Some 7,500 international tax dodgers have applied for an amnesty program that promises no jail time and reduced penalties for tax cheats who come forward, the IRS announced Wednesday.
The industry effort to regulate financial planning as a profession has support from within — but it won't escape opposition from other sects of the financial services community, several industry leaders said today.
The U.S. and Swiss governments have agreed on most major disputes in Washington's effort to get names of thousands of wealthy Americans suspected of evading taxes by hiding billions in assets with Swiss banking giant UBS AG.
Excluding auto sales, retail demand rose 0.2%, half of the expected 0.4% rise.
Investors pushed back into the stock market a day after a slide as earnings reports boosted confidence about the pace of a recovery in the economy.
Rising oil prices could imperil a modest increase in crude demand and the recovery of the global economy, the International Energy Agency said Thursday as it raised its outlook for oil demand this year.
Total money market mutual fund assets fell by $3.68 billion to $3.335 trillion for the week, the Investment Company Institute said Thursday.
Stocks are rising in early trading as investors anticipate interest rates will remain low for some time.
The Securities and Exchange Commission would be required to issue rules prohibiting or limiting mandatory arbitration clauses in securities contracts under draft legislation introduced this week by Senate Banking Committee Chairman Christopher Dodd, D-Conn.
