Apple's corporate tax rate
Apple paid a corporate tax rate of just 1.9 percent on its earnings outside the U.S. in the last fiscal year, according to a U.S. regulatory filing. The electronics giant paid $713 million on foreign profits of $36.87 billion in the year ending Sept. 29.
A housing market still in the tank
Nearly two-thirds of housing markets across the country are in worse shape now than when the bust began in 2008, according to a study of 919 counties by the research firm RealtyTrac. Worst hit are Atlanta, Tucson, Salt Lake City, and Cook County, Ill., where home prices have fallen nearly 20 percent in the last four years.
The Washington Post
Boeing's Dreamliner earns rave reviews
United Airlines this week became the first U.S. carrier to fly paying passengers on Boeing’s new 787 Dreamliner. United Flight 1116 flew from Houston to Chicago, to raves from passengers. One aircraft enthusiast called the roomier and quieter jet “just awesome.”
Billions owed in child support
Deadbeat parents owe more than $100 billion in unpaid child support, according to the Office of Child Support Enforcement. Half of these payments—some $53 billion-—are owed for the support of children on taxpayer-funded public assistance.
Goldman Sachs trims its ranks
Goldman Sachs has trimmed the ranks of its richly remunerated partners to keep expenses down. The investment bank announced that it now has 407 partners, 31 fewer than it had in February. Goldman is completing a $1.9 billion cost-cutting program, but total pay is up 10 percent from last year.