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Business

LOCAL BUSINESS NEWS
Changes Coming to East End Festival
Rochester, N.Y. - Tuesday afternoon, May 21, organizers will discuss changes to the popular event.
Apple CEO To Testify On Tax-Dodging Today
Washington (CNN) Apple executives are set to defend the company's tax practices on Capitol Hill on Tuesday, May 21 amid harsh criticism following a Senate investigation.
Yahoo Takes Big Leap With $1.1B Deal For Tumblr
San Francisco (AP) – Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet icon that had fallen behind the times.
JetBlue, Southwest Top Customer Satisfaction List
(CNN) - There are more smiles in the friendly skies.
Costco To Anchor "CityGate" Development
Rochester, N.Y. - Wholesale club will be located at the soon to be developed CityGate at corner of Westfall and East Henrietta Roads. Video Video
NATIONAL BUSINESS NEWS
Ex-Ford execs charged in Argentine torture cases
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.
5 minutes ago
Protesters demonstrate against IRS targeting
Federal buildings across the country became scenes of rallies on Tuesday by tea party activists, protesting the extra scrutiny given to conservative groups by the Internal Revenue Service.
9 minutes ago
Stocks edge higher as traders await Fed's next moves
Stock indexes are edging higher in midday trading on Wall Street as investors look ahead to the Federal Reserve's next moves.
Phoenix restaurant reeling after bad reality TV experience
The owners of a suburban Phoenix restaurant planned to reopen Tuesday night after it temporarily shut its doors following an embarrassing reality TV experience.
ESPN slashing workforce to 'smartly manage costs'
The sports media giant said Tuesday that it will cut down its workforce in an effort to implement company-wide changes, designed to enhance growth and smartly manage operating costs.
ABC BUSINESS NEWS
JPMorgan's CEO Keeps Dual Role
JPMorgan Chase shareholders voted to allow chief executive Jamie Dimon to keep his dual role as CEO and chairman of the board of directors, which critics say gives him too...
91-Year-Old Surpasses Goal to Fight Eviction
A 91-year old man in Zaleski, Ohio, hopes to buy back his home before his daughter has the chance to evict him from it.        
Apple CEO: 'No Tax Shifting Going On'
Apple [NASDAQ: AAPL] chief executive Tim Cook donned a suit and tie in his rare appearance at a Senate hearing about the tech company's offshore revenue and taxes, hoping for...
Watch: Apple's Tax Loopholes Makes Feds Sour
Jeff Macke analyzes the morning business headlines.        
Apple CEO Defends Offshore Tax Policy
In advance of Apple CEO Tim Cook's testimony later today, in Washington, on the way Apple avoids paying U.S. taxes on money it earns overseas, both Apple and congressional investigators...
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CONSUMER NEWS
Average Credit Card Debt, Late Payments Fall in 1Q
Los Angeles (AP) - New consumer credit data show that Americans were more diligent about making their card payments on time in the first three months of the year.
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