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.
The economy may be ugly for workers, but most companies are making money. In fact, many Wall Street darlings are checking in with record profits. Then again, most doesn't mean all. Here are five notable companies that are losing money this year -- and possibly beyond.
Dell will highlight a handful of tech company results this week. Also reporting earnings will be food giants Smucker and Campbell Soup, also Marriott and other members of the lodging and hospitality industry, and the first of a long string of results from retailers.
In the 10th Las Vegas casino robbery this year, an armed man stole about $1.5 million in betting chips from the Bellagio hotel early Tuesday morning and escaped on a motorcycle. No shots were fired and no one was injured.
Metro-Goldwyn-Mayer Studios has filed for a re-organization bankruptcy, the studio announced Wednesday.
After its drama with shareholder Carl Icahn, Lions Gate is apparently out of the bidding for MGM. Creditors of the storied studio -- which owns the James Bond franchise and half of the rights to "The Hobbit" films -- approved a merger with Spyglass Entertainment on Friday.
The movie studio has sued activist investor Carl Icahn for opposing a merger with MGM. But the internal bickering doesn't look good for the company. Will the lawsuit end up sinking its bid?
Billionaire Kirk Kerkorian will pay more than $10 million in back child support despite the fact that his ex-wife's child isn't Kerkorian's biological daughter, the Associated Press reported.
Netflix's deal with Epix to add movies from Paramount, Lionsgate and MGM to its Watch Instantly service drew bearish reactions from analysts and investors. But the needed deal will help Netflix gain a winning position in the long run.
MGM's new Red Dawn is a remake of the 1984 film, with Chinese and Russian soldiers standing in for the original Soviet and Cuban villains. Critics on both sides of the Pacific are already attacking it well ahead of its November release.
The latest victim in Metro-Goldwyn-Mayer's financial melodrama is 007. The 23rd James Bond film, scheduled for release in 2011 or 2012, has been "indefinitely" postponed as a result of MGM's precarious financial position.
Talk about an odd plot twist: Big-budget film director brothers Tony and Sir Ridley Scott have emerged as possible bidders for Metro-Goldwyn-Mayer, the beleaguered studio which has been shopped around since late last year.