Microsoft Reveals IRS Notice Asking for $28.9 Billion in Back Taxes
Microsoft owes the Internal Revenue Service (IRS) $28.9 billion in back taxes, not including penalties and interest.
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Wells Fargo Rolls Out Financial Planning Tool to Almost 70 Million Customers
Wells Fargo will expand access to a financial planning tool to nearly 70M customers after initially offering it to wealth clients earlier this year.
Bank of America’s Wrong-Way Rate Bet Hurts Moynihan’s Growth Pledge
For years, Brian Moynihan told investors his bank would be a big winner when interest rates eventually, finally, one day went up.
WeWork Shares Fall 25% After Company Skips Interest Payments
WeWork Inc. shares slid 25% on Tuesday morning to their lowest price on record after the company skipped interest payments due on five of its bonds.
Ackman Considers Musk’s X for New Investment Vehicle, WSJ Says
Billionaire Bill Ackman would be interested in pursuing a deal with Elon Musk-owned X Corp. as part of a new investment vehicle, the WSJ reported.
Ryan Cohen’s GameStop Gambit Raises Specter of His Spotty Record
Billionaire Ryan Cohen’s appointment to lead GameStop Corp. drew cheers across the social-media platforms that made him a meme-stock icon.
Franklin Templeton Awaits Wider Junk Spreads as Defaults Rack Up
More junk-rated companies are likely to default on their debt as the US economy slows.
