The 500 largest American companies hold more than $2.1 trillion in accumulated profits offshore to avoid U.S. taxes and would collectively owe an estimated $620 billion in U.S. taxes if they repatriated the funds, according to a study released on Tuesday.
A deal that allows thousands of companies to transfer data from Europe to the United States is invalid, the highest EU court said on Tuesday in a landmark ruling that follows revelations of mass U.S. government snooping.
Apple Inc said the WeChat messaging app and car-hailing app DiDi Taxi were among the 25 most popular apps that were found to be infected with malicious software, the first-ever large-scale attack on its App Store.
Chinese President Xi Jinping will meet U.S. tech titans and tour Boeing Co's biggest factory and Microsoft Corp's sprawling campus near Seattle this week as he kicks off a U.S. visit that also includes a black-tie state dinner at the White House hosted by President Barack Obama.
With its highly profitable iPhone due for an upgrade, Apple is expected to unveil a pair of new handsets at an event in San Francisco on Wednesday, analysts say, in addition to showing off a larger iPad and an updated Apple TV.