Big news of the day: Apple sells $17 billion in bonds.
Wait, what? Companies sell bonds to raise cash, no? I thought Apple was already sitting on a pile of cash...?
Here we go, further down in the article: "...reluctance to share any of Apple's massive $145 billion cash pile..."
And, yes, there's sort of an explanation yet further down. Seems to involve the screwy U.S. tax situation, and the expense of repatriating earnings. Unless it's the former Nigerian Minister of Finance. Which would make about as much sense.
Update: El Reg reports that, yes, it's an expensive scheme to avoid even more expensive taxes on repatriating overseas cash. Which wouldn't work without the combination of high taxes and stupid low interest rates. And still seems to make about as much sense as if the CFO had fallen for a 419 scam.