LA Times Archives - Page 958 of 1124 -
The exchange will pay a $ 10-million penalty. The SEC faults its ‘poor systems and decision-making’ that led to costly trading delays.
NEW YORK — Nasdaq OMX Group will pay $ 10 million for botching Facebook’s initial public stock offering last year, a debacle that shook investors’ confidence in Wall Street.
Despite the continuing growth of online shopping, real estate analysts say they are seeing a modest comeback of traditional bricks-and-mortar stores.
After surviving a brutal recession that saw many chain retailers, restaurants and shops struggle and even go under, Southern California landlords are regaining the upper hand in rent negotiations.
Walt Disney Parks and Resorts Chairman Tom Staggs used the high-profile stage of the All Things Digital technology conference to show off the entertainment giant’s entry into the world of wearable computing — the Disney MagicBand.
Mom still gets lavished with more expensive gifts, but this year, Dad is catching up on affection with expected Father’s Day spending rising 2.1%.
Costa Rican firm Liberty Reserve is accused of laundering $ 6 billion in ill-gotten gains.
NEW YORK — In what was described as the biggest-ever international money-laundering scheme, a federal grand jury has indicted a company on criminal charges that it used “virtual” currency to launder more than $ 6 billion in ill-gotten gains.
The easiest remedy is to abolish the overseas income loophole: impose a single rate on all income earned by U.S. multinationals, with a credit for taxes paid to foreign countries.
Apple Inc.’s success at avoiding billions of dollars in U.S. taxes through some (apparently) legal maneuvers has tax pundits pointing their guns at the corporate tax system. The case has revived numerous hoary cures for the supposed evil of corporate taxes.
Scott London, accused of passing inside information on the accounting firm’s clients to a friend, will plead guilty to a felony charge, a court document says.
A former senior partner at accounting firm KPMG’s Los Angeles office has agreed to plead guilty to a securities fraud charge of passing inside information about the firm’s clients to a friend, who used it to make more than $ 1 million in stock trades.
A rally that brought the stock market to record highs this year came back to life after U.S. home prices rose the most in seven years and consumer confidence reached a five-year high. As stock prices rose investors sold bonds, sending interest rates higher.
About 400,000 of Ford’s popular F-150 trucks with EcoBoost engines are being investigated after complaints that the vehicles can lose power during acceleration.