With an eye toward a possible run for the White House, Republican Sen. Marco Rubio signed onto an extensive plan Wednesday to cut taxes for investors, parents and businesses in an effort to spur economic growth and create jobs.
Read More »JPMorgan will pay $50M in homeowner bankruptcy settlement
The U.S. Department of Justice says JPMorgan Chase will pay $50 million to 25,000 homeowners for failing to properly review payment-change notices sent to homeowners who were in bankruptcy.
Tagged with: JPMorgan Chase & Co.
Read More »How Obama action could affect retirement advice from brokers
After years of a Washington dispute over investment advice, the Obama administration is proposing tougher restrictions on brokers who manage Americans’ retirement accounts. The change would put brokers under the stricter requirements for registered financial advisers.
Read More »Yellen says Fed still ‘patient’ on raising rates
Federal Reserve Chair Janet Yellen said Tuesday that the Federal Reserve remains patient in deciding when to start raising interest rates because too many Americans remain unemployed, wage growth remains sluggish and inflation is running below the Fed's target.
Tagged with: Federal Reserve
Read More »Obama calls for tighter rules on retirement account brokers
The Obama administration is proposing tougher restrictions on brokers who manage Americans’ retirement accounts, reigniting a confrontation with the financial services industry over rules affecting trillions of dollars in 401k and other savings accounts.
Read More »Wal-Mart raises could help lift pay in lower-wage industries
The modest raises that Wal-Mart has said it will give its lowest-paid workers provide a glimmer of hope for lower-wage workers in other companies and industries.
Read More »U.S. to fine air bag maker Takata $14,000 per day
The U.S. government will fine Japanese air bag maker Takata Corp. $14,000 per day for failing to fully cooperate in a long-running investigation of faulty and potentially dangerous air bag inflators.
Read More »Judge rules against American Express in antitrust suit
American Express violated U.S. antitrust laws by barring merchants from asking customers to use one credit card over another, a federal judge ruled Thursday.
Read More »GM, opponents make arguments in bankruptcy court over shield
A federal bankruptcy judge this week heard arguments from consumers who are suing General Motors, saying their cars dropped in value because of a defect with its ignition switches.
Read More »Fed officials in no hurry to raise rates
Federal Reserve officials struggled last month to assess when economic data might prompt them to raise interest rates from record lows — and how best to convey their intentions to investors.
Read More »Partner Up: Missouri firms rethink the traditional business structure
Missouri Lawyers Weekly data show that some Missouri firms are rethinking their partnership structure and moving gradually to a more partner-heavy model.
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