Business

‘Charity … would take on a much larger role if the government did not suck all the air out of the room’

The E.L. James erotica is among the fastest-selling series of all time

Morgan Stanley subpoenaed to examine if bank ‘selectively informed’ clients

The company is seeking a new CEO after the former top executive left amid scandal

‘My husband has to give me permission to get my own line of credit. This is demeaning and flat out unfair’

William Daley: ‘There’s no doubt that there’s been a big diminution of support for the president’

Today is Facebook’s big day

U2 frontman downplays new-found wealth: ‘This boy is not a billionaire or going to be richer than any Beatle’

The price of oil on the futures market and the spot market has been falling rapidly, after rising sharply in the beginning of May, tumbling 21 percent this month. It was only back in February when rapidly rising oil prices produced fears of a prolonged recession and stunted global growth. Many politicians, including President Barack [...]

White House lauds the confirmation of a Republican and Democrat

In an effort to collect tax revenue in ever new and creative way, Congress passed the Foreign Account Tax Compliance Act (FATCA), requiring that all American dollars invested overseas pay a 30 percent tax penalty, creating an “bureaucratic nightmare for fund managers,” according to the Economist. On top of this added tax burden, foreign financial [...]

The Bank of Spain announced that it is looking rescue Bankia SA by taking a controlling share, according to the Wall Street Journal. The move would convert the 4.5 billion euros of bailout funds from the Spanish government to common shares, giving Spanish authorities control of Bankia’s parent company, Banco Financiero y de Ahorros SA [...]

‘This should never have happened. I can’t justify it. Unfortunately, these mistakes are self-inflicted’

French, Greek parliamentary elections and German politics hampering passage of grand bailout

‘When the time comes, I will again insist on my simple principle of cuts and reforms greater than the debt limit increase’

New NLRB regulations were expected to help unions win more workplace elections

An investigation found that Richard Schulze was having a relationship with a female employee and failed to alert the audit committee

Idaho, Texas, Oklahoma and Utah all received top marks for small business friendliness

Yahoo says it is appointing Ross Levinsohn as interim CEO and Fred Amoroso as chairman of its board

Before resigning over the weekend, Scott Thompson told the company’s board of directors that he has thyroid cancer

Ina Drew has left the bank after it sustained a $2 billion loss over the past six weeks

Government potentially losing $25 billion thanks to specialized tax benefit to insurance giant AIG

After the bank reported the trading loss, investors shaved almost 10 percent off the bank’s stock pric

‘Based on the limited information available, it’s attributed to egregious error within JPMorgan, so there is no reason to read across that specific loss to any other bank’

Apple has spent decades strengthening its subtle but powerful grip over Hollywood, and unlike many companies, says it never pays for its products to appear on television or in movies

Anger over appliance giant’s CAIR donations: ‘It’s kind of, in my opinion, asinine to do my business there’

Emil Vicale’s phone hasn’t stopped ringing since his company, Herobuilders.com, released a tanorexic doll earlier this week

Stocks on Wall Street rose at the start of trading on Thursday, as a recent string of losing sessions sent investors looking for bargains