Tech, healthcare lead Wall St. higher; Nasdaq hits record

- U.S. stocks ended sharply higher on Wednesday and the Nasdaq logged a record high close, led by a rebound in technology and healthcare stocks and optimism that Greece would avoid defaulting on its debt. | Video

Recent Business News

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

Airbus wins board spat with Spain, to renew CEO

AMSTERDAM - Airbus Group faced down a revolt by government shareholders over a board appointment and invited its chief executive to stay on until 2019 as Europe's largest aerospace company consolidated a recent push for political independence.

3:01pm EDT


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