WASHINGTON— Depending on the sector, June was either a great month for job growth or a lackluster one. Leading the way with 64,000 added jobs was professional services, which includes accountants, engineers and office temp workers. The unemployment rate fell to 5.3 percent, the lowest level since April 2008.» Read More
WASHINGTON, Jan 13- MetLife said it would file on Tuesday a lawsuit against regulators subjecting it to tougher oversight, challenging their verdict the firm harbors enough risk to endanger the financial system in a crisis. The designation of MetLife as a so-called "systemically important" company would make insurance products more expensive without...
WASHINGTON, Jan 13- MetLife said it would file on Tuesday a lawsuit against regulators subjecting it to tougher oversight, challenging their verdict the firm harbors enough risk to bring down the financial system in a crisis. The designation of MetLife as a so-called "systemically important" company would make insurance products more expensive without...
Jan 12- Privately held 23 andMe Inc said Pfizer Inc would have access to its research services, helping the pharmaceutical giant better understand the lupus disease. About 5 million people worldwide have a form of lupus, according to the Lupus Foundation of America. Pfizer is already partnering with the company to study genetic factors associated with the...
NEW YORK, Jan 12- Two federal prosecutors who have led several high-profile fraud cases, including the government's criminal investigation of Bernard Madoff, are leaving the U.S. Justice Department to join prominent law firm Boies, Schiller& Flexner, according to an announcement Reuters reviewed before its public release. Matthew Schwartz and John Zach, who...
Jan 12- Former federal prosecutor David O'Neil will join law firm Debevoise& Plimpton as a partner in its Washington office, the New York Times reported. The law firm is expected to announce the hiring on Monday, the paper said. O'Neil joins Debevoise two years after Mary Jo White left the firm to become chairwoman of the Securities and Exchange Commission, while...
SINGAPORE, Jan 8- Singapore is updating guidelines on an accounting practice mired in controversy for helping multinational companies minimize their tax bills, as the city-state moves more in line with a crackdown by Western governments on aggressive tax avoidance. International taxation has come under scrutiny since a quirk of "transfer pricing" was found...
A consumer rights law firm said it filed a lawsuit against Google alleging the company "illegally monopolized" the Internet and mobile search market.
A drive by some cities to cut costly police retirement benefits has led to an extraordinary face-off between local politicians and the law enforcement officers.
A unit of British bank HSBC was hit with a record $2.46 billion final judgment in a U.S. securities class action lawsuit on Thursday.
The IRS said that it has stopped initiating new asset seizures from tax delinquents during the government shutdown.
Morningstar said personal information, including credit-card details, of about 2,300 customers may have been compromised due to a security breach last year.
Google and its auditor Ernst & Young will be called again to a British parliament committee to testify on tax and inconsistencies in the way Google portrays its activities in Britain.
In a blow to one of the world's largest accounting firms, KPMG said it resigned as auditor of two U.S. corporations amid an FBI investigation into insider trading allegations.
KPMG said late on Monday it had fired a senior partner in the accounting firm's Los Angeles office for allegedly providing inside information to an unnamed third party.
A group of shareholders in Royal Bank of Scotland has launched a multi-million pound lawsuit against the state-owned bank for misleading investors at the height of the credit crisis in 2008.
A Manhattan federal judge on Monday signaled he will not rubber-stamp Citigroup's proposed $590 million settlement of a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets.
As if audits aren't painful enough -- there's a lot the IRS won't tell you. Check out these tips from a former IRS agent.
You think you've got it bad - your manager has it really tough. In this new book, the authors explain what managers are good for ... and why we should cut them some slack.
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.
Follow these rules and you'll greatly reduce the chance that you financial adviser turns out to be a disaster, or, worse, a crook.