For decades we have paid for our neglected infrastructure in lost productivity and jobs, but the full bill is coming due.
Read More »Omnicare gets U.S. high court review in securities-fraud case
The justices Monday said they will rule on the types of allegations investors must include in their complaint when they sue over securities registration statements filed with federal regulators.
Tagged with: U.S. Supreme Court
Read More »Pipelines, home owners, credit unions escape Camp’s tax knife
Small oil-and-gas drillers, second-home owners and land conservation advocates ensured that their provisions largely escaped U.S. Rep. Dave Camp’s knife in his ambitious plan to revamp the U.S. tax code.
Read More »Supreme Court opinion doesn’t help Madoff trustee
Madoff trustee Irving Picard is appealing a federal district court decision barring him from suing to recover transfers made more than two years before bankruptcy.
Tagged with: Bernie Madoff
Read More »New tax plan has great ideas, one huge mistake
Rep. Dave Camp, the Republican chairman of the U.S. House Ways and Means Committee, released his tax-reform plan last week. Here are the four best elements of the plan, the three worst – and its biggest missed opportunity.
Read More »Ex-SAC fund manager asks judge to toss conviction
Former SAC Capital Advisors LP fund manager Mathew Martoma asked a judge to throw out his conviction in the most lucrative insider-trading scheme ever, saying prosecutors failed to make a case against him.
Read More »Shareholder class action lawsuits seen at risk
The court will hear arguments Wednesday on a Halliburton Co. appeal targeting the legal doctrine that underlies the vast majority of securities-fraud class actions.
Tagged with: Halliburton Co. U.S. Supreme Court
Read More »Jefferson County to put sales tax renewal on August ballot
Jefferson County will have an issue on the Aug. 5 ballot proposing the extension of a 0.5 percent countywide sales tax for another 15 years.
Tagged with: Jefferson County sales tax
Read More »Commercial real estate market to improve nationally says NAR
Vacancy rates in three of the four national commercial real estate markets are set to improve over 2014, according to the National Association of Realtors' commercial forecast.
Tagged with: commercial real estate
Read More »S&P cites Obama meeting in fraud case records demand
The government seeks as much as $5 billion in civil penalties for losses to federally insured banks and credit unions that relied on the S&P’s claims.
Tagged with: Standard & Poor's Timothy Geithner
Read More »Whistle-blower’s award ruled to be taxable as ordinary income
A U.S. Tax Court judge rejected arguments that the money should be recognized as capital gains and subject to a lower tax rate.
Tagged with: capital gains income tax rates
Read More »