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| Article Title | Sentiment | Date | Summary | Stock | Id | Author |
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| Article Title | Sentiment | Date | ||||
| Apple Could Find Europe's $14.5 Billion Tax Bill In Its Couch Cushions | -12 | 2016-08-30 00:00:00 | The $14.5 billion hit would be less than 7% of that hoard if Apple elected to just settle the tax bill quietly. Over the 2003-2014 period the European Commission is demanding Ireland recoup unpaid tax for, European sales totaled $194 billion. Repaying $14.5 billion in back taxes, if it comes to that, is a drop in the bucket. But for Apple investors the seemingly massive tax bill should be of little concern from a dollars and cents standpoint. According to FactSet, Apple has generated more than $250 billion in European sales since it started breaking out the region’s revenue in its fiscal year ended September 1999. | APPL | {"Steve Schaefer"} | 1271 |
| Apple Fined $14.5 Billion By EU For Ireland Tax Deal | -7 | 2016-08-30 10:19:48+00 | On the other hand, however, the U.S. has also criticized EU tax officials for unfairly targeting American companies. It is effectively proposing to replace Irish tax laws with a view of what the Commission thinks the law should have been. Irish tax officials are also the ones responsible for collecting the fine from Apple. According to the European Commission, the deal gives Apple an unfair advantage over its competitors and also breaches rules governing the aid states can provide to companies. In 2014, when it opened the investigation into the Apple-Ireland tax deal, the European Commission accused Ireland of allowing Apple to dodge taxes in return for the company keeping the jobs in the country. | APPL | {} | 1278 |
| Ireland Set to Take Fight Over Apple Tax Bill to EU Court | -11 | 2016-11-08 00:00:00 | Vestager has said that while the vast majority of tax rulings they are analyzing “don’t give us any concern at all,” their investigations “show that tax rulings are also sometimes used in other ways: to grant individual companies a benefit that’s not available to others.” The EU’s Apple decision was the biggest ever state-aid payback demand. You will now receive the Business newsletter Politics The latest political news, analysis, charts, and dispatches from the campaign trail. Irish Finance Minister Michael Noonan will on Wednesday take his fight over Apple Inc.’s record 13 billion-euro ($14.4 billion) tax bill to a European Union court, potentially triggering years of litigation. You will now receive the Game Plan newsletter The Apple decision, which followed a three-year probe, is part of a wider EU campaign against corporate tax avoidance. | APPL | {"Stephanie Bodoni","More Stories Stephanie Bodoni"} | 990 |
| Apple Macs targeted by KeRanger ransomware for first time | -9 | 2016-03-07 00:00:00 | Apple customers were targeted by hackers over the weekend in the first campaign against Macintosh computers using a pernicious type of software known as ransomware, researchers with Palo Alto Networks have revealed. Ryan Olson, threat intelligence director at Palo Alto, said the “KeRanger” malware, which appeared on Friday 4 March, was the first functioning ransomware attacking Apple’s Mac computers. An Apple representative said the company had taken steps over the weekend to prevent attacks by revoking a digital certificate from a legitimate Apple developer that enabled the rogue software to install on Macs. The Transmission site offers the open source software that was infected with the ransomware. It advised users to immediately upgrade to version 2.91 of the software, which was available on its website, or delete the malicious one. | APPL | {} | 994 |
| Mac ‘Ransomware’ Attack Exposes Vulnerability of Apple Users | -7 | 2016-03-08 00:00:00 | That’s a small fraction of overall Mac users; Apple sold 5.31 million Macs in the first quarter of 2016. The ransomware, named KeRanger, would “sleep” for three days after being downloaded before encrypting the victim’s files, Mr. Olson said. Mac users have historically enjoyed more security from malicious applications, Mr. Olson said. Advertisement Continue reading the main storyWhile Apple and Transmission responded quickly to limit the damage, the episode illustrates the value of backing up important files, Mr. Olson said. The attack, while noteworthy, affected a relatively small number of people and doesn’t mean that typical Mac users should panic, experts say. | APPL | {"Daniel Victor"} | 995 |
