On Monday, Bloomberg’s Jesse Drucker reported that the tech giant avoided paying $2 billion in global income taxes by moving $10 billion in revenue, or 80 percent of its pretax profit, to Bermuda, which does not have a corporate income tax. Google has nearly doubled the amount of money that it is sheltering in Bermuda since 2008.
Company veteran Julie Larson-Green has been promoted to lead all Windows software and hardware engineering, Microsoft said. Tami Reller will take over responsibility for the Windows business while retaining her posts as chief financial officer and chief marketing officer.
In a lower Manhattan building evacuated during Hurricane Sandy, more than a dozen people on Wednesday carried 5-gallon buckets filled with diesel fuel up 17 flights of stairs. Each of them carried two buckets — one in each arm — up two flights of stairs, then handed them off to the next person. The stairwell was pitch dark, slippery and reeked of diesel.
The diesel was powering a backup generator on the roof that fueled a data center run by Peer 1 Hosting. Inside, rows and rows of Peer 1’s servers provide the computing power for about 100 companies like Squarespace, a Web publishing software business, and Fog Creek Software, a company that develops tools for the software industry. Those companies rely on Peer 1’s data center to enable thousands of customers around the world to run their websites.
An unnamed person who spoke withThe Wall Street Journal said the iPhone 5 is “the most difficult device that Foxconn has ever assembled.” They said that improvements would come over time, and that productivity at Foxconn’s plants in assembling the iPhone 5 has already increased on a daily basis.
Samsung Electronics Co said on Monday it would inspect 250 Chinese companies which make products for the South Korean firm to ensure no labor laws are broken after a U.S.-based group accused one of its suppliers of using child labor.