Philip Morris International Inc. said Tuesday it plans to buy the remaining 20 percent stake in its Mexican subsidiary from business magnate Carlos Slim's Grupo Carso holding company. The seller of Marlboro ...

TSX rises 1 percent as most sectors rally; positive data boosts TORONTO (Reuters) - Canada's main stock index rose to its highest in 1-1/2 months on Tuesday, fueled by gains in almost all major sectors and optimism following positive economic data from Europe. The Toronto Stock Exchange's S&P/TSX composite index was up …

By David Henry TAMPA, Florida (Reuters) - JPMorgan Chase & Co's Jamie Dimon appears headed for a victory in a shareholder vote on whether he will keep his dual roles as chairman and chief executive of the largest U.S. bank, according to reports on Tuesday. A bitter, months-long shareholder campaign demanding more oversight …

Concho Resources Inc. recently announced the pricing of senior unsecured notes worth $850 million.

* Indonesia approves 40 pct stake purchase by DBS * Seeks more reciprocity for its banks in Singapore * Full DBS takeover of Danamon may take 18 months (Adds MAS statement, analyst quotes, background) ...

Cuba has authorized individual imports of appliances such as air conditioners, refrigerators and microwave ovens, lifting a ban imposed in 2005 amid a wave of energy shortages and blackouts. Islanders ...

May 21 (Infostrada Sports) - Results from the Strasbourg International Women's Singles Round 1 matches on Tuesday 5-Monica Niculescu (Romania) beat Marina Erakovic (New Zealand) 6-7(7) 6-3 7-6(5) Misaki Doi (Japan) beat Karolina Pliskova (Czech Republic) 7-5 6-2 Anna Tatishvili (Georgia) beat Caroline Garcia (France) 6-7(4) …

Hershey is looking to expand in China by tapping into the country's taste for "milk candy." The Pennsylvania company says it's launching a new line called Lancaster in three cities next month, ...

Canadian PM says growing expenses scandal a distraction OTTAWA (Reuters) - Canadian Prime Minister Stephen Harper dismissed a mushrooming expenses scandal in the Senate as a distraction on Tuesday and urged his Conservative legislators to focus on the economy. But Harper, facing the biggest crisis since he won power in …

By Andrea Hopkins TORONTO (Reuters) - Canada's top banking regulator said on Tuesday she is focused on the risk Canada's big banks face from low interest rates and real estate lending, but is happy that the housing market is moving into more balanced territory. Julie Dickson, head of the Office of the Superintendent of …

By Patrick Temple-West WASHINGTON (Reuters) - Apple Inc (AAPL.O) came under fire on Tuesday at a Senate hearing over an investigation that alleged the U.S. high technology icon has kept billions of dollars ...

Canadian PM says growing expenses scandal a distraction OTTAWA (Reuters) - Canadian Prime Minister Stephen Harper dismissed a mushrooming expenses scandal in the Senate as a distraction on Tuesday and urged his Conservative legislators to focus on the economy. But Harper, facing the biggest crisis since he won power in …

Liberace film throws spotlight on gay rights at Cannes festival CANNES (Reuters) - The relationship between the flamboyant pianist Liberace and his young lover dazzled at the Cannes film festival on Tuesday and threw the spotlight on gay rights at the movie industry's largest annual gathering. Director Steven Soderbergh …

Liberace film throws spotlight on gay rights at Cannes festival CANNES (Reuters) - The relationship between the flamboyant pianist Liberace and his young lover dazzled at the Cannes film festival on Tuesday and threw the spotlight on gay rights at the movie industry's largest annual gathering. Director Steven Soderbergh …

Senate panel hammers Apple over offshore tax strategies WASHINGTON (Reuters) - Apple Inc came under fire on Tuesday at a Senate hearing over an investigation that alleged the U.S. high technology icon has kept billions of dollars in profits in Irish subsidiaries and paid little or no taxes to any government. "Apple effectively …

By Jeffrey Heller JERUSALEM (Reuters) - Israel's coalition government presented a divided front on Palestinian statehood on Tuesday as U.S. Secretary of State John Kerry prepared a new mission to revive long-defunct peace talks. Appearing before a parliamentary committee, Israeli chief peace negotiator Tzipi Livni outlined …

Priceline.com Inc. said Tuesday that it completed its $1.8 billion acquisition of fellow online travel company Kayak Software Corp. Under the terms of the deal originally announced in November, Norwalk, ...

Wireless equipment maker Ericsson AB says it will close down its telecom cable manufacturing operation and cut around 350 jobs in Sweden. Ericsson said Tuesday it has given notice to 318 workers in the ...

By Tom Bergin LONDON (Reuters) - Apple's (AAPL.O) ability to shelter billions of dollars of income from tax has hinged on an unusual loophole in the Irish tax code that helps the country compete with other ...

The former chief of the Internal Revenue Service is telling Congress he doesn't know why his agency targeted tea party and other conservative groups seeking tax exempt status. Douglas Shulman tells the ...

Simponi can now be used for the treatment of moderately to severely active ulcerative colitis in adults.

By Rodrigo Campos NEW YORK (Reuters) - Stocks were little changed in early trading on Tuesday with Home Depot at a record high and buoying the blue-chips while investors eyed congressional testimony from Fed chairman Ben Bernanke on Wednesday. The housing market recovery helped Home Depot report higher quarterly sales and …

Stock indexes fluctuated in early trading Tuesday as investors tried to predict the Fed's next move. The Dow Jones industrial average rose five points at 15,340 shortly after 10:30 a.m. Eastern time. The ...

