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Bank of America And GE Pay Zero Federal Taxes…Surprised?

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...

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LimeWire is Being Sued for Up to $75 Trillion, Judge Thinks It’s “Absurd”

Thirteen record companies are suing LimeWire LLC, makers of the file-sharing program LimeWire, for as many as $75 trillion, a hilarious sum of money that quite possibly doesn’t even exist. When the companies won a ruling against Lime Wire last May, they requested damages that could now end up ... Read more...