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Apple's Cook faces Senate questions on taxes

In this Wednesday, Sept. 12, 2012 photo, Apple CEO Tim Cook speaks during an introduction of the new iPhone 5 in San Francisco. Cook is scheduled to testify on Capitol Hill Tuesday May 21, 2013, to explain the companyâs tax strategy, which a Senate subcommittee says lets it avoid paying billions of dollars in taxes.

The Senate dragged massively profitable Apple Inc. 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. 42 minutes ago

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BUSINESS

Yahoo looks to regain its cool with Tumblr deal

After falling woefully out of fashion, Yahoo wants to be cool again while catering to the capitalistic demands of its shareholders. That goal led CEO Marissa Mayer to make a $1.1 billion bet on online blogging forum Tumblr in a risky acquisition that revolves around the vision and instincts of a ...
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BUSINESS

United restarts 787 flights after grounding

United Airlines put its 787 back in the air on Monday, with both the airline and Boeing hoping to put the plane's four-month grounding behind them.
BUSINESS

Oregon timber country ponders future with fewer logs

Jennifer Phillippi's grandparents started producing lumber in this corner of Oregon timber country in 1922, when a man could set up a mill, log the trees within range of a team of horses and move the mill to a new stand when those trees ran out.
BUSINESS

US gas prices up 11 cents over past 2 weeks

The average U.S. price of a gallon of gasoline has jumped 11 cents over the past two weeks.

BUSINESS

Stock indexes close higher on hopes for Fed

Stocks are closing higher on Wall Street as investors bank on continued support from the Federal Reserve.

29 minutes ago
BUSINESS

Oil slips as traders wait for Fed, supply data

The price of oil fell Tuesday as investors waited for the Federal Reserve's latest views on the U.S. economy.
BUSINESS

Corn falls after farmers catch up on planting

Corn is falling after U.S. farmers planted record amounts of corn last week, easing concern that earlier delays to planting would harm this year's crop.
BUSINESS

JPMorgan's Dimon survives shareholder referendum

Shareholders of JPMorgan Chase voted Tuesday to let Jamie Dimon keep both the chairman and CEO roles, but they signaled that the bank needed better oversight, giving only narrow approval to three of the bank's board members.
BUSINESS

NJ's Revel casino exits bankruptcy court

Revel, a brand new but struggling Atlantic City casino, has formally emerged from bankruptcy.

59 minutes ago
BUSINESS

JPMorgan Directors Glance: How shareholders voted

Shareholders at JPMorgan Chase voted to let Jamie Dimon, the chairman and CEO of the nation's largest bank, keep both his jobs Tuesday. Dimon also received strong support to be re-elected to the bank's board of directors.

1 hour ago