| Jan 14, 2014
| 12:00 PM
Ty Warner, the billionaire founder of Beanie Babies stuffed toys, was sentenced to probation for hiding millions of dollars in a Swiss bank account and failing to report his interest income.
U.S. District Judge Charles Kocoras rejected federal...
| Nov 25, 2013
| 8:08 AM
Swiss voters soundly rejected a plan Sunday that would have limited executive compensation to no more than 12 times the lowest-paid employees' pay.
The measure, known as the "1:12 initiative," was defeated 65.3% to 34.7% even amid wide public...
| Feb 25, 2014
| 2:19 PM
WASHINGTON — A Senate subcommittee investigation accused Swiss banking giant Credit Suisse of using elaborate “cloak-and-dagger” methods to hide the accounts of 22,000 wealthy American citizens with a total of up to $12 billion in assets...
| Feb 25, 2014
| 7:03 PM
WASHINGTON — A Senate subcommittee investigation accused Swiss banking giant Credit Suisse of using elaborate "cloak and dagger" methods to hide the accounts of 22,000 wealthy American citizens with a total of up to $12 billion in assets from U.S....
| Feb 26, 2014
| 7:25 AM
WASHINGTON -- The chief executive of Credit Suisse told U.S. senators Wednesday it was "unacceptable" for Swiss banks to help Americans evade U.S. taxes and he regrets some of the firm's employees did so in the past.
"We deeply regret that -- despite...
| Feb 26, 2014
| 4:31 PM
WASHINGTON — Credit Suisse executives admitted that the giant Swiss bank helped Americans shield as much as $12 billion from taxes and even acknowledged the practice was a "mistake" and "unacceptable."
But they said they couldn't do much beyond...
| Mar 13, 2011
Travelers to Europe this year are discovering unwelcome ride-alongs: new and heftier surcharges for flights and cruises. They may even pay more to get to their U.S. gateway airport. Blame the rising price of oil, driven by widening world demand and...
| Jan 27, 2012
| 1:21 PM
Gov. Dannel Malloy's estimate of pension savings over 20 years was wrong by $3.1 billion, the legislature's nonpartisan fiscal office said Friday.
Malloy had announced that the state would save $4.8 billion over 20 years from a negotiated deal last...
| Oct 2, 2011
Editor's Note: With no net job creation here in two decades, Connecticut needs jobs. Our editorial and five other views on this page offer thoughts on getting people back to work. We'd like to hear what you think is the key to creating jobs as well: Email...
| Sep 11, 2012
| 12:11 PM
It pays to rat out your tax-dodging clients.
A former banker who helped wealthy Americans illegally evade taxes, and later confessed his transgressions and cooperated with the government, has been awarded $104 million in what appears to be the largest-...
| Oct 26, 2012
| 3:39 PM
Switzerland's biggest bank, UBS AG, is expected to cut up to 10,000 jobs, or 16 percent of its workforce, as it contends with shrinking revenue and rising capital requirements, a person familiar with the company said on Friday.
The cuts would be among...