News

The Labor Department has released a 15-page memo on how a company should distinguish between employees and independent contractors. The guidance is meant to clarify the department’s approach to determining employer compliance rather than introducing new rules, said David Weil, […]

U.S. retail sales dipped 0.3% in June from the previous month, according to the Commerce Department, missing economists’ forecasts for an increase of 0.2% to 0.3%. Sales fell in eight of 13 major categories, including furniture, clothing, building materials and […]

Speaking at an IRS Nationwide Forum in Fort Washington, Md., the deputy director of the IRS Office of Professional Responsibility warned practitioners that they should exercise due diligence when advising clients on emerging tax issues. He singled out foreign accounts, […]

German Chancellor Angela Merkel, French President Francois Hollande and Greek Prime Minister Alexis Tsipras have hammered out a rescue agreement for Greece that is unanimously supported by other eurozone leaders. European Council President Donald Tusk tweeted that a rescue program […]

The International Monetary Fund has changed its projection for world growth in 2015 to 3.3%, down from a 3.5% estimate in April. The IMF cites a slowdown in the U.S. economy, which it expects to expand 2.5% this year, down […]

The New York Stock Exchange abruptly shut down at 11:32 a.m. EDT and remained down for almost four hours, unnerving investors. NYSE President Thomas Farley said the problem “likely had to do with an upgrade, but that is premature, and […]

EU leaders have given Greece until Thursday to deliver a proposal to international creditors and have set a Sunday deadline for agreement to end the debt crisis. European Commission President Jean-Claude Juncker says his staff is prepared for potential outcomes, […]

The pension deficit for companies listed on the Standard & Poor’s 1500 index dropped more than 9% in June to reach $346 billion, according to Mercer. That suggests the pension deficit is $158 billion lower than it was at the […]

Greeks voted overwhelmingly against accepting international creditors’ bailout terms. Prime Minister Alexis Tsipras said he was open to resuming negotiations with lenders. However, it wasn’t clear how European leaders would respond. German Chancellor Angela Merkel and French President Francois Hollande […]