Search Results for: SEC
Former Qwest CEO’s Forfeited Insider Trading Gains May Be Tax Deductible
March 19th, 2014
A federal court may allow the convicted former chief of a telecommunications company to deduct more than $44 million from his taxes after he was forced to forfeit the amount of stock gains he realized from insider trading. Joseph ...
IMF’s Lagarde to be questioned in court over ‘Tapie Affair’
March 19th, 2014
International Monetary Fund chief Christine Lagarde arrived Wednesday at a Paris court to face more questions over her role in a 2008 arbitration that awarded a massive state payout to controversial businessman Bernard Tapie. It is Lagarde’s third visit ...
Dollar Gains as Stocks Fluctuate With Bonds Before Fed
March 19th, 2014
The dollar gained against most major currencies while Treasuries and German bunds fluctuated with European stocks before the Federal Reserve decides monetary policy. China’s yuan dropped to the lowest in 11 months amid concern that more companies will default ...
Egypt President will ‘spare no effort’ to resolve case of Al Jazeera journalist
March 19th, 2014
Interim Egyptian President Adly Mansour assured the family of imprisoned Australian journalist Peter Greste that he “will spare no effort to work towards the speedy resolution of the case.” Mansour’s pledge was made in a letter to parents Juris ...
China real estate firm at risk of bankruptcy
March 19th, 2014
Another one bites the dust: A Chinese real estate developer is on the verge of bankruptcy, and is expected to default on millions in debt — the latest sign the government is willing to let some pawns fall ...
Japan’s trade deficit drops sharply
March 19th, 2014
Japan’s trade deficit narrowed to ¥800.3B ($7.9B) in February from a record ¥2.79T in January but exceeded consensus of ¥590B. Exports rose 9.9% on year after climbing 9.5%, although the growth missed expectations of 12.4%. Import growth slowed to ...
Multinationals Pay Higher Tax Rates Abroad than in U.S.
March 18th, 2014
Most U.S.-based multinational corporations paid lower U.S. taxes on their domestic profits than they paid to foreign governments on their foreign profits, according to a recent study. The study, released late last month by the advocacy groups Citizens for ...
Londongrad Dealmakers Threatened by Sanctions
March 18th, 2014
Russian companies have made $180 billion in deals globally in the past two years, providing steady profits to London bankers, lawyers, and image crafters as the city has become a hub for such transactions. Sanctions being imposed by the ...
Russia Sounds Alarm on Economy as West Starts With Sanctions
March 18th, 2014
Russia’s economy is showing signs of a crisis, the government in Moscow said as the U.S. and the European Union announced sanctions over its support for the Crimea region breaking away from Ukraine. “The situation in the economy bears ...
Oscar Pistorius trial enters third week; gun dealer says he knew the law
March 18th, 2014
Opening a third week of testimony, a gun dealer said South African Olympic athlete Oscar Pistorius had to know gun safety laws before purchasing his firearms and getting his gun licenses. Sean Patrick Rens, who sold guns to Pistorius, ...
