Supreme Court declines Cablevision stay application
WASHINGTON (Reuters) – The U.S. Supreme Court on Tuesday declined a Cablevision Systems Corp request seeking a stay of National Labor Relations Board proceedings in which the company is involved.
IRS battles tech companies over 2004 offshore tax holiday
WASHINGTON (Reuters) – The Internal Revenue Service and two technology firms are fighting in court over tax bills from a 2004 corporate tax holiday, with other multinationals watching closely for a result that could come any day, said tax lawyers.
JPMorgan oil chief moves to Noble, new co-heads named: SparkSpread
NEW YORK (Reuters) – JPMorgan Chase & Co named Jeff Katz and Mitch Rubinstein to run its global oil operation after the division’s previous chief Jeff Frase left the bank after five years for Noble Group , industry website SparkSpread.com reported on Tuesday.
Icahn, affiliates provide bulk of $5.2 billion Dell loan package
(Reuters) – Billionaire investor Carl Icahn and affiliates provided $3.42 billion, or 66 percent, of the $5.2 billion in committed debt financing to back his proposed leveraged recapitalization plan for personal computer maker Dell Inc.
Exclusive: Greece has three days to deliver or face consequences – EU officials
BRUSSELS/ATHENS (Reuters) – Greece has three days to reassure Europe and the IMF that it can deliver on conditions attached to its bailout in order to receive its next tranche of aid, four euro zone officials said on Tuesday.
Ex-Tyco CEO Kozlowski denied bid for new parole hearing
NEW YORK (Reuters) – Dennis Kozlowski, the former Tyco International Ltd chief executive convicted of looting the company of more than $100 million, was denied a bid for a new parole hearing by a New York state appeals court on Tuesday.
GE Capital will not appeal risk panel’s proposed systemic tag
WASHINGTON (Reuters) – GE Capital, the financial services arm of General Electric , said on Tuesday it will not appeal a proposal by the new U.S. risk council to designate the firm as systemically important, a tag that will subject the company to tough…
Textbook publisher Cengage files bankruptcy to cut debt
NEW YORK (Reuters) – Textbook publisher Cengage Learning Inc on Tuesday filed for bankruptcy protection as part of a prearranged restructuring it said would help it eliminate more than $4 billion of debt.
Obama’s Power Africa backer calls weak competition an investment incentive
DAR ES SALAAM (Reuters) – Nigerian businessman Tony Elumelu, who backed President Barack Obama’s Africa Power initiative with a $2.5 billion investment pledge, said on Tuesday the lack of competition in the continent’s nascent power sector makes it an …
IRS claim against Tyco may force former units to contribute to tax bill
(Reuters) – Security services provider ADT Corp said it may have to contribute to a tax bill faced by former parent Tyco International Ltd if the total amount assessed by the IRS exceeded $1.85 billion.
