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    • Apple CEO Tim Cook, Oppenheimer and Bullock appear before a Senate homeland security and governmental affairs investigations subcommittee hearing in Washington
      Apple CEO makes no apology for company's tax strategy Reuters - 3 hrs ago

      By Patrick Temple-West and Kevin Drawbaugh WASHINGTON (Reuters) - Apple Inc Chief Executive Tim Cook made no apology on Tuesday for the iPad maker saving billions of … More »Apple CEO makes no apology for company's tax strategy

      Apple CEO Tim Cook, Oppenheimer and Bullock appear before a Senate homeland security and governmental affairs investigations subcommittee hearing in Washington

      By Patrick Temple-West and Kevin Drawbaugh WASHINGTON (Reuters) - Apple Inc Chief Executive Tim Cook made no apology on Tuesday for the iPad maker saving billions of dollars in U.S. taxes through Irish subsidiaries and told lawmakers that his company backs corporate tax reform, even though it may end up paying more. The …

    • Traders work on the floor at the New York Stock Exchange
      Dow, S&P end at records on Fed officials' reassurance Reuters - 4 hrs ago

      By Angela Moon NEW YORK (Reuters) - Stocks rose on Tuesday, with the Dow and the S&P 500 closing at new all-time highs as Federal Reserve officials' comments eased some … More »Dow, S&P end at records on Fed officials' reassurance

      Traders work on the floor at the New York Stock Exchange

      By Angela Moon NEW YORK (Reuters) - Stocks rose on Tuesday, with the Dow and the S&P 500 closing at new all-time highs as Federal Reserve officials' comments eased some concerns that the central bank could start reducing its stimulus program. Dow component Home Depot gave the market a lift after the world's largest home …

    • File photo of Hedge fund manager Cohen, founder and chairman of SAC Capital Advisors, responding to a question during an interview at the SALT Conference in Las Vegas
      Scandal or not, one SAC investor can't get enough of Steve Cohen Reuters - 1 hr 0 mins ago

      By Svea Herbst-Bayliss and Sam Forgione BOSTON/NEW YORK (Reuters) - As federal prosecutors circle Steven A. Cohen's $15 billion hedge fund in a long-running insider trading … More »Scandal or not, one SAC investor can't get enough of Steve Cohen

      File photo of Hedge fund manager Cohen, founder and chairman of SAC Capital Advisors, responding to a question during an interview at the SALT Conference in Las Vegas

      By Svea Herbst-Bayliss and Sam Forgione BOSTON/NEW YORK (Reuters) - As federal prosecutors circle Steven A. Cohen's $15 billion hedge fund in a long-running insider trading probe, one financial adviser in Texas is so devoted to the billionaire investor that he may give him more money. "I'm thinking about putting more money …

    • JPMorgan Chase & Co CEO Dimon speaks about state of global economy at forum hosted by the Council on Foreign Relations (CFR) in Washington
      Dimon clings to JPMorgan chairman title, after fight Reuters - 47 mins ago

      By David Henry TAMPA, Florida (Reuters) - Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co took an unusual step to fight off investors seeking more oversight … More »Dimon clings to JPMorgan chairman title, after fight

      JPMorgan Chase & Co CEO Dimon speaks about state of global economy at forum hosted by the Council on Foreign Relations (CFR) in Washington

      By David Henry TAMPA, Florida (Reuters) - Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co took an unusual step to fight off investors seeking more oversight of his activities - he hinted he might quit. And it worked. At the bank's annual meeting on Tuesday, JPMorgan shareholders voted down a proposal to …

    • Logo of Sony Corp. is seen at an electronics store in Tokyo
      Sony shares hit two-year high on report of spin-off proposal Reuters - 33 mins ago

      TOKYO (Reuters) - Shares of Sony Corp rose 6.3 percent to 2,300 yen, a two-year high, on Wednesday after the Nikkei newspaper reported Sony is considering evaluating … More »Sony shares hit two-year high on report of spin-off proposal

      Logo of Sony Corp. is seen at an electronics store in Tokyo

      TOKYO (Reuters) - Shares of Sony Corp rose 6.3 percent to 2,300 yen, a two-year high, on Wednesday after the Nikkei newspaper reported Sony is considering evaluating a proposal from top shareholder Third Point LLC to spin off its movie and music business. (Reporting by Dominic Lau; Editing by Paul Tait)

    • Apple Operations International, a subsidiary of Apple Inc, is seen in Hollyhill, Cork, in the south of Ireland
      Ireland rejects blame for Apple's low tax rate Reuters - 35 mins ago

      By Conor Humphries and Padraic Halpin CORK/DUBLIN (Reuters) - Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments and had no special rate … More »Ireland rejects blame for Apple's low tax rate

      Apple Operations International, a subsidiary of Apple Inc, is seen in Hollyhill, Cork, in the south of Ireland

