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NEW YORK (AP) — Small companies are taking the limelight on a choppy start to the week.

The Russell 2000, an index of small-company stocks, rose above 1,000 for the first time Monday. The index is outpacing the Dow Jones industrial average and the Standard & Poor's 500 index this year.

Small stocks are doing well partly because they are less exposed to Europe's economic woes than large companies.

The Dow fell 19 points to close at 15,335, a loss of 0.1 percent.

The S&P 500 fell a point to 1,666, or 0.1 percent. The Nasdaq composite fell two points to 3,496, or 0.1...

SACRAMENTO, Calif. (AP) — California would take steps to regulate the sale of medical marijuana under a bill approved by the state Senate.

The measure is intended to restrict dispensaries that federal prosecutors say had grown out of control in California, where voters first supported legalizing cannabis to treat illness in 1996.

Federal prosecutors recently cracked down. They said the industry had become enormously profitable and made marijuana essentially available for recreational use.

The bill makes it clear that dispensaries cannot operate at a profit but that the owners can receive reasonable compensation and expense reimbursement.

Senate President Pro Tem Darrell Steinberg says his...

WASHINGTON (AP) — Computer giant Apple employs a group of affiliate companies located outside the United States to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found.

The world's most valuable company is holding overseas some $102 billion of its $145 billion in cash, and an Irish subsidiary that earned $22 billion in 2011 paid only $10 million in taxes, according to the report issued Monday by the Senate Permanent Subcommittee on Investigations.

The strategies Apple uses are legal, and many other multinational corporations use similar tax techniques to avoid paying U.S. income taxes on profits they reap...

NEW ORLEANS (AP) — A federal judge has dismissed one of the two counts in the indictment of a former BP executive who was charged with concealing information from Congress about the amount of oil leaking in 2010 from the company's blown-out well in the Gulf of Mexico.

U.S. District Judge Kurt Engelhardt cited two reasons Monday for dismissing the obstruction of Congress charge against David Rainey, who was BP's vice president of exploration for the Gulf.

Engelhardt said he dismissed the count because the indictment failed to allege that Rainey knew of the pending congressional investigation he was charged with obstructing.

The...

NEW YORK (AP) — As a teenager, David Karp would canvass the streets of New York City's Upper West Side, offering to build websites for local businesses.

After his freshman year of high school, the savvy kid decided to drop out of high school altogether to devote more time to his passion for technology.

A few years later, Karp built the wildly popular blogging forum Tumblr from his childhood bedroom. And on Saturday, the 26-year-old returned home to inform his mother that Yahoo was buying Tumblr for $1.1 billion.

Mom Barbara Ackerman says "there were a few tears and lots of hugs."

Karp tells...