I'm still not exactly sure what to make of this. I dont know if this is some publicity stunt for his new Street King "1 like = 1 meal" venture (which I actually "like" d on facebook. Judge me if you want but if he's really gonna feed a child for one "like", its the least I can do) or if its legit...... Read more...
After another money-losing year, Bank of America Corp. got the upper hand with Uncle Sam in 2010. The Charlotte-based bank had no federal income tax expense for a second straight year and actually reported a tax “benefit” of nearly $1 billion. Also, the bank’s billions in accumulated ... Read more...
The Department of Homeland Security on Friday canceled a project to build a technology-based “virtual fence” across the Southwest border, saying that the effort — on which $1 billion has already been spent — was ineffective and too costly. Janet Napolitano, the homeland security secretar... Read more...
The Securities and Exchange Commission on Friday charged Wall Street's most gilded firm, Goldman Sachs, with defrauding investors in a sale of securities tied to subprime mortgages. The SEC said it charged New York-based Goldman (GS, Fortune 500) and a vice president, Fabrice Tourre, for their fa... Read more...
Facing a $238 billion budget deficit by 2020, the U.S. Postal Service filed a proposal to Congress recommending they be allowed to cut their Saturday service. According to MSNBC.com, the financially strapped agency believes that one less day of service will save them billions. Their projected s... Read more...
"Rich" countries are canceling more than $1 billion in debt that Afghanistan owes them, the Paris Club of creditor nations announced Wednesday. The debt relief comes partly in response to Afghanistan's participating in program for Heavily Indebted Poor Countries, the Paris Club said in a statem... Read more...
SEATTLE – Boeing Co.'s giant 747-8 freighter should make its first flight Monday after performing well on taxi tests and reaching a top speed of about 103.5 mph, the company said. At 250 feet long, the plane is the largest Boeing has ever built and about 18 feet longer than the existing 747-... Read more...