| Silicon Valley Cozies Up to Washington, Outspending Wall Street 2-1 | -11 | 2016-10-18 00:00:00 | The five biggest U.S. tech companies are now the five biggest companies, period -- at least as measured by market value. The president hung out with Facebook Inc.’s Mark Zuckerberg and hired the government’s first chief tech officer. A political weather map of America would show Wall Street under a cloud, and Silicon Valley bathed in sunshine. Tech companies also typically back immigration rights for skilled labor that have become politically toxic, and they support trade accords that both presidential candidates oppose. Collaboration with tech companies pre-dates Obama’s creation of a special post to oversee it. | APPL | {"Saleha Mohsin"} | 996 |
| Apple Owes $14.5 Billion in Back Taxes to Ireland, E.U. Says | -21 | 2016-08-31 00:00:00 | As part of its ruling, Europe demanded that Ireland recoup 10 years’ worth of back taxes, some 13 billion euros, or about $14.5 billion, plus interest. Last week, the Treasury Department released a report criticizing any moves to recoup back taxes from American companies. Ireland’s corporate tax rate, at 12.5 percent, is one of the lowest in the developed world. A United States Senate committee said in 2013 that Apple had negotiated a special corporate tax rate of 2 percent or less in Ireland. Nonfinancial American companies hold a combined $1.7 trillion in cash overseas, according to the credit rating agency Moody’s. | APPL | {"Mark Scott","James Kanter"} | 997 |
| Apple-EU tax clash has others asking: Who's next? | -18 | 2016-08-30 00:00:00 | USA TODAYEuropean Union supporters hold up a European Union flag during a picnic in London on July 9, 2016. That’s because any tax payments Apple must pay in Europe could be deducted from its U.S. tax obligations. Ireland, for example, relies upon Apple for tax revenue and the revenue it brings from hiring workers and investments in local facilities, says Badertscher. Amazon says it had received no special tax treatment from Luxembourg and is subject to the same tax laws as other companies operating there. In Cork, Ireland, Apple employs 5,000, where it is the largest private-sector employer. | APPL | {"Edt August","Jon Swartz","P M","Elizabeth Weise"} | 998 |
| Apple Showdown Heightens Challenge of Encrypted Data | -46 | 2016-02-23 00:00:00 | Other courts have reached the exact opposite conclusion regarding the availability of the Fifth Amendment to maintain the encryption of electronic records. Advertisement Continue reading the main storyA much greater stumbling block for the government in obtaining encrypted data is the Fifth Amendment privilege against self-incrimination, which can be used to thwart efforts to get passwords required to unlock encrypted files. The appeals court found that the act of decryption would be testimonial, and therefore subject to the Fifth Amendment. The problem is figuring out how far the privilege against self-incrimination goes in protecting passwords that can open encrypted files. The Supreme Court held in Fisher v. United States that the content of documents — even if they are incriminating — is not protected by the Fifth Amendment. | APPL | {"White Collar Watch","Peter J"} | 999 |
| Apple to shareholders: order to pay back $14.5bn in taxes ‘will be overturned’ | -13 | 2016-08-30 00:00:00 | Tech giant Apple told shareholders it did not consider the European commission’s decision to collect $14.5bn in back taxes final on Tuesday and was “confident that it will be overturned”, but analysts warned the picture was more complex. But Apple has avoided the billions of dollars of taxes it owes the US by transferring its intellectual property to itself in Ireland. The US treasury warned last week that it would “consider potential responses” if the EU pushed ahead with its plans to claw back tax from Apple. “While we desire a resolution as soon as possible, the process is likely to take several years,” the company said. Shame on Apple for dodging US taxes. | APPL | {"Sam Thielman"} | 1000 |
| Mushy Apple and other earnings could steer stocks Wednesday | -8 | 2016-10-25 00:00:00 | Sales of the company's iPhone were 45.5 million, more than the 44.8 million expected but shipments of Mac computers were below consensus. "Apple net income slid nearly 20 percent to $9 billion, but earnings per share beat forecasts by a penny at $1.67. "Apple earnings are almost more important for the overall market than they are for Apple. Before an election, I don't think they want to see anything crazy going on, before the election. Besides Boeing and P&G, earnings expected Wednesday morning include CNBC parent Comcast, Norfolk Southern, Northrop Grumman, GlaxoSmithKline, Ingersoll-Rand, Nasdaq, State Street, Southwest Air, Nintendo, WR Grace, Bayer and Boston Scientific. | APPL | {"Patti Domm"} | 1001 |
