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Treasury officials told of IRS probe in June 2012
Senior Treasury officials were made aware in June 2012 that investigators were looking into complaints from tea party groups that they were being harassed by the Internal Revenue Service, a Treasury inspector general said Friday, disclosing that Obama administration officials knew there was a probe during the heat of the ...
US wholesale prices fall 0.7 pct., most in 3 years
Sharp drops in fuel and food costs reduced a measure of U.S. wholesale prices in April by the most in three years. Outside those volatile categories, inflation stayed tame. The producer price index, which measures price changes before they reach the consumer, fell a seasonally adjusted 0.7 percent in April ...
Federal Reserve: Smartphone Fraud Rising
There's growing concern at the Federal Reserve and the banking industry about increasing attacks on smartphones by fraudsters. (May 15)
Tycoon uses S. Ind. tree farm for fundraisers
Ed Ewing knows what it's like to be rich. The Jasper, Ind. native and semiretired business tycoon now lives in Nashville, Tenn. But he also owns Big Tree Farm in Santa Claus, a personal retreat chock-full of goodies. A replica 1950s diner, memorabilia, more than 100 classic cars, pool, tennis ...
Feds in NYC: Hackers stole $45M in ATM card breach
A worldwide gang of criminals stole $45 million in a matter of hours by hacking their way into a database of prepaid debit cards and then draining cash machines around the globe, federal prosecutors said Thursday — and outmoded U.S. card technology may be partly to blame. Seven people are ...
Van maker backed by Energy Dept. loans shuts down
A Michigan company that received a $50 million federal loan to make vans for the disabled has stopped production and laid off its 100 workers. Vehicle Production Group, or VPG, suspended operations in February after its finances dipped below a minimum level required as a condition of the federal loan. ...
House passes bill to prioritize US debt payments
The GOP-controlled House voted Thursday to make sure U.S. bondholders and people on Social Security get paid if the government hits its borrowing limit. The move comes as Republicans grapple with the hot-potato issue of raising the government's borrowing limit later this year, one of the few must-do items on ...
High hospital bills go public, but will it help?
For the first time, the government is publicly revealing how much hospitals charge, and the differences are astounding: Some bill tens of thousands of dollars more than others for the same treatment, even within the same city. Why does a joint replacement cost 40 times as much at one hospital ...
What's happening at Buffett's annual meeting
Dubbed "Woodstock for Capitalists," Saturday's annual meeting of Berkshire Hathaway shareholders revolves around Warren Buffett, the company's chairman and CEO and a billionaire investor. Here's a rundown of what's happening at the day-long event in Omaha, Nebraska: ___ BUFFETT'S SUCCESSOR: Berkshire's board knows who it would pick as CEO if ...
What's happening at Buffett's annual meeting
Dubbed "Woodstock for Capitalists," Saturday's annual meeting of Berkshire Hathaway shareholders revolves around Warren Buffett, the company's chairman and CEO and a billionaire investor. Here's a rundown of what happened at the day-long event in Omaha, Nebraska: ___ BUFFETT'S SUCCESSOR: Berkshire's board knows who it would pick as CEO if ...
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