Romney makes more than $20M
WASHINGTON (AP) — Mitt Romney’s tax returns tell the tale: Yes, he’s rich — really rich.
His returns, spanning more than 500 pages and released under political pressure Tuesday, represent an extraordinary financial accounting of one of the wealthiest U.S. presidential candidates in generations, with his annual income topping $20 million.
It remains unclear how the details of Romney’s fortune will play among American workers, who on average earn less in a lifetime than Romney paid in taxes in 2010 alone. Meanwhile, the typical taxpayer pays a similar share of his income to Uncle Sam as he does, roughly 15 percent.
Romney’s returns — which include a 2011 tax estimate — spilled out new details of his scattered holdings, tax strategies and charitable donations. Romney paid about $3 million in federal income taxes in 2010.
Not guilty plea in D.C. shooting
WASHINGTON (AP) — An Idaho man accused of firing shots at the White House pleaded not guilty Tuesday to charges that he tried to assassinate President Barack Obama.
A lawyer for Oscar Ramiro Ortega-Hernandez entered the plea on his client’s behalf during a brief appearance in U.S. District Court in Washington. Ortega did not say anything during the proceedings and will remain held without bond. He has another court date next month.
Prosecutors say Ortega used an assault rifle with an attached scope to fire a series of shots at the White House from long range on the night of Nov. 11. Obama and his wife, Michelle, were out of town at the time. In the months before the shooting, investigators say, he had become obsessed with Obama, referred to him as the anti-Christ and told one person he planned to “take care of” Obama.
Apple doubles sales of iPhones
NEW YORK (AP) — After uncharacteristically tepid sales in the July-to-September quarter, Apple came back with a vengeance in the last three months of 2011, vastly exceeding analyst estimates and setting new records.
Apple Inc. on Tuesday said it sold 37 million iPhones in the quarter, double the figure of the previous quarter and more than twice as many as it sold in the holiday quarter of 2010.
The result may make Apple the world’s largest maker of smartphones. Samsung Electronics, which held that position last summer, has said it expects to report shipping about 35 million smartphones in the October to December quarter.
October saw the launch of the iPhone 4S, and the addition of Sprint Nextel Corp. as an iPhone carrier in the U.S. Apple said net income in the fiscal first quarter was $13.06 billion, or $13.87 per share. That was up 118 percent from $6 billion, or $6.43 per share, a year ago.
Analysts polled by FactSet were expecting earnings of $10.04 per share for the latest quarter, Apple’s fiscal first.
Revenue was $46.33 billion, up 73 percent from a year ago. Analysts were expecting $38.9 billion.
The Cupertino, Calif., company shipped 15.4 million iPads in the quarter, again more than doubling sales over the same quarter last year. The November launch of Amazon.com Inc.’s $199 Kindle Fire tablet didn’t appear to put a dent in the iPad’s sales, as some analysts predicted it would.
Romney makes more than $20M
WASHINGTON (AP) — Mitt Romney’s tax returns tell the tale: Yes, he’s rich — really rich.
His returns, spanning more than 500 pages and released under political pressure Tuesday, represent an extraordinary financial accounting of one of the wealthiest U.S. presidential candidates in generations, with his annual income topping $20 million.
It remains unclear how the details of Romney’s fortune will play among American workers, who on average earn less in a lifetime than Romney paid in taxes in 2010 alone. Meanwhile, the typical taxpayer pays a similar share of his income to Uncle Sam as he does, roughly 15 percent.
Romney’s returns — which include a 2011 tax estimate — spilled out new details of his scattered holdings, tax strategies and charitable donations. Romney paid about $3 million in federal income taxes in 2010.
Not guilty plea in D.C. shooting
WASHINGTON (AP) — An Idaho man accused of firing shots at the White House pleaded not guilty Tuesday to charges that he tried to assassinate President Barack Obama.
A lawyer for Oscar Ramiro Ortega-Hernandez entered the plea on his client’s behalf during a brief appearance in U.S. District Court in Washington. Ortega did not say anything during the proceedings and will remain held without bond. He has another court date next month.
Prosecutors say Ortega used an assault rifle with an attached scope to fire a series of shots at the White House from long range on the night of Nov. 11. Obama and his wife, Michelle, were out of town at the time. In the months before the shooting, investigators say, he had become obsessed with Obama, referred to him as the anti-Christ and told one person he planned to “take care of” Obama.
Apple doubles sales of iPhones
NEW YORK (AP) — After uncharacteristically tepid sales in the July-to-September quarter, Apple came back with a vengeance in the last three months of 2011, vastly exceeding analyst estimates and setting new records.
Apple Inc. on Tuesday said it sold 37 million iPhones in the quarter, double the figure of the previous quarter and more than twice as many as it sold in the holiday quarter of 2010.
The result may make Apple the world’s largest maker of smartphones. Samsung Electronics, which held that position last summer, has said it expects to report shipping about 35 million smartphones in the October to December quarter.
October saw the launch of the iPhone 4S, and the addition of Sprint Nextel Corp. as an iPhone carrier in the U.S. Apple said net income in the fiscal first quarter was $13.06 billion, or $13.87 per share. That was up 118 percent from $6 billion, or $6.43 per share, a year ago.
Analysts polled by FactSet were expecting earnings of $10.04 per share for the latest quarter, Apple’s fiscal first.
Revenue was $46.33 billion, up 73 percent from a year ago. Analysts were expecting $38.9 billion.
The Cupertino, Calif., company shipped 15.4 million iPads in the quarter, again more than doubling sales over the same quarter last year. The November launch of Amazon.com Inc.’s $199 Kindle Fire tablet didn’t appear to put a dent in the iPad’s sales, as some analysts predicted it would.