BUENOS AIRES, Argentina— Argentina's tax agency is charging HSBC with helping more than 4,000 Argentines evade taxes by placing their money in secret Swiss accounts. The AFIP said it got its information from France, where HSBC was placed under formal investigation last week for possibly aiding evasion. The AFIP has charged the local branch of HSBC and its...» Read More
DETROIT-- The largest recall in Toyota's 75- year history could undermine the Japanese automaker's comeback from natural disasters and embarrassing safety problems. Toyota said grease wasn't applied evenly to the switch during production, causing friction and sometimes smoke and fire.
HOUSTON-- Endeavour International Corp. on Wednesday priced its private offering of an additional $54 million of its 12 percent first priority notes due 2018.. The Houston oil and gas company said the notes were priced at 109 percent of par, at a yield worst of 9.436 percent. Endeavor shares fell 53 cents, or 5.7 percent, to $8.83 in afternoon trading.
Analyst Sung Ji Nam said that for now, the major sources of growth for companies including Illumina Inc. and Life Technologies Corp. will be sales of new, more advanced gene-sequencing products and disposable items used in testing, and their biggest clients will remain academic and clinical customers.
Shulman, who was appointed IRS commissioner by President George W. Bush and confirmed by the Senate in March, 2008, will leave the post on Nov. 9. The IRS, in its biography of Shulman, noted that under his tenure the agency has gone from eighth to third out of the 14 largest federal agencies in a rating of the best places to work.
Atlantic City's newest casino took less money from gamblers in September than it did in August. Atlantic City's 12 casinos collectively saw their September revenue fall by 6.3 percent to $276 million compared with September 2011. So far, Revel has not been the catalyst that many in Atlantic City had hoped it would be.
Eight times a year, the Federal Reserve issues the Beige Book, a snapshot of business conditions in each of the Fed's 12 regional bank districts. The Beige Book is updated two weeks before each meeting of the Fed's policymaking meeting in Washington. GDP is the value of all goods and services produced in the United States.
A small Coke bottler in Minnesota says it's stopping production of the bottles, which customers could return to get back a 20- cent deposit. The company in Winona, Minn., had been refilling the returnable bottles since 1932 but said it no longer makes business sense to continue doing so.
NEW YORK-- Shares of several oil refining companies fell Wednesday after Chevron Corp. said its third-quarter results will be substantially lower than its second-quarter earnings.
WASHINGTON-- The nation's capital city is showing off a sleek new design for its subway trains, the biggest visible change to the cars since the system opened in the late 1970 s. Improvements on the new trains will be noticeable to anyone who has traveled the nation's second-busiest subway system.
Stocks fell sharply because of signs of concern from Alcoa and Chevron. Alcoa said it expects a slowdown in China to lower demand for the aluminum it makes. George Gero, a vice president at RBC Global Futures, said a sell-off in gold is unlikely considering low interest rates, tension between Syria and Turkey and the ongoing European debt crisis.
NEW YORK-- Safeway Inc. may give investors a glimpse of how the supermarket chain's new loyalty program for shoppers is impacting sales when it reports its third-quarter results Thursday.
The Beat Generation notables and their poetry-writing, conformity-defying antics come to life in the first production of Kerouac's only play.
NEW YORK-- Endeavour Silver Corp. said Wednesday that it has resolved the work stoppage that blocked its management from accessing certain facilities held under lease near the El Cubo mine in Mexico. Endeavor's U.S. shares rose 24 cents, or 2.6 percent, to $9.37 in afternoon trading. They are up 29 percent from a 52- week low of $7.25 set in mid-May.
NEW YORK-- Not expecting the indie fashion darlings of Rodarte and the in-every-neighborhood coffee retailer Starbucks to be in the same sentence, let alone the same stores? Starbucks Corp. tapped sisters Laura and Kate Mulleavy as its next design partners for a series of limited-edition products for the holiday season.
CHINA BOWS OUT: China's central bank governor and finance minister won't be attending IMF and World Bank annual meetings in Tokyo this week. MORE MINOR OFFICIALS: China's official Xinhua news agency published a report that said China's delegations to the meetings would be headed by a deputy to the central bank governor and a vice finance minister.
SMASHING SUCCESS: Farmers in a stretch of Illinois where most of the nation's pumpkins are grown say their crop is likely to be one of the few successes in a year when severe drought baked most of the nation's heartland.
Caris& Co. analyst Scott Tilghman said in a research note Wednesday that Wal-Mart Stores Inc.' s recently announced plans for same-day shipping is not the threat to Amazon.com Inc. that some perceived it to be. Wal-Mart's program offers fewer products and is being offered in five markets, versus the 10 being tested by Amazon.
FEWER JOBS POSTED: U.S. employers advertised 3.56 million jobs in August, or 32,000 fewer jobs than July, the Labor Department said. That meant about 3.5 unemployed people, on average, were competing for each opening job. In a healthy economy, the ratio is usually 2 to 1..
MADISON, Wis.-- For years, vacationers and farmers across northern Wisconsin and Minnesota have heard the eerie howl of the gray wolf and fretted the creatures were lurking around their cabins and pastures, eying up Fido or Bessie.