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AP Top Business News At 4:08 p.m. EDT

Apple's Cook faces Senate questions on taxes
WASHINGTON (AP) -- The Senate dragged massively profitable Apple Inc. into the debate over the U.S. tax code Tuesday, grilling CEO Tim Cook over allegations that its Irish subsidiaries help the company avoid billions in U.S. taxes....

JPMorgan's Dimon survives shareholder referendum
TAMPA, Fla. (AP) -- Shareholders of JPMorgan Chase voted Tuesday to let Jamie Dimon keep both the chairman and CEO roles, but they signaled that the bank needed better oversight, giving only narrow approval to three of the bank's board members....

Stock indexes close higher on hopes for Fed
NEW YORK (AP) -- Stocks are closing higher on Wall Street as investors bank on continued support from the Federal Reserve....

Does France have right plan to revive its economy?
PARIS (AP) -- The man charged with reviving France's shrinking economy and attracting businesses to invest here is gaining a reputation for doing the opposite....

Committee nears final vote on immigration bill
WASHINGTON (AP) -- Far-reaching immigration legislation neared a final committee vote on Tuesday as the White House and Democratic supporters pressed the panel's chairman to delay a showdown over the rights of gay spouses until a debate in the full Senate....

Microsoft touts Xbox One as all-in-1 entertainment
REDMOND, Wash. (AP) -- Microsoft thinks it has the one....

Ex-Ford execs charged in Argentine torture cases
BUENOS AIRES, Argentina (AP) -- Three former Ford Motor Co. executives have been charged with crimes against humanity in Argentina for allegedly targeting union workers for kidnapping and torture after the country's 1976 military coup....

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....

Best Buy reports 1Q loss on restructuring costs
MINNEAPOLIS (AP) -- Best Buy Co. on Tuesday reported a loss for 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....

Sprint boosts buyout offer for Clearwire
OVERLAND PARK, Kan. (AP) -- Sprint Nextel Corp. is offering 14 percent more than before for the stake in wireless data network operator Clearwire Corp. it does not already own, but a large shareholder said the offer was still inadequate....

Business Video
Multimedia
Captains of industry: Comparing CEO pay and performance
Unemployment by the numbers
Up to the Minute
Figures on government spending and debt

Oil slips as traders wait for Fed, supply data

Corn falls after farmers catch up on planting

JPMorgan's Dimon survives shareholder referendum

NJ's Revel casino exits bankruptcy court

JPMorgan Directors Glance: How shareholders voted

Does France have right plan to revive its economy?

United Tech CEO sees stronger economy, airlines

Stock indexes head higher in afternoon trading

Best Buy reports 1Q loss on restructuring costs