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Senate Pries More Details Over IRS Officials Over Scandal

A U.S. Senate panel will try on Tuesday to pry more details out of current and former officials of the Internal Revenue Service about the agency's targeting of conservative groups for extra scrutiny when they sought tax-exempt status.Lawmakers are also expected to demand answers about why officials did not earlier share with lawmakers evidence that IRS workers in Cincinnati, Ohio, had inappropriately focused on search criteria that included "Tea Party" and "patriots."A Senate Finance Committee hearing will give members the first public opportunity to question former IRS Commissioner Douglas Shulman, who headed the tax-collection agency from 2008 to late 2012, during which the targeting occurred.Senators will likely seize on Shulman's congressional testimony in late March 2012 that no groups were being targeted for extra scrutiny by the tax agency.It has since emerged that the behavior started in March or April of 2010 and continued for 18 months.A Treasury Department watchdog has said ...

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  1. Bloomberg Apologizes for Terminal Snooping

    The editor-in-chief of Bloomberg News apologized on Monday for his reporters accessing client information obtained from the company's financial terminals as the Fede...

  2. Drugmaker Actavis in Talks to Buy Warner Chilcott

    Generic drugmaker Actavis Inc, formerly Watson Pharmaceuticals, said on Friday that it was in early stage discussions to buy specialty pharmaceutical company Warner ...

  3. Report: Wal-Mart Mulls CEO Successors

    Retail giant Wal-Mart Stores (NYSE:WMT) has reportedly picked a pair of top internal execs as possible contenders to succeed current CEO Mike Duke. According to Bloo...

  4. Report: Ex-CIA Chief in Talks to Join KKR

    Former CIA Director David Petraeus, who resigned last year amid a scandal, is reportedly in talks with KKR (NYSE:KKR) about joining the private-equity firm.Landing P...

  5. Report: Twitter Eyes TV Content Deals With Viacom, NBC

    Eyeing more lucrative video advertising, Twitter is reportedly in talks with Comedy Central parent Viacom (NYSE:VIA) as well as NBC Universal about hosting TV clips ...

  6. Probe of Media's Handling of Economic Data Revived

    U.S. law enforcement officials have reversed a decision to wind down an investigation into how news agencies handle the release of economic data to investors, concer...

  7. Memo: Dell Plans to Overtake H-P in Server Market Share

    Despite the M&A uncertainty hovering over Dell (NASDAQ:DELL), the PC maker's founder and CEO reportedly told employees this week that his transformation efforts are ...

  8. Report: Michael Dell Demands CEO Guarantee in Bid

    Using his 15.6% stake in Dell (NASDAQ:DELL) as leverage, Michael Dell will reportedly only back a buyout bid from Blackstone Group (NYSE:BX) if the private-equity gi...

  9. Report: Ericsson in Talks to Buy Microsoft's TV Software Unit

    Swedish network equipment vendor Ericsson (NASDAQ:ERIC) is in talks to buy Microsoft's (NASDAQ:MSFT) software unit that allows phone companies to provide television ...

  10. Tech Wars Heat Up: Samsung Working on Wristwatch

    Building on its escalating rivalry with Apple (NASDAQ:AAPL), electronics giant Samsung revealed on Tuesday it is developing a wristwatch-like device that could rival...

  11. Blackstone Explores Higher Dell Buyout Bid

    With the clock ticking on Dell's go-shop period, private-equity giant Blackstone (NYSE:BX) is reportedly considering trumping Michael Dell and Silver Lake Partners' ...

  12. Hedge Fund Giant Paulson: 'No Plans' to Flee to Puerto Rico

    In the wake of reports indicating he may flee New York for tax purposes, billionaire hedge fund titan John Paulson on Friday said he has "no plans" to relocate to Pu...

  1. Dow, S&P Stall Near Record Highs

    FOX Business: Capitalism Lives HereThe Dow and S&P bounced about all-time highs as traders responded to generally weak economic data and mixed corporate news.Today's...

  2. Gloomy Data Send Wall Street Lower

    FOX Business: Capitalism Lives HereThe Dow and S&P 500 retreated from record highs on Thursday after a round of disappointing economic data shook traders' confidence...

  3. Futures Wobble as Traders Digest Data

    FOX Business: Capitalism Lives HereU.S. stock-index futures budged little on Thursday as traders mulled a slew of economic data and corporate news. Today's MarketsAs...

  4. JPM Demands Info on Terminal Snooping

    JPMorgan Chase & Co, (NYSE:JPM) one of the biggest customers of Bloomberg LP, said on Wednesday it has sent a formal legal request asking the financial data and news...

  5. FactSet Raises Dividend 13%, Shares Higher

    FactSet Research Systems (NYSE:FDS) raised its quarterly cash dividend by 13% on Tuesday, helping to send its shares up more than 2% in morning trade. The provider o...

  6. Bloomberg Client Messages Leaked Online

    More than 10,000 private messages sent by Bloomberg LP clients from their data terminals were leaked online during internal testing, the Financial Times reported. Th...

  7. WH Mum on Possible Terminal Snooping

    The Obama Administration declined to comment on whether Bloomberg News reporters may have snooped on White House officials who use Bloomberg financial terminals and ...

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