Former Gov. Mitt Romney paid $3 million in federal taxes on 2010 income of $21.7 million in 2010. That means his effective income tax rate was 13.9 percent -- lower than what the vast majority of wealthy Americans pay.
This year could be an interesting one for Mergers & Acquisitions (M&A) related activities, with the likelihood for improvement in overall deal volumes; although, given the cautious optimism in the global economy, any exponential growth in deals seems far from the reality, according to an expert in the field.
Facebook, one of the many companies that opposed the SOPA bill, contributed $1.35 million to lobbyists last year. The sum pails in comparison to Google, which spent $9.98 million, and Microsoft, which spent $7.34 million over the course of the year.
Apple Inc has been in many ways an unstoppable stock, and that has been even more the case after earnings. Going back eight years, on the day after the release of results, its shares have risen 70 percent of the time.
Eurozone finance ministers have rejected an offer by private bondholders to help restructure Greece's debts, officials said Monday, sending negotiators back to the drawing board and raising the threat of default.
Diamondback Capital Management will pay more than $9 million to settle allegations of insider trading at the Stamford, Connecticut-based hedge fund.
The estate of Lehman Brothers paid $1.33 billion to become majority owner of Archstone, a multifamily landlord of more than 70,000 U.S. apartments, successfully blocking a rival bidder.
Throughout the nominating contest, self-avowed Tea Party backers have oscillated between different candidates as they searched for an alternative to Mitt Romney, helping to drive the rapid ascents of Michele Bachmann, Herman Cain and Rick Perry. The results in South Carolina indicate that those voters coalesced behind Gingrich.
Oil and gas producer Apache Corp will buy privately held Cordillera Energy Partners III in a cash-and-stock deal worth $2.85 billion, part of a plan to expand its holdings of energy-rich reserves in the Midwestern United States.
Highly restrictive abortion laws do not deter women from undergoing the procedure, according to the Guttmacher Institute, which found the rate of unsafe abortions has increased in recent years.
The Reserve Bank of India (RBI) said the growth outlook and business climate have weakened but warned of upward risks to inflation, a day before it is widely expected to keep policy interest rates on hold.
Mali is seeking to raise the state share in mining projects to 25 percent from 20 percent in a proposed revision to the West African gold producer's mining law, a senior official at the state regulator told Reuters on Monday.
Stock index futures edged higher on Monday, after stocks posted their best week in a month as the euro zone debt crisis and the economy showed signs of stabilizing.
Gold prices rose Monday to a six-week high on widespread optimism that recent signs of global economic growth mark a sustainable pattern.
The top after-market NASDAQ Stock Market gainers are: Sears Holdings, Astex Pharmaceuticals, Cogo Group, G-III Apparel Group, Achillion Pharmaceuticals and Tuesday Morning Corp. The top after-market NASDAQ Stock Market losers are: Spreadtrum Communications, NetScout Systems, First Defiance Financial, Ocean Rig UDW, Pacific Biosciences of California and Ancestry.com.
The top aftermarket NYSE gainers Friday were: National Bank of Greece SA, Chesapeake Granite Wash, W.W. Grainger, Beazer Homes USA, Health Management Associates and Imperial Holdings. The top after market NYSE Losers were: Inphi Corp, Spartech Corp, Aeroflex Holding Corp, K-V Pharmaceutical, A.H. Belo Corp and Talbots.
China welcomes the Year of the Dragon with fireworks and hopes that the mightiest sign in the Chinese zodiac will usher in the wealth and power that it represents. Prime Minister Wen Jiabao has stated that the nation will face bigger challenges this year.
Check out the top predictions, as calculated by various astrologers, for the year 2012 and for the five Chinese elements...
German utility RWE expects to issue 1.8 billion euros ($2.33 billion) worth of hybrid bonds in various currencies over the course of this year, effectively rolling over debts maturing in the same amount, in order to maintain its current credit rating.
CIC did not disclose the purchase price.
India's economy will grow at its slowest pace in two years this fiscal year, as tight monetary policy and a logjam in government policy making stifles investment, a Reuters poll showed.
The South Carolina Republican primary is just a few hours away. The scenario cannot be more dramatic than it is now in the Palmetto state. In a roller coaster campaign that saw sharp turns and twists in the top front runners' winning chances, the situation remains as unpredictable as it can be.
