Business - latimes.com

Apple CEO Tim Cook strongly defends tax policy at Senate hearing

By Jim Puzzanghera — Tue, 21 May 2013 09:22:00 PDT

Apple CEO Tim Cook to senators: 'We don't depend on tax gimmicks' [video chat]

By Chris O'Brien and Jim Puzzanghera — Tue, 21 May 2013 14:00:00 PDT

Microsoft unveils new Xbox One console

By Dawn C. Chmielewski — Tue, 21 May 2013 11:00:00 PDT

With Microsoft’s new Xbox, the next time you yell at your TV it will actually be able to respond.

Walt Disney Co.'s ESPN says it is cutting staff

By Joe Flint — Tue, 21 May 2013 10:23:00 PDT

Just one week after touting its strength to advertisers and declaring it wasn't worried about new competition from Fox Sports, ESPN is cutting its staff.

Herbalife chooses PricewaterhouseCoopers as new auditor

By Stuart Pfeifer — Tue, 21 May 2013 10:27:00 PDT

Herbalife Ltd. has chosen PricewaterhouseCoopers as its independent auditor, ending a nearly two-month effort to replace KPMG, which resigned after a senior partner was accused of insider trading.

JPMorgan's Jamie Dimon survives vote to strip him of chairmanship

By Andrew Tangel — Tue, 21 May 2013 09:29:00 PDT

A JPMorgan Chase & Co. shareholder proposal to split the bank's chairman and chief executive roles -- now both held by Jamie Dimon -- failed to win a majority's support Tuesday.

Assembly OKs clean vehicle carpool-lane access to 2020; Senate next

By Jerry Hirsch — Tue, 21 May 2013 08:36:00 PDT

A bill to extend carpool-lane access for electric cars and other zero-emission vehicles passed the California Assembly by a wide margin Monday.

Best Buy earnings slump on turnaround costs, Super Bowl shift

By Tiffany Hsu — Tue, 21 May 2013 08:00:00 PDT

Best Buy Co. reported a net loss and sliding sales for its first quarter, weakness that the electronics retailer blamed on the costs of its ongoing turnaround and calendar shifts that affected the key Super Bowl selling day.

Home Depot boosts profit, sales as housing market improves

By Tiffany Hsu — Tue, 21 May 2013 09:26:00 PDT

Spring was waiting in the wings longer than expected, but the recuperating housing market was enough to boost Home Depot Inc.’s first-quarter earnings above Wall Street’s expectations.

Yahoo's challenge to be building Tumblr's advertising business

By Jessica Guynn, Los Angeles Times — Tue, 21 May 2013 00:00:00 PDT

Yahoo is aiming to increase ad revenue at the blogging service without damaging Tumblr's credibility with young people.