Business

Will Bankers at JPMorgan Chase Finally Pay for Their Misdeeds?

Will Bankers at JPMorgan Chase Finally Pay for Their Misdeeds?
Will California Attorney General Kamala Harris hang tough in her new lawsuit against JPMorgan Chase, the first to target individual bankers accused of defrauding the public? If so, it would be the first time in five years that executives at a major bank have personally paid a price for their wrongdoings.
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Abercrombie Would Rather Burn Clothes Than Give Them to Poor People

Abercrombie Would Rather Burn Clothes Than Give Them to Poor People
Fed up with Abercrombie & Fitch's douchey elitist policies - no clothes for the chubby or otherwise unbeautiful people, thanks - an L.A. filmmaker has begun a campaign to rebrand A&F clothes by giving them away to the people he knows A&F doesn't want wearing them - the homeless.
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Cambodian Shoe Factory Collapse Kills 2, Injures 7

Cambodian Shoe Factory Collapse Kills 2, Injures 7
The ceiling of a Cambodian factory that makes Asics sneakers collapsed on workers early Thursday, killing two people and injuring seven, in the latest accident spotlighting the often lethal safety conditions faced by those toiling in the global garment industry.
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What Does It Mean to Be An 'American' Corporation?

What Does It Mean to Be An 'American' Corporation?
The hiring by American companies is not happening in the U.S. At the same time these companies are holding $1.7 trillion of profits outside of the country, away from their own shareholders and our economy to avoid their taxes, while pushing to dramatically lower the taxes they pay us.
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How Does Apple Get Away With Paying a 1.9 Percent Tax Rate on Overseas Profits?

How Does Apple Get Away With Paying a 1.9 Percent Tax Rate on Overseas Profits?
In 2012, the computer electronics maker Apple shifted many of its profits overseas, parking $36 billion globally. Yet at the same time, it only paid a 1.9 percent tax rate on these profits. Obviously, this egregious tax dodging has a negative impact on the average taxpayer in the U.S.
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Republicans and Dems Come Together — to Keep IRS From Competing with TurboTax

Republicans and Dems Come Together — to Keep IRS From Competing with TurboTax
A House bill introduced earlier this year would bar the IRS from offering taxpayers software that would compete with programs like TurboTax. In March, Grover Norquist and others wrote a letter to members of Congress that urged them to support the bill — what they called a “pro-taxpayer, anti-IRS power grab legislation.”
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Cell Phone Nation: Can You Live Without Your Mobile Devices?

Cell Phone Nation: Can You Live Without Your Mobile Devices?
On April 3,1973, the first cell phone call was made on a prototype of what would become the Motorola DynaTAC 8000x, by Martin Cooper. Forty years later, 29 percent of Americans describe their cell phone as “something they can’t imagine living without.”
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How To Spot a Fake Grassroots Movement

How To Spot a Fake Grassroots Movement
It turns out that the tea party movement and its calls for "freedom" from government intervention wasn't some organic uprising of community concern after all.
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IRS Wins Big Tax Ruling Against Bank of New York Mellon

IRS Wins Big Tax Ruling Against Bank of New York Mellon
A federal tax court judge Monday ruled that the Bank of New York Mellon had improperly claimed foreign tax credits through a complex deal arranged by Barclays. In the wake of the ruling, BNY Mellon said it will take a charge of $850 million but also said it would appeal.
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The Indestructible Twinkie: Lead Investors Announced

The Indestructible Twinkie: Lead Investors Announced
Citing sources close to the situation it did not name, the Wall Street Journal reported Tuesday that the offer for Twinkies and other snack cakes by C. Dean Metropoulos and Apollo would be for more than $400 million. The report said that the deal could be disclosed as early as Tuesday.
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