      By Conor Humphries and Padraic Halpin CORK/DUBLIN (Reuters) - Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments and had no special rate deal with the company after the U.S. Senate said it paid little or no tax on tens of billions of dollars in profits stashed in Irish subsidiaries. The …

    • The logo of Swiss bank UBS is seen at the bank's headquarters in Zurich
      Ex-strategist can sue UBS as whistleblower: U.S. judge Reuters - 24 mins ago

      By Nate Raymond NEW YORK (Reuters) - UBS AG lost a bid Tuesday to dismiss a whistle-blower lawsuit by a former commercial mortgage-backed securities strategist who said … More »Ex-strategist can sue UBS as whistleblower: U.S. judge

      The logo of Swiss bank UBS is seen at the bank's headquarters in Zurich

      By Nate Raymond NEW YORK (Reuters) - UBS AG lost a bid Tuesday to dismiss a whistle-blower lawsuit by a former commercial mortgage-backed securities strategist who said he was fired for refusing to publish misleading research reports. U.S. District Judge Jesse Furman in Manhattan found that Trevor Murray, who was fired …

    • The front of one of the JPMorgan Chase & Co. buildings is shown during the annual meeting Tuesday, May 21, 2013, in Tampa, Fla. It's a pivotal day for Jamie Dimon, head of the country's biggest bank, his shareholders will vote whether to strip him of his role as bank chairman. (AP Photo/Chris O'Meara)
      JPMorgan's Dimon survives shareholder referendum AP - 2 hrs 12 mins ago

      TAMPA, Fla. (AP) — Jamie Dimon, the CEO and chairman of JPMorgan Chase, easily survived a vote Tuesday that would have called on him to give up his role as chairman of … More »JPMorgan's Dimon survives shareholder referendum

      The front of one of the JPMorgan Chase & Co. buildings is shown during the annual meeting Tuesday, May 21, 2013, in Tampa, Fla. It's a pivotal day for Jamie Dimon, head of the country's biggest bank, his shareholders will vote whether to strip him of his role as bank chairman. (AP Photo/Chris O'Meara)

      TAMPA, Fla. (AP) — Jamie Dimon, the CEO and chairman of JPMorgan Chase, easily survived a vote Tuesday that would have called on him to give up his role as chairman of the nation's largest bank. But shareholders sent a message that the bank needs better oversight by giving only narrow approval to three of the bank's board …

    • Apple CEO Tim Cook testifies on Capitol Hill in Washington, Tuesday, May 21, 2013, before the Senate Homeland Security and Governmental Affairs Permanent subcommittee on Investigations as lawmakers examine the methods employed by multinational corporations to shift profits offshore and how such activities are affected by the Internal Revenue Code. Lawmakers want to know the tax strategy of how Apple, the world's most valuable company, based in Cupertino, Calif., holds a billion dollars in an Irish subsidiary as a tax strategy, according to a report issued this week by the subcommittee. (AP Photo/J. Scott Applewhite)
      Apple's Cook faces Senate questions on taxes AP - 3 hrs ago

      WASHINGTON (AP) — The Senate dragged Apple Inc., the world's most valuable company, into the debate over the U.S. tax code Tuesday, grilling CEO Tim Cook over allegations … More »Apple's Cook faces Senate questions on taxes

      Apple CEO Tim Cook testifies on Capitol Hill in Washington, Tuesday, May 21, 2013, before the Senate Homeland Security and Governmental Affairs Permanent subcommittee on Investigations as lawmakers examine the methods employed by multinational corporations to shift profits offshore and how such activities are affected by the Internal Revenue Code. Lawmakers want to know the tax strategy of how Apple, the world's most valuable company, based in Cupertino, Calif., holds a billion dollars in an Irish subsidiary as a tax strategy, according to a report issued this week by the subcommittee. (AP Photo/J. Scott Applewhite)

      WASHINGTON (AP) — The Senate dragged Apple Inc., the world's most valuable company, into the debate over the U.S. tax code Tuesday, grilling CEO Tim Cook over allegations that its Irish subsidiaries help the company avoid billions in U.S. taxes.

