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Senate panel approves major immigration bill
WASHINGTON (Reuters) - The Senate Judiciary Committee on Tuesday approved legislation that would bring about the biggest changes in U.S. immigration policy in a generation, setting up a spirited debate in the full Senate next month.

House panel approves spending cuts, assumes more to come
WASHINGTON (Reuters) - The Appropriations Committee of the House of Representatives made clear on Tuesday that automatic spending cuts will be a recurring nightmare for Washington as it passed a measure to sharply reduce funding for government agencies and programs next year.

Sri Lanka opposition says government threatened to sack strikers
COLOMBO (Reuters) - Sri Lanka's opposition parties and trade unions accused the government on Tuesday of threatening state employees with the sack if they took part in planned street protests against a sharp rise in electricity prices.

The Irish loophole behind Apple's low tax bill
LONDON (Reuters) - Apple's ability to shelter billions of dollars of income from tax has hinged on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs.

Japan exports disappoint, full benefits of weak yen yet to show
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.

Amag investigates anemia drug after report of death in Switzerland
(Reuters) - Amag Pharmaceuticals Inc said its marketing partner in Switzerland, Takeda Pharmaceutical Co Ltd, is recalling a batch of Amag's anemia drug, Rienso, because of a death and several cases of hypersensitivity.

Anarchist jailed for not testifying over 2008 New York blast
NEW YORK (Reuters) - A self-described anarchist from Brooklyn who refused to testify before a federal grand jury thought to be investigating a 2008 bomb explosion in New York's Times Square was sent to jail on Tuesday after being found in civil contempt.

Ex-strategist can sue UBS as whistleblower: U.S. judge
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.

Sony shares hit two-year high on report of spin-off proposal
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.

Senate panel approves sweeping immigration bill
WASHINGTON (Reuters) - The Senate Judiciary Committee on Tuesday approved legislation that would bring about the biggest changes in U.S. immigration policy in a generation, setting up a spirited debate in the full Senate next month.

Dimon clings to JPMorgan chairman title, after fight
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.

Arkansas state treasurer resigns in face of federal charges
LITTLE ROCK, Arkansas (Reuters) - Arkansas' state treasurer resigned on Tuesday, a day after federal authorities charged her with extortion stemming from accusations that she gave a broker state bond business in exchange for repeated cash payments.

Lawmakers move to address U.S. military sex assault problem
WASHINGTON (Reuters) - Lawmakers frustrated by a spate of high-profile military sexual assault cases unveiled draft proposals in the House of Representatives on Tuesday to crack down on the crime, but they stopped short the kind of overhaul sought by some officials.

Charlotte franchise wants to bring back Hornets nickname
(Reuters) - The Charlotte Bobcats want to take a step back in time and restore an old nickname to the city.

Prosecutors consider using racketeering law against SAC: source
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.

Senator pulls same-sex proposal for immigration bill
WASHINGTON (Reuters) - An influential Democratic senator on Tuesday withdrew a proposal to allow U.S. citizens to petition for their same-sex spouses to immigrate to the United States, in an effort to maintain support for a broad immigration bill.

Scandal or not, one SAC investor can't get enough of Steve Cohen
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.

Mexican tycoon Slim seeks funding details of U.S. protest group
MEXICO CITY (Reuters) - A U.S. cellphone company owned by Carlos Slim has asked Californian authorities to investigate the funding behind protests against the Mexican tycoon by lobby group Two Countries, One Voice.

UK opposition party leader says Google tax behavior 'wrong'
LONDON (Reuters) - Google Inc's tax affairs will come under renewed scrutiny in Britain on Wednesday when the leader of the opposition Labor party accuses the Internet company of wrongly going to "extraordinary lengths" to avoid paying tax.

UK coalition to last despite rifts, infighting: Deputy PM
LONDON (Reuters) - Britain's deputy prime minister will take the unusual step of holding a news conference on Wednesday to say the country's two-party coalition will hold together until 2015 as he tries to stabilize a government beset by infighting and rifts.