Apple Corporate

Just how much is Apple's new, six-part, $17 billion bond plan going to end up saving the company in taxes it would have needed to pay if it used its overseas cash pile?

Try $9.2 billion, says a senior vice president at Moody's Investors Service.

Speaking to Bloomberg, Moody's Gerald Granovsky said that's how much Apple's not going to pay in U.S. taxes as it pays out $55 billion of its $100 billion capital returns program.

To put the figure, which was first reported by the Financial Times (subscription required) late Wednesday, in … Read more

J.C. Penney has launched a new ad campaign apologizing for the decisions made under Ron Johnson, its former chief executive and Apple's one-time retail chief.

The new ad, posted to YouTube, focuses people in different locations as a narrator acknowledges the company's recent mistakes that left customers unhappy and pushed revenue down billions of dollars.

"It's no secret, recently J.C. Penney changed," the narrator says over the ad. "Some changes you liked and some you didn't, but what matters from mistakes is what we learn. We learned a very simple thing: … Read more

Apple had a field day with its first debt offering since 1996.

Investors hungrily gobbled up $17 billion in Apple bonds, the largest offering in corporate history. The proceeds will be used to help fund the company's ambitious plan to return value to shareholders through share repurchases and dividend payouts.

The bond sale comes on the heels of Apple's plans to double its capital return program, which involves spending an additional $55 billion in dividend payments to investors. Apple also said it would be spending an extra $50 billion in repurchasing company stock along with increasing its quarterly … Read more

Apple's top executive plans to make another rare public speaking appearance at a technology conference next month.

All Things Digital today said that Tim Cook will be a speaker at the outlet's D11 conference taking place at the end of May. Cook's predecessor, late Apple co-founder Steve Jobs, attended the conference in several previous years, and Cook headlined last year's show as well.

During last year's appearance, Cook noted that the company was "doubling down" on secrecy. He hinted at additional Siri features that would be unveiled a few weeks later. He also … Read more

Apple is readying a bond offering, its first since 1996.

The program, which The Wall Street Journal says could be finalized later today, is designed to help Apple pay for the more than $100 billion it plans to pay shareholders over the next few years.

Apple detailed initial plans for the program in a regulatory filing on Monday, and once again on Tuesday. It's a mix of notes and securities that mature beginning in 2016, and go through 2043, though Apple did not provide prices. Bloomberg suggests the total could go as high as $17 billion.

The bond sale … Read more

Judge Lucy Koh, who has presided over the Apple v. Samsung patent spat, has given a management order that a new trial will focus on recalculation of the $450.5 million award given to Apple in August.

Due to begin November 12, the new trial will decide whether the damage award was incorrectly given by the jury in the original patent dispute, according to a court filing. Koh has previously stated that the jury's damage award was incorrectly calculated in part, and only a new trial will determine the final amount to be awarded to the iPad and iPhone … Read more

Programmers who waited more than two minutes to try to get tickets for Apple's 2013 Worldwide Developers Conference -- and thus missed the boat -- will be happy to know they now have some other options.

In the briefest of announcements, Apple said Friday that it will be "posting videos of all our sessions during the conference" and also "hitting the road this fall with Tech Talks in a city near you."

The Next Web addresses the "city near you" vagueness by pointing to towns where Tech Talks involving iOS 5 were held … Read more

Entrepreneur Rakesh Kumar says he's "blown away" by the deluge of phone calls and traffic his site's getting after he pledged to plunk down more than half a million dollars for a half-hour coffee meeting with Apple CEO Tim Cook.

"The Web site's gotten an incredible spike," Kumar told CNET in a phone interview on Friday.

Kumar, whose company DrBluetooth is working on a Bluetooth headset that encrypts voice and can be controlled through gestures, is the latest in a string of more than 80 people who have bid on a chance to … Read more

Apple is challenging a verdict from a Texas court last November that left it on the hook to pay security software company VirnetX $368.2 million in damages.

The news came tucked inside Apple's quarterly report, which was filed earlier this week, Computerworld notes.

"The Company is challenging the verdict, believes it has valid defenses and has not recorded a loss accrual at this time," Apple said in its filing with the U.S. Securities and Exchange Commission.

The original complaint, which was filed in August 2010, accused Apple of infringing on four of VirnetX's patents … Read more