Construction employment across the country declined in December by 16,000 jobs versus November.
Read More »Generic drugmakers to FDA: Speed up
A deep backlog at the U.S. Food and Drug Administration is delaying approvals for thousands of generic drugs.
Tagged with: FDA
Read More »Millionaires’ club in Congress exceeds half of members
The milestone comes as Congress is having difficulty approving benefits for people who have less.
Read More »Legal costs thwart big bank’s record 2013 profit
Combined profit at the six largest U.S. banks jumped last year to the highest level since 2006, even as the firms allocated more than $18 billion to deal with claims they broke laws or cheated investors.
Tagged with: Bank of America Corp. Fannie Mae Freddie Mac JPMorgan Chase & Co.
Read More »Growth is lackluster in commercial property sector
National economic uncertainties continued to plague portions of the national market.
Tagged with: commercial real estate
Read More »Commentary: Simpler rules won’t necessarily make banks safer
The complexity of bank capital requirements has made them vulnerable to manipulation. In the rush to embrace simplicity, however, policymakers could inadvertently make safe investments unattractive for banks.
Read More »Tax audits of individuals hit lowest rate since 2005
The percent of individual tax returns audited by the U.S. Internal Revenue Service declined for the second straight year, reaching the lowest rate since 2005.
Tagged with: Internal Revenue Service
Read More »Beanie Baby maker’s tax evasion warrants jail, U.S. says
H. Ty Warner, the billionaire creator of Beanie Babies plush toys, should go to prison for tax evasion, U.S. prosecutors told a federal judge.
Read More »The challenges of hiring for a home-based biz
Setting up home-based offices for employers can produce unique challenges.
Read More »Commentary: Terminations: Self-auditing tips from hiring to firing
The worst thing we can do for ourselves, our staff and our firms in general is to be unprepared for a potential termination.
Read More »JPMorgan ‘failed miserably’ in Madoff case
Manhattan U.S. Attorney Preet Bharara said JPMorgan Chase & Co, which agreed to pay $2.6 billion to resolve criminal and civil allegations it facilitated Bernard Madoff's Ponzi scheme, "failed miserably" as a financial institution.
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