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*IRS allowed to keep program intact for now, judge orders. Feb 1- A U.S. judge on Friday modified an earlier order and said the Internal Revenue Service does not have to shut down a new program for registering and testing tax preparers, but he also said preparers need not take IRS tests or pay related fees.
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AUGUSTA, Maine-- A jury has awarded a northern Maine woman $525,000 in her lawsuit against State Farm Insurance Co., which disputed her claims that she injured her back in a car accident. Berman and Simmons law firm says a Kennebec County Superior Court jury on Thursday awarded the money to 56- year-old Lynne Porter, of Patten.
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NEW YORK, Jan 31- The U.S. Justice Department has added a former top executive at Countrywide Financial Corp as a defendant in a lawsuit accusing Bank of America Corp of causing taxpayers $1 billion in losses to Fannie Mae and Freddie Mac. Rebecca Mairone was added as a defendant in an amended civil lawsuit dated Jan. 11 and filed in U.S. District Court in New York.
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LONDON, Jan 31- UK lawmakers grilled senior tax officials from leading accounting firms on Thursday over their role in helping big companies avoid tax, and said they could be banned from government contracts because of their tax work.
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LOS ANGELES-- A lawsuit by a Southern California Christian school against two former teachers who refused to provide proof of their faith could pose one of the first court tests of a U.S. Supreme Court ruling on religious freedom.
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NEW YORK, Jan 25- A judge on Friday approved a plan by bankrupt law firm Dewey& LeBoeuf to foot some of the cost of destroying old client files, a bill that could ultimately reach almost $1.4 million.
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HONG KONG, Jan 24- A Chinese mining equipment company at the centre of an alleged accounting fraud was also involved in a web of insider loans and asset transfers prior to its purchase by Caterpillar Inc., public filings show.
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Sources close to the committee said the tax advisors would likely receive a harsh grilling, akin to that meted out to executives from Google, Amazon and Starbucks in November, when the three were accused of engaging in "immoral" tax avoidance.
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LONDON, Jan 21- The European Union's markets watchdog has told companies and their accountants they will be named publicly if they fail to write down goodwill impairments properly in their latest results.
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*Cases address chemical weapons law, Stanford Ponzi case. Jan 18- The U.S. Supreme Court on Friday agreed to hear four new cases, addressing matters as diverse as the reach of a law designed to combat chemical weapons, and whether lawyers could be sued for having once represented convicted swindler Allen Stanford.
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Jan 14- Peregrine Financial Group's former chief executive, who pleaded guilty to embezzling more than $100 million from customers of his futures brokerage, will be sentenced on Jan. 31, according to court documents filed on Monday. Russell Wasendorf Sr., 64, who founded the now-defunct firm,. The Jan. 31 hearing is in U.S. District Court in Cedar Rapids, Iowa.
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*Toyota shares rise 2.7 pct in Tokyo. DETROIT, Dec 26- Toyota Motor Corp has agreed to spend $1.1 billion to settle sweeping U.S. class-action litigation over claims that millions of its vehicles accelerate unintentionally, as the Japanese automaker seeks to move past the biggest safety crisis in its history.
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Toyota Motor plans to spend $1.1 billion to resolve sweeping U.S. class-action litigation over claims that millions of its vehicles accelerate unintentionally, as the Japanese automaker looks to turn the page on the biggest safety crisis in its history.
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DETROIT, Dec 26- Toyota Motor Corp has agreed to pay as much as $1.4 billion to settle U.S. litigation claims that its vehicles suddenly and unintentionally accelerated, according to court filings made public Wednesday.
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SAN FRANCISCO, Dec 24- Facebook's Instagram photo sharing service has been hit with what appears to be the first civil lawsuit to result from changed service terms that prompted howls of protest last week. "We believe this complaint is without merit and we will fight it vigorously," Facebook spokesman Andrew Noyes said in an e-mail.
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SAN FRANCISCO, Dec 24- Facebook's Instagram photo sharing service has been hit with what appears to be the first civil lawsuit to result from changed service terms that prompted howls of protest last week. Facebook representatives could not immediately be reached for a comment.
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*Shares fall 3.9 pct on Toronto Stock Exchange. TORONTO, Dec 17- Sun Life Financial Inc will sell its U.S. annuity business for $1.35 billion to a firm connected to Guggenheim Partners in a deal that should reduce the exposure of the insurer's earnings to market swings and boost its cash levels.
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Dec 13- When associates at New York law firm Weil, Gotshal& Manges learned about their annual bonuses last month, the details came as a bit of a jolt- not because of the amount, but rather on account of the timing. While the $10,000 to $60,000 bonuses were close to the legal industry norm this year, many associates at the 1,200- lawyer firm were not happy.
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*Detailed U.S. revenue accounting rules going away. *Change is part of effort to meld US, international rules. NEW YORK, Dec 12- The scandal at Autonomy, a UK software group bought last year by Hewlett-Packard Co, has some accountants wondering about the wisdom of new, global standards in the pipeline that would change how companies account for revenue.
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*U.S.- China accounting dispute threatens to escalate. SINGAPORE/ NEW YORK, Dec 7- A dispute between U.S. and Chinese regulators over access to corporate audit documents is casting a lengthening shadow over U.S. stock markets, with some major U.S. firms now concerned that they could be drawn into a potential accounting crisis.