Business

Business Apple case seen as possible spur to tax reform Apple case seen as possible spur to tax reform
By MARCY GORDON, AP Business Writers Published: May 22, 2013 at 8:23 AM PDT
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.
Business U.S. home sales tick up to highest in 3½ years U.S. home sales tick up to highest in 3½ years
By CHRISTOPHER S. RUGABER, AP Economics Writer Published: May 22, 2013 at 8:21 AM PDT
Sales of previously occupied U.S. homes ticked up last month to the highest level in three and a half years, helped by a jump in the number of houses for sale.
Business Median CEO pay rises to $9.7 million in 2012 Median CEO pay rises to $9.7 million in 2012
By CHRISTINA REXRODE, AP Business Writer Published: May 22, 2013 at 8:18 AM PDT
The head of a typical large public company made $9.7 million in 2012, a 6.5 percent increase from a year earlier that was aided by a rising stock market, according to an analysis by The Associated Press using data from Equilar, an executive pay research firm.
Business Restaurant learns online reviews can make or break Restaurant learns online reviews can make or break
By CRISTINA SILVA, Associated Press Published: May 22, 2013 at 8:13 AM PDT
In the evolving world of online marketing, comments, both good and bad, and the reactions they trigger from managers, can make all the difference between higher revenues and empty storefronts.
Business Bernanke signals Fed to maintain stimulus efforts Bernanke signals Fed to maintain stimulus efforts
By MARTIN CRUTSINGER, AP Economics Writer Published: May 22, 2013 at 8:08 AM PDT
Chairman Ben Bernanke is telling Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary stimulus programs.
Business Apple's CEO faces tough Senate questions on untaxed profits Apple's CEO faces tough Senate questions on untaxed profits
By MARCY GORDON, AP Business Writer Published: May 21, 2013 at 10:45 AM PDT Last Updated: May 21, 2013 at 1:10 PM PDT
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.
Business Senators agree to expansion of high-tech visas Senators agree to expansion of high-tech visas
By DAVID ESPO and ERICA WERNER, Associated Press Published: May 21, 2013 at 8:35 AM PDT
Officials say leading senators trying to resolve a key issue on immigration legislation have agreed to a compromise covering expansion of a high-tech visa program.
Business Earnings preview: PC slump hangs over HP's 2nd quarter Earnings preview: PC slump hangs over HP's 2nd quarter
By Associated Press Published: May 20, 2013 at 8:28 AM PDT
Hewlett-Packard's latest quarterly results will show how badly the deteriorating personal computer market damaged the company while CEO Meg Whitman tries to expand into more profitable areas of technology.
Business Ryanair keeps growing, reports record profits Ryanair keeps growing, reports record profits
By SHAWN POGATCHNIK, Associated Press Published: May 20, 2013 at 8:19 AM PDT
Ryanair reported record profits Monday as Europe's largest budget airline relentlessly expanded its route network across the continent and into North Africa.