Economy & Finance

Outgoing IRS chief apologizes for ‘foolish mistakes’

Outgoing IRS chief apologizes for ‘foolish mistakes’

Published 17/05/2013

WASHINGTON (Reuters) - The outgoing head of the Internal Revenue Service apologized on Friday for "foolish mistakes" made at the U.S. tax agency which he [more…]

Representative Camp says IRS scandal has exposed ‘rotten’ tax system

Representative Camp says IRS scandal has exposed ‘rotten’ tax system

Published 17/05/2013

WASHINGTON (Reuters) - A leading congressman said on Friday that an Internal Revenue Service scandal had exposed deep problems with the federal tax system, saying [more…]

How to see the world and ‘arbitrage’ your retirement

Published 17/05/2013

NEW YORK (Reuters) - In the financial world, arbitrage is a trading strategy that earns profit by exploiting price differences between markets. By that definition, [more…]

Column: Business Development Companies – High yield, high risk

Published 17/05/2013

CHICAGO (Reuters) - In a frantic search for yields, investors often turn toward relatively unknown products. Business Development Companies (BDCs) are one of latest vehicles [more…]

ESPN wins exclusive U.S. Open tennis rights in 11-year deal

Published 16/05/2013

(Reuters) - Walt Disney's ESPN sports juggernaut said it signed an 11-year contract to exclusively show all rounds of the U.S. Open tennis tournament on [more…]

Bond guru Gundlach of DoubleLine goes prime time

Published 16/05/2013

NEW YORK (Reuters) - Bond investor and co-founder of DoubleLine Capital LP, Jeffrey Gundlach fancies himself as more than just a fixed-income guru, making successful [more…]

Evidence mounts on slower U.S. economic growth

Published 16/05/2013

WASHINGTON (Reuters) - The U.S. economy showed fresh signs of slower growth in the second quarter, with factory activity slipping in the mid-Atlantic region while [more…]

JP Morgan names Cristerna, Ventresca co-heads of global M&A: memo

Published 16/05/2013

LONDON (Reuters) - JP Morgan has appointed Hernan Cristerna and Chris Ventresca to the newly created roles of co-heads of global mergers and acquisitions (M&A), [more…]

AP records seizure just latest step in sweeping U.S. leak probe

Published 16/05/2013

WASHINGTON (Reuters) - The Justice Department's controversial decision to seize phone records of Associated Press journalists was just one element in a sweeping U.S. government [more…]

Retiring on 0.25 percent a year

Published 15/05/2013

WASHINGTON (Reuters) - It isn't like Federal Reserve Board Chairman Ben Bernanke and his colleagues have it in for old people - I'm sure they [more…]