Asian shares up on Greek rescue hopes, dollar shines

TOKYO - Asian shares edged up on Thursday on vague hopes of a rescue deal for Greece while the dollar was at the helm in currency markets on expectations that the U.S. Federal Reserve will raise rates later this year.

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EU outlines plans to make multinationals pay their share of tax

BRUSSELS - The European Commission outlined plans on Wednesday to limit how much multinational companies can reduce taxes on their European earnings through the use of creative accounting.

JPMorgan CEO faults company and shareholders for disagreements

NEW YORK - JPMorgan Chase & Co officials have not done enough to show how well the company is run, Chairman and CEO Jamie Dimon said on Wednesday, after one-third of shareholders disapproved last week of his pay and the practice of one person holding his two jobs.

4:40pm EDT

Michael Kors posts slowest revenue growth since going public

- Michael Kors Holdings Ltd reported its slowest quarterly revenue growth since it went public in December 2011 as demand for its handbags and accessories weakened in North America, its biggest market. | Video

2:09pm EDT

Tiffany's sales, profit beat on higher tourist spending in Europe

- Luxury jeweler Tiffany & Co reported better-than-expected quarterly sales and profit as it benefited from higher spending by tourists in Europe and growing demand for its Tiffany T line of fashion jewelry.

2:08pm EDT

CBS CEO said met with Apple to discuss TV deal

RANCHOS PALOS VERDES, Calif - CBS Corp CEO Leslie Moonves met with Apple Inc last week to discuss a TV deal, he said at a technology conference Wednesday, and that discussions and negotiations for such a deal are ongoing.

1:41pm EDT


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