Business

A billionaire that vowed to pay off the debt of an entire college class will pay $140 million to settle a four-year tax probe, a report says

3 monthes ago   |   By Business Insider

Summary List Placement
Billionaire Robert Smith will pay $140 million to settle a four-year tax investigation, Bloomberg reported Wednesday.
The CEO of private equity firm Vista Equity Partners will admit misconduct, but will not be prosecuted, sources told Bloomberg.
The settlement amount, which is expected to be made public as early as Thursday, includes back taxes, penalties and interest.
Bloomberg reported in August Smith had been the subject of a four-year investigation by the Justice Department and Internal Revenue Service into outstanding taxes on $200 million in assets.
Smith hit...
Read more ...

 




Biden says he will reverse Trump's order to lift the coronavirus travel ban

Biden says he will reverse Trump's order to lift the coronavirus travel ban

Summary List Placement President-elect Joe Biden has pledged to reverse efforts by President Donald Trump in the final days of his presidency to lift a COVID-19 travel ban on... Read more ...

Activist investor Ryan Cohen scores 300% gain on GameStop stock in under 6...

Activist investor Ryan Cohen scores 300% gain on GameStop stock in under 6 months

Summary List Placement Activist investor Ryan Cohen has notched a 300% gain on his GameStop investment. The Chewy cofounder spent $76 million for 9 million shares in the... Read more ...

US stock futures rise as dollar and bonds fall ahead of Janet Yellen pledge...

US stock futures rise as dollar and bonds fall ahead of Janet Yellen pledge to 'act big' on stimulus

Summary List Placement US stock futures rose on Tuesday, while the dollar and bond prices fell, as investors awaited the confirmation hearing of Treasury secretary nominee... Read more ...

LA County has suspended air-quality regulations that limit the number of...

LA County has suspended air-quality regulations that limit the number of cremations as it handles a 'backlog' of bodies from the pandemic

Summary List Placement Los Angeles County has temporarily lifted air-quality regulations that limit the number of cremations that can be performed monthly as officials handle a... Read more ...

China Says Its Economy, Recovering From The Pandemic, Grew 2.3% Last Year

China Says Its Economy, Recovering From The Pandemic, Grew 2.3% Last Year

China's is likely the only major economy to have expanded in 2020, as the coronavirus pandemic gripped the world. (Image credit: Nicolas Asfouri/AFP via Getty Images) Read more ...

China's economy continued to grow last year despite COVID-19 crisis

China's economy continued to grow last year despite COVID-19 crisis

China was likely the world's only major economy to expand last year even though it was the first to suffer from the coronavirus pandemic, new data show. China's gross domestic... Read more ...

Former Trump campaign spokesman claims the only reason the president isn't...

Former Trump campaign spokesman claims the only reason the president isn't denouncing the Capitol riot more is because Twitter and Facebook banned him

Summary List Placement A former spokesman for President Donald Trump's reelection campaign has said that the reason Trump isn't denouncing the Capitol riot is that he no longer... Read more ...

Parler's CEO John Matze is 'confident' the controversial social-media...

Parler's CEO John Matze is 'confident' the controversial social-media platform will fully return by the end of January, after Amazon booted it offline

Summary List Placement John Matze, the CEO of the controversial social-media platform Parler, is "confident" the site will be live again by the end of January. Parler was... Read more ...

The FBI is investigating whether a woman stole a laptop from Pelosi's office...

The FBI is investigating whether a woman stole a laptop from Pelosi's office to sell it to Russia, after receiving a tip from someone claiming to be her ex

Summary List Placement The Federal Bureau of Investigation is investigating whether a Pennsylvania woman stole a laptop from Speaker of the House Nancy Pelosi's office during... Read more ...

Armed protesters rallied at state capitols as cities and states ramp up...

Armed protesters rallied at state capitols as cities and states ramp up security ahead of Biden's inauguration

Summary List Placement Armed protesters showed up to the state capitol buildings of Ohio, Texas, Oregon, and Michigan on Sunday ahead of President-elect Joe Biden's... Read more ...