Apple's CEO is disputing assertions by a Senate panel that the company avoids billions of dollars in U.S. taxes by shifting profits to foreign affiliates.Apple CEO Tim Cook is sworn in before testifying to the Senate Homeland Security and Governmental Affairs Committee's Investigations Subcommittee about the company's offshore profit shifting and tax avoidance in the Dirksen Senate Office Building on Capitol Hill.
Continue reading Tim Cook Defends Apple: We Pay 'Every Single Dollar' in Taxes Owed.
JP Morgan chairman and chief executive Jamie Dimon is facing a shareholder revolt as investors prepare to vote on whether he should be allowed to keep both jobs.
Yahoo's board has agreed to buy Tumblr, the popular blogging service, for about $1.1 billion in cash, a person with knowledge of the agreement said on Sunday.
The Internal Revenue Service scandal couldn't have come at a worse time for the nation's 2 million federal workers, who are desperate to end furloughs and get their first raise in three years.
The Obama administration may strip Bangladesh of import breaks following deadly accidents in the country's textile industry, another sign of the pressure building on the southeast Asian nation to improve labor conditions.
To the U.S. technology industry, there's a dramatic shortfall in the number of Americans skilled in computer programming and engineering that is hampering business. To unions and some Democrats, it's more sinister: The push by Facebook's Mark Zuckerberg to expand the number of visas for high-tech foreign workers is an attempt to dilute a lucrative job market with cheap, indentured labor.
A growing divide between rich and poor risks will yawn still wider if cash-strapped governments keep cutting back the welfare state, an industrialised nations' think-tank warned on Wednesday.
Three weeks after a building collapse in Bangladesh that killed more than 1,100 workers, three of the world's largest apparel companies - the retailing giant H&M, C&A of the Netherlands, and Inditex, owner of the Zara chain -- agreed on Monday to sign a far-reaching and legally binding plan that requires retailers to help finance fire safety and building improvements in the factories they use in Bangladesh.
This interview with Brooke Denihan Barrett, co-chief executive of Denihan Hospitality Group, was conducted and condensed by Adam Bryant.
In addition to traditional large hubs for young grads, some smaller metro areas, such as Houston and San Francisco, saw spikes in population of those ages 20 to 30 with a bachelor's degree.
Coca-Cola has announced it will promote diet drinks, provide clearer calorie information and stop advertising to children under 12. Still, this may not appease the company's many critics seeking legal ways to restrict soda consumption.
More than 100 people in the United States die every day as a result of their work, according to a new report from the AFL-CIO.
Bank of China Ltd has shut the account of a major North Korean bank which was sanctioned by the United States in March after Washington accused it of helping finance Pyongyang's banned nuclear weapons programme. 
Air traffic controllers got a reprieve from federal budget cuts when Congress felt public pressure after airport delays inconvenienced travelers.
As U.S. lawmakers argue about the economic effects of immigration on the country, they might as well consider that a lot of America's most profitable companies were founded by people born elsewhere.
The regulator of U.S. power markets appears likely to pursue manipulation charges against JPMorgan Chase & Co , analysts said, after a New York Times report on the agency's document that seemed to lay out its case.
Whenever impoverished garment workers die while making clothes for wealthier consumers in far-off lands, competing clothing brands manage to come together over a high-minded common cause: Better scrutiny of the overseas plants that produce their garments, to avoid putting vulnerable workers in harm's way.
President Barack Obama nominated Rep. Mel Watt, D-N.C., as the new director of the Federal Housing Finance Agency Wednesday, but the president's pick could face strong headwinds in his confirmation hearings as policymakers continue to bicker over the future of government mortgage giants Fannie Mae and Freddie Mac.
J.C. Penney Co. is apologizing. 
You can recycle your waste, grow your own food and drive a fuel-efficient car. But being socially responsible isn't so easy when it comes to the clothes on your back.
First lady Michelle Obama is praising businesses for hiring more military veterans -- and also asking them to do more.
A senior executive in the inner circle of Jamie Dimon, JPMorgan Chase's chief executive, is leaving, the latest departure after the bank reported a multibillion-dollar trading loss last year.
Ratings agencies Standard & Poor's, Moody's and investment bank Morgan Stanley have settled two lawsuits dating back to the financial crisis that accused them of hiding risky investments.
Bangladesh textile workers vented their anger on Friday, burning cars and clashing with police, as the death toll passed 300 following the collapse of a building housing factories that made low-cost garments for Western brands.
The biggest U.S. banks may be encouraged to take excessive risks due to assumptions they'll be rescued by the government, a potential emerging threat to financial stability, a panel of top regulators warned Thursday.
Coffee chain Starbucks Corp , which has faced criticism for its low tax rate in Britain, has sought new tax breaks in the United States in comments to a congressional committee.
A bankruptcy trustee has sued Jon S. Corzine and other former MF Global executives, claiming they were "grossly negligent" in the lead-up to the brokerage firm's collapse.
Ben Bernanke is intensifying speculation that this year will be his last as Federal Reserve chairman by deciding to skip the Fed's annual August conference in Jackson Hole, Wyo.
EBay Inc Chief Executive John Donahoe began emailing millions of users of the company's online marketplace on Sunday in an unprecedented lobbying effort to change looming Federal sales tax legislation.
Three years ago, Charles and David Koch, the billionaire industrialists and supporters of libertarian causes, held a seminar of like-minded, wealthy political donors at the St. Regis Resort in Aspen, Colo. They laid out a three-pronged, 10-year strategy to shift the country toward a smaller government with less regulation and taxes.
Two months after a leaked Yahoo internal memo banning employees from working from home caused an uproar, Chief Executive Marissa Mayer has finally broken her silence over the controversial policy.
A federal judge has revived a securities fraud lawsuit accusing Bank of America Corp Chief Executive Brian Moynihan, his predecessor Kenneth Lewis, and others of misleading shareholders about the risk the bank might have to buy back large amounts of soured mortgages.
The seemingly invincible tech titan has lost nearly a quarter of its stock value this year. Shares slipped below $400 for the first time since 2011 on Wednesday. In the first quarter of the year, Apple was one of the worst performers in the S&P 500 (SPX).
American Airlines says it has fixed an outage in its main reservations system that is disrupting travel for thousands of passengers whose flights have been delayed or canceled.
The stock market had its worst drop this year as prices for oil and other commodities fell sharply on concerns about slowing growth in China.
Rather than serve as a cure-all for a broken health care system, Obamacare will be a harbinger of death, says Home Depot co-founder Bernie Marcus. The death of main street, that is.
JPMorgan Chase & Co Chairman and CEO Jamie Dimon, who came through the financial crisis relatively unscathed, is suddenly looking a little less secure.
Carnival Corp. says all maritime interests must assist without question those in trouble at sea, a duty that would not include reimbursing the U.S. government nearly $780,000 for costs associated with the rescue of the crippled Triumph cruise ship.
