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House panel hearing lawmaker who wants IRS chief impeached

Alan Fram, Associated Press  |  Posted  May 24th - 7:40am

A sympathetic House Judiciary Committee is giving a high-profile forum to a top Republican who wants to impeach IRS Commissioner John Koskinen, a cause that excites conservatives but seems unlikely to go far in Congress this election year.

French raid Google over 'aggravated tax fraud' allegations

Raphael Satter, Associated Press  |  Posted  May 24th - 7:31am

French police have raided Google's Paris offices as part of an investigation into "aggravated tax fraud" and money laundering, authorities said Tuesday. The raid is the latest regulatory headache for the American search engine-and-email company, which like other Silicon Valley firms faces increasing questions about its complex tax arrangements.

Luxembourg to be quizzed over tax ruling allegation

The Associated Press  |  Posted  May 24th - 7:30am

The Belgian government says it will quiz Luxembourg over media allegations that it makes unwritten tax agreements with companies despite European Union insistence to promote full transparency on the much-criticized practice.

Lawsuit accuses Domino's Pizza of 'rampant wage violations'

Michael Virtanen, Associated Press  |  Posted  May 24th - 7:30am

The state's attorney general on Tuesday sued Domino's Pizza Inc., affiliates and three franchisees alleging they underpaid workers based on payroll reports generated by the parent company's computer system.

Belgian protesters clash at anti-austerity demonstration

The Associated Press  |  Posted  May 24th - 7:30am

Belgian riot police fired a water cannon at protesters Tuesday after fighting broke out at the end of a major anti-austerity demonstration attended by tens of thousands of people in central Brussels. At least one policeman and several protesters were injured.

French police force open fuel depot amid protests, shortages

The Associated Press  |  Posted  May 24th - 7:30am

French police used water cannons on Tuesday to disperse projectile-throwing protesters blocking a key fuel depot on the Mediterranean, as gasoline shortages spread around the country amid increasingly tense labor actions.

Fiat Chrysler names new head of Alfa Romeo and Maserati

The Associated Press  |  Posted  May 24th - 7:20am

Fiat Chrysler Automobiles on Tuesday announced that its U.S. sales chief will take over the premium Italian Alfa Romeo and Maserati brands.

Apple boss Tim Cook: Apps are future of TV

The Associated Press  |  Posted  May 24th - 7:20am

Apple CEO Tim Cook said Tuesday that apps are the future of television and that the company wants to help change the entertainment industry.

Haley, GOP governors ask FCC to address prison cellphones

Meg Kinnard, Associated Press  |  Posted  May 24th - 7:10am

Gov. Nikki Haley is among 10 Republican governors urging the head of the Federal Communications Commission to give states more autonomy in fighting the issue of cellphone that inmates have illegally in prison.

Greece hopes to get new loans approved by eurozone creditors

The Associated Press  |  Posted  May 24th - 7:10am

The eurozone's top official expressed optimism Tuesday that Greece's creditors will approve its reform efforts, paving the way for the payout of a new batch of rescue loans that would keep Athens from defaulting on its massive debts this summer.

US biochemical engineer wins $1.2 million technology prize

Matti Huuhtanen, Associated Press  |  Posted  May 24th - 7:10am

American biochemical engineer Frances Arnold, whose discoveries in "directed evolution" have helped produce medicines, including drugs for treating diabetes, on Tuesday was awarded this year's euro 1 million ($1.2 million) Millennium Technology Prize.

Romanian Senate speaker charged with making false statements

The Associated Press  |  Posted  May 24th - 7:00am

Romanian prosecutors have charged the Senate speaker with making false statements to protect people standing trial in a real estate case involving a prince.

EU, Panama to discuss offshore accounts

The Associated Press  |  Posted  May 24th - 7:00am

The European Union will have talks with Panamanian authorities on Wednesday in the wake of the offshore accounts scandal centering on people and multinationals stashing funds and avoid paying taxes, something which costs the EU billions a year.

Oil spilled from ship pollutes Albanian beach

The Associated Press  |  Posted  May 24th - 6:50am

Authorities say that oil spilled from a ship has polluted a tourist beach in southwestern Albania.

Will Obama's new overtime rules actually hurt workers?

Jeanne Sahadi, CNN  |  Posted  May 24th - 6:44am

A new federal rule that expands the number of workers eligible for overtime pay means employers will have to pony up more money — in payroll, administrative and legal costs.

Best Buy adds to chorus of woes in retail

The Associated Press  |  Posted  May 24th - 6:40am

A strong start to the year from Best Buy was overshadowed by a lengthening string of declining quarterly sales and a pessimistic outlook that added to a chorus of woes from the retail sector.

Report: European banks to struggle, may need to cut costs

The Associated Press  |  Posted  May 24th - 6:11am

European banks are likely to struggle to make profits in months ahead and may need to cut costs, merge or change their business strategies to return to solid health, a report said Tuesday.

British pound up as markets see lower risk of EU exit

The Associated Press  |  Posted  May 24th - 5:50am

The British pound posted strong gains Tuesday as market expectations waned somewhat of a British exit from the European Union, so-called Brexit.

Defendant pleads guilty in stock, money-laundering scheme

The Associated Press  |  Posted  May 24th - 5:40am

Federal prosecutors in New York say a Belize resident has pleaded guilty to money laundering conspiracy for helping clients profit off illegal stock trades and then laundering more than $250 million.