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....
JPMorgan's Dimon faces shareholder referendum
TAMPA, Fla. (AP) -- Jamie Dimon, chairman and CEO JPMorgan Chase, told shareholders Tuesday that last year's $6 billion trading loss had been expensive and "extremely embarrassing," but he also asked shareholders not to fixate on the issue....
Best Buy reports 1Q loss on restructuring costs
MINNEAPOLIS (AP) -- Best Buy Co. on Tuesday reported a loss in 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....
German central bank: Economy to improve 'markedly'
FRANKFURT, Germany (AP) -- Germany's central bank expects the country's economy to improve "markedly" in the second quarter - a development that could boost the wider eurozone as it struggles to get out of recession....
