Category: Business
Honda Recalls 45,000 Vehicles to Fix Faulty Liftgate Struts
Tomohiro Ohsumi/Bloomberg via Getty Images(WASHINGTON) — Honda is recalling 45,747 Odyssey minivans due to a problem with the model’s liftgate.“[T]he gas-filled struts that help to raise and support the liftgate of vehicles equipped with a…
Tax Tip: Prior Roth IRA Conversion Could Cost You This Year
Comstock Images/Thinkstock(NEW YORK) — If you converted a traditional IRA to a Roth IRA a few years back, get ready to pay the taxman.In 2010, millions of Americans who wanted to convert their traditional IRA to a Roth were given a tax break; they wer…
Microsoft Attacks ‘Moonlighting’ Google with Viral Video
Justin Sullivan/Getty Images(REDMOND, Wash.) — In an amusing viral marketing video, Microsoft has gone on the offensive, attacking Google Docs, the search giant’s collaborative, online word processing tools.The video offensive is an effort to pr…
Obama Official: Corporate Tax Reform Proposal Would Cut Rate to 28%
Alex Wong/Getty Images(WASHINGTON) — The Obama administration is set to unveil a proposal on Wednesday that will call for lowering the country’s corporate tax rate to 28 percent, a senior administration official tells ABC News.Doing so would put the U…
Econet seeks $3.1 bn damages from Bharti Airtel
Lagos: Econet Wireless is seeking at least $3.1 billion in damages from Bharti Airtel in a dispute over ownership of its subsidiary Airtel Nigeria, according to a suit filed on Wednesday.The move follows a Nigerian court ruling on 30 January that Bhart…
Credit Card Disclosures: Effective or Not?
Comstock/Thinkstock(WASHINGTON) — Do credit card disclosures influence consumers’ financial behavior? And if so, do they influence it for the better or the worse? Both, a new study finds.The Consumer Financial Protection Bureau meets Wednesday t…
Obama to Promote Energy Policy as Gas Prices Rise
Win McNamee/Getty Images(WASHINGTON) — Playing defense on rising gas prices, President Obama plans to promote his energy policy in a visit to Miami on Thursday, senior administration officials said Tuesday.Administration officials said the president&r…
Johnson & Johnson CEO Bill Weldon Stepping Down
Cristina Arias/Getty Images(NEW BRUNSWICK, N.J.) — Johnson & Johnson has chosen a new CEO as it tries to recover from a series of product recalls. Effective April 26, 2012 — the day of the company’s annual shareholder’s meeting — current C…
Gas Prices Rise Again: Average Price Now $3.59
Kevork Djansezian/Getty Images(WASHINGTON) — Gas prices continued an upward climb, settling at an average price of $3.59 a gallon, according to the U.S. Energy Information Administration. In some places, consumers are already seeing gas prices over $4…
Greece Deal Boosts US Stocks to Highest Level Since 2008
Hemera/Thinkstock/ABC News(NEW YORK) — The Dow Jones industrial average closed up Tuesday after hitting the intra-day high of 13,000 for the first time since May 2008. The stock index is at a nearly four-year high, closing just under 13,000. The Dow c…
