The IRS has awarded a former banker $104 million for telling the U.S. government how Swiss banking giant UBS helped rich Americans evade taxes. The award given to Bradley Birkenfeld is believed to be the largest ever for an individual whistle-blower.
Four years ago this week, the Wall Street investment bank Lehman Brothers declared bankruptcy. The sudden collapse sent shock waves around the world and brought on the worst of the financial crisis. But for Lehman Brothers, the story doesn't end there.
Online reviews of restaurants, travel deals, apps and just about anything you want to buy have become a powerful driver of consumer behavior. Unsurprisingly, they have also created a powerful incentive to cheat.
In his first interview since Facebook's troubled IPO, founder and CEO Mark Zuckerberg emphasized the company's mobile-centered future, his commitment to mission over fun and explained why he doesn't code much anymore.
The Treasury Dept has reduced its stake in AIG by selling $18 billion worth of company stock. In doing so, the U.S. government moved from being AIG's majority shareholder to simply having a stake in the company. The sale guarantees that taxpayers will come out ahead on the bailout of the insurer.
Annual family health insurance premiums rose about 4 percent to an average of $15,745 this year, a new survey finds. While the increase is less than the one seen last year, it exceeds both inflation and wage gains.
The new iPhone is expected to be unveiled this week, and customers can probably get a discount if they sign up for a lengthy service agreement. But New York University Law Professor Oren Bar-Gill tells host Michel Martin that consumers should think twice before signing the dotted line for things like phones, credit cards or mortgages.
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