Those new IRS agents won't be going after regular Americans, agency reaffirms as Congress prepares for funding fight
In its latest effort to show that it is putting its extra congressional funding to good use, the Internal Revenue Service said Friday that it is shifting its enforcement efforts to high-income earners, partnerships and big corporations.
2023-09-09 03:24
Logistics startup rescinds dozens of job offers amid messy executive drama
Flexport founder Ryan Petersen said his supply chain management firm would rescind dozens of job offers just days before many applicants were scheduled to start work — a move that followed a dramatic leadership shakeup this week.
2023-09-09 03:17
CPAP maker Philips agrees to pay at least $479 million to users over recalled devices
CPAP sleep apnea machine maker Philips Respironics agreed to pay at least $479 million in a settlement over alleged health risks from toxic sound reducing foam, lawyers for the plaintiff announced Thursday.
2023-09-09 02:51
UK watchdog to 'ramp up' checks on how banks assess risks
By Huw Jones LONDON Britain's financial watchdog told banks on Friday it would "ramp up" checks on whether
2023-09-09 00:24
FDIC publishes post-mortem of its supervision of failed First Republic Bank
WASHINGTON A U.S. banking regulator said its supervisors could have been more aggressive in policing First Republic Bank's
2023-09-09 00:23
US dollar falls, but on pace for eight straight weeks of gains; yuan slumps
(Adds dropped word "the" in the quote in the third paragraph) By Gertrude Chavez-Dreyfuss and Samuel Indyk NEW YORK/LONDON (Reuters)
2023-09-08 23:21
US Senate panel to hold AI hearing with Microsoft, Nvidia
WASHINGTON A U.S. Senate committee on Tuesday will hold a new hearing on artificial intelligence with Microsoft President
2023-09-08 22:20
Thodex cryptocurrency boss jailed for 11,196 years in Turkey for fraud
Faruk Fatih Ozer was found guilty of defrauding millions of dollars from investors in his collapsed Thodex platform.
2023-09-08 21:50
Canada gains 39,900 jobs in August, jobless rate holds at 5.5%
Canada's economy gained a net 39,900 jobs in August, largely in full-time work, and the jobless rate held
2023-09-08 21:15
Kroger settles opioid case, posts net loss on related charge
(Reuters) -Kroger reported a quarterly net loss on Friday as the U.S. retailer took a $1.4 billion charge related to
2023-09-08 20:18
Nvidia, India's Reliance strike AI partnership for apps, language models
By Munsif Vengattil and Dhwani Pandya BENGALURU (Reuters) -U.S. chip firm Nvidia and telecom-to-retail giant Reliance on Friday announced an
2023-09-08 20:17
US Treasury to issue more clean energy tax credit guidance by year-end
By David Lawder WASHINGTON The U.S. Treasury said on Friday it will provide guidance on additional clean energy
2023-09-08 17:24