NEW YORK, N.Y. - Home Depot Inc.'s first-quarter net income rose 18 per cent, thanks to the ongoing housing recovery, despite a chilly and wet spring.

By Julie Gordon TORONTO (Reuters) - Toronto's mayor, facing allegations that he has been caught on video smoking crack cocaine, saw his dreams of a building a full-service casino in the heart of Canada's largest city dashed on Tuesday, as council voted against allowing any new gaming facilities. Rob Ford avoided any contact …

JPMorgan's Dimon survives shareholder referendum

TORONTO - Some of the most active companies traded Tuesday on the Toronto Stock Exchange and the TSX Venture Exchange:

TORONTO - Signs that the U.S. Federal Reserve may not put the brakes on its aggressive monetary stimulus program any time soon sent North American markets higher Tuesday.

TORONTO - Canaccord Financial Inc. (TSX:CF) said Tuesday that it earned $6.4 million in its latest quarter as revenue increased 23 per cent compared with a year ago.

By Kate Holton and Paul Sandle LONDON (Reuters) - Vodafone boss Vittorio Colao staked his reputation on selling the group's prized stake in U.S. operator Verizon Wireless at the right time and right price, saying on Tuesday he would not bow to pressure to do any deal. Contemplating what could be the world's third-largest …

LONDON - British luxury brand Burberry said Tuesday that rapidly improving business in developing markets was offset by the end of a perfume licensing deal, dragging net profit down 3 per cent for the year.

WASHINGTON - Treasury Secretary Jacob Lew says the Internal Revenue Service's targeting of conservative political groups was "unacceptable and inexcusable" and he has directed the agency's acting director to hold people accountable.

SAN FRANCISCO - Yahoo's CEO is making a $1.1 billion bet on the online blogging forum Tumblr as Marissa Mayer tries to make a former Internet icon cool again.

WASHINGTON - Treasury Secretary Jacob Lew said late Monday he will begin tapping into two government employee retirement funds to buy more time before the U.S. Treasury is faced with the prospect of defaulting on the national debt.

NEW YORK, N.Y. - Britain's biggest theatre group has reached across the Atlantic Ocean and bought the lease to Broadway's largest theatre from Live Nation Entertainment for about $60 million.

Yahoo buying Tumblr for $1.1 billion, vows not to screw it up SAN FRANCISCO/NEW YORK (Reuters) - Yahoo Inc will buy blogging service Tumblr for $1.1 billion cash, giving the Internet pioneer a much-needed social media platform to reach a younger generation of users and breathe new life into its ailing brand. The deal, announced …

WASHINGTON - The world's most valuable company, Apple Inc., employs a group of affiliate companies located in Ireland to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found — and its CEO will be questioned Tuesday.