Apple's Cook: U.S. Tax Code Handicaps Companies

May 21 (Bloomberg) -- Tim Cook, chief executive officer of Apple Inc., said the iPhone maker doesn't use "gimmicks" to avoid taxes. Cook, testifying before the Senate Permanent Subcommittee on Investigations in Washington, said the current U.S. tax code "handicaps" American companies. (This is an excerpt from the hearing. Source: Bloomberg)
Greece Has Two-Week Deadline on ECB Payment: Vamvakidis
56:09 - Greece needs to agree on a completely new program within two weeks in order to be able to make a payment owing to the European Central Bank on July 20, according to Athanasios Vamvakidis, head of Group of 10 foreign exchange strategy at Bank of America Merrill Lynch. He spoke in an interview with Anna Edwards on Bloomberg Television's "Countdown." (Source: Bloomberg)
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