As the Obama administration scrambles to tighten tax loopholes, the strategies for dodging income taxes continue to evolve.
The Treasury Department says the federal budget deficit soared to $192.3 billion in March, and is near $1 trillion just halfway through the budget year, as costs of the financial bailout and recession mount.
The executive may rank as highest paid chief on Wall Street, even after taking a 34% cut from the lofty $70 million pay package he took home in 2007.
Genworth Financial Inc. won’t be able to participate in the Department of the Treasury’s Troubled Asset Relief Program.
New jobless claims fell more than expected last week but are stuck at elevated levels, while the number of people continuing to receive unemployment insurance approached 6 million, setting a record for the 10th straight week.
The U.S. trade deficit plunged unexpectedly in February to the lowest level in more than nine years as the steep recession pushed imports down for a seventh straight month while U.S. exports managed a small rebound.
Bank of America Corp. has paid a $4.7 million fine to Massachusetts following an investigation of the bank's marketing and sales of auction-rate securities.
Japanese Prime Minister Taro Aso unveiled an ambitious long-term growth strategy today, vowing to refashion the world's second-largest economy and create millions of jobs, with the first step a massive new stimulus package.
There were fresh signs today that the full force of the recession may be petering out: a strong profit forecast from Wells Fargo, a drop in unemployment benefit filings and several retailers predicting solid April sales.
A report that ranks funds by their carbon footprints may make it easier for advisers to determine which funds are greener than others — but whether it will help green investing become more mainstream remains to be seen.
A wealthy accountant who is the first U.S. citizen charged in a wide-ranging tax probe of Swiss banking giant UBS AG was released from jail Wednesday on $12 million bail.
Faced with the danger of a worsening recession, Federal Reserve policymakers at their March meeting took the bold step of plowing $1.2 trillion into the economy to drive down interest rates and entice Americans to start buying again.
American International Group Inc. said Wednesday that it completed the sale of its retail bank and credit card operations in Thailand for about $45 million in proceeds.
While an index of consumer confidence rose in March, those surveyed still plan to be conservative about spending, according to a report released today.
For most of us, the best alternative to a prescription sleep inducer is a discussion about insurance.
In a customer service satisfaction survey of 17 brokerage firms, discount-brokerage firms scored better in terms of navigating clients through the market downturn last year, compared with larger, full-service brokers, according to Consumer Reports.
Situation: One of your clients wants to make a retirement plan contribution before filing his tax return. He has salary from his job and some self-employment income from a side business.
Sisters of Charity of the Blessed Virgin Mary, Dubuque, Iowa, has filed a civil suit alleging breach of fiduciary duty, breach of trust and unjust enrichment regarding losses from the order’s investment in an SSgA enhanced Dow Jones-AIG Commodities futures strategy.
Lincoln National Corp., which paid off a $500 million debt just yesterday, today said it is considering whether to sell assets in an effort to bolster its insurance businesses.
Active portfolio managers experienced a surge of confidence last week as the Index of Manager Sentiment recorded a record seven-day spike, pushing the index to its highest level in nearly 10 months.
