Senate panel passes immigration bill
WASHINGTON - A Senate panel approved legislation to give millions of illegal immigrants a path to citizenship, setting up a spirited debate next month in the full Senate over the biggest changes in immigration policy in a generation. Full Article
Italy to outline youth jobs plan as government struggles
ROME - Italy's new government, already sinking in opinion polls and riven by internal disputes, on Wednesday lays out its plans to address one of the main causes of public anger - soaring unemployment among young people.
Twisters return, but Oklahoma short on shelters
The people of central Oklahoma know all too well the destructive power of a tornado, but residents had few basements and storm shelters to run to when the alarm sounded, officials said. Full Article
The Irish loophole behind Apple's low tax bill
LONDON - Apple's 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 countries for investment and jobs. Apple's arrangements dates back over 30 years. Full Article
Tax official at center of scandal won't testify
WASHINGTON - Lois Lerner, the Internal Revenue Service official at the center of a scandal about the targeting of conservative groups for extra tax scrutiny, plans to assert her constitutional right not to answer questions from a congressional committee. Full Article
Ahmadinejad to challenge ally's election ban
DUBAI - President Mahmoud Ahmadinejad said he would ask Iran's supreme leader to reverse a ban preventing his aide from running in next month's presidential poll, a test of stability after the violent trauma of the 2009 vote. Full Article | Related Story
No easy pickings in Russia's banking market
MOSCOW - Foreign banks that once treated Russia as virgin land where easy money could be made are now finding it a cut-throat market tougher than some bargained for. Full Article | Factbox
North Korea sends top aide to Beijing
SEOUL/BEIJING - North Korea sent one of its top military officials as a "special envoy" from its leader Kim Jong-un to Beijing, accompanied by a high-powered delegation in what appeared to be a bid to mend frayed relations with its most important ally. Full Article
Senate panel backs arming Syria rebels
WASHINGTON - A Senate panel voted overwhelmingly to send weapons to rebels fighting Syria's government, but it was not clear who would get the arms even if the bill succeeds, as Washington struggles to deal with its response to the conflict. Full Article
In the Boardroom: JPM shows shareholders alive and kicking
May 22 - JP Morgan chairman and chief executive Jamie Dimon faces down a shareholder revolt and keeps both jobs. But this is no defeat for shareholder activism. Quite the opposite, says Lucy Marcus.
Latest Headlines
How much does Jamie Dimon matter?
To his supporters, he’s the personification of everything that’s best about the financial system. But to detractors, he’s the personification of all that’s wrong with modern banking — the arrogance, the resistance to new regulation, the astronomical pay in the face of obvious mistakes. Commentary
What Hollande can learn from Queen of Hearts
So far there has been little to show for his economic policies. Some actions have backfired and others have not gone far enough. Commentary
U.S. power: Down but still unrivaled
Beijing does not threaten to counterbalance U.S. power as gravely as America’s economy threatens to become imbalanced on its own. Commentary
The European Union's unending quandary
As recession deepens in the euro zone, the political questions about what comes next are resurfacing. Commentary
Party opinion usurps public opinion
We are witnessing the slow death of public opinion in this country. It’s being displaced by party opinion. Elections today are less and less about persuasion and more and more about mobilization: You rally your supporters in order to beat back your opponents. Commentary
What was James Rosen thinking?
While I join the chorus of rage aimed at the excesses of a Department of Justice leak investigation that has criminalized the reporting of Fox News Channel’s James Rosen, I also wonder how much of Rosen’s trouble is of his own making. Commentary
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The Tumblr effect
Frothy tech valuations are not limited to U.S. High-stakes deals are growing in China too. Video
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