Congress Splits Over Taxing of Corporate Inversions

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Lawmakers concerned about companies reincorporating overseas to avoid U.S. taxes split along partisan lines over whether legislation should take aim at businesses that have relocated.

Dick's Lays Off More Than 400 PGA Golf Instructors

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A spokeswoman for the PGA of America said more than 400 of its members who were employed as golf instructors at Dick's were notified on Tuesday that they would be laid off.

Apple Reports Strong iPhone Sales, Earnings

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Apple reported its second straight quarter of double-digit percentage growth in iPhone sales as it heads into a major refresh of the company's flagship product.

Kurds Pin Future on Stealth Oil Sales

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Iraqi Kurdistan's recent efforts to sell its oil abroad, which Iraq has declared illegal, show the steep barriers Kurds face in becoming a legitimate player in international energy markets.

Ford Names Lincoln Division President

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Ford Motor named Kumar Galhotra to the newly created post of president of Lincoln to open a "new chapter" for a brand that has struggled to compete in the luxury automobile business.

Electronic Arts Posts Solid Profit Rise

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Electronic Arts reported solid profit growth in its first fiscal quarter, benefiting as consumers snapped up videogames for the latest generation of consoles.

Intuitive Surgical's Second-Quarter Profit Falls

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Intuitive Surgical, which has faced concerns over its robotic-surgery systems, reported another quarter of declining revenue, but its shares jump as results still beat expectations.

Flir Systems Piggybacking on the Smartphone

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Flir Systems Inc. Chief Executive Andy Teich is marrying his security and sensor company's latest thermal-imaging camera to the smartphone to tap into the consumer mass market.

DEA Looking into Safeway's Record Keeping

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The Drug Enforcement Administration is looking into Safeway Inc.'s record keeping related to the theft of controlled substances, the supermarket chain disclosed Tuesday.

United Technologies Shares Slide

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Shares of United Technologies slid in response to weak order growth, disappointing margins and some one-time hits even as the company raised its outlook for the year.

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