Congress is considering extending the so-called “SUV” tax break that will cost nearly $2 billion and further our dependence on oil by encouraging small businesses to buy the biggest, gas-guzzling vehicles available, Public Citizen said in a press release on Tuesday.
Car dealers across America for quite some time now have been using the tax loophole […]

Halliburton on Tuesday said it agreed to pay $7.5 million to settle and a Securities and Exchange Commission investigation involving its 1998 to 1999 disclosure of an accounting for the recognition of revenue from unapproved claims on long-term construction projects, Halliburton said in a statement.
“We are pleased to bring closure to this matter,” said Dave […]

Bristol-Myers Squibb Co. agreed to pay $300 million to settle a securities class action lawsuit related to wholesaler inventory and accounting practices and its investment in and relationship with ImClone Systems Inc.
The lawsuit, filed in the U.S. District Court in the Southern District of New York, was brought against Bristol-Myers Squibb on behalf of purchasers […]

Regulators said Tuesday Deutsche Bank Securities Inc.; Golden, Sachs & Co.; Morgan Stanley; Salomon Smith Barney Inc.; and U.S. Bancorp Piper Jaffray Inc. were collectively fined $8.25 million - $1.65 million each - for failing to provide e-mails during an investigation whether the firms issued misleading or false research reports to court investment banking clients. […]

The Security and Exchange Commission’s investigation on Homestore has expanded into the company’s dealings with real estate and travel company Cendant, people involved in the investigation said late last week. Homestore has acknowledged overstating revenue in the first nine months of last year by more than 30 percent.
People involved in the inquiry said that […]

CONCORD, NH — Tyco International will pay the state of New Hampshire $5 million to settle allegations of financial misconduct by former top officials. State officials claim shareholders and the public were hurt by alleged actions of former chief financial officer Mark Swartz and former corporate counsel Mark Belnick that included misuse of corporate funds, […]