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Carl Levin

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  • Fewer than 1 percent of large partnerships were audited by the IRS in 2012, compared with 27 percent of large corporations, the GAO said, defining both as having $100 million or more in assets, and in the case of partnerships, 100 or more partners.

  • WASHINGTON, Sept 17- Hackers associated with the Chinese government have repeatedly infiltrated the computer systems of U.S. airlines, technology companies and other contractors involved in the movement of U.S. troops and military equipment, a U.S. Senate panel has found.

  • WASHINGTON, Sept 17- Hackers associated with the Chinese government have repeatedly infiltrated the computer systems of U.S. airlines, technology companies and other firms involved in the movement of U.S. troops and military equipment, a U.S. Senate panel has found.

  • WASHINGTON, Sept 17- Hackers associated with the Chinese government have repeatedly breached the computer systems of U.S. companies, including airlines and technology firms, that are involved in the movement of U.S. troops and military equipment, a U.S. Senate panel has found.

  • WASHINGTON, Sept 16- U.S. lawmakers are considering proposals to deal with a rising number of U.S. companies reincorporating overseas to slash their tax bills.

  • WASHINGTON, Aug 14- A senior U.S. senator said on Thursday he has written to Hospira Inc and urged the drug and medical device maker not to move its tax domicile abroad to save on U.S. taxes.

  • BUSINESS-NEWS-SCHEDULE AT 1830 GMT / 2:30 P M ET Friday, 8 Aug 2014 | 2:38 PM ET

    Pfizer confronts surge of lawsuits over Lipitor. Pharmaceutical giant Pfizer is facing a mounting number of lawsuits by women who say the company knew its blockbuster anti-cholesterol drug Lipitor was linked to a small increased risk of type-2 diabetes but never properly warned the public.

  • Levin's investigators have met with representatives from Goldman Sachs and JPMorgan Chase in recent weeks, according to sources familiar with the matter. Spokesmen for Goldman and JPMorgan declined to comment.

  • WASHINGTON, Aug 7- An influential U.S. senator is encouraging the Internal Revenue Service to stamp out deals that allow companies to relocate their headquarters overseas in search of lower tax rates.

  • WASHINGTON, July 29- Corporations that move their tax domiciles abroad would be denied federal contracts under legislation offered on Tuesday by Democrats in the U.S. Congress, targeting tax-driven deals known as inversions.

  • WASHINGTON, July 29- An attorney at the U.S. Securities and Exchange Commission who once helped craft legislative language for the "Volcker rule" and other major pieces of the 2010 Dodd-Frank financial reform law is returning to Capitol Hill.

  • WASHINGTON, July 21- The head of a powerful U.S. Senate panel has accused Deutsche Bank AG and Barclays Plc of helping hedge funds avoid taxes, calling for tougher action from the authorities.

  • Treasury Secretary Jacob Lew urged Congress on Wednesday to take steps quickly to discourage U.S. companies from moving their tax domiciles abroad to avoid federal taxes. "Congress should enact legislation immediately," Lew told a business conference in New York hosted by cable television channel CNBC.

  • WASHINGTON, July 15- The U.S. stock market regulator should eliminate two pricing models that can create conflicts of interests for brokers, the head of a powerful Senate panel wrote in a letter released on Tuesday.

  • White House to help broke Detroit demolish buildings Friday, 27 Sep 2013 | 10:43 AM ET
    Ruins at the abandoned Packard Automotive Plant are seen in Detroit, Michigan.

    The Obama administration proposed a $300 million aid package to help Detroit demolish buildings, improvement transportation and bolster the police.

  • Police Have Possible Suspect in Ricin Letter: Senator Wednesday, 17 Apr 2013 | 8:57 AM ET
    Sen. Roger Wicker

    Authorities declined to comment on a suspect or any other aspect of the investigation, but a senator says the person under suspicion writes a lot of letters to Senate members.

  • JPMorgan Bet Against Itself in 'Whale' Trade Wednesday, 30 Jan 2013 | 1:44 AM ET

    There is a new twist in the London Whale trading scandal that cost JPMorgan Chase $6.2 billion in trading losses last year. Some of the firm's own traders bet against the very derivatives positions placed by its chief investment office, said three people familiar with the matter.

  • Senate Leaders in Deal to (Sort of) Muzzle Filibusters Thursday, 24 Jan 2013 | 4:07 PM ET
    Mr. Smith Goes to Washington

    The Senate's senior Democrat and Republican reached a tentative agreement to impose modest limits on the filibuster, the delaying tactic that minority parties have long used to kill legislation and was immortalized in the film "Mr. Smith Goes to Washington."

  • WASHINGTON, Oct 25- Two influential U.S. senators on Thursday urged regulators to resolve any differences and finish writing a controversial ban on proprietary trading known as the Volcker rule.

  • Is the High-End Consumer Cracking?  Friday, 11 May 2012 | 12:15 PM ET

    The FMHR traders discuss Senator Carl Levin's remarks on JPMorgan's losses and whether investors should buy Las Vegas Sands on its dip. Michael Binetti, UBS analyst, also weighs in on which retail stocks are a 'buy' or a 'sell.'