In today's FT: Apple chief defends tax practices, Dimon victory des...


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Financial Times
In today's FT
Wednesday May 22 2013


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Financial Times - UK Homepage
 
Apple chief defends tax practices
Tim Cook, Apple chief executive, defended the technology group's tax practices and denied it was engaged in massive tax avoidance schemes
http://link.ft.com/r/J0VG55/RPV20P/YHDR05/R3JUHD/NRAW8J/E4/h?a1=2013&a2=5&a3=21
 
Dimon victory despite investor backlash
Investors targeted their disapproval at the bank's independent directors in an unusually large vote against the re-election of Ellen Futter, David Cote and James Crown
http://link.ft.com/r/J0VG55/RPV20P/YHDR05/R3JUHD/4VR1D9/E4/h?a1=2013&a2=5&a3=21
 
Shares advance ahead of Bernanke speech
US stocks reach fresh record highs as investors await further clues on the outlook for monetary policy from the Federal Reserve chairman
http://link.ft.com/r/J0VG55/RPV20P/YHDR05/R3JUHD/LSV5H0/E4/h?a1=2013&a2=5&a3=21
 

Financial Times - US homepage
 
Dimon performance well choreographed
Given a choice between sending a message to the board and rebuking their still-popular chief executive, JPMorgan investors chose to slap the directors
http://link.ft.com/r/J0VG55/RPV20P/YHDR05/R3JUHD/DXH0FR/E4/h?a1=2013&a2=5&a3=21
 
Silicon Valley set for immigration win
As senators continue to haggle over a bill that would overhaul the US's immigration system, a new deal removes one of the last remaining stumbling blocks
http://link.ft.com/r/J0VG55/RPV20P/YHDR05/R3JUHD/Q3MD0T/E4/h?a1=2013&a2=5&a3=21
 
Oklahoma rallies after tornado
The devastation in Moore is extensive, with entire neighbourhoods reduced to debris, leaving residents to pick through the rubble
http://link.ft.com/r/J0VG55/RPV20P/YHDR05/R3JUHD/Z8EF5W/E4/h?a1=2013&a2=5&a3=21
 

Financial Times - Europe homepage
 
Fiat Industrial to move tax home to UK
Blow to Italy underlines the attractiveness of the UK's increasingly light corporate tax regime
http://link.ft.com/r/J0VG55/RPV20P/YHDR05/R3JUHD/Q3MDOB/E4/h?a1=2013&a2=5&a3=21
 
SAP seeks programmers with autism
German software group wants to tap into a new talent pool by hiring hundreds of people with the condition to programme and test its ­products
http://link.ft.com/r/J0VG55/RPV20P/YHDR05/R3JUHD/FDGV33/E4/h?a1=2013&a2=5&a3=21
 
Rafsanjani banned from presidential poll
Guardian Council bans Esfandiar Rahim-Mashaei, an ally of outgoing President Mahmoud Ahmadi-Nejad, from participating
http://link.ft.com/r/J0VG55/RPV20P/YHDR05/R3JUHD/B4L6JN/E4/h?a1=2013&a2=5&a3=21
 

Financial Times - Asia homepage
 
Japanese trade deficit widens
The total value of exports in April rose 3.8 per cent from a year earlier to Y5.78tn, while imports were up by 9.4 per cent to Y6.66tn
http://link.ft.com/r/J0VG55/RPV20P/YHDR05/R3JUHD/ULXQAU/E4/h?a1=2013&a2=5&a3=21
 
China property boom not abating
Restrictions and a property tax announced by the central government in February have not been fully implemented in any city apart from Beijing
http://link.ft.com/r/J0VG55/RPV20P/YHDR05/R3JUHD/DXH0FS/E4/h?a1=2013&a2=5&a3=21
 
Twitter wins over teens in race for users
Facebook fatigue manifesting as move by teenagers to set up extra accounts on rival sites to avoid parents' scrutiny, according to Pew Research Centre
http://link.ft.com/r/J0VG55/RPV20P/YHDR05/R3JUHD/NRAWGW/E4/h?a1=2013&a2=5&a3=21
 

World News - latest world news headlines - FT.com
 
Shane Todd's family walk out of inquest
An inquiry into the death of an American engineer in Singapore took an unexpected turn after his family walked out of a coroner's inquest
http://link.ft.com/r/J0VG55/RPV20P/YHDR05/R3JUHD/YGIRMI/E4/h?a1=2013&a2=5&a3=21
 
Rescuers search for Oklahoma survivors
Forecasters warn that another tornado could be coming as rescue teams continue the search for missing people in Moore, Oklahoma
http://link.ft.com/r/J0VG55/RPV20P/YHDR05/R3JUHD/B4L6J9/E4/h?a1=2013&a2=5&a3=21
 
China reveals first carbon trading scheme
China's first pilot carbon trading scheme will be launched on June 18 in the southern city of Shenzhen, the first of seven pilot schemes this year
http://link.ft.com/r/J0VG55/RPV20P/YHDR05/R3JUHD/LSV5HW/E4/h?a1=2013&a2=5&a3=21
 
Israel warns Assad over action in Golan
IDF chief of staff makes one of the most explicit warnings yet to the Syrian leader by an Israeli public official after a chain of incidents
http://link.ft.com/r/J0VG55/RPV20P/YHDR05/R3JUHD/JQ07L4/E4/h?a1=2013&a2=5&a3=21
 
Former Georgia PM charged with corruption
Move may rekindle international concerns over alleged selective prosecutions under the country's billionaire premier Bidzina Ivanishvili
http://link.ft.com/r/J0VG55/RPV20P/YHDR05/R3JUHD/NRAWG2/E4/h?a1=2013&a2=5&a3=21
 