    • Senate Judiciary Committee Chairman Sen. Patrick Leahy, D-Vt., right, confers with the committee's ranking Republican, Sen. Chuck Grassley, R-Iowa, on Capitol Hill in Washington, Monday, May 20, 2013, as the committee assembles to work on a landmark immigration bill to secure the border and offer citizenship to millions. The panel is aiming to pass the legislation out of committee this week, setting up a high-stakes debate on the Senate floor. (AP Photo/J. Scott Applewhite)
      Senate panel approves immigration bill AP - 14 mins ago

      WASHINGTON (AP) — Far-reaching legislation to grant a chance at citizenship to millions of immigrants living illegally in the United States cleared the Senate Judiciary … More »Senate panel approves immigration bill

      Senate Judiciary Committee Chairman Sen. Patrick Leahy, D-Vt., right, confers with the committee's ranking Republican, Sen. Chuck Grassley, R-Iowa, on Capitol Hill in Washington, Monday, May 20, 2013, as the committee assembles to work on a landmark immigration bill to secure the border and offer citizenship to millions. The panel is aiming to pass the legislation out of committee this week, setting up a high-stakes debate on the Senate floor. (AP Photo/J. Scott Applewhite)

      WASHINGTON (AP) — Far-reaching legislation to grant a chance at citizenship to millions of immigrants living illegally in the United States cleared the Senate Judiciary Committee on a solid bipartisan vote Tuesday night after supporters somberly sidestepped a controversy over the rights of gay spouses.

    • FILE - In this Tuesday, Feb. 21, 2012 file photo, traders work on the floor at the New York Stock Exchange in New York. Stock indexes are edging higher in early trading on Wall Street Tuesday, May 21, 2013, as investors look ahead to the Federal Reserve's next moves. (AP Photo/Seth Wenig, File)
      Stocks gain on reassurance from a top Fed official AP - 2 hrs 23 mins ago

      NEW YORK (AP) — Reassuring comments from a Federal Reserve official and better earnings from two big retailers helped push the stock market higher Tuesday. More »Stocks gain on reassurance from a top Fed official

      FILE - In this Tuesday, Feb. 21, 2012 file photo, traders work on the floor at the New York Stock Exchange in New York. Stock indexes are edging higher in early trading on Wall Street Tuesday, May 21, 2013, as investors look ahead to the Federal Reserve's next moves. (AP Photo/Seth Wenig, File)

      NEW YORK (AP) — Reassuring comments from a Federal Reserve official and better earnings from two big retailers helped push the stock market higher Tuesday.

    • FOR STORY SLUGGED FRANCE SHRINKING ECONOMY - FILE - In this Sept. 27, 2012 file photo, French Minister for Industrial Recovery Arnaud Montebourg delivers a speech after meeting workers and trade union representatives of ArcelorMittal, in Florange, northeast France. The 50-year old lawyer Montebourg, is the man charged with reviving France's shrinking economy and attracting businesses to invest in the country, but according to some analysts he is fast gaining a reputation for doing the opposite, as public spats with international companies, and efforts to block employee layoffs are being seen as the epitome of what is wrong with the French economy. (AP Photo/Mathieu Cugnot, File)
      Does France have right plan to revive its economy? AP - 10 hrs ago

      PARIS (AP) — The man charged with reviving France's shrinking economy and attracting businesses to invest here is gaining a reputation for doing the opposite. More »Does France have right plan to revive its economy?

      FOR STORY SLUGGED FRANCE SHRINKING ECONOMY - FILE - In this Sept. 27, 2012 file photo, French Minister for Industrial Recovery Arnaud Montebourg delivers a speech after meeting workers and trade union representatives of ArcelorMittal, in Florange, northeast France. The 50-year old lawyer Montebourg, is the man charged with reviving France's shrinking economy and attracting businesses to invest in the country, but according to some analysts he is fast gaining a reputation for doing the opposite, as public spats with international companies, and efforts to block employee layoffs are being seen as the epitome of what is wrong with the French economy. (AP Photo/Mathieu Cugnot, File)

      PARIS (AP) — The man charged with reviving France's shrinking economy and attracting businesses to invest here is gaining a reputation for doing the opposite.

    • Japan's trade deficit hits $8.6 billion in April AP - 31 mins ago

      TOKYO (AP) — Japan reports its trade deficit widened to a larger-than-expected 879.9 billion yen ($8.6 billion) in April as its weakening currency accentuated surging … More »Japan's trade deficit hits $8.6 billion in April

      TOKYO (AP) — Japan reports its trade deficit widened to a larger-than-expected 879.9 billion yen ($8.6 billion) in April as its weakening currency accentuated surging import costs.

    • Kareem Choudhry, left, development manager for Microsoft Corp.'s Kinect motion-sensing device for the Xbox, demonstrates the level of detail in the camera of the new Kinect for the next-generation Xbox One entertainment and gaming console system to a visiting journalist, right, during a demonstration, Tuesday, May 21, 2013, in Redmond, Wash. (AP Photo/Ted S. Warren)
      Microsoft touts Xbox One as all-in-1 entertainment AP - 1 hr 27 mins ago

      REDMOND, Wash. (AP) — Microsoft thinks it has the one. More »Microsoft touts Xbox One as all-in-1 entertainment

      Kareem Choudhry, left, development manager for Microsoft Corp.'s Kinect motion-sensing device for the Xbox, demonstrates the level of detail in the camera of the new Kinect for the next-generation Xbox One entertainment and gaming console system to a visiting journalist, right, during a demonstration, Tuesday, May 21, 2013, in Redmond, Wash. (AP Photo/Ted S. Warren)

      REDMOND, Wash. (AP) — Microsoft thinks it has the one.