By Ethan Bilby BRUSSELS (Reuters) - The European Union wants to exclude much of the utility sector from a prospective EU-U.S. free trade agreement in order to protect government controlled infrastructure, the latest draft of the EU's mandate for the negotiations showed on Tuesday. Unlike in the United States, many national …

A company that monitors global Internet traffic says another branch of the Venezuela-to-Cuba undersea fiber-optic cable has come online, connecting the island to nearby Jamaica. Internet analysis firm ...

By Greg McCune CHICAGO (Reuters) - Tornadoes could form across a wide area of the southern Plains and into the U.S. southeast again on Tuesday, including metropolitan Dallas-Fort Worth, the most populous urban area in the threatened area, a government meteorologist said. "There could be a few more tornadoes again, particularly …

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. The deal represents a compromise between ...

A federal judge refused Monday to vacate the guilty plea of an estate-planning lawyer accused of using the identities of terminally ill patients to illegally obtain millions of dollars, calling his motion ...

By Suleiman Al-Khalidi AMMAN (Reuters) - Jordan has turned away thousands of Syrian refugees in the past week in the first such clampdown since the crisis in Syria began more than two years ago, diplomats, activists and aid workers said on Tuesday. Jordan, due to host an international conference on Syria on Wednesday, has …

By Wendell Roelf CAPE TOWN (Reuters) - Ten striking South African miners were taken to hospital on Tuesday after being hit by rubber bullets, police said, as labour strife spread ahead of mid-year pay negotiations. As well as the violence at a chromium mine, the National Union of Metal Workers of South Africa (NUMSA) said …

By Carey Gillam and Ian Simpson MOORE, Oklahoma (Reuters) - Emergency workers searched for survivors in the rubble of homes, schools and a hospital in an Oklahoma town hit by a powerful tornado, but officials on Tuesday sharply lowered the number of deaths caused by the storm. The Oklahoma state medical examiner's office …

By Wendell Roelf CAPE TOWN (Reuters) - Ten striking South African miners were taken to hospital on Tuesday after being hit by rubber bullets, police said, as labour strife spread ahead of mid-year pay negotiations. As well as the violence at a chromium mine, the National Union of Metal Workers of South Africa (NUMSA) said …

Xcel Energy Inc. is asking Colorado regulators to approve a demonstration project that would use forest biomass to generate electricity. David Eves of Xcel's Public Service Co. of Colorado says the project ...

WellPoint Inc.'s new CEO is slimming the health insurer's business units to two from four as the company prepares for coverage expansions that will hit the market next year as part of the health care overhaul. ...

Sprint Nextel Corp. has raised its buyout offer for the stake in Clearwire it does not already own by 14 percent. Sprint said Tuesday that it is offering $3.40 per share for Clearwire Corp. Its previous ...

GE Capital has recently announced that its Board of Directors has approved a proposal to pay a dividend of $6.5 billion in 2013 to its parent.

University of Maine System trustees voted Monday to freeze tuition rates for the upcoming school year at 2012 levels for in-state undergraduate students. Trustees voted in Bangor on the system's operating ...

New Mexico is switching gears on its plan for a health insurance exchange and initially will partner with the federal government for computer services needed for an online insurance marketplace. The state ...

An engineering firm accused of firing a whistleblower for reporting unsafe conditions at an eastern Kansas nuclear power plant plans to appeal the ruling by federal regulators, the firm said Monday. The ...

CORK/DUBLIN (Reuters) - Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments and had no special rate deal with the company after the U.S. Senate said it paid little or no ...

Shares of some top utilities companies are mixed at 10 a.m.: American Electric Power Co. rose $.06 or .1 percent, to $49.53. Consolidated Edison Inc. Holding Co. rose $.10 or .2 percent, to $61.00. Dominion ...

Shares of some top coal companies are mixed at 10 a.m.: Arch Coal rose $.15 or 2.8 percent, to $5.53. Consol Energy Inc. rose $.36 or 1.0 percent, to $35.42. Peabody Energy fell $.13 or .6 percent, to ...

Shares of some top supermarkets companies are mixed at 10 a.m.: Kroger rose $.26 or .7 percent, to $34.98. Safeway fell $.18 or .7 percent, to $24.18. Supervalu rose $.03 or .4 percent, to $6.84. Whole ...

Shares of some top specialty retail companies are mixed at 10 a.m.: Autozone Inc. rose $14.64 or 3.6 percent, to $423.69. Bed Bath & Beyond Inc. rose $.68 or 1.0 percent, to $68.03. Best Buy fell $.29 ...

Shares of some top telecom companies are mixed at 10 a.m.: AT&T Inc. fell $.13 or .3 percent, to $37.09. Sprint Nextel rose $.09 or 1.2 percent, to $7.38. Verizon Communications Inc. fell $.15 or .3 percent, ...

Shares of some top silver companies are down at 10 a.m.: Hecla Mining Co. fell $.13 or 3.8 percent, to $3.25. Pan American Silver Corp. fell $.54 or 4.2 percent, to $12.40. Silver Standard Resources Inc. ...

Shares of some top restaurant companies are mixed at 10 a.m.: Brinker International Inc. rose $.01 or percent, to $41.29. Chipotle Mexican Grill Inc. fell $1.12 or .3 percent, to $375.75. Darden Restaurants ...

Shares of some top big-box retail companies are up at 10 a.m.: Costco Wholesale Corp. rose $.60 or .5 percent, to $112.62. Target rose $.35 or .5 percent, to $71.00. Wal-Mart Stores Inc. rose $.14 or .2 ...