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Associated Press News

Tax-Smart Billionaires Who Work For $1

Minimum wage is going up, but big-time CEO pay seems to be going the other direction. Not overall pay necessarily, but salary. In fact, it’s increasingly common for common-man honchos to <b>volunteer</b> for a nominal $1 salary. And they may not want a cash bonus, either.<p>Stock growth and capital gain is a …

CBS' '60 Minutes' admits to faking Tesla car noise

What is it about Tesla and its ability to make major media outlets look like fools?<p>The latest example came a week ago today when CBS' <i>60 Minutes</i> aired a report on Tesla and its amazing electric car. It was basically the kind of coverage that any automaker would kill to have (and must have left …

Corporate raiders and activist investors: a field guide

Slide 1 of 10<p>Swashbuckling, value-destroying “corporate raider” or shareholder-friendly “activist investor?”<p>A case can be made for either term. But …

Catholicism Is Thriving — And This Is Good News For Democrats

Often, though, people who want to hear him must travel further. In January he was preaching in Guatemala; later in the year he will preach in Colombia, Honduras, Panama, Mexico and Ecuador. "When I went to Bolivia, 10,000 people came to hear me," he says. "Many of them said they knew me already …

5 Ways China Successfully Spies On Corporate America

The ongoing tiff between the U.S. and China over economic espionage activities took an unexpected turn recently, with New York Times revealing alleged spying by the U.S. on Huawei. The Chinese company, which had been blocked by the U.S. government from acquiring companies in the United States due …

This Maryland Politician Pulled A Frank Underwood Move On 'House Of Cards'

It began late last month when Charlie Goldstein, the senior vice president of Media Rights Capital, sent a letter to Maryland Gov. Martin O'Malley, threatening to leave the state if the show was not provided with millions of dollars more in tax credits for which it believes it should qualify.<p>In the …