AP News

JPMorgan's Dimon survives shareholder referendum
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 members....

Apple's Cook faces Senate questions on taxes
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 panel approves immigration bill
WASHINGTON (AP) -- 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....

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

Does France have right plan to revive its economy?
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 $8.6B due to weaker yen
TOKYO (AP) -- Japan's 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....

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

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....

Lew: IRS actions "unacceptable and inexcusable"
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....

Best Buy reports 1Q loss on restructuring costs
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....