Companies news and analysis - FT.com
 
BP increases challenges to oil spill payouts
Oil group aims to stop what it believes are unjustified compensation payments under the settlement it agreed with victims of the 2010 Gulf of Mexico oil spill
http://link.ft.com/r/J0VG55/RPV20P/YHDR05/R3JUHD/3CJUKP/E4/h?a1=2013&a2=5&a3=21
 
Cheap debt fuels executive share buybacks
More than half of all buybacks by US non-financial companies in the first quarter were used to repurchase stock options, according to Société Générale
http://link.ft.com/r/J0VG55/RPV20P/YHDR05/R3JUHD/Q3MD01/E4/h?a1=2013&a2=5&a3=21
 
Europe plans to widen bonus cap
The European banking regulator said it had broadened the definition of staff affected by the incoming cap, which comes into effect next year
http://link.ft.com/r/J0VG55/RPV20P/YHDR05/R3JUHD/A518JZ/E4/h?a1=2013&a2=5&a3=21
 
Lawyers for Rajat Gupta argue for new trial
'Key dispute' centers on daughter's testimony
http://link.ft.com/r/J0VG55/RPV20P/YHDR05/R3JUHD/4VR1DP/E4/h?a1=2013&a2=5&a3=21
 
Nick Buckles bows out as G4S chief
The chief of one of the world's biggest security companies is to retire after 28 years in the industry following a profits warning
http://link.ft.com/r/J0VG55/RPV20P/YHDR05/R3JUHD/PN7K6D/E4/h?a1=2013&a2=5&a3=21
 

Markets
 
Asian shares rally ahead of Bernanke testimony
Japan stocks lead rally, with investors waiting for Federal Reserve chairman Ben Bernanke's testimony before Congress later in the day
http://link.ft.com/r/J0VG55/RPV20P/YHDR05/R3JUHD/A518J5/E4/h?a1=2013&a2=5&a3=21
 
US farmland faces asset bubble test
Prices have doubled as the Fed has held interest rates at lows and amid strong demand. What will happen when monetary policy tightens and grain supply grows
http://link.ft.com/r/J0VG55/RPV20P/YHDR05/R3JUHD/HI6AU1/E4/h?a1=2013&a2=5&a3=21
 
Central bankers turn deaf ear to warnings
Despite poor progress on reducing big deficits and debt, the yields on US and UK government bonds fell and their currencies appreciated. But price moves in markets now show a different story
http://link.ft.com/r/J0VG55/RPV20P/YHDR05/R3JUHD/T1WE2L/E4/h?a1=2013&a2=5&a3=21
 
Move into 'junk' stocks powers bull run
The best performers in the current quarter are those that lagged behind from January to March, according to Bespoke Investment Group analysis
http://link.ft.com/r/J0VG55/RPV20P/YHDR05/R3JUHD/SU4ICK/E4/h?a1=2013&a2=5&a3=21
 
Kyle Bass bets on full-blown Japan crisis
While hedge-fund trade of the year has been to short the yen and buy Japanese stocks, he sees signs of stress he has been predicting for three years
http://link.ft.com/r/J0VG55/RPV20P/YHDR05/R3JUHD/NRAW8N/E4/h?a1=2013&a2=5&a3=21
 

Financial Times - Comment
 
The climate sceptics have already won
The real and present dangers are shoved to one side because they are simply too uncomfortable to confront
http://link.ft.com/r/J0VG55/RPV20P/YHDR05/R3JUHD/DXH0FA/E4/h?a1=2013&a2=5&a3=21
 
Prosecutors should not cut deals
A practice that amounts to little more than a convenience for the legal establishment does society a grave injustice
http://link.ft.com/r/J0VG55/RPV20P/YHDR05/R3JUHD/PN7K69/E4/h?a1=2013&a2=5&a3=21
 
Cameron is no longer a winner
Activists selected him in 2005 over a rival because they thought he would end their electoral losing streak. But they are regretting their choice
http://link.ft.com/r/J0VG55/RPV20P/YHDR05/R3JUHD/3CJUKE/E4/h?a1=2013&a2=5&a3=21
 
Abenomics will cause regional damage
China, Taiwan and South Korea are all facing the problem of currency appreciation. The falling yen is salt rubbed into their wounds
http://link.ft.com/r/J0VG55/RPV20P/YHDR05/R3JUHD/OFZX6U/E4/h?a1=2013&a2=5&a3=21
 
Tax is not Apple's biggest worry
The tech group's main problems, globally, are slowing growth in iPhone sales and shrinking margins across its line-up. But it has rebooted before
http://link.ft.com/r/J0VG55/RPV20P/YHDR05/R3JUHD/XBYJ7I/E4/h?a1=2013&a2=5&a3=21
 

Financial Times - Management
 
A start-up that is fit for purpose
The husband and wife team behind Zaggora explain the challenges of managing growth energised bysocial media
http://link.ft.com/r/J0VG55/RPV20P/YHDR05/R3JUHD/VTK9AN/E4/h?a1=2013&a2=5&a3=21
 
The best sectors for would-be founders
If you have ambitions to become an entrepreneur, it pays to join the right industry even if you don't become self-employed right away
http://link.ft.com/r/J0VG55/RPV20P/YHDR05/R3JUHD/HI6AU0/E4/h?a1=2013&a2=5&a3=21
 
Is it OK to get personnel in public?
I wonder whether it is wise, or even legal, to work on personnel information in public
http://link.ft.com/r/J0VG55/RPV20P/YHDR05/R3JUHD/K9CMTY/E4/h?a1=2013&a2=5&a3=21
 
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