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IRS Writes New Accounting Rules for Asset Repairs

The Internal Revenue Service issued new rules to clarify the difference between a business expense that is a repair and tax-deductible and one that is an improvement but not deductible right away.
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Italy antitrust body fines Apple for misleading customers

Italy's antitrust body has fined units of U.S. technology group Apple Inc a total of 900,000 euros for failing to adequately inform customers about their rights to product guarantees and assistance.
Europe's Markets

Europe's Markets Inch Higher Tuesday at Mid-Day

European stocks crept higher on Tuesday, catching the tailwind of a pre-holiday U.S. rally, while the euro was hamstrung by the prospect of a large Italian debt auction later in the week.
Best Deals in Post-Holiday Sales Season

U.S. stores hope Mega Monday led to brisk sales

Shoppers found a mixed bag of bargains and so-so deals on Monday, as a day off for many Americans lured some out for what was likely to be the third-busiest shopping day of the holiday season.
Consumer Confidence Slips

U.S. stores hope for Mega Monday of brisk sales

Retailers were bracing for a busy day on Monday, as a day off for many Americans and warm, dry weather were expected to entice shoppers looking for deep discounts.
SOPA is Dead

What is SOPA Bill 2012? 7 Things to Know About Controversial Legislation

As Congress debates the Stop Online Piracy Act and Go Daddy suffers for its early support, many Americans still don't know exactly what SOPA bill is or how it would affect their day-to-day lives. Here, read a complete and easy-to-grasp guide of the controversial bill and why it's so dangerous, from why it's supported to the threat of censorship it poses.
Tent city in Zuccotti Park

Building New York: Biggest Real Estate News in 2011

Sometimes, New York feels like its own country. Even as the rest of the U.S. struggles in the face of a down housing market, the New York of 2011 saw skyscrapers charge ever upwards, with pricing inevitably following. It is truly the global city, with developers, buyers and architects from around the world gathering to shape the future. Here are five of the biggest developments of 2011.
Samsung Galaxy S2 Skyrocket and Nokia Lumia 800

Samsung Galaxy S2 Skyrocket Dwarfs Nokia Lumia 800

Nokia's best high-end smartphone - the Lumia 800 - which is the fruit of its partnership with Microsoft is rumored to hit the U.S. market in January 2012. It will, however, face heavy competition from Samsung's Galaxy S2 Skyrocket, which has more specifications when compared to Lumia 800.

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