Jobs Heirs may Sell Apple and Disney to avoid millions in Capital Gains Tax

Full Story: Bloomberg Businesswek 22 Nov

Steve Jobs’s widow may never find a better moment to sell her late husband’s $6.78 billion of Apple Inc. and Walt Disney Co. stock. Under U.S. law, Jobs’s heirs may sell Apple and Disney and avoid $867 million in capital gains taxes, reports Huffington Post.

“I can’t see any reason not to sell all of it,” said Kacy Gott, chief planning officer at the wealth-management firm Aspiriant, whose clients have assets of as much as $100 million. “They should have been looking to diversify years ago.”

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Disney's Swampy: The Hot App Star

Full Story: Bloomberg BusinessWeek

Swampy: Disney's new creation for iPhones

Disney's Swampy is going to be the next hot games for the Apple iPhones. Living in an underground sewer, the googly-eyed reptile likes to lounge around in his subterranean bathtub while he scrubs his back with a brush.

Players will love to swipe their fingers across an iPhone screen to guide water into his tub while dodging toxic sludge and collecting rubber duckies as prizes.

With the 99¢ app, also available for the iPad, Disney is attempting to do something it has never done before: spin a multimillion-dollar franchise out of a character that made his debut on a 3.5-inch screen.

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