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European Stock-Index Futures Little Changed Amid Earnings

May 9th, 2014 (0)
European stock-index futures were little changed, after the Stoxx Europe 600 Index climbed yesterday to its highest level in more than six years, as investors weighed corporate earnings. U.S. index futures and Asian shares were also little changed. Publicis ...

What to Do If You Forgot to Pay Taxes

May 8th, 2014 (0)
The IRS got more than 131 million tax returns last month. Was yours one of them? If you forgot, or didn’t file for some other reason, it’s a mistake to do nothing and hope the tax authorities look the ...

Billionaire Hedge Funders Made Money the Old-Fashioned Way

May 7th, 2014 (0)
So Institutional Investor’s Alpha put out its 2013 hedge fund compensation ranking today, and I guess we should talk about it because rich people got paid money and that is fun to gawp at. The obvious thing to say ...

Tax owed on full sale price where taxpayer won’t provide cost basis information

May 6th, 2014 (0)
The Eleventh Circuit Court of Appeals upheld a deficiency notice of more than $5 million against a taxpayer who reported adjusted gross income of $22,921 and taxable income of $13,221 on his late-filed 2006 return (Hoang, No. 13-14398 (11th ...

Samsung to Fight Apple Smartphone Trial Verdict: Lawyer

May 6th, 2014 (0)
Samsung Electronics Co. will challenge a jury’s $120 million award to Apple Inc. in a patent-infringement verdict that was “unsupported by evidence,” a lawyer for the Suwon, South Korea-based company said. Samsung will ask the trial judge and an ...

Oil price increases as Ukraine fear outweighs China data

May 5th, 2014 (0)
The price of oil climbed above $100 a barrel Monday as escalating tensions in Ukraine outweighed a fourth month of contraction in China’s manufacturing. Benchmark U.S. crude for June delivery was up 34 cents to $100.10 a barrel at ...

Court case on streaming TV threatens to cloud our online equality

May 5th, 2014 (0)
American Broadcasting Services v Aereo could potentially be viewed as a human rights issue rather than a copyright dispute It is a very big court case about a tiny object. The American broadcasting industry is ferociously interested in its ...

Tax Is the New Black for Foreign Takeovers

May 2nd, 2014 (0)
U.S. pharmaceuticals company Pfizer has augmented its attempt to buy AstraZeneca, the U.K.’s second-biggest drug maker, with a letter to Prime Minister David Cameron. The missive, as well as reminding us that meddling politicians still view takeovers as being ...

Energy Future Packs Three Courtrooms at First Hearing

May 2nd, 2014 (0)
It took three courtrooms to accommodate the lawyers, advisers and observers gathered for the first hearing in Energy Future Holdings Corp.’s bankruptcy in Wilmington, Delaware. That still left the main courtroom with standing room only. Given the clamor over ...

Google Sued Over Claims for manipulating the market

May 2nd, 2014 (0)
Google Inc. (GOOG) was sued for allegedly abusing its market power by forcing handheld device makers that use its Android operating system to also provide the search engine company’s applications. Google’s requirements that manufacturers such as Samsung Electronics Co. ...
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