Author Archive
Former Enron CEO Denied Permission to Attend Son’s Funeral
by Hugh Collins on Feb.09, 2011, under Towing
Jeffrey Skilling, former CEO of Enron, was denied temporary release from prison to attend his son’s funeral, CNBC reported.
John Taylor “J.T.” Skilling was found dead at his home in Santa Ana, California, last week. The cause of the college sophomore’s death is undetermined, pending a toxicology report.
Jeffrey Skilling is serving a 24-year prison sentence for his role in the collapse of Enron….
Continue reading Former Enron CEO Denied Permission to Attend Son’s Funeral
Former Enron CEO Denied Permission to Attend Son’s Funeral originally appeared on DailyFinance on Wed, 09 Feb 2011 07:28:00.
Filed Under: People
IRS Launches New Disclosure Program For Offshore Funds
by Hugh Collins on Feb.09, 2011, under Towing
The Internal Revenue Service announced a new disclosure initiative to encourage people to bring money held offshore back into the U.S. tax system.
Individuals can bring their money back into the U.S. system, provided they pay a penalty, back-taxes and interest for as many as eight years, the IRS said. Some of the penalties will be as great as 25% of the amount in the foreign bank accounts in the…
Continue reading IRS Launches New Disclosure Program For Offshore Funds
IRS Launches New Disclosure Program For Offshore Funds originally appeared on DailyFinance on Wed, 09 Feb 2011 07:22:00.
Filed Under: Taxes
Chipotle Fires Hundreds of Workers Amid Immigration Probe
by Hugh Collins on Feb.08, 2011, under Towing
Chipotle (CMG), the chain restaurant serving Mexican food, fired hundreds of workers in Minnesota after receiving notice from Immigration and Customs Enforcement that they had “suspect documents.”
The ICE began its probe of Chipotle in Minnesota, where the company employs about 1,200 workers, The Wall Street Journal reported. The probe has since spread to Chipotle restaurants in Virginia and…
Continue reading Chipotle Fires Hundreds of Workers Amid Immigration Probe
Chipotle Fires Hundreds of Workers Amid Immigration Probe originally appeared on DailyFinance on Tue, 08 Feb 2011 07:28:00.
Filed Under: Company News, Retail
Groupon CFO Jason Child: ‘I Don’t See Any Limits’
by Hugh Collins on Feb.08, 2011, under Towing
Although he says he’s “not exactly certain what” Groupon’s appeal is, Jason Child has plenty of possibilities. And he’s certain that even given the online coupon company’s explosive growth, there’s plenty of room for further expansion. But don’t expect an IPO anytime soon.
Continue reading Groupon CFO Jason Child: ‘I Don’t See Any Limits’
Groupon CFO Jason Child: ‘I Don’t See Any Limits’ originally appeared on DailyFinance on Tue, 08 Feb 2011 06:30:00.
Filed Under: Company News, People, Google , Amazon.com, Retail
Bank of America Hit With Foreclosure Lawsuit
by Hugh Collins on Feb.03, 2011, under Towing
Bank of America Corp. (BAC) is the subject of a lawsuit that accuses the bank of hiding foreclosure problems that contributed to a drop in its share price.
The suit, filed by a union benefit plan, says Bank of America concealed problems in its recording of mortgages, Reuters reported. This damaged investors when the company suspended foreclosure proceedings last year, the suit says.
“We are…
Continue reading Bank of America Hit With Foreclosure Lawsuit
Bank of America Hit With Foreclosure Lawsuit originally appeared on DailyFinance on Thu, 03 Feb 2011 08:32:00.
Filed Under: Company News, Bank of America, Real Estate, Credit
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