The Other Side of Life 24/7: Technology Report: Google's Schmidt to meet Britain's Cameron as tax row rages

Friday, May 17, 2013

Technology Report: Google's Schmidt to meet Britain's Cameron as tax row rages

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05/17/2013

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Google's Schmidt to meet Britain's Cameron as tax row rages

LONDON (Reuters) - Google Inc's Executive Chairman Eric Schmidt is due to meet British Prime Minister David Cameron on Monday as a participant of an advisory group just days after UK lawmakers lambasted the Internet company's tax affairs.

Apple's Cook to propose tax changes at congressional hearing: report

(Reuters) - Apple Inc CEO Tim Cook will propose tax changes that would encourage firms to bring home more of their offshore funds when he faces congressional queries next Tuesday over his company's overseas cash holdings and tax bills, the Washington Post reported.

Rivals get longer to comment on Google EU antitrust offer: source

BRUSSELS (Reuters) - EU antitrust regulators have given some of Google's rivals more time to study its proposals to settle anti-competitive complaints, which could provide more leverage to pry further concessions from the Internet search giant.

FCC nominee Wheeler will divest holdings if confirmed

WASHINGTON (Reuters) - Tom Wheeler, nominated to become the new chairman of the Federal Communications Commission, pledged to divest stakes in AT&T Inc, Dish Network Corp, Google Inc and dozens of other tech and telecoms companies if he is confirmed.

Pro-Assad hackers attack Financial Times

LONDON (Reuters) - The website and Twitter feed of the Financial Times were hacked on Friday, apparently by the "Syrian Electronic Army", a group of online activists who say they support Syrian President Bashar al-Assad.

U.S. authorities seize accounts of major Bitcoin operator

ST. LOUIS, May 17 (Thomson Reuters Accelus) - U.S. authorities have seized two accounts linked to a major operator in the booming Bitcoin digital currency market, Tokyo-based exchange Mt. Gox. The move may prevent the firm from facilitating the purchase and sale of Bitcoins in U.S. dollars at a time when use of the currency and its value has mushroomed.

Sanyo may cease to exist under Panasonic reorganization: Nikkei

(Reuters) - Sanyo Electric Co may cease to exist under a reorganization by Panasonic Corp that includes global jobs cuts, Nikkei reported on Friday.

Yahoo Japan suspects 22 million user IDs leaked: Kyodo

(Reuters) - Yahoo Japan Corp said on Friday night it suspected that up to 22 million of its user IDs may have been "leaked" and it detected an unauthorized attempt to access the administrative system of its web portal Yahoo Japan, the Kyodo news agency reported.

Sony to name Chugai Pharma's CEO as chairman: Nikkei

(Reuters) - Sony Corp plans to appoint Chugai Pharmaceutical Co Chief Executive Osamu Nagayama as chairman, the Nikkei reported.

After Google, Amazon to be grilled on UK tax presence

LONDON (Reuters) - Internet retailer Amazon.com Inc. will be called back to the British parliament to clarify how its activities in the UK justify its low corporate income tax bill, two lawmakers told Reuters.