Why is Warren Buffet's secretary an honored guest at the 2012 State Union?
The White House released the State of the Union 2012 official special guest list Tuesday afternoon, and the people who have been invited represent different visions of the American Dream.
A slight majority of Americans -- 52 percent -- say they favor raising tax rates on capital gains to match the rate for wage income, according to new poll by The New York Times and CBS.
Republican presidential candidate Mitt Romney, succumbing to public pressure, released his tax returns for the year 2010 and estimated returns for the year 2011, early on Tuesday, according to a Washington Post report. His disclosures show he earned $21.7 million in 2010, for which he paid tax at the rate of 13.9 percent - therefore he paid approximately $3 million in taxes. According to the report, his income will stand at $20.9 million in 2011, for which he will pay tax at the estimated rate ...
If Mitt Romney's 15 percent estimate is accurate, his effective tax rate is below average even among the wealthiest Americans. He may face criticism from his peers among the top1 percent in income as well as the middle class when he releases his 2010 tax returns on Tuesday.
Billionaire Warren Buffett rang in the Year of the Dragon with a musical number on his ukulele on Chinese TV Monday.
Money, cash, baby clothes: that's the life and times of Jay-Z and Beyonce now that newborn daughter Blue Ivy Carter is in the picture, but Jigga was hanging out with some high-rollers last night at the reopening of his 40/40 club in New York City.
Republican presidential candidate Mitt Romney’s admission that his income tax rate was “probably closer to 15 percent than anything” may re-ignite the debate on the lower tax rate for capital gains and carried interest than for ordinary income -- the income category for most typical Americans.
It doesn't matter that some Americans have had enough of the Kardashian family and are actively protesting to take Keeping up with the Kardashians off the air. There are some others who continue to remain hooked! Even legendary investor Warren Buffett isn't, apparently, able to ignore the clan that became famous for reasons nobody really knows any more.
A federal judge refused on Thursday to throw out a lawsuit accusing General Electric Co and its chief executive of misleading investors about the conglomerate's financial health and exposure to risky debt during the 2008 financial crisis.
Berkshire Hathaway's Warren Buffett said he would donate $1 to paying down the national debt for every dollar donated by a Republican in Congress. The only exception is Senate Republican Leader Mitch McConnell -- for whom Buffett said he would go $3-to-$1.
One day in year 2005, a young man called Mark Zuckerberg surprised the world with a new concept called social media service. He called it Facebook, which has grown to have a market value of $100 billion now.
General Electric Co agreed to buy life insurer MetLife Inc's online bank on Tuesday, in a deal that will let GE's capital arm expand its funding base and lessen reliance on wholesale markets.
The World-Herald has about 1,600 employees, including about 650 in Omaha.
General Electric Co jumped into the retail deposits business on Tuesday, buying the online bank from life insurer MetLife Inc in a deal that will let GE's capital arm expand its funding base and lessen reliance on wholesale markets.
Fred Shapiro, a Yale Law School librarian and well-known authority on quotations, just released his sixth-annual list of the most memorable quotations of the year. The top three quotes all deal with statements made by people protesting the income disparity in the U.S. The Occupy Wall Street protesters’ slogan --“We are the 99 percent” – was the list's top quote.
Google Inc and TransCanada Corp announced deals to buy solar power projects on Tuesday, just days after billionaire Warren Buffett made his second major purchase in the sector.
Warren Buffett's MidAmerican Energy Holdings made its second foray into solar energy in as many weeks, saying on Friday it will buy a 49 percent stake in an Arizona power plant from NRG Energy Inc.
New Jersey Nets owner and Russian billionaire Mikhail Prokhorov is planning a presidential run-against Vladimir Putin in the March 2012 Russian Presidential election. For the first time the United States now faces a frightening billionaire gap.
The defense budget is shrinking, but General Dynamics Corp still sees growing demand for its combat vehicles and warships, coupled with unprecedented opportunities to sell its popular Gulfstream business jets in China and other emerging markets.
Investors could reap gains of 15 percent to 20 percent next year by buying top-quality stocks such as MetLife, Comcast Corp and Berkshire Hathaway , Barron's said in its Dec 12 edition.
Several of the richest men in America this week came out in favor of higher taxes for the wealthy, if perhaps grudgingly and with caveats. The idea of billionaires accepting that they need to give up more of what they earn to the government has been slowly worming itself into the American political discourse.