| How to set up parental controls on a smartphone | -7 | 2016-11-10 00:00:00 | Samoilov")Android Parental ControlsGoogle's OS only has parental controls built in for tablets, but it does have decent controls for all devices in the Google Play Store. (Photo: Apple)iOS Parental ControlsWhile Android probably takes the crown when it comes to managing storage space, Apple's iOS has far better parental controls. Just make sure that you've also set up Play Store parental controls, as well as put a password on your personal user profile. As for tablet parental controls, these center around an Android feature called "restricted profiles. The answer: parental controls. | APPL | {"Daniel Wroclawski","Est November","P M"} | 1002 |
| EU hits Apple with $14.5 billion Irish tax demand | -18 | 2016-08-31 00:43:38+00 | REUTERS/StringerAn Apple logo is seen in the window of an authorised apple reseller store in Galway, Ireland August 30, 2016. The Treasury has said the Commission’s approach was at odds with EU tax law and international treaties. However, the Irish tax authority agreed only 50 million euros of this was taxable in Ireland, the European Commission said. Apple Operations International, a subsidiary of Apple Inc, is seen in Hollyhill, Cork, in the south of Ireland August 30, 2016. "Tax rulings granted by Ireland have artificially reduced Apple's tax burden for over two decades, in breach of the EU state aid rules. | APPL | {"Foo Yun Chee Padraic Halpin"} | 1130 |
| Hacking, Facebook, Hyperloop One, Apple & Twitter | -26 | 2017-01-15 00:00:00 | While Facebook entered the live world in 2016, it’s live, streaming video content – not Facebook – that’s changing digital media. Digital hacking will become the greatest social, financial, political and military threat of the 21st century. While it’s fine that Facebook finally joined the streaming party in 2016, the company now must accept all of the responsibilities that comes with live, streaming events. When combined with Fake News, hacking will become a lethal weapon in many situations. Apple refused to help the country in which it’s based, so the country asked some others for help – and got it. | APPL | {"Steve Andriole"} | 1199 |
| Tech leaders condemn Trump's immigrant ban | -7 | 2017-01-28 00:00:00 | The ink was barely dry on President Trump's sweeping immigration order Friday when the backlash from the tech industry began. Trump's order is simple bigotry. Amazon (AMZN, Tech30) also sent an email to employees about the potential implications of Trump's order and offered legal assistance to employees who might be impacted. Box CEO Aaron Levie also promised to donate, and in an email sent to CNNMoney Saturday, Levie also called the executive order "immoral. "There are employees at Apple who are directly affected by yesterday's immigration order. | APPL | {"Jackie Wattles","Laurie Segall"} | 1212 |
| China waves trigger soul-searching on Apple | -17 | 2015-08-24 00:00:00 | At what price are China concerns fully reflected in Apple stock? Even before the bell sounded, Apple shares dropped 5% in pre-market trading. USA TODAYDay of volatility for U.S. stock markets follows trouble in China, fueling questions about international growth for Apple. "At the end of the day, China is so much a big piece of global demand now that the whole market is affected. China is a key growth market for Apple. | APPL | {"Nathan Bomey","Published P M Et Aug"} | 1270 |
| Apple Ordered to Pay Up to $14.5 Billion in EU Tax Clampdown | -18 | 2016-08-30 00:00:00 | As of last month, Apple had $232 billion in cash, with about $214 billion of that being held overseas. Apple Inc. was ordered to pay as much as 13 billion euros ($14.5 billion) plus interest after the European Commission said Ireland illegally slashed the iPhone maker’s tax bill, in a record crackdown on fiscal loopholes that also risks inflaming tensions with the U.S. #Apple has to repay up to €13 billion unpaid tax. Apple and Ireland both vowed to fight the decision in the EU courts. Apple generated about $4.45 billion a month last year, meaning the decision would eat up about 3 months of profit. | APPL | {"More Stories Dara Doyle","Dara Doyle","Stephanie Bodoni","More Stories Stephanie Bodoni"} | 1272 |
