11 results for "JIM PUZZANGHERA"
Apple Inc. Chief Executive Tim Cook strongly defended the company's tax practices Tuesday at a Senate hearing highlighting the technology giant's use of Irish subsidiaries to shelter billions of dollars in income from U.S. taxes.
Apple Inc. has used an elaborate web of offshore subsidiaries to avoid paying at least $44 billion in U.S. taxes in the past four years, a Senate investigation has found.
Consumers will help keep economic growth on track this year, as new projections of their spending indicate it will offset the hit to the recovery from the federal government's automatic budget cuts, a panel of economists said Monday.
Initial jobless claims last week unexpectedly jumped to a six-week high of 360,000 after declining to a post-recession low this month, the Labor Department said Thursday.
The eurozone economy contracted 0.2 percent in the first three months of the year compared to the previous quarter, marking the region's longest recession since its single currency was created in 1999.
Sen. Elizabeth Warren, the newest member of the Senate Banking Committee, waited patiently for her first chance to question top financial regulators at a recent hearing on Capitol Hill.
Small-business owners were more optimistic about the economy in April, but "pessimism abounds" in a sector that is barely growing, the National Federation for Independent Business said Tuesday.
American families reduced their debt load in the first three months of the year by 1 percent, bringing it down to pre-recession levels after an uptick in the last quarter of 2012, the Federal Reserve said Tuesday.
The European Central Bank could reduce the interest rate it pays on excess bank deposits to below zero to boost growth in the recession-plagued region, a top official said.
A nearly $60 billion dividend payment to the government by taxpayer-owned Fannie Mae will help push off the effective date on which the U.S. would hit its debt limit until at least Labor Day, Treasury Secretary Jacob J. Lew said Friday.