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Articles written by Marcy Gordon

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Nissan paying $15M, Ghosn $1M to settle US fraud charges

WASHINGTON (AP) — Nissan will pay $15 million and former chairman Carlos Ghosn will pay $1 million to settle allegations by U.S. regulators that they hid more than $140 million of Ghosn's retirement benefits from investors. The Securities and...

 

As feds loom, states hit Facebook, Google with new probes

WASHINGTON (AP) — Two groups of states are targeting Facebook and Google in separate antitrust probes, widening the scrutiny of Big Tech beyond sweeping federal and congressional investigations into their market dominance. Facebook and Google are...

 

YouTube to pay $170M fine after violating kids' privacy law

WASHINGTON (AP) — Google will pay $170 million to settle allegations its YouTube video service collected personal data on children without their parents' consent. The company agreed to work with video creators to label material aimed at kids and...

 

Facebook's currency plan gets hostile reception in Congress

WASHINGTON (AP) — Under sharp criticism from senators, a Facebook executive on Tuesday defended the social network's ambitious plan to create a digital currency and pledged to work with regulators to achieve a system that protects the privacy of...

 

Treasury chief: Facebook currency plan ripe for illicit use

WASHINGTON (AP) — The Trump administration came out strongly Monday against Facebook's ambitious plan to create a new digital currency, as the Treasury chief warned it could be used for illicit activity such as money laundering, human trafficking...

 

Trump applauds far-right social media provocateurs

WASHINGTON (AP) — President Donald Trump used a White House conference Thursday to applaud far-right social media provocateurs even as he conceded that some of them are extreme in their views. Trump, who has weaponized social media to eviscerate...

 

House chairman asks IRS for 6 years of Trump's tax returns

WASHINGTON (AP) — A House committee chairman on Wednesday formally asked the IRS to provide six years of President Donald Trump's personal tax returns and the returns for some of his businesses as Democrats try to shed light on his complex...

 

Even with IRS staffers returning, tax refunds may be delayed

WASHINGTON (AP) — The IRS' workforce will return to full strength under the short-term deal to reopen the government struck Friday by President Donald Trump and congressional leaders. But the disruption from the partial shutdown and the recent abse...

 

The IRS is recalling 46,000 workers to handle tax returns

WASHINGTON (AP) — The Internal Revenue Service is recalling about 46,000 of its employees furloughed by the government shutdown — nearly 60 percent of its workforce — to handle tax returns and pay out refunds. The employees won't be paid...

 

A US privacy law could be good for Google - but bad for you

WASHINGTON (AP) — Congress is taking the first steps toward setting national rules governing how companies use consumers data — although one of its goals might be to prevent states from enacting stronger privacy protections of their own. The...

 

Govt acts to stop high-tax states from skirting $10K cap

WASHINGTON (AP) — The Trump administration has laid down rules aimed at preventing residents in high-tax states from avoiding a new cap on widely popular state and local tax deductions. The action under the new Republican tax law pits the governmen...

 

Auditors: 30M taxpayers will owe more due to low withholding

WASHINGTON (AP) — Congressional auditors say about 30 million people — 21 percent of U.S. taxpayers — will have to come up with more money to pay their 2018 taxes next year because their employers withheld too little from their paychecks under...

 

Trump officials predict sustained growth in the economy

WASHINGTON (AP) — President Donald Trump's top economic policymakers insisted that the robust growth marked in the April-June quarter will maintain its pace and that he respects the Federal Reserve's independence despite his condemnation of the...

 

Trump DOJ appealing judge's OK of AT&T-Time Warner merger

WASHINGTON (AP) — Stung by a federal judge's dismissal of its objections to AT&T's megamerger with Time Warner, the Trump Justice Department is challenging the decision with a legal appeal. The Justice Department said in a one-sentence document...

 

Trump choice to head IRS says he'll work for all taxpayers

WASHINGTON (AP) — Under sharp questioning from some Democratic senators, President Donald Trump's choice to head the IRS promised on Thursday to work for the benefit of ordinary taxpayers in administering the massive new tax law. Charles Rettig is...

 

Fate of massive AT&T-Time Warner merger in US judge's hands

WASHINGTON (AP) — The fate of the AT&T-Time Warner merger, a massive media deal opposed by the government that could shape how much consumers pay for streaming TV and movies, rests in the hands of a federal judge. U.S. District Judge Richard Leon...

 

Federal judge approves AT&T-Time Warner merger

WASHINGTON (AP) — A federal judge approved the $85 billion mega-merger of AT&T and Time Warner on Tuesday, a move that could usher in a wave of media consolidation while shaping how much consumers pay for streaming TV and movies. U.S. District Judg...

 

Bayer selling $9B in ag business ahead of Monsanto merger

WASHINGTON (AP) — German pharmaceutical giant Bayer AG has agreed to the U.S. government's demand that it sell about $9 billion in agriculture businesses as condition for acquiring Monsanto Co., a U.S. seed and weed-killer maker. Antitrust...

 

Trump eager to sign bill rolling back Dodd-Frank regulations

WASHINGTON (AP) — President Donald Trump indicated Wednesday that he's eager to sign a bill that would dismantle a chunk of the rules framework for banks, installed to prevent recurrence of the 2008 financial crisis that brought millions of lots...

 

Congress nears dismantling of post-crisis bank rules

WASHINGTON (AP) — Congress was taking a final step Tuesday toward dismantling a chunk of the rules framework for banks installed to prevent a recurrence of the 2008 financial crisis that brought millions of lost jobs and foreclosed homes. The...

 

Consumer spending up in Feb; jobless claims at 45-year low

WASHINGTON (AP) — Americans increased their spending just 0.2 percent in February, while their incomes were boosted by increased wages and business owners' income. The Commerce Department said Thursday the modest spending increase followed an equal...

 

Bye-bye box seats? Tax law may curb corporate cash at games

WASHINGTON (AP) — Could the crackdown on tax loopholes clamp down on corporate schmoozing? The new tax law ends a benefit prized by business for impressing customers or courting new ones. And the impact could be felt in the pricey boxes at sports...

 

What's a tax break for car racing doing in the budget deal?

WASHINGTON (AP) — Congress passed a $1.5 trillion tax cut package just two months ago. Turns out it wasn't enough. Wedged into the new mammoth Senate spending deal is a pack of tax breaks for homeowners and electric car owners — as well as...

 

How Congress used the shutdown deal to cut more taxes

WASHINGTON (AP) — The deal that ended the government shutdown also further cut taxes, adding billions more to the national deficit. The tax cuts were a little noticed element of the much discussed deal, which provided funding to keep government...

 

House passes massive tax package; Senate to vote next

WASHINGTON (AP) — Gleeful Republicans on Tuesday muscled the most sweeping rewrite of the nation's tax laws in more than three decades through the House. House Speaker Paul Ryan dismissed criticism of the widely unpopular package and insisted "resu...

 

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