Bloomberg Businessweek's Joshua Green is not alone in surmising that, if Mitt Romney is so insistent he won't release his tax returns, they must contain something so damaging that he's better off taking heat for not releasing them. Green has a theory: Romney didn't pay any federal income tax in 2009.
Aug. 3 (Bloomberg) -- Bloomberg's Stephanie Ruhle, Tom Keene and Sheila Dharmarajan discuss Knight Capital Group Inc. opening its books to potential buyers, including private-equity firms and at least one securities-industry rival, as it seeks an investment or takeover to survive after a $440 million trading loss. They speak on Bloomberg Television's "Bloomberg Surveillance."
Federal Reserve officials were told in December 2008 that they would have to buy “very large” quantities of U.S. Treasury and housing-agency debt to have an impact on the economy as they considered alternatives to cutting interest rates that were heading toward zero.
Warren Buffett’s Berkshire Hathaway Inc. is better positioned than rival property-casualty insurers to sidestep a decline in the value of fixed-income securities if interest rates rise, Moody’s Investors Service said.
Bank of Japan officials are increasingly concerned the nation’s bond market is failing to reflect emerging inflation, raising the risk of a sudden surge in yields, according to people familiar with the matter.
The U.S. government will treat Bitcoin as property for tax purposes, applying rules it uses to govern stocks and barter transactions, the Internal Revenue Service said in its first substantive ruling on the issue.