Labor
Apple case seen as possible spur to tax action
Now that tech darling Apple Inc. has been dragged front and center into the debate over the U.S. tax code, lawmakers are hoping that the spotlight on such a high-profile company could be the catalyst for Congress to take action to close loopholes or reform the law. At a hearing ...
Bernanke testimony to be studied for policy clues
When Ben Bernanke testifies about the U.S. economy Wednesday, the Federal Reserve chairman's words will be examined for any clues that the Fed might soon taper — or increase — its support for the economy. The Fed is pursuing an aggressive program of bond purchases to try to keep long-term ...
Senate panel approves immigration bill
Far-reaching legislation that grants 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. The 13-5 vote cleared the way for an ...
Senate panel approves immigration bill
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. The 13-5 vote cleared the way for an ...
UC hospitals say patients safe despite strike
Thousands of workers at University of California medical centers began a two-day strike on Tuesday that prompted the postponement of dozens of surgeries amid reassurances that patients were safe. A union representing some 13,000 hospital pharmacists, nursing assistants, operating room scrubs and other health care workers began the walkout at ...
JPMorgan's Dimon survives shareholder referendum
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 ...
Best Buy reports 1Q loss on restructuring costs
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. Its adjusted earnings beat Wall Street expectations, as cost cuts helped offset tough pricing ...
AP News in Brief at 5:58 a.m. EDT
Grappling with loss and uncertain future, Okla. residents return to area devastated by tornado MOORE, Okla. (AP) — With her son holding her elbow, Colleen Arvin walked up her driveway to what was left of her house for 40 years. It was the 83-year-old grandmother's first time back at her ...
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. Three directors — James Crown, David Cote and Ellen Futter — received the backing of ...
New Egypt tax law: cuts for poor, business hikes
Egypt's president signed a new tax law Tuesday that cuts the amount paid by poorer Egyptians in the latest move aimed at reforming the country's economy. The changes, which are more favorable than the previous tax law for the country's most vulnerable, could boost Islamists in parliamentary elections slated for ...
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