University of North Carolina Professor Gregg D. Polsky wrote in the February 3 edition of Tax Notes that payments given by companies to their private equity owners are not characterized properly for tax purposes, The New York Times The Dealbook reported.
Legal & Regulatory
Hackers accessed Target via heating/AC subcontractor
Hackers responsible for the data breach on Target stores over the holiday season gained access using log-on credentials for heating, refrigeration, and air conditioning, according to a post on Krebs on Security written by former Washington Post reporter Brian Krebs.
US fund manager Michael Carsley intends to withdraw lawsuit against Australian horse betting club
Michael Carsley, a US fund manager, has informed an Australian court that he intends to drop a case against a horse betting club in the country that seeks to get back his losses, Bloomberg reported.
Adidas files lawsuit against Under Armour Inc for infringing on 10 patents on mobile fitness
Germany-based sporting goods maker Adidas AG has filed a lawsuit against Under Armour Inc for allegedly infringing on its patents related to mobile fitness, Bloomberg reported.
Regulators strips off accreditation of private equity-backed university in Chile
Chilean regulators have removed the accreditation of Universidad de las Americas, a university owned by Laureate Education where the honorary chancellor is former President Bill Clinton, Bloomberg reported.
Latest News
The hearing held by New York State banking regulator Benjamin M. Lawsky points to more regulation in Bitcoin's future, The New York Times The Dealbook reported.
Democrats of both the House and Senate have filed The Open Internet Preservation Act today in a bid to bring back net neutrality, TechCrunch reported.
The San Francisco Bay Conservation and Development Commission has told Google to move its mystery barge where construction is currently going on because it lacks the necessary permits, The Associated Press reported.
It may still be the first two months of the 2014 but redesigning Apple's iPad is probably the regulatory overreach of the year committed by the Federal Trade Commission, The Wall Street Journal reported.
The Committee on Foreign Investment in the United States or Cfius is expected to thoroughly scrutinize the $2.9 billion acquisition of Motorola's handset business by Chinese technology firm Lenovo.
Joaquin Almunia, the Competition Commissioner of the EU, still has to make a decision on allegations that Google abused its market dominance and the price discrimination claims made of Russia's Gazprom before his term ends, Reuters reported.
The Singaporean government launched iSTART, a financing program designed to fund the expansion of local telecommunication and mobile app startups into Indonesia, which could potentially be an avenue for growth for the Singaporean and IT industry.
Coupons.com, the online coupon firm backed by T. Rowe Price Group Inc and Passport Ventures, has filed for an IPO of up to $100 million with the US Securities and Exchange Commission, Reuters reported.
Applications filed with the US Department of Transportation by Easter Air Lines Group Inc in order to take the long-defunct Eastern Air back to the skies again, Reuters again.