| Apple Is Taking Its Fight Against Qualcomm To China | -26 | 2017-01-25 00:00:00 | Nearly every modern phone in the world has to pay Qualcomm licensing fees. The FTC alleged Qualcomm forced Apple to use its modem chips by lowering licensing fees and pushing competition out. Apple is seeking $1 billion in damages from Qualcomm and claimed Qualcomm "has unfairly insisted on charging royalties for technologies they have nothing to do with. The second requests a license agreement between Qualcomm and Apple for cellular "standard essential patents. Apple was behind the original regulatory actions against Qualcomm in China, but didn’t get what it wanted, according to sources close to the matter. | APPL | {"Aaron Tilley"} | 1273 |
| Apple's $1 Billion Lawsuit Against Qualcomm Is 'Direct Assault' On Chipmaker's Business Model | -17 | 2017-01-24 00:00:00 | Qualcomm charges phone makers for the entire device, regardless of how much Qualcomm technology is actually in the device. Rather, what Apple is really trying to accomplish is "a direct assault on Qualcomm's basic licensing business model," the report said. The Bernstein report also reads that Qualcomm's business of providing the actual modem chips to Apple is likely at stake now. Apple said that Qualcomm had worked out an exclusivity arrangement between 2011 and 2016 where Apple would only use modem chips from Qualcomm in exchange for billions in rebates. Apple's $1 billion demand is only a sideshow to the real issue at hand, analysts Stacy Rasgon and Tony Sacconaghi wrote. | APPL | {"Aaron Tilley"} | 1274 |
| Apple sues Qualcomm for $1 billion | -18 | 2017-01-20 00:00:00 | Apple is suing Qualcomm for roughly $1 billion, saying Qualcomm has been "charging royalties for technologies they have nothing to do with," an action the chip maker sharply dismissed as groundless. Apple says that Qualcomm has taken "radical steps," including "withholding nearly $1 billion in payments from Apple as retaliation for responding truthfully to law enforcement agencies investigating them. Here's the full Apple statement:"For many years Qualcomm has unfairly insisted on charging royalties for technologies they have nothing to do with. "Apple also alleges that once it began cooperating with Korean authorities' antitrust investigation of Qualcomm, the company withheld $1 billion in retaliation. "Apple added, "Despite being just one of over a dozen companies who contributed to basic cellular standards, Qualcomm insists on charging Apple at least five times more in payments than all the other cellular patent licensors we have agreements with combined. | APPL | {"Getty Images","Ethan Miller","Anita Balakrishnan"} | 1275 |
| Apple files $1 billion lawsuit against chip supplier Qualcomm | -25 | 2017-01-21 03:57:43+00 | In its lawsuit, Apple accused Qualcomm of refusing to license the technology to other manufacturers to prevent them from making the chips. In the lawsuit filed in U.S. District Court for the Southern District of California, Apple accused Qualcomm of overcharging for chips and refusing to pay some $1 billion in promised rebates. Qualcomm is a major supplier to both Apple and Samsung Electronics Co Ltd for "modem" chips that connect phones to wireless networks. It also accused Qualcomm of selling chips while requiring Apple to pay a separate licensing fee for the same chips, in a "no license, no chip" policy. REUTERS/Thomas PeterApple Inc filed a $1 billion lawsuit against supplier Qualcomm Inc on Friday, days after the U.S. government accused the chip maker of resorting to anticompetitive tactics to maintain a monopoly over key semiconductors in mobile phones. | APPL | {"Stephen Nellis","Diane Bartz"} | 1276 |
| Apple Adds to Qualcomm’s Troubles, Filing Lawsuit Over Rebates | -15 | 2017-01-20 00:00:00 | Advertisement Continue reading the main storyWhen Apple provided information to South Korean regulators in that case, and sought competing chips from Intel, Qualcomm refused to pay Apple its promised money, Apple said. Apple’s Taiwanese manufacturers, which pay Qualcomm royalties for iPhones, are another big profit center. “Apple has intentionally mischaracterized our agreements and negotiations,” Qualcomm said in a statement, adding that it would fight that lawsuit, too. Companies like Samsung and Apple need Qualcomm for the technology that enables things like high-speed wireless video for millions of people at once. Instead, Qualcomm innovated in 4G wireless for the new smartphones from Samsung and Apple that toppled Nokia and Motorola. | APPL | {"Quentin Hardy"} | 1277 |
