Iron Mountain Inc. and Equinix Inc., two technology companies seeking to convert to real estate investment trusts, rose after saying the U.S. Internal Revenue Service is proceeding with evaluating their eligibility.
An aspect of U.S. tax law is being criticized by some lawmakers and consumer groups concerned that it may be worth billions of dollars for JPMorgan Chase & Co in negotiations with the Department of Justice.
William Daley , President Barack Obama ’s new chief of staff, can defer the payment of capital gains taxes on his sale of almost $8.3 million of JPMorgan Chase & Co . shares, based on government ethics rules.
Ford Motor Co. , after earning $9.3 billion in the last two years, may make an accounting change this year to reflect confidence in its recovery, a move one tax expert said could boost its 2011 profit as much as $13 billion.