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Tim Cook defends Apple's overseas cash: 'I'm not an unfair person, that's not who we are as a company'

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Apple CEO Tim Cook and several other executives were not shaken by inquiries from the US Senate over their company's $100 billion in overseas profits that aren't taxed in the US, defending the strategy in a high-profile hearing in Washington, DC, today. "I'm not an unfair person, that's not who we are as a company or who I am as an individual," Cook said after questioning from Senator John...

Senators blast Apple in hearing for keeping most profits overseas

US Capitol 8 (Verge Stock)

Leaders of a US Senate subcommittee looking into Apple's offshore cash holdings of over $100 billion began a hearing today featuring Apple CEO Tim Cook by blasting his company's strategy, which they likened to tax avoidance. "By engaging in these elusive corporate strategies aimed at deferring and reducing tax payments, Apple’s tax department has given new meaning to the company’s old slogan: ‘think different,'" said Senator John McCain (R-AZ.), reading from his prepared testimony this morning. Cook and Oppenheimer are testifying now, watch a live stream here.

'Think different' on paying taxes

iTunes security hole lets users download any pre-release album stream for free

daft punk

iTunes started streaming the highly-anticipated new Daft Punk album Random Access Memories earlier this week. However, it looks like a security flaw in iTunes is letting users download the full album in a high-quality 256kbps MP4 file with no DRM protection — with the right tool, you can grab this pre-release for free right from the world's biggest music retailer. We've tested ourselves and confirmed this leak to be real — and it works for any streaming album preview on the site. Aside...


Apple TV to get first network television app with addition of CW

cw network xbox app

The CW Network is bringing its shows to the Apple TV with a new app, reports Deadline. That makes it the first TV network to make its content directly available to viewers on the set-top box rather than through an intermediary like Netflix or Hulu. The network behind shows like 90210, Gossip Girl, and the Vampire Diaries will be launching the app sometime in the coming weeks, but no exact release date has been given.

The network announced its...

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