By SHARON TERLEP (See Corrections & Amplifications below.) General Motors Co. said it would replace its chief executive with a board member lacking automotive experience but well-regarded on Wall Street, a move whose timing was surprising and appears designed to pave the way for the car maker’s return to the public stock market. WSJ Detroit [...]
A multiyear stock-price high and better-than-expected third quarter have one well-known director at Coca-Cola smiling these days ref. On Nov. 1 and 2, director Barry Diller bought 100,000 shares of Coca-Cola (ticker: KO) for $6,711,290, or $67.11 each. This is Diller’s second transaction at the beverage giant this year. He bought 235,000 shares for $15.1 [...]
By ANNE TERGESEN The U.S. Labor Department took steps on Thursday to improve the disclosure of fees paid by millions of participants in 401(k) and other retirement-savings plans. At the same time, the Treasury Department proposed regulations designed to make it easier for these plans to offer annuities to employees, saying such a move would [...]
By JESS BRAVIN WASHINGTON—In a case watched closely by energy companies and manufacturers, the Supreme Court is set to consider Monday whether to blunt one of the government’s chief tools for enforcing the Clean Water Act. Based on “any information”—even a newspaper article or an anonymous tip—the Environmental Protection Agency can issue an administrative compliance [...]
By TOM HERMAN Generosity is its own reward. But if you want to deduct your donations, make sure you understand the tax law’s fine print. First, you can’t deduct charitable contributions on your federal income-tax return unless you “itemize” your deductions on Schedule A. That’s important since most taxpayers don’t itemize. Nearly two-thirds of all [...]
Story By: by Bill Chappell For the second year in a row, the Ford Fusion won J.D. Power’s dependability prize in the mid-size sedan category. Pictured is the 2013 model of the car, unveiled in January. Toyota and Ford performed well in this year’s dependability index. This chart shows the number of problems experienced by [...]
Dubai: Bank of Sharjah reported a net profit of Dh254 million in 2011, down 37 per cent from the Dh404 million earned in 2010. Total provisions were up at Dh215 million compared to Dh80 million in 2010 ref. As of December 31, 2011, the bank’s collective impairment provisions were Dh561 million. The bank’s total assets [...]
By BILL BISCHOFF It’s now officially time to get serious about filing your 2011 Form 1040, especially if you expect a refund. Here are five little-known write-offs that could make your refund bigger or cut what you owe. Also See 5 Ways to Avoid an IRS Audit The Tax Implications of Foreclosures Should Married Couples [...]
By JEANNE WHALEN LONDON—Lawyers for News Corp. said that, during an IT upgrade in early 2011, the company deleted a key email from the inbox of James Murdoch, deputy chief operating officer, in which company counsel spelled out a plaintiff’s claim that voice-mail interception was widespread at the company’s now-closed News of the World tabloid. [...]
By TOM HERMAN You may not be in the same financial league as Mitt Romney, but look on the bright side: Your tax return this year probably is much simpler than his. Thanks to political gridlock in Washington last year, taxpayers will have to grapple with relatively few tax-law changes on their federal income-tax returns [...]