SAN JOSE — Here in the wealthy heart of Silicon Valley, the roads are pocked with potholes, the libraries are closed three days a week and a slew of city recreation centers have been handed over to nonprofits. Taxes have gone up even as city services are in decline, and Mayor Chuck Reed is worried.
Swiss banking giant Credit Suisse helped wealthy Americans hide billions of dollars from U.S. tax collectors for several years and federal prosecutors have done little to hold violators accountable, according to a U.S. Senate subcommittee report due out Wednesday.
Airline operator Regional Express Group (Rex) says the regional aviation sector needs government help to save it from collapse.
A firm representing shareholders of Washington Real Estate Investment Trust asked the company’s board this week to either explain where the company was headed or put it up for sale.
In this month’s Recall Roundup, recalls are here to protect babies’ fingers, adults’ wrists, and anyone who uses a toilet.Read More >
Houses and cars. They fatten the economy and thin our wallets. Without them, recoveries don't feel like recoveries. The real estate and auto industries account for $1 in every $2 spent by the typical U.S. family, according to the Bureau of Labor Statistics. Here's your color wheel of spending...Read More >