Search Results for: capital gains
SEC Charges Private Fund Manager
May 22nd, 2014
The Securities and Exchange Commission has charged a Sarasota, Fla.-based private fund manager with defrauding investors in a Ponzi scheme that ensued after he squandered their money on bad investments and personal expenses. The SEC alleges that Gaeton “Guy” ...
Gunmen Storm Libya Parliament as Violence Grips Oil-Producer
May 19th, 2014
A Libyan military police chief said he disbanded parliament after a militia group he backs stormed it yesterday, spreading violence in the energy-rich nation to its capital and sending world oil prices higher. In a televised speech late yesterday ...
Russia’s economy fall sharply in growth
May 16th, 2014
Russia’s economy slowed sharply in the first three months of 2014 as the Ukraine crisis slammed business confidence and investment. Official Russian statistics showed gross domestic product grew by an annual rate of 0.9% in the first quarter. That ...
London’s Latest Boom Is in Billionaires
May 13th, 2014
Tucked into the U.K, the world’s seventh-richest country with an annual GDP of about $2.5 trillion, is an island of rich people with its own subculture, customs, habits and proclivities. London now has more billionaires than any other city ...
Asian Stocks Advance After U.S. Gauges Rally to Records
May 13th, 2014
Asian stocks rose, with the regional benchmark gauge on course for its biggest increase in seven weeks, as investors weighed earnings and after U.S. equity indexes climbed to records. Nissan Motor Co., Japan’s second-biggest carmaker, jumped 5.1 percent after ...
Unemployment rate steady in April for Australia
May 8th, 2014
The unemployment rate has held steady in April against expectations of a rise, according to data from the Australian Bureau of Statistics. The total number of jobs in Australia rose by 14,200 to a seasonally adjusted 11.573 million in ...
Putin Calls On Ukraine Rebels To Put Off Secession Vote
May 8th, 2014
Russian President Vladimir Putin called on pro-Moscow separatists in Ukraine to postpone a vote on secession just five days before it was to be held, potentially pulling Ukraine back from the brink of violent dismemberment. It was the first ...
Billionaire Hedge Funders Made Money the Old-Fashioned Way
May 7th, 2014
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 ...
China Buys Friends and Influences Nations
May 6th, 2014
If you can’t beat them, outspend them. That seems to be the thinking behind a huge new infrastructure investment fund being promoted by China as an alternative to established international lending agencies. It’s a terrible rationale for starting a ...
Tax owed on full sale price where taxpayer won’t provide cost basis information
May 6th, 2014
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 ...
