Receiving $54 million in consulting fees for a decade’s work on her own family’s offshore trusts is unusual and probably saved U.S. Commerce Secretary nominee Penny Pritzker on taxes, according to estate experts.
Hedge funds led by Paulson & Co. and Maverick Capital are piling into mortgage insurers in a bet that some of the companies worst hit by the U.S. housing crash will be among the biggest winners in the rebound.
B456 Systems Inc., the bankrupt electric-car battery maker formerly called A123 Systems Inc., won court approval of a plan to exit bankruptcy that pays creditors from the proceeds of selling virtually all its assets.
Warren Buffett’s Berkshire Hathaway Inc. took a stake in Chicago Bridge & Iron Co. in a bet that the construction company will benefit from infrastructure spending as customers liquefy natural gas and use it as a feedstock.
James D. Jones III has been drafting new drawings of the piping at an Atlanta-area factory on a contract for ManpowerGroup Inc. for the last 10 months. When this job ends, he says it will be easy to find another.
New Jersey Governor Chris Christie, whose cutback of public-employee compensation two years ago made him a national model of Republican strength, now is trying to scrap century-old civil-service rules.
The Golden State Warriors held on to a big lead this time to end a 30-game losing streak in San Antonio and even their playoff series against the Spurs, while the Miami Heat had a record-setting win to tie their series with the Chicago Bulls.
In Milwaukee, 54 percent of the population rents and the remaining 46 percent are homeowners. And in the past year the Milwaukee real estate market has seen an 3.2 percent increase in value, with a median sales price of $112,000, according to Zillow.