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...pedicab. But nearby, the rush for oil and gas is intense; last year, Russian, Thai and Vietnamese companies signed exploration deals with the junta. In late December, a consortium of four foreign companies, led by South Korea's Daewoo, inked an agreement with the junta and China National Petroleum Corp. to extract natural gas from Arakan's offshore Shwe fields and pipe it northeast through Burma to China's Yunnan province. The pipeline, along with a plan for a new deepwater port in Arakan where ships laden with Middle Eastern oil can dock and disgorge their valuable cargo, gives China...
...victims, the IRS said that those who are suing Madoff will be able to recover 75% of their net operating loss, while those not suing will be able to recover 95%. This does not, however, include monies recovered through filing claims with the Securities Investor Protection Corp., which...
...world has changed for print media. On Jan. 9, the Hearst Corp. announced that the financially strapped paper was for sale. If no buyer could be found within 60 days, the paper would be forced to close its doors or produce a Web-only version with a fraction of its staff. The P-I's demise is a sign of the times, coming in the wake of the Feb. 27 closure of Denver's Rocky Mountain News weeks short of its 150th anniversary, while the San Francisco Chronicle, another Hearst paper, has been put on notice that its days...
...since morphed into Facebook and Digg postings, and ever more creative tricks to harness the power of Google. And at least a few corporate owners are warming up to the notion of free content and copyright flexibility, as evidenced by the creation of hulu.com, a joint venture between News Corp. and NBC Universal that offers free online video, no strings attached...
...always the first go-to place for financial-fraud survivors trying to recoup lost money. But with the April 15 tax clock ticking, figuring out what to do about recovery, both from taxes and from the Securities Investor Protection Corp. (SPIC), has become a mind-boggling maze for accountants and their Ponzi-victim clients. At a hearing yesterday, Madoff pleaded guilty to his decades-long crime, was handcuffed and ordered to jail. Sentencing is scheduled for June, but he could potentially be sentenced to 150 years on 11 counts. (Read "The Madoff Hearing: A Guilty Plea, but No Catharsis...