, 360-degree video.
A groundbreaking medical study involving the UCSF Medical Center has shown some colorectal cancer patients can safely skip radiation treatment and enjoy a potentially higher quality of life.
Every day, San Francisco bar pilot Captain Zach Kellerman goes through what might just be the world's most dangerous commute.
With the World Cup coming to the Bay Area, local youth players say they've been waiting for this moment their whole lives. Itay Hod reports.
A long-awaited Santa Clara Valley Transit Authority extension project has reached a major milestone. The East San Jose connector to Milpitas BART is scheduled to be ready for riders in 2028. As Len Ramirez reports, some small businesses may not last long enough to see it.
A major rate hike is coming to California's insurance plan of last resort, impacting thousands of residents in fire-prone areas. Anne Makovec reports.
The Norton Fire was burning in Black Diamond Mines Regional Preserve.
Students at San Jose State University are graduating this week during a tough time in the tech market, punctuated by layoffs amid a shift toward artificial intelligence. Katie Nielsen reports.
In 2025, KPIX is moving to a new community service award: the CBS News Bay Area Icon Award. Submit nominations for an outstanding community hero at kpix.com/icon.
It's the most wonderful time of the year for a South Bay woman who has played Mrs. Claus for more than 40 years for the children of North San Jose's Alviso District.
For residents of the Oakland Hills, the prospect of another wildfire always remains a concern. This week's Jefferson Awards winner has made it his mission to make the hills and other high-risk areas safer.
In East Palo Alto -- where state education numbers show more than nine in ten public school students are low income and more than half are English learners -- many are finding hope and connection at the Boys & Girls Clubs of the Peninsula.
This week's Jefferson Award winner is Army veteran who continues to live a life of service into his 80s, by feeding hundreds of San Francisco families a week.
A Bay Area man who overcame tremendous obstacles to excel in school has made it his mission to gear up other students for success in the classroom and in life.
For Students Rising Above scholar Josh Collins it took moving across the country to realize the value of his Bay Area family.
Samir Hooker had to grow up fast after his stepfather was shot dead 12 years ago. Now he is watching over his mom and sister while attending UC Berkeley.
It's hard enough to graduate from one of the most prestigious schools in the country when you're the first in your family to go to college. Imagine doing that while you're also trying to protect your parents from being deported?
Some students who are the first in their families to go to college face the challenge of balancing a rigorous academic load while still working to help support their family back home.