The crime of stealing tax refunds through identity theft is “no longer exploding,” U.S. Internal Revenue Service Commissioner John Koskinen said Tuesday.
Read More »AIG lawyer has an upset shot in bailout case
Lawyer David Boies has a shot at an upset win in the trial of Maurice “Hank” Greenberg’s $25 billion bailout case against the U.S. government, a turnaround from the weak odds he was given just a month ago.
Read More »Record Wall Street money flows to Republicans in pricey midterms
Most of America isn’t interested in this week’s elections. Wall Street is an exception.
Read More »Lawmakers said to discuss post-election deal to lock in tax cuts
Some U.S. lawmakers are exploring a post-election deal that would lock in permanent tax cuts for major corporations and low-income families.
Read More »BofA’s mortgage settlement stalls over SEC policy fight
A final piece of Bank of America Corp.’s record $16.7 billion toxic-mortgage settlement is being held up by an internal fight at the U.S. Securities and Exchange Commission, said four people familiar with the case.
Read More »GM recall costs rise as lawsuits multiply
General Motors Co. said recall and car-loan charges for this year rose 8 percent to $2.7 billion, as the company is hit almost daily with new lawsuits over the call-ins.
Read More »Facebook’s Zuckerberg sues lawyers over bogus ownership case
Facebook Inc. and Chief Executive Officer Mark Zuckerberg sued DLA Piper LLP and other lawyers they claim colluded with Paul Ceglia in a fraudulent multibillion-dollar claim to half the social network.
Read More »Yellen says she’s ‘greatly’ concerned by growing inequality
Janet Yellen thrust the Federal Reserve into the debate on inequality in America, saying she’s “greatly” concerned by the most sustained rise in U.S. wealth and income inequality since the 19th century.
Read More »Health-care law refutes prediction of corporate cost increases
Three years later, with the Patient Protection and Affordable Care Act in effect, none of the most dire predictions has come to pass.
Read More »GM hit with record $10 billion lawsuit for losses
General Motors Co. was hit with its biggest lawsuit so far over serial recalls, brought on behalf of drivers of 27 million vehicles seeking more than $10 billion in compensation for fallen car prices.
Read More »Questions linger for executives in AIG trial
The trial over the American International Group Inc. bailout shifts this week from the architects of the 2008 rescue, who spent days testifying as to why they imposed the terms they did on the ailing insurer, to the executives who accepted their demands.
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