DALLAS— The IRS wants $3.2 billion to cover back taxes that it says are owed by a prominent Texas businessman and his late brother who the IRS says hid income by setting up overseas trust funds. Stewart Thomas, a lawyer for the Wylys, called the IRS claims "unfair and absurd." At the time of the bankruptcy Sam Wyly listed assets of $100 million to $500 million, but his...» Read More
*Deal would deconsolidate 2.6 bln euros of debt. MADRID, Oct 23- Spanish builder ACS will postpone until at least early 2015 a planned listing of its wind and solar power generating assets, a source with knowledge of the company's plans said on Thursday, joining a growing list of European firms pulling share offerings amid tough market conditions.
Share repurchases have soared since the Great Recession ended, totaling more than $950 billion just in the past two years alone.
Kumar Palghat, Managing Director of Kapstream Capital tells CNBC why corporate debts are a good bet right now.
Microsoft is an unwieldy business and should be broken up, CNBC's Jim Cramer said Friday, and it needs a savior to drive a corporate "miracle" to get the company back on track.
The FDIC on Tuesday will propose a leverage rule requiring big banks to have common equity equal to at least 5 percent of their assets, sources tell CNBC.
The threat of less central bank stimulus and higher interest rates crushed emerging markets more than most recently. And some investors see deals.
Orchard Supply Hardware Stores has filed for Chapter 11 bankruptcy protection, with rival retailer Lowe's Companies set to buy the majority of its assets for $205 million in cash.
Apple and other multinationals that keep money overseas are not doing anything wrong on taxes, opposing political pundits agreed on CNBC. But they clashed on reforms to discourage that practice.
Erik Lueth, Senior Regional Economist at RBS Global Banking & Markets, discusses the fall in gold prices, and predicts where opportunities lie for investors.
Mitsubishi UFJ Financial Group, Japan's largest lender by assets, is in advanced talks to buy U.S. commercial property loans from Deutsche Bank worth about $3.7 billion.
The Bank of Japan will not bankroll government spending, but it has already exceeded self-imposed limits on asset purchases and will continue to do so, in a signal intended to deliver on promises of overhauling policy.
Wook Chae, President of the Korea Institute for International Economic Policy, warns South Korea's President Park Geun-hye must focus on stabilizing the Korean won and boosting domestic growth.
Jeffrey Carr, CEO of U.S. cyber security boutique Taia Global, questions claims that China is solely to blame for cyber attacks on global corporations.
U.S. equity funds are reporting $19 billion worth of inflows this week. Mark Teed, Teed Capital Management, weighs in.
Australia's no.3 iron ore miner, Fortescue Metals Group, is in talks to sell a minority stake in its multi-billion dollar port and rail assets as it looks to cut debt and build new mines in a world of weaker iron ore prices.
Jeffrey Schwartz, Deputy Chairman, Global Logistic Properties says increased revenues in China and Japan as well international expansion plans have amounted to a profitable quarter.
Does being a mother of nine, overseeing investments of over 47 billion pounds, and advocating to get more women in boardrooms at the same time sound implausible?
Two of the best-known business dynasties in Europe and the US will come together after Lord Jacob Rothschild’s listed investment trust and Rockefeller Financial Services agreed to form a strategic partnership, the FT reports.
The risk of a double-dip recession in the U.S. has subsided, but investors should not grow complacent, says John Hailer, Natixis Global Asset Mgmt. president/CEO.