Apple's tax strategies came under harsh scrutiny Tuesday in the Senate, where lawmakers are finding it far easier to call for a simpler tax code than to produce one.

U.S. senators have accused Apple, the world’s most profitable company, of also being the world’s biggest tax avoider, as congressional investors yesterday laid out how the technology giant has jumped through tax loophole after loophole in order to save some $44 billion of otherwise taxable income. Today they’ll follow up by grilling Apple CEO Tim Cook on Capitol Hill. Aside ...

Cavaliers get the magic numbers once again, move from third to first in draft order. 2013 NBA Draft Lottery order The final order of next month's top 14 selections in the NBA draft. In parentheses is the percentage chance the team had of winning the No. 1 pick. 1. Cleveland Cavaliers (15.6) 2. Orlando Magic (25.0 percent) 3. Washington Wizards ...

Charlotte Bobcats owner Michael Jordan is changing his team's name to the Hornets, said a person familiar with the situation. The person said Jordan...

Cavaliers get the magic numbers once again, move from third to first in draft order. 2013 NBA Draft Lottery order The final order of next month's top 14 selections in the NBA draft. In parentheses is the percentage chance the team had of winning the No. 1 pick. 1. Cleveland Cavaliers (15.6) 2. Orlando Magic (25.0 percent) 3. Washington Wizards ...

SEATTLE (AP) -- Investor Chris Hansen has congratulated Sacramento mayor Kevin Johnson on his efforts to keep the Kings in California, while also vowing to keep up his pursuit of getting the NBA back to Seattle.

Memphis Grizzlies seek to even series with San Antonio Spurs.

Grizzlies not panicking as Game 2 against Spurs approaches Houston Chronicle Copyright 2013 Houston Chronicle. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 10:25 pm, Monday, May 20, 2013 SAN ANTONIO - Zach Randolph's miserable Western Conference finals debut led to a sleepless night and a long film session. After last year's West finals, the ...

Douglas Shulman, the former commissioner of the Internal Revenue Service, said today he was “dismayed and saddened” that his agency had improperly targeting conservative groups, but declined to offer a direct apology and dismissed suggestions that he mislead Congress. The testimony from Shulman, who was...

President Obama can claim to have killed Osama bin Laden. He can reasonably take credit for helping to avert a second Great Depression. But Obama has yet to master his management of the federal government, as shown this month by the disturbing revelations about the IRS targeting Tea Party groups, the Justice Department hunting for leakers by seizing Associated Press phone ...