Thirty companies including General Electric Co., Verizon Communications and Boeing Co., didn’t pay federal income tax between 2008 and 2010 though they earned a combined $160.3 billion in pretax U.S. profits in that period, according to a report released today.
Some companies highlighted in a report that concluded well-paid U.S. executives earned more than their corporations paid in federal income tax are disputing the findings, maintaining the study distorts the U.S. corporate tax burden.
A former executive at expert- networking firm Primary Global Research LLC, James Fleishman, was found guilty of helping pass confidential information to fund managers as part of an insider-trading scheme.
Akamai Technologies Inc. may finally be cheap enough to lure International Business Machines Corp. or Verizon Communications Inc. as the most speculated U.S. takeover target since 2005 approaches its lowest valuation on record.
A U.S. trade agency said it will let stand a judge’s finding that Cablevision Systems Corp. infringed a patent owned by Verizon Communications Inc. and will consider banning imports of set-top boxes used by Cablevision.