Calpers After Scandal Embraces Risk for Pensioners Facing $240 Billion Gap

Joe Dear is giving a pep talk to more than two dozen colleagues at the California Public Employees’ Retirement System. As Dear paces before his people on this July afternoon in Sacramento, he implores them to shake off the funk of the pension fund’s recent troubles.

Aiding the Decision

Cornell's decision to match financial aid offered to incoming students by other Ivies is a positive step for the University. But questions of equity remain. read more

How GM Made $30 Billion Appear From Thin Air: Jonathan Weil

It will be a long time before General Motors Co. can shake the stigma of being called Government Motors. Here’s another nickname for the bailed-out automaker: Goodwill Motors

Tax Attributes and Changes of Ownership

A critical feature of almost every chapter 11 case involving a business that is attempting to reorganize by reworking its capital structure is preserving to the fullest extent possible the company's ability to use its existing net operating losses ("NOLs") to offset future income of the reorganized or successor entity for tax purposes.

How to structure a cash-saving instalment plan

For some kinds of income, the taxman will demand quarterly payments. Here are some ways to keep money in your pocket a bit longer