Small businesses have been targeted by phone hackers costing them billions last year, reports the New York Times.» Read More
NEW YORK, Oct 17- U.S. states and cities are urging regulators to let banks treat municipal bonds as liquid assets, arguing in a letter that munis are among the safest investments and "highly tradeable." "We urge your agencies to amend your recent decision to not treat municipal securities as High Quality Liquid Assets," said a letter, dated Oct. 16 and signed by...
DALLAS, Oct 7- The Ebola patient fighting for his life in a Dallas hospital is on a ventilator and a kidney dialysis machine to help stabilize his health, the hospital said on Tuesday. Authorities in the United States and the public are on alert following Duncan's diagnosis more than a week ago, which raised concerns that the worst epidemic of Ebola on record could...
WASHINGTON, Oct 7- Federal health officials are preparing to require tougher Ebola screening at U.S. airports this week, Senator Chuck Schumer said on Tuesday. The new measures may include screening air travelers for fever when they arrive in the United States from the worst-stricken countries in West Africa, on direct or indirect flights, Schumer said in a...
WASHINGTON, Oct 2- When the Obama administration clamped down last month on companies that reincorporate abroad to escape high U.S. taxes, it did not address a tax-dodging technique known as "earnings stripping," leaving some to wonder if it is the next target. "I think there's still nervousness about what's going on here," said Michael Hirschfeld, a partner at law...
NEW YORK, Sept 16- Some of the top 20 investors at Salix Pharmaceuticals Ltd are threatening to vote down a proposed deal to buy a unit of Cosmo Pharmaceuticals SpA, and are pressing Salix to consider selling itself instead, people familiar with the matter said on Tuesday.
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.
NEW YORK, Sept 11- U.S. specialty drugmaker Akorn Inc is exploring a bid for Belgian drugmaker UCB SA's U.S. subsidiary, a deal that would allow the company to move its tax domicile overseas in a practice known as inversion, according to people familiar with the matter.
Congress finally returns this week after its long recess and prepares to do what it does best: Absolutely nothing, Politico's Ben White says.
WASHINGTON, Sept 8- The No. 3 U.S. Senate Democrat has circulated a draft proposal to crack down on U.S. companies that invert, or merge with foreign competitors to get lower tax rates, and it would apply to deals as far back as 1994..
WASHINGTON, July 17- The U.S. Senate voted overwhelmingly on Thursday to reauthorize a federal terrorism risk insurance program that was created after the Sept. 11, 2001, attacks.
Plenty of behind-the-scenes maneuvering it taking place to get a huge Chobani shipment sent to Sochi for Team USA.
Everyone wants a smartphone, especially muggers. Law enforcement officials are pressuring the industry to require "kill switch" technology.
Surprise! Washington could be slightly less dysfunctional next year. Keep an eye on the debt ceiling, tax reform and mid-term elections. POLITICO's Ben White reports.
Speaker Boehner said that the GOP would offer a temporary increase in the debt ceiling in return for discussions with Obama on the budget and deficit.
Sen. Chuck Schumer warns that if the market thinks these games are going to become routine, another downgrade is possible.
Sen. Charles Schumer, (D-NY), says he will fight to get the longest term debt ceiling deal possible. "It is the right thing to do for the markets, country, and citizens."
John A. Boehner said the House would not vote to reopen the government without compromises on the health law.
House Republicans huddled on Friday to plot their next move amid a U.S. government shutdown and hopes for a deal to avoid a default.
House Republicans confronting the politically volatile issue of immigration are wrestling with what to do about those already here illegally.
Immigration legislation offering citizenship to millions is swiftly gaining ground following a bipartisan agreement on dramatic steps aimed at securing the border with Mexico.