Business News
Pepco readies for hurricane season
With forecasters predicting an active hurricane season, Pepco's is bracing for the storms. But the company is still battling a public perception based on past storm response problems.
Exxon rejects gay-discrimination ban
Exxon shareholders reject ban on discrimination against gays, climate change proposal
Asia stocks down as Fed fears weigh on markets
Asia stocks take a breather as investors fret Fed might scale back stimulus
US banks report record earnings of $40.3B for Q1
US bank earnings rise 15.8 percent in Q1 to record $40.3B; lending, interest income fall
China's Shuanghui in $4.7B deal for Smithfield
China's Shuanghui buying Smithfield Foods for $4.72B; deal subject to federal review
Stocks fall; Dow average pulls back from a record
Stocks market falls as investors shift out of high-dividend stocks; Dow pulls back from record
Panda Express settles Hawaii sex harassment suit
Panda Express to pay $150K to settle federal sexual harassment claims at Hawaii restaurant
Wealthy win lion's share of major tax breaks
CBO study: Wealthy win lion's share of major tax breaks like mortgage interest deduction
EU demands Google do more to settle antitrust case
EU's competition chief says Google must make more concessions to settle antitrust case
Roku raises $60M from Hearst, News Corp, others
Streaming device maker Roku raises $60 million from Hearst, News Corp, others
Sallie Mae plans to split into 2, names new CEO
Sallie Mae plans to split into 2 separate, publicly traded cos.; names Remondi as its CEO
Switzerland takes step to end tax dispute with US
Switzerland looks to settle US tax dispute by letting banks lift veil of secrecy
Unemployment rates fall in nearly all US cities
Unemployment rates fall in 92 percent of US cities in April, latest sign of widespread gains
Dow Jones average pulls back from latest record
Stock market pulls back as investors shift out of high-dividend stocks
EU eases pace of austerity to help economy
EU Commission recommends several member states to slow pace of austerity cuts to help economy
AP source: Obama picking Furman for economic post
AP source: Obama nominating Furman to a top White House economic post
Tax overhaul: IRS scandal could lead to changes
IRS scandal seen as possible jump-starter for efforts to rewrite, simplify tax laws
Service Corp. to buy Stewart for more than $1B
Service Corp. to buy Stewart Enterprises for about $1.1B in combo of funeral home operators
Prosecutor seeks jail time for Dolce, Gabbana
Milan prosecutor seeks jail time for designers Dolce and Gabbana in tax case
Russia's top court to hear Khodorkovsky's appeal
Russia's highest court to hear appeal by jailed oil tycoon Khodorkovsky and his partner