    • Ex-Ford execs charged in Argentine torture cases AP - 1 hr 43 mins ago

      BUENOS AIRES, Argentina (AP) — Three former Ford Motor Co. executives were charged Tuesday with crimes against humanity for allegedly targeting Argentine union workers … More »Ex-Ford execs charged in Argentine torture cases

      BUENOS AIRES, Argentina (AP) — Three former Ford Motor Co. executives were charged Tuesday with crimes against humanity for allegedly targeting Argentine union workers for kidnapping and torture after the country's 1976 military coup.

    • Treasury Secretary Jacob Lew testifies on Capitol Hill in Washington, Tuesday, May 21, 2013, before the Senate Banking Committee hearing. Lew said the Internal Revenue Service's (IRS) targeting of conservative political groups was "unacceptable and inexcusable" and he has directed the agency's acting director to hold people accountable. (AP Photo/Evan Vucci)
      Lew: IRS actions "unacceptable and inexcusable" AP - 8 hrs ago

      WASHINGTON (AP) — Treasury Secretary Jacob Lew says the Internal Revenue Service's targeting of conservative political groups was "unacceptable and inexcusable" and he … More »Lew: IRS actions "unacceptable and inexcusable"

      Treasury Secretary Jacob Lew testifies on Capitol Hill in Washington, Tuesday, May 21, 2013, before the Senate Banking Committee hearing. Lew said the Internal Revenue Service's (IRS) targeting of conservative political groups was "unacceptable and inexcusable" and he has directed the agency's acting director to hold people accountable. (AP Photo/Evan Vucci)

      WASHINGTON (AP) — Treasury Secretary Jacob Lew says the Internal Revenue Service's targeting of conservative political groups was "unacceptable and inexcusable" and he has directed the agency's acting director to hold people accountable.

    • In this photo taken Friday, Apr. 26, 2013, Miele Account Manager Natasha Feldman showcases a Miele steam oven at the Pacific Sales at the Best Buy store in Glendale, Calif. Best Buy Co. Inc. reports quarterly financial results before the market opens on Tuesday, May 21, 2013. (AP Photo/Damian Dovarganes)
      Best Buy reports 1Q loss on restructuring costs AP - 2 hrs 13 mins ago

      MINNEAPOLIS (AP) — Best Buy Co. on Tuesday reported a loss for its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes … More »Best Buy reports 1Q loss on restructuring costs

      In this photo taken Friday, Apr. 26, 2013, Miele Account Manager Natasha Feldman showcases a Miele steam oven at the Pacific Sales at the Best Buy store in Glendale, Calif. Best Buy Co. Inc. reports quarterly financial results before the market opens on Tuesday, May 21, 2013. (AP Photo/Damian Dovarganes)

      MINNEAPOLIS (AP) — Best Buy Co. on Tuesday reported a loss for its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores.

    • Photos: Frank Lloyd Wright Homes For Sale @ ABC News - Fri, May 17, 2013

      Frank Lloyd Wright may have died in 1959, but his architecture is alive and well. A recent story in the Wall Street Journal revealed the cost to upkeep some of his historic … More »Photos: Frank Lloyd Wright Homes For Sale

      Frank Lloyd Wright may have died in 1959, but his architecture is alive and well. A recent story in the Wall Street Journal revealed the cost to upkeep some of his historic homes may be more than buyers bargain for, but others clamor to invest in history.        

    • Martha Stewart Case Judge Ruling Favors JCP @ ABC News - Fri, Apr 12, 2013

      The judge presiding over the lawsuit against Martha Stewart and J.C. Penney ruled on Friday allowing the sale of Martha Stewart merchandise in J.C. Penney stores.     … More »Martha Stewart Case Judge Ruling Favors JCP

      The judge presiding over the lawsuit against Martha Stewart and J.C. Penney ruled on Friday allowing the sale of Martha Stewart merchandise in J.C. Penney stores.        

    • Couple Finds $100,000 in Safe Deposit Box @ ABC News - Fri, Apr 12, 2013

      An elderly couple in Brooklyn, N.Y., found a huge pile of cash–what they reckon was $100,000–in cash in a bank’s safe deposit box. Joe Valinoti, 82, and his companion, … More »Couple Finds $100,000 in Safe Deposit Box

      An elderly couple in Brooklyn, N.Y., found a huge pile of cash–what they reckon was $100,000–in cash in a bank’s safe deposit box. Joe Valinoti, 82, and his companion, Kathleen Ricigliano, 81, said they opened a safe deposit box account with Sovereign Bank in February....        

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