UNITED STATES

IBTimes Logo

More tax cases vs wealthy, U.S. banks

The U.S. government is stepping up prosecutions of wealthy individuals dodging taxes through off-shore accounts, with new cases expected to be made public every couple of weeks, a top government attorney said on Saturday.

Government steps up prosecution of U.S. tax evaders

IBTimes Logo
The U.S. government is stepping up prosecutions of wealthy individuals dodging taxes through off-shore accounts, with new cases expected to be made public every couple of weeks, a top government attorney said on Saturday.

Fed to work with lawmakers on naming borrowers

IBTimes Logo
The Federal Reserve is willing to work with U.S. lawmakers on ways to release names of companies that borrow from the central bank after a time lag so the disclosures do not disrupt markets, a Fed official said.
More news
IBTimes Logo

Obama accuses Iran of evasion before Geneva talks

President Barack Obama said on Saturday the discovery of a secret nuclear plant in Iran showed a disturbing pattern of evasion by Tehran which added urgency to its Oct 1. talks with world powers.
IBTimes Logo

G20 faces credibility test on markets, climate

The Group of 20 rich and developing economies, fresh from a triumphant show of unity at Pittsburgh, faces months of deal-making and communication to markets that will test its credibility as the premier global forum for economic cooperation.
IBTimes Logo

Upbeat G20 faces credibility test on markets, climate

The Group of 20 rich and developing economies, fresh from a triumphant show of unity at Pittsburgh, faces months of deal-making and communication to markets that will test its credibility as the premier global forum for economic cooperation.
IBTimes Logo

U.S. consumers say spending habits changed for good

A majority of U.S. consumers say they have permanently changed their spending and savings habits in response to the global financial markets crash and recession, according to a Citigroup survey released on Friday.
IBTimes Logo

California sets biggest energy efficiency plan

California said it had approved the most aggressive energy efficiency plan among U.S. states on Thursday, earmarking $3.1 billion to retrofit homes and other programs that will cut power needs equivalent to three medium-sized power plants.
IBTimes Logo

Aussies quicker to spend than Americans

The study, conducted by ANU economist Professor Andrew Leigh from the Research School of Social Sciences, used results from the most recent ANU Poll, which surveyed a random sample of households.
IBTimes Logo

G20 upbeat on economy, pledges financial reforms

The Group of 20 rich and developing nations promised to give rising powers such as China more say in rebuilding and guiding the global economy, and declared their crisis-fighting efforts a success on Friday.
IBTimes Logo

Shanda Games tumbles 14 pct after $1 bln IPO

Shares of China's top videogame company Shanda Games Ltd fell 14 percent on Friday in one of the worst trading debuts of the year, the latest indication that while the IPO market may be recovering, investors are still selective.
IBTimes Logo

Fidelity National to sell unit to cut debt

Fidelity National Financial Inc, which controls one of the largest U.S. title insurers, said it will sell Fidelity National Capital Inc to Winthrop Resources Corp, a unit of TCF Financial Corp, to lower debt
IBTimes Logo

Freddie Mac details new CFO pay amid bonus outcry

The chief financial officer of government-controlled mortgage finance company, Freddie Mac's, will start his new job with annual pay of up to $3.5 million and a nearly $2 million signing bonus, the company said in a regulatory filing late Thursday.
IBTimes Logo

Bank of America rejects SEC claims in bonus suit

Bank of America Corp formally denied U.S. Securities and Exchange Commission claims accusing it of misleading shareholders about bonuses it let Merrill Lynch & Co pay employees before the companies' January 1merger, and said it is seeking an order dismissing the regulator's complaint.
IBTimes Logo

Penn. orders Cabot Oil to shut natgas fracturing

Pennsylvania regulators said on Friday they ordered Cabot Oil & Gas Corp (COG.N) to stop all hydraulic fracturing operations at company natural gas wells in Susquehanna County following three recent chemical spills.
IBTimes Logo

Cheaper US pork seen as supply remains abundant

Financially stricken U.S. hog producers are cutting back on supply in a bid for profits but consumers will continue to get plentiful pork at grocery stores well into next year, analysts said on Friday.
IBTimes Logo

G20 declares victory over crisis

The Group of 20 rich and developing nations declared their crisis-fighting efforts a success on Friday and promised to give rising powers such as China more say in rebuilding and guiding the global economy.
IBTimes Logo

Daily Wrap Up - Sept. 25 Tech

Twitter closed a new round of funding on Friday with five investors including mutual fund giant T. Rowe Price and private equity firm Insight Venture Partners, underscoring growing investor interest in the three-year-old Internet microblogging service.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.