President Obama's plan to overhaul the nation's corporate tax system would sharply cut the taxes that U.S. companies pay. But it would also eliminate many of the loopholes that help them pare down what they owe.
The Obama administration announced a new effort to protect online consumer privacy Thursday. Officials will ask Internet companies and privacy advocates to agree on rules to protect people from deceptive practices. The "Consumer Privacy Bill of Rights" will apply standards — albeit voluntary — for companies to follow.
Superman and Batman were the big earners at the New York auction because in the pile were comics marking the debut of those superheroes. They belonged to Billy Wright of Martinsville, Va., who died in 1994. Relatives found the comics after his wife died last year.
Big banks and other large investors are buying up tens of thousands of foreclosed rental properties across the country. According to tenants and regulators, they're not model landlords. Some fail to follow housing codes, leaving tenants to live without even a number to call in the most dire situations.
Sony launched its new PlayStation Vita on Wednesday. The portable device is geared toward hard-core gamers and offers a lot of new technology. And after a string of tough times at Sony, the company needs this gadget to sell. Sony is trying to distinguish the Vita from the smartphones it's competing against.
It starts with an ordinary legal pad made by a company that's been around for more than a century. This is the first of two stories we're doing today on Bain Capital, the private equity firm Romney helped found.
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