Republican presidential candidate Mitt Romney and his wife, Ann, have used sophisticated estate- planning techniques for more than a decade to minimize taxes and amass at least $100 million for their family outside of their estate.
JPMorgan Chase & Co., Bank of America Corp. and three other U.S. mortgage servicers are in advanced talks to resolve state and federal claims over faulty foreclosures, according to two people briefed on the matter.
Abu Dhabi is considering a proposal to use solar-energy equipment on rooftops in the city to generate about 500 megawatts of power, the executive director at the city’s Executive Affairs Authority said. The capital of OPEC nation the United Arab Emirates also aims to generate 1,500 megawatts of electricity, or 7 percent of total demand, from renewable energy sources by 2020, the official, David Scott, said in an interview today. The rooftops of major warehouses could be used, he said.
John Glass expanded his family business to more than 90 employees from seven workers over four decades. Last year, U.S. tax laws prompted him to gift about $2 million of company stock to his three daughters.