| 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...
| 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...
| Oct 30, 2012
| 8:51 AM
Swiss bank UBS will cut 10,000 jobs as it exits from its fixed-income trading business and tries to cut costs and concentrate on wealth management.
The Zurich, Switzerland-based institution, which stated that it is “significantly reshaping its...
| Jul 24, 2012
| 8:11 AM
If you're rolling into work wearing ripped jeans, strapless tops, a hoodie and flip-flops, know this: Your colleagues disapprove.
The vast majority of American workers don't consider the Mark Zuckerburg fashion special to be appropriate attire for the...
| Oct 4, 2011
After two days of declines, stocks were wavering this morningon encouraging words from Fed chief Ben Bernanke and discouraging words from European finance ministers. As politics plays a bigger role in determining the direction of stocks, hedge funds are...
| Dec 7, 2011
Citigroup Inc. shares fell on Wednesday after Chief Executive Vikram Pandit said the bank will lay off 4,500 employees as it attempts to trim costs in an "extremely challenging operating environment."...
| 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...
| Jul 13, 2010
| 8:26 AM
GlaxoSmithKline agreed to pay about $460 million to resolve a majority of lawsuits alleging the company's Avandia diabetes drug can cause heart attacks and strokes, people familiar with the accords said.
Glaxo, the U.K.'s biggest drugmaker, agreed to...