All Economy
UBS whistleblower: prison, then $104 million rewardUBS whistleblower Brad Birkenfeld gets record reward from IRS for exposing tax evasion at the Swiss bank. IRS investigation recovered $5 billion in back taxes and penalties from taxpayers.
Health-care premiums rise three times faster than wagesHealth-care premiums have doubled since 2002, a new study finds, while average wages to pay those premiums has risen only by a third. But the rise in health-care premiums is starting to slow.
Job openings and hires decline in JulyJob openings declined 2.06 percent since June, climbing 7.65 percent above the level seen a year ago, according to the latest data from the Bureau of Labor Statistics. Job hires declined 1.68 percent from June but rose 1.73 percent above the level seen in July 2011.
Stocks rise in anticipation of Fed meetingInvestors hope an upcoming Federal Reserve meeting will lead to a jump in stock prices. The average of 30 large company stocks has already gained 1.8 percent to start September, a month which is usually dismal for stocks.
Chevy Volt: GM's loss leader under new scrutinyThe Chevy Volt is losing money for GM two years after its debut. But initial losses on investments in new auto technology are typical, and the Chevy Volt may offer GM an environmentally responsible 'halo effect.'
UBS whistleblower: IRS pays tax cheat informant $104MUBS whistleblower Bradley Birkenfeld was awarded $104 million by the Internal Revenue Service for providing information about overseas tax cheats. The UBS whistleblower is credited with exposing widespread tax evasion at the Swiss bank and was jailed after cooperating with authorities.
In defense of the Chevy Volt: How much does it really cost GM?Reuters reported Monday that the Chevy Volt costs GM up to $49,000 per unit. Now some are disputing the figure, saying that it doesn't reflect the cost of each Volt over the entire production run.
Living below your meansWe sacrifice too much in pursuit of financial success, Hamm argues. Sometimes more money means more problems.
Fannie Mae delinquencies down in JulyAll measures of single family delinquency continued to decline in July, according to the latest Fannie Mae Monthly Summary.
How to find the best rates on home and auto insuranceComparing quotes for homeowners and automobile insurance can easily save you as much as 50% on your annual premiums, Hamm writes.
9/11 museum construction will resume; cost dispute resolved9/11 museum will resume construction after a cost dispute was resolved between the foundation that controls the museum and the Port Authority of New York and New Jersey. The 9/11 museum is designed to extend seven levels underground and will include artifacts from the day of the attacks,
Chevy Volt: GM's green-guzzling green car?Despite the Volt's popularity, the electric car could be costing GM $49,000 for each Volt it makes, Reuters reports.
City workers fly under red-light radarWhen municipal employees in Rochester, N.Y., get ticketed by the city's red-light cameras, they simply don't pay for their mistakes.
Bad news from China sends stocks slidingAfter last week's stock market rally, the Dow fell 52 points to close at 13,254 on Monday. Investors hope potential new stimulus funding will send stock prices bouncing back.
Stick to liability insurance for very old vehiclesIf you鈥檙e driving an old car that will have to be replaced in the future it's time to take a serious look at your auto insurance. Hamm explains that anything beyond liability insurance may be too much for your old car.
Hewlett-Packard to dump 2,000 more workersHewlett-Packard will cut 2,000 more jobs than it had previously announced, bringing the total up to 29,000 by October 2014. The Hewlett-Packard layoffs may be a sign that the slumping personal computer market will weaken even further.- Good for business? Why corporate lawyers give bad marks to Chicago, L.A.The US Chamber of Commerce surveyed 1,125 top lawyers at major corporations, who said Chicago and Los Angeles have the least fair litigation environments for businesses in the US.
Is there a real estate bubble growing in Hong Kong?In June, the price of residential properties in Hong Kong increased 1.18% since May and climbed 6.64% above the level seen in June 2011. Prices continue to rise each month, according to new data from the University of Hong Kong.
The importance of long-term insuranceLong-term disability insurance and long-term care insurance are worth the cost, Hamm writes. Professionals whose income supports their family should especially consider obtaining long-term disability insurance and long-term care insurance.
The 'heart of our economic dilemma': getting American consumers to spend againThe middle class isn't spending because the values of their homes have plummeted, they've lost much of their savings, and their wages are dropping. Reich argues that Obama has a way to correct this, or at least not make it worse.
