WASHINGTON -- Failure to pay taxes usually is bad news for most Americans, but apparently not for some employees of the Internal Revenue Service �- they received performance bonuses from the agency despite failing to submit what they owed.
NEW YORK (TheStreet) -- Major U.S. stock markets were slipping Wednesday amid tepid Chinese economic data and a 14.5% drop in new-home sales.
... Stocks. * S&P 500, Nasdaq coming off six-day winning streak. * Boeing rallies after results, outlook; AT&T drops. * Biotech shares lower after results, but Gilead gains.
... Stocks. * Adjusted Q1 profit 33 cents/share Vs 29 cents estimate. * Operating margin to expand in current quarter. * Shares up 5 percent as other airlines gain.
Boxes of Allergan Inc. Botox cosmetic are arranged for a photograph at a doctor's office in Manhattan Beach, U.S. Valeant is offering Allergan investors $48.30 in cash and 83 percent of a Valeant share for each one of Allergan.