| Apple ordered to pay up to €13bn after EU rules Ireland broke state aid laws | -32 | 2016-08-30 00:00:00 | The taxable profits of Apple Sales International and Apple Operations Europe did not correspond to economic reality, the commission said. Apple has warned that future investment by multinationals in Europe could be hit after it was ordered to pay a record-breaking €13bn (£11bn) in back taxes to Ireland. The commission said the deal allowed Apple to pay a maximum tax rate of just 1%. Vestager’s ruling prompted an angry response from Apple and from Ireland and is likely to spark a political row between the US and the EU. The world’s largest company was presented with the huge bill after the European commission ruled that a sweetheart tax deal between Apple and the Irish tax authorities amounted to illegal state aid. | APPL | {"Sean Farrell","Henry Mcdonald","Nils Pratley"} | 1279 |
| EU orders Apple to pay up to €13 billion in taxes to Ireland | -17 | 2016-08-30 00:00:00 | The European Commission has ordered Ireland to claw back up to €13 billion (£11.1 billion; $14.5 billion) in back taxes from Apple. "The basic controversy at the root of this is, people really aren't arguing that Apple should pay more taxes. Margrethe Vestager, the EU's competition commissioner, announced the figure at a European Commission press conference. "The commission's investigation concluded that Ireland granted illegal tax benefits to Apple, which enabled it to pay substantially less tax than other businesses over many years. The commission's case is not about how much Apple pays in taxes — it's about which government collects the money. | APPL | {"Rob Price","Kif Leswing","Sam Shead"} | 1280 |
| Qualcomm Strong-Armed Apple Into Buying Its Chips, US Gov Says | -23 | 2017-01-17 00:00:00 | But if Apple bought modem chips from another chip supplier during that time, the FTC said Apple would face large penalties by losing out on Qualcomm's rebate payments. The FTC said Qualcomm established an exclusivity agreement with Apple from 2011 until 2016. Another tactic Qualcomm used, the FTC said, is that it would threaten to limit phone manufactures' access to its cellular chips and then hike up royalty payments. Qualcomm is the dominant supplier of modem chips that enable phones to hook up to cellular networks, but the company also extracts licensing fees for nearly every modern phone in the world. "Qualcomm recognized that any competitor that won Apple’s business would become stronger, and used exclusivity to prevent Apple from working with and improving the effectiveness of Qualcomm’s competitors," the FTC said. | APPL | {"Aaron Tilley"} | 1281 |
| Amid iPhone 8 Rumors, Smartphone Vendors Are Aggressively Competing For OLED Components | -7 | 2017-01-17 00:00:00 | Essentially the shortage in OLED components is due to the increase in demand from smartphone vendors in China that are growing at a rapid pace. What are your thoughts about the "iPhone 8" potentially having a 5.8-inch option with an edge-to-edge OLED display? And unfortunately, the alternative OLED suppliers have been dealing with some major hiccups along the way. Apple Considers Google-Style Augmented Reality GlassesSmartphone vendors will have to aggressively compete for OLED components from suppliers this year due to shortages, according to sources with Digitimes. Apple is also reportedly trying to find a solution for relying too much on Samsung for its iPhone components. | APPL | {"Amit Chowdhry"} | 1282 |
| Why Ireland Doesn’t Want Apple’s $14.5 Billion in Back Taxes | -17 | 2016-08-30 00:00:00 | While the Apple ruling doesn’t directly threaten the 12.5 percent rate, the government has promised to stand by executives it says are helping the economy. As of last month, Apple had $232 billion, with about $214 billion of that held overseas. Even when Ireland was forced to seek an international bailout six years ago, it resisted pressure to change how it taxes companies. “It’s all about our reputation,” said Peter Vale, tax partner at Grant Thornton Ireland in Dublin. Apple’s billions in back taxes could cover the entire annual Irish health budget, build about 100,000 homes for the poor or pay off a chunk of the nation’s debt. | APPL | {"More Stories Dara Doyle","Dara Doyle","Peter Flanagan","More Stories Peter Flanagan"} | 1283 |
