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In the past, corporations could deduct from their taxes only a small portion of the losses incurred by a company they acquire. The rule, commonly called Section 382, eliminated the practice of companies' avoiding taxes by buying failing corporations just for their losses.

Author: /time Magazine | Title: New Tax Rules: The Hidden Corporate Bailout | 12/10/2008 | See Source »

Houghton Mifflin Harcourt •disinclination of to acquire new books to publish is announced by

Author: /time Magazine | Title: Paul Slansky's Weekly Index of the News | 11/28/2008 | See Source »

In a departure from normal practice, the Commission released documents from their January raids meant to expose the schemes. "We need to identify options to obtain or acquire patents to limiting the freedom of operation of our competitors," said one passage from a document seized from one unnamed company.

Author: /time Magazine | Title: Big Pharma Faces a Crackdown in Europe | 11/28/2008 | See Source »

The test of a collector is to acquire the most treasure for the least money. It was during the Depression that my grandfather became a great collector. He was not born rich, but he had a genius for money, especially for primitive and "odd and curious" currencies. In 1934, the...

Author: /time Magazine | Title: Barack Obama, and the Rush For Election Souvenirs | 11/26/2008 | See Source »

Why did media tycoon Murdoch suddenly agree to grant Vanity Fair columnist Wolff unprecedented access to himself (nearly 50 hours of interviews), his family and his business associates? No one is really sure, least of all Wolff. The hard-charging 77-year-old mogul must be aware that for many...

Author: /time Magazine | Title: The Skimmer | 11/26/2008 | See Source »

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