Marketplace Morning Report for Wednesday, November 6, 2013
Apple, Inc. is trying to give customers a sense of how often the government officially demands private data. During the first 6 months of 2013, there were 3,500 requests by the U.S. -- and those are just the ones Apple is disclosing. Later today, CBS will release its profits report. The broadcaster made headlines in August when it went head-to-head with Time Warner Cable. The standoff may have cost Time Warner more than 300,000 subscribers. But CBS seems to have done better -- at least for now. And, there's a campaign in Washington to block big companies from taking a tax deduction when they settle cases with the government. That comes after JPMorgan Chase agreed to pay a $5.1 billion settlement, all of which seems tax deductible.
Apple, Inc. is trying to give customers a sense of how often the government officially demands private data. During the first 6 months of 2013, there were 3,500 requests by the U.S. — and those are just the ones Apple is disclosing. Later today, CBS will release its profits report. The broadcaster made headlines in August when it went head-to-head with Time Warner Cable. The standoff may have cost Time Warner more than 300,000 subscribers. But CBS seems to have done better — at least for now. And, there’s a campaign in Washington to block big companies from taking a tax deduction when they settle cases with the government. That comes after JPMorgan Chase agreed to pay a $5.1 billion settlement, all of which seems tax deductible.