| Apple sues chip-maker Qualcomm in China | -27 | None | Apple has also filed a second case alleging Qualcomm had broken the terms of a deal covering how Apple could use technologies it had licensed. Legal battlesLast week, the US Federal Trade Commission sued Qualcomm claiming it had abused its dominance in modem chips for mobile phones. The lawsuits come soon after US regulators sued Qualcomm, alleging that the firm was guilty of market abuse. Image copyright Getty Images Image caption Qualcomm supplies modem chips for the most widely-used smartphonesApple has filed a lawsuit against Qualcomm in China seeking 1bn yuan (£115m) in damages, claiming the chip maker has abused its market position. Soon after the FTC filed its complaint, Apple followed up with its own legal action seeking $1bn (£793m) in rebates and accusing Qualcomm of overcharging it for chips. | APPL | {} | 1284 |
| Apple sues Qualcomm for nearly $1 billion | -25 | 2017-01-20 00:00:00 | The previously agreed upon rebates were conditional on Apple putting Qualcomm chips in its products and not pushing litigation that accused the chip maker of unfair licensing practices. Apple is also seeking nearly $1 billion in rebate payments, which it claims have been wrongfully withheld. Apple (AAPL, Tech30) filed a lawsuit Friday against Qualcomm (QCOM, Tech30), accusing it of charging "excessive royalties" and withholding payments in retaliation for Apple cooperating with South Korean regulators that are investigating the chip supplier. Qualcomm, which provides crucial chips used in the iPhone, allegedly charges Apple an unfair amount to to license its cellular patents, according to the lawsuit. "To protect this business scheme, Qualcomm has taken increasingly radical steps, most recently withholding nearly $1B in payments from Apple as retaliation for responding truthfully to law enforcement agencies investigating them," Apple said in a statement about the lawsuit provided to CNNTech. | APPL | {"Seth Fiegerman"} | 1285 |
| Apple sues Qualcomm over royalty rebates, other patent issues | -31 | 2017-01-20 00:00:00 | Under an agreement with Qualcomm, Apple said it was forced to refrain from taking any steps to challenge Qualcomm’s business model. In retaliation, Qualcomm withheld money that it was to pay Apple in royalty rebates, the iPhone maker said. Apple is asking the court to rule that, if the patents are upheld, the royalty amount is significantly lower than what Qualcomm charges now. When Apple complied with demands from Korean regulators, Qualcomm said that was a violation of the agreement. Qualcomm has been under fire from regulators around the world for its patent licensing practices. | APPL | {"Robert Barnes"} | 1286 |
| The Week in TV: Apple Tree Yard; Fortitude; Case; Homeland; Call the Midwife | -7 | 2017-01-29 00:00:00 | Apple Tree Yard (BBC1) | iPlayerFortitude | Sky AtlanticCase | All 4Homeland (Channel 4) | All 4Call the Midwife (BBC1) | iPlayerI wonder when, or whether, Britain will ever grow up about sex. Photograph: Steffan Hill/© Sky Atlantic 2016I’d forgotten just how I’d missed Fortitude, back for an utterly welcome second series. Tabloids behaved as if consumed by some tremulous leprosy – and with Apple Tree Yard, the bombshell was the revelation that women in their 50s might still like to have sex. But this is not about sex, not really: it will surely be about the consequences, particularly for a 52-year-old woman. Facebook Twitter Pinterest ‘All the best plotlines’: Linda Bassett as Nurse Phyllis Crane in Call the Midwife. | APPL | {"Euan Ferguson"} | 1287 |
| Qualcomm Fights Back Against Apple In Earnings Call, Accuses iPhone Maker Of Deceiving Regulators | -21 | 2017-01-25 00:00:00 | "We simply objected to Apple making false and misleading statements, and withholding information, to motivate attacks against Qualcomm," Aberle said. "Apple’s attack on Qualcomm’s business model is not only an attack on Qualcomm," Aberle said, "but also an attack on the smartphone competition that Qualcomm’s business model enables. "As far as the actual earnings report goes, Qualcomm made out alright: first quarter revenue of $5.99 billion and earnings of $1.19 per share. "On the earnings call, Qualcomm accused Apple as instigating government investigations from the United States Federal Trade Commission (filed last week) and the Korea Fair Trade Commission. Nearly every modern phone in the world has to pay Qualcomm's licensing fees. | APPL | {"Aaron Tilley"} | 1288 |
