Apple CEO Tim Cook got a relatively modest $4.2 million in salary for the latest fiscal year. That's after the company's board set him up with stock now worth $510 million for taking the reins in 2011.
If Congress and the president can't reach a deal, budget cuts will go into effect next week. But most agencies won't be hit right away. The biggest planning headaches seem to be for payroll companies and others who deal with taxes — as they wait to see if automatic increases happen Jan. 1.
Conventional wisdom says e-books are destroying the traditional publishing business model. But the story's not that simple. For one thing, flexible pricing allows publishers to hold what amount to one-day-only sales on any given title — which means more people will discover that book.
The company that makes BlackBerry, Research in Motion, had only 5 percent of the global smartphone market in 2012. That's down from 11 percent the year before, according to the market research firm IHS iSuppli. Also in the 5 percent club: Nokia and HTC.
President Obama returns to Washington Thursday as do members of the U.S. Senate. They're cutting holiday plans short in hopes of coming up with a deal to avoid the tax hikes and budget cuts set to take effect on Jan. 1.
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