May 12, 2010
Reuters – The U.S. Senate on Tuesday challenged the Federal Reserve’s tradition of secrecy but postponed an overhaul of mortgage finance giants Fannie Mae and Freddie Mac under a massive reform of banking regulations.
Reuters - American International Group raised $6 billion through the sale of its stake in AIA Group, a move that allows the U.S. insurer to repay part of its government bailout.
AP - A former Internal Revenue Service agent whose tax preparation business catered to a wealthy clientele is accused of ordering at least two former customers killed as they prepared to testify against him on fraud charges.
Reuters - Ford Motor Co has decided not to pursue any alliances this year with other carmakers in Europe, where it may lose up to $600 million, even as rival General Motors Co joins forces with France's Peugeot in hopes of riding out the region's debt crisis and ...
ContributorNetwork - MARION, Ill. -- As an employee of the Japanese-owned company Aisin Manufacturing, I see firsthand how something that impacts a country on the other side of the world hits home in the United States.
Reuters - International tax evasion by multinational companies that take advantage of tax-rate disparities among countries is on the rise, according to an international study group.
AP - Electronic payment company VeriFone Systems Inc. said Monday that it lost money during its fiscal first quarter as rising costs wiped out gains from higher revenue. But the quarterly results and full-year forecast beat Wall Street expectations and shares rose in aftermarket trading.
Reuters - The world's most valuable company has turned into a bit of a casino stock.