Business
IRS official to take the 5th at House hearing
Summoned by Congress, a key figure in the Internal Revenue Service's targeting of conservative groups plans to invoke her constitutional right against self-incrimination and decline to testify at a congressional hearing on Wednesday. Lois Lerner heads the IRS division that singled out conservative groups for additional scrutiny when they applied ...
Slow Pokes: Acupuncture Helps Sick Turtles
Two endangered sea turtles are shells of their former selves after getting stranded on Cape Cod during a cold spell. Now they're getting some help easing back into the wild with the help of an acupuncturist. (May 21)
ESPN cutting workforce, 'smartly managing costs'
ESPN is cutting its workforce, the latest Disney division to reduce staff. "We are implementing changes across the company to enhance our continued growth while smartly managing costs," the sports media giant said in a statement Tuesday. "While difficult, we are confident that it will make us more competitive, innovative ...
Tim Cook Defends Apple's Tax Accounting
Apple's CEO, Tim Cook is disputing assertions by a Senate panel that the company avoids billions of dollars in U.S. taxes by shifting profits to foreign affiliates. (May 21)
Average credit card debt, late payments fall in 1Q
Americans got better about paying their credit card debt on time in the first three months of the year, a period when many borrowers use income tax returns to tackle their holiday season debt. The rate of credit card payments at least 90 days overdue fell to 0.69 percent in ...
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 ...
Senators require fingerprinting at 30 airports
Senate supporters of far-reaching immigration legislation accepted minor changes in public while negotiating over more sweeping alterations in private Monday as they drove toward expected Judiciary Committee approval by mid-week. In a long day of drafting, the panel voted to begin phasing in a requirement for foreigners to undergo fingerprinting ...
White House Backs 'Shield Law' for Media
White House Press Secretary Jay Carney said on Monday that President Barack Obama is endorsing a federal shield law for reporters seeking to protect their confidential sources, and 'is very happy to see the Senate take it up again." (May 20...
Company Promises to Make All Snail Mail Digital
A San Francisco company is taking paperless to the next level, converting all conventional mail and sending it to your smartphone or tablet. (May 20)
Analyst: Tumblr Fills Void in Yahoo's Offerings
Yahoo's acquisition of Tumblr will give the struggling Internet pioneer a much-needed boost to attract and retain younger users, says S&P Capital's Scott Kessler. (May 20)
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