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Reuters and the Reuters sphere logo are registered trademarks or trademarks of the Reuters group of companies around the world. © Reuters 2013 LONDON (Reuters) - Apple's ability to shelter billions of dollars of income from tax has depended on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs. http://www.reuters.com/article/2013/05/22/us-apple-tax-loophole-idUSBRE94L00S20130522?feedType=RSS&feedName=businessNews http://www.reuters.com/article/2013/05/22/us-apple-tax-loophole-idUSBRE94L00S20130522?feedType=RSS&feedName=businessNews businessNews Tue, 21 May 2013 21:22:25 -0400 NEW YORK (Reuters) - Prosecutors are considering charging Steven A. Cohen's SAC Capital Advisors as a criminal enterprise engaged in a long pattern of insider trading in stocks, according to a person familiar with the matter. http://www.reuters.com/article/2013/05/21/us-saccapital-investigation-rico-idUSBRE94K1CD20130521?feedType=RSS&feedName=businessNews http://www.reuters.com/article/2013/05/21/us-saccapital-investigation-rico-idUSBRE94K1CD20130521?feedType=RSS&feedName=businessNews businessNews Tue, 21 May 2013 19:50:36 -0400 DETROIT (Reuters) - A boutique carmaker led by former General Motors Co executive Bob Lutz and China's largest auto parts supplier made an offer this month to buy cash-strapped "green" car company Fisker Automotive, people familiar with the matter said. http://www.reuters.com/article/2013/05/21/us-autos-fisker-bids-idUSBRE94K0YV20130521?feedType=RSS&feedName=businessNews http://www.reuters.com/article/2013/05/21/us-autos-fisker-bids-idUSBRE94K0YV20130521?feedType=RSS&feedName=businessNews businessNews Tue, 21 May 2013 19:52:09 -0400 NEW YORK (Reuters) - Stocks rose on Tuesday, with the Dow and the S&P 500 closing at new all-time highs as Federal Reserve officials' comments eased some concerns that the central bank could start reducing its stimulus program. http://www.reuters.com/article/2013/05/21/us-markets-stocks-idUSBRE93006T20130521?feedType=RSS&feedName=businessNews http://www.reuters.com/article/2013/05/21/us-markets-stocks-idUSBRE93006T20130521?feedType=RSS&feedName=businessNews businessNews Tue, 21 May 2013 18:44:13 -0400 TAMPA, Florida (Reuters) - Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co took an unusual step to fight off investors seeking more oversight of his activities - he hinted he might quit. http://www.reuters.com/article/2013/05/22/us-jpmorgan-vote-idUSBRE94G0TL20130522?feedType=RSS&feedName=businessNews http://www.reuters.com/article/2013/05/22/us-jpmorgan-vote-idUSBRE94G0TL20130522?feedType=RSS&feedName=businessNews businessNews Tue, 21 May 2013 20:40:42 -0400 WASHINGTON (Reuters) - Apple Inc Chief Executive Tim Cook made no apology on Tuesday for the iPad maker saving billions of dollars in U.S. taxes through Irish subsidiaries and told lawmakers that his company backs corporate tax reform, even though it may end up paying more. http://www.reuters.com/article/2013/05/21/us-usa-tax-apple-idUSBRE94J0U320130521?feedType=RSS&feedName=businessNews http://www.reuters.com/article/2013/05/21/us-usa-tax-apple-idUSBRE94J0U320130521?feedType=RSS&feedName=businessNews businessNews Tue, 21 May 2013 18:31:45 -0400 TOKYO (Reuters) - Japan's exports rose less than expected in April from a year earlier due to weak demand from Europe and China, highlighting the challenges confronting the world's third-biggest economy as policymakers try to engineer a sustained revival. http://www.reuters.com/article/2013/05/22/us-japan-economy-trade-idUSBRE94L00P20130522?feedType=RSS&feedName=businessNews http://www.reuters.com/article/2013/05/22/us-japan-economy-trade-idUSBRE94L00P20130522?feedType=RSS&feedName=businessNews businessNews Tue, 21 May 2013 20:54:22 -0400 BOSTON/NEW YORK (Reuters) - As federal prosecutors circle Steven A. Cohen's $15 billion hedge fund in a long-running insider trading probe, one financial adviser in Texas is so devoted to the billionaire investor that he may give him more money. http://www.reuters.com/article/2013/05/21/us-hedgefunds-sac-investors-idUSBRE94K1BQ20130521?feedType=RSS&feedName=businessNews http://www.reuters.com/article/2013/05/21/us-hedgefunds-sac-investors-idUSBRE94K1BQ20130521?feedType=RSS&feedName=businessNews businessNews Tue, 21 May 2013 19:50:03 -0400 TOKYO (Reuters) - Shares of Sony Corp rose 6.3 percent to 2,300 yen, a two-year high, on Wednesday after the Nikkei newspaper reported Sony is considering evaluating a proposal from top shareholder Third Point LLC to spin off its movie and music business. http://www.reuters.com/article/2013/05/22/us-sony-shares-idUSBRE94L00H20130522?feedType=RSS&feedName=businessNews http://www.reuters.com/article/2013/05/22/us-sony-shares-idUSBRE94L00H20130522?feedType=RSS&feedName=businessNews businessNews Tue, 21 May 2013 20:16:49 -0400 NEW YORK (Reuters) - UBS AG lost a bid Tuesday to dismiss a whistle-blower lawsuit by a former commercial mortgage-backed securities strategist who said he was fired for refusing to publish misleading research reports. http://www.reuters.com/article/2013/05/22/us-ubs-whistleblower-decision-idUSBRE94L00520130522?feedType=RSS&feedName=businessNews http://www.reuters.com/article/2013/05/22/us-ubs-whistleblower-decision-idUSBRE94L00520130522?feedType=RSS&feedName=businessNews businessNews Tue, 21 May 2013 21:15:30 -0400