Government Regulation

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Herbalife Hit by New York Probe Today, but Who Else Tomorrow?

Herbalife Ltd. (NYSE: HLF) is caught between a rock and a hard place. After news broke this weekend that the company's business model is being probed by U.S. prosecutors and ...
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Canada’s IRS Gets Hacked

The Canadian Revenue Agency (CRA), which performs the same function for the Canadian government that the Internal Revenue Service does in the U.S., announced today that it has been bitten ...
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GM Management Shake-Up Continues

The people in charge of human resources and public relations at General Motors Co. (NYSE: GM) last week are no longer in the driver's seat. Both have left the company ...
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Now Facebook Wants to Be Your Bank

Social media giant Facebook Inc. (NASDAQ: FB) is seeking regulatory approval from the Irish government that would allow the site's users to store money with Facebook and use it to ...
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Herbalife Probes Have Been Going on for Months

Shares of Herbalife Ltd. (NYSE: HLF) plunged about 14% on Friday following a Financial Times report that the U.S. Department of Justice and the FBI have each launched criminal% investigations ...
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How Much Trouble Is GM Really In?

Last December, General Motors Co. (NYSE: GM) stock posted its 52-week high price of $41.85. On Friday, the stock fell below its IPO price of $33 for the first time ...
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Federal Probes of Herbalife Started

The Financial Times reported late Friday afternoon that Herbalife Ltd. (NYSE: HLF) is being investigated by both the U.S. Department of Justice and the FBI. Neither federal agency would comment ...
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S&P Upgrades of GM in Danger

Ratings agency Standard & Poor’s said in a credit FAQ late Thursday that while the 6 million vehicles recalled this year by General Motors Co. (NYSE: GM) will have no ...
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BMW Recalls 500,000 Cars Worldwide

German automaker BMW is recalling about 500,000 cars from model years 2010 to 2011 to fix a problem with the bolts that attach a car's engine-control system housing. The bolts ...
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Tax

Five Easy Ways to Earn Yourself an IRS Audit

Around this time of the year, all of us start to wonder if this is the year the Internal Revenue Service will come to audit. Most of us don't have ...
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GM Ignition Switch

GM Recall Charges Now Up to $1.3 Billion

In yet another blow to the company’s image and profit, General Motors Co. (NYSE: GM) today added the ignition lock cylinder to its recall of 2.2 million older model U.S. ...
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VW Stop-Sale Order — Almost a Month’s Worth of Sales

Volkswagen of America has issued a mandatory stop-sale order on four of its 2014 cars built just this past February. The order applies to Jettas, Beetles, Beetle Convertibles and Passats ...
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HP Pays Large Sum to Settle Foreign Corrupt Practices Act Charges

Paying out $108 million to settle Foreign Corrupt Practices Act charges may sound expensive on the surface, but for a company like Hewlett-Packard Co. (NYSE: HPQ) it may be cheaper ...
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Tax

Is the Corporate Tax Rate Really Hurting the Economy at 35%?

This is a million-dollar question, literally. Maybe even a billion-dollar question, given all the lobbying money being spent on the debate. The United States has a top corporate income tax ...
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Microsoft, Nokia Deal Almost Done

Nokia Corp. (NYSE: NOK) announced Tuesday morning that the sale of virtually all the company's devices and services business to Microsoft Corp. (NASDAQ: MSFT) received approval from China's Ministry of ...
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