A New York jury has found a once-prominent U.S. corporate executive guilty of insider stock trading, convicting him of secretly giving key business information to a friend who used it to make profitable investments. After deliberating for two days, the jury Friday convicted Calcutta-born Rajat Gupta of four counts of securities fraud and conspiracy, while […]
US Corporate Executive Guilty in Stock Trading Case
Posted June 15th, 2012 at 1:45 pm (UTC-5)
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Obama Pushing for Corporate Tax Reform
Posted February 22nd, 2012 at 2:00 pm (UTC-5)
U.S. President Barack Obama aims to cut the country’s corporate tax rate from 35 to 28 percent, while eliminating dozens of tax-saving deductions American companies now enjoy. Treasury Secretary Timothy Geithner unveiled the tax overhaul Wednesday, two days before a tax proposal being offered by one-time venture capitalist Mitt Romney. He is one of the […]
Obama Pushing for Corporate Tax Reform
Posted February 22nd, 2012 at 12:10 pm (UTC-5)
U.S. President Barack Obama aims to cut the country’s corporate tax rate from 35 to 28 percent, while eliminating dozens of tax-saving deductions American companies now enjoy. Treasury Secretary Timothy Geithner unveiled the tax overhaul Wednesday, two days before a tax proposal being offered by one-time venture capitalist Mitt Romney. He is one of the […]
Obama to Push for Corporate Tax Reform
Posted February 22nd, 2012 at 11:10 am (UTC-5)
U.S. President Barack Obama is looking to cut the country’s corporate tax rate from 35 to 28 percent, while eliminating dozens of tax-saving loopholes American companies now enjoy. Treasury Secretary Timothy Geithner is to unveil the tax overhaul, two days before a tax proposal being offered by one-time venture capitalist Mitt Romney. He is one […]
Caterpillar, GE, & McDonald’s Report Rising Profits
Posted July 22nd, 2011 at 11:35 am (UTC-5)
The world’s largest construction and mining equipment company, Caterpillar, reported a 44 percent increase in profits Friday. While second quarter earnings grew, they fell short of Wall Street expectations and the stock price declined after the report. Caterpillar said its expected sales and profits were hurt by Japan’s multiple disasters and slowing demand in China. […]
Caterpillar, GE Report Rising Profits
Posted July 22nd, 2011 at 10:35 am (UTC-5)
The world’s largest construction and mining equipment company reported a 44 percent increase in profits Friday. While earnings grew, they fell short of Wall Street expectations and the stock price fell after the report. Caterpillar said its expected sales and profits were hurt by Japan’s multiple disasters and slowing demand in China. GE saw its […]