| Apple sues Qualcomm in Beijing, seeking 1 billion yuan | -17 | 2017-01-25 00:00:00 | It asked a federal court in California for $1 billion in promised rebates and accused Qualcomm of overcharging for chips. In an emailed statement, Qualcomm said it had not yet seen the full complaints against it filed in the Chinese court. "Apple was offered terms consistent with terms accepted by more than one hundred other Chinese companies and refused to even consider them. In February 2015, Qualcomm paid a $975 million fine in China following a 14-month probe, while the European Union in December 2015 accused it of abusing its market power to thwart rivals. The company said previously that it would contest both the FTC and the Apple lawsuit filed in the United States. | APPL | {"Getty Images","George Rose","Albert Gea"} | 1289 |
| Apple Sues Qualcomm Over Patent Royalties in Antitrust Case | -40 | 2017-01-20 00:00:00 | Antitrust InvestigationsUnder the agreement with Qualcomm, Apple said it was forced to refrain from taking any steps to challenge Qualcomm’s business model. Much of the money Qualcomm collects on the iPhone or iPad is paid by third-party manufacturers who pass along the cost, according to the complaint. Since Qualcomm won’t give Apple a direct license, it instead agreed to give Apple a rebate -- money that it’s now withholding. Qualcomm, the largest maker of mobile phone chips, has been under fire by regulators around the world for its patent licensing practices. At the heart of the dispute between Apple and Qualcomm is a push by phone makers with the support of regulators to reduce the patent royalties Qualcomm charges. | APPL | {"Susan Decker","More Stories Susan Decker","More Stories Ian King","Alex Webb","Ian King","More Stories Alex Webb"} | 1290 |
| Qualcomm Accused of Forcing Deal on Apple to Thwart Rivals | -33 | 2017-01-17 00:00:00 | The chipmaker has argued that the beneficiaries of regulatory action -- phone-makers -- have struck new deals that acknowledge the validity of Qualcomm’s patents. The lawsuit presents yet another regulatory challenge to Qualcomm’s most lucrative business, technology licensing. The case is Federal Trade Commission v. Qualcomm Inc., 17-cv-00220, U.S. District Court, Northern District of California (San Jose). Qualcomm has argued that its licensing follows industry standards that have been in place for more than 20 years and are used by other companies. The crux of the FTC’s case against Qualcomm is the claim that it offered Apple rebates on licensing fees in return for it exclusively using Qualcomm modem chips in the iPhone from 2011 to 2016. | APPL | {"Joel Rosenblatt","More Stories Ian King","Ian King","More Stories David Mclaughlin","More Stories Joel Rosenblatt","David Mclaughlin"} | 1291 |
| FTC says Qualcomm entered into anticompetitive deal with Apple | -26 | 2017-01-17 00:00:00 | One possible reason that Qualcomm allegedly struck the deal with Apple is that if Apple were to use a different supplier, that supplier might become more competitive with Qualcomm. "Under these agreements, Qualcomm provided Apple large lump sum payments that constituted partial relief from Qualcomm royalties. Qualcomm conditioned this relief on Apple’s exclusive use of Qualcomm baseband processors in new iPhone and iPad models," according to the suit. The FTC did not charge Apple, and in its complaint, suggests that Apple may have chafed under Qualcomm's licensing deals. "In all, Qualcomm’s 2011 and 2013 agreements with Apple provided for billions of dollars in conditional rebates from Qualcomm to Apple," according to a complaint filed by the FTC. | APPL | {"Kif Leswing"} | 1292 |
| Apple CEO Tim Cook declines to attend Ireland tax committee, called 'disrespectful to the Irish people' | -23 | 2017-01-06 00:00:00 | Apple CEO Tim Cook has declined an invitation to attend a tax committee in Ireland looking into the company's affairs — a decision that has seen him branded as "disrespectful to the Irish people. In a letter, Apple senior director of government affairs Claire Thwaites declined the invitation to the company's CEO, describing the matter as "complex and challenging" and citing ongoing legal counsel. We are engaging with the Department of Finance and The Revenue Commissions, as well as the European Commission. While the tax ruling would be a short-term windfall for the country, its fear is that long-term, it would scare away other multinational that would otherwise be attracted by its appealing tax structure. For him to refuse to attend the Committee now is disrespectful to the Irish people. | APPL | {"Rob Price"} | 1293 |