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A group that made headlines for hacking the PBS Web site earlier this week is apparently turning its attention to Sony. The group known as LulzSec has been promising Sony attacks since this past weekend when it posted to its Twitter account that it is engaged in an operation it calls "Sownage," shorthand for Sony Ownage. The group stated at the time that it was working on hatching a plan that would be the "beginning of the end" for Sony. It has yet to reveal what it has planned. But yesterday the group said that the attack was already under way, seemingly without Sony's knowledge. "Hey @Sony, you know we're making off with a bunch of your internal stuff right now and you haven't even noticed?" LulzSec tweeted. "Slow and steady, guys." Read more: news.cnet.com...
Corporate Taxes Too High? Not for These 12 Big Firms
With the Obama administration drafting a corporate tax reform plan, the report found that General Electric [GE 19.13 ], American Electric Power [AEP 38.02 --- UNCH ], DuPont [DD 51.57 ] and nine other companies had a negative 1.5 percent tax rate on $171 billion in profits over the three years studied. "Not a single one of these companies paid anything close to the 35 percent statutory tax rate," said the report from Citizens for Tax Justice, a left-leaning group based in Washington that promised more details later this year.
Companies singled out in Citizens for Tax Justice's newest report also included Verizon Communications [VZ 36.27 ], Boeing [BA 75.35 ], Wells Fargo [WFC 26.94 ], FedEx [FDX 91.43 --- UNCH ] and Exxon Mobil [XOM 82.03 ]. 'Tip of Iceberg' "These 12 companies are just the tip of the iceberg of widespread corporate tax avoidance," said Bob McIntyre, director of Citizens for Tax Justice, which is working on a broader report covering the Fortune 500 companies.