U.S. stocks are closing slightly lower, giving up an early gain. Tax preparer H&R Block slumped 6 percent after the company said that its attempt to sell a banking unit was getting bogged down. Hewlett-Packard ...
By Jonathan Stempel (Reuters) - A federal appeals court rejected Ford Motor Co's bid to recoup about $450 million of interest from the U.S. government on taxes overpaid by the automaker. The 6th U.S. Circuit Court of Appeals in Cincinnati did not accept Ford's argument that its over-payments, dating back to 1983, were essentially a loan to the Inte […]
By Lawrence Hurley WASHINGTON (Reuters) - A federal judge in Oklahoma ruled on Tuesday that tax subsidies vital to the implementation of President Barack Obama's signature healthcare law are unlawful, giving a boost to opponents of the measure known as Obamacare. U.S. District Judge Ronald White found that the Internal Revenue Service rule that the Obam […]
By Gabriel Debenedetti WASHINGTON (Reuters) - Seizing on news that Attorney General Eric Holder plans to step down, Republican lawmakers piled criticism on him over the Internal Revenue Service scandal, his handling of a gun-running probe known as "Fast and Furious," and a host of other issues. Holder has clashed for years with Republicans, who see […]