Money

Billion dollar fine in 1MDB scandal: Goldman Sachs pleads guilty

MORE NEWS THIS CATEGORIES

EU rules Apple must pay up to 13B euros in back taxes

As I point out at the beginning of my Forbes post on this subject-I am not an economist and I am not a tax professional. Those tax policies amounted to "illeg...

Oil prices rise on US weather fears, OPEC speculation

A stronger dollar makes commodities denominated in the greenback less affordable for holders of other currencies. When oil nears $50, USA shale drillers will ...

A look at companies the European Union is chasing for back taxes

But others applauded the crackdown on what they described as a "race to the bottom" by individual nations offering lower tax rates than their neighbors. Ireland...

Most Voters Think Clinton Would Help Minorities More Than Trump

The picture in Pennsylvania is largely consistent with national political trends in 2016. In Iowa Trump blamed what he said were the failed policies of the De...

Facing Criticism, Mylan Offers a Cheaper EpiPen

That would mean Mylan would get to pocket nearly 10% more than they otherwise would. Since the drug manufacturer, Mylan , purchased EpiPen in 2007, the p...

Theresa May: No Referendum or Election on Brexit Deal

The prime minister has also ruled out holding a general election after a Brexit deal has been completed. "The prime minister is very clear there will be no se...

Obamacare is "very near collapse", insurance commissioner says

Two of the biggest problems for the exchanges have been the lack of young people signing up for insurance, which helps offset higher-cost patients, and generall...

Hurricane Watch issued for Gulf Coast

A tropical storm watch was issued for an area west of Indian P ass to the Walton/Bay County line. Whether the storm makes landfall or not, hurricane-force winds...

Sensex regains 28K level, climbs 177 pts in early trade

Later, Fed Vice Chair Stanley Fischer told CNBC Yellen's comments were in keeping with expectations of a rate hike this year, while Atlanta Fed President Dennis...

Parliament 'will have its say on Brexit process'

The Prime Minister has also stamped down on speculation that she could hold a general election before 2020. New British Prime Minister Theresa May speaks to...

Government Will Seek To Appeal Apple Tax Ruling

Ireland has been seeking to attract multinationals by offering extremely favorable tax conditions, known as sweetheart deals, but EU Competition Commissioner Ma...

White House sees a path to approved TPP

The expected meeting between Obama and Duterte would take place in Laos, where the two leaders will be attending a summit of leaders from Pacific Rim nations. A...

Los Angeles developer buys iconic Tribune Tower in Chicago

Tribune Media will receive $205 million at closing and another $35 million contingent on meeting conditions it didn't disclose, according to a statement Tuesday...

Lawsuit: Chipotle Forces Employees to Work Without Pay

He recalls her saying, "Don't worry about it". In 2014, The New York Times quoted David Weil , a director of the Department of Labor's federal wage and hour di...

Another British backpacker dies after brutal attack in Australia

Jackson's father Les, who had flown from the United Kingdom last week to be by his son's side, said he was immensely proud of his son's actions. "I will love ...

Ex. Illinois Gov. Quinn unveils redistricting reform plan

He would have the Supreme Court, which already has a role in the redistricting process, appoint an 11-member commission to draw a new map every 10 years after...

Cyber security firm Palo Alto's quarterly revenue jumps 41 pct

Indeed, earnings growth is among the most important things to look in regards to stock investing and, accordingly, investors seek companies who have been succ...

Global stocks rise as investors weigh future of US rates

Spot gold was down 0.3 percent at $1,318.77 an ounce at 1400 GMT, while USA gold futures for December delivery were down $6.10 an ounce at $1,321.10. "While t...

Turkey Should Talk to Kurds Instead of Using Military Force in Syria

Operations against militants in the area were continuing, the Turkish military said in a statement, without specifying who had fired on the tank. The United S...

US Trade Deal Won't Happen This Year: Francois Hollande

But he too said it would be hard to reach a deal before Obama left office at the end of the year. USA president Barack Obama's term comes to an end in January...

Stockman Asset Management buys $2148543 stake in Occidental Petroleum Corporation (OXY)

The stock is down 0.36% or $0.2 after the negative news, hitting $55.06 per share. According to the Last Earnings Report, Schlumberger N.V. reported Actual EP...

United States shares slip on Fed rate hike worries; dollar climbs

Federal Reserve Chair Janet Yellen painted a rosy picture of the U.S. economy at an economic symposium on Friday and said the case for a rate hike was strength...

Japan pledges $10B for African infrastructure

In this respect, Tokyo will cooperate with the African Development Bank (AfDB) to boost private sector investment on the continent struggling with intermitten...

Yen holds losses before next clue on Fed rates from jobs data

Labor Department monthly jobs data, being released Friday, for signs on whether a U.S. recovery is on solid footing. The two-year Treasury yield dropped four ...

Tesla may punish people who don't pay attention when they're in Autopilot

Tesla's autopilot now issues safety reminders on the dashboard to users while they are driving. Going by the rumors, Autopilot users will be given the ability t...

New drone rules seen as opening up robust business uses

Previously the FAA had announced that commercial drones had to weigh less than 55 pounds and fly under 400 feet. The FAA regulations say commercial drone op...

Hillary told so many lies on emails

Go tolatimes.com/news/politics/topoftheticket/ to see more of his work. The announcement came a day after Trump said he would crack down on illegal immigrants...

There they are: 52 Miss America contestants in Atlantic City

In February, the state Casino Reinvestment Development Authority announced a three-year contract with the Atlantic City-based Miss America Organization providin...

Union makes proposal to Icahn that it says will save Taj

Tony Rodio, President and CEO of Tropicana Entertainment, operator of Tropicana Casino, owned by Icahn and which has been managing the casino through a subsidia...

Bond bulls stay cold to new RBI governor

Patel, who replaces Raghuram Rajan as the head of the central bank, is now the deputy governor responsible for the RBI's inflation-targeting monetary policy fra...

Jerry Rice condemns Kaepernick for disrespecting the flag

What's really going on in this country. In a statement released by the National Football League in wake of these events, the NFL says players are "encouraged"...

Oil prices extend gains on Saudi oil minister's comments

As The Wall Street Journal reports, "A lack of an oversupply would eliminate a central truth of the oil market for the past two years, when prices collapsed b...

Apple Owes Ireland $14.5 Billion In Taxes, European Commission Says

They do. The European Commission says it's not interfering with members' rights to set their corporate tax rates, but that it should help protect countries from...

US Treasuries trade modestly lower after Fed Vice Chair Fischer comments

France's CAC 40 added 0.4 percent to 4,441.93 and Germany's DAX rose 0.7 percent to 10,621.31. Nasdaq 100 e-minis were down 8.5 points, or 0.18 percent, on vo...

Dollar shy of highs as investors await U.S. employment cues

US shares were set for a quiet open, with Dow and S&P 500 futures both unchanged. While the dollar may climb in the near term on expectations of a USA rate in...