The Big Companies Paying the Most in Taxes -- and the Least
The federal corporate tax rate is 35% but that's not what most big companies pay, and the disparities can be huge: Some pay billions, while others pay nothing.
massey energy
The Labor Department's Unprecedented Battle With Massey
For the first time ever, federal regulators are asking a judge for an injunction ordering a U.S. mine to close until safety hazards are fixed. That mine is Massey Energy's Freedom Energy No. 1 in Kentucky. Among the provisions the Labor Department injunction asks for is continued pay for the idled miners.
Is Coal Miner Massey Buyout Bait?
Shares in Massey Energy were climbing today on reports that the coal mining company was "exploring strategic alternatives" -- in other words, a possible sale.
JPMorgan Chase Falsified Foreclosure Documents Too
The problem of faulty foreclosure documents isn't limited to GMAC: A JPMorgan Chase employee has testified that she was one of eight managers who combined to sign some 18,000 documents a month without the personal knowledge of the facts that the documents claimed they had.
Legal Briefing: Yes, Citigroup's Settlement Was for Fraud
Although the coverage of Citigroup's $75 million settlement with the SEC didn't use the word "fraud" -- the bank only admitted to "misleading investors" -- Citi did indeed settle fraud charges. But that admission won't be much help to investors in their own their fraud cases against it.
Legal Briefing: Massey Energy Faces Criminal Probe
The Justice Dept. has launched a probe into possible "willful criminal activity" at Massey Energy's Upper Big Branch coal mine, where 29 miners died recently.
Legal Briefing: FBI Won't Let Massey Slide on Bribery
If there's any truth to the rumors that Massey Energy bribed coal mine inspectors, a confluence of powerful forces makes it a near certainty that we'll see wrongdoers get convicted, government get cleaner, and miners get safer.
Coal Mine Disaster Weighs on Massey Energy
Investors drilled Massey Energy for a second day, sending its shares down more than 6% in the wake of a West Virginia mine explosion that killed at least 25 miners. But, facing fines and lawsuits, stock price losses are likely just the beginning of the company's fiscal pain.
In Coal Mining, Economics Still Trumps Safety
The disaster in West Virginia serves as a reminder that America's dependence on coal for energy isn't going away. While U.S. mining injuries and fatalities have dropped since 2001, safety lapses in the industry mean it remains very dangerous.
Mine Explosion in West Virginia Kills at Least 25
Officials don't yet know what led to an massive methane gas explosion at a Massey Energy mine in West Virginia that has killed 25 miners and left four others missing. It is the worst mining disaster in the U.S. in more than two decades.