Latest Articles

Published by Dollars and Sense | By Christopher Moraff | Sunday, January 15, 2006

Between 2002 and 2005, St. Augustine, Fla., exercise equipment vendor Raul Espinosa watched mystified as, one after another, a series of Air Force contracts he had placed bids on were given to other companies. Of the 14 bids that Espinosa has documented, his company, FitNet International, did not win one. To his surprise, Espinosa learned that some of the competitors he was losing contracts to had never even bothered to bid on them.

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Published by The New York Times | By Lynnley Browning | Friday, January 13, 2006

A revised indictment, handed up last October, accused the 19 of "devising, marketing and implementing fraudulent tax shelters" as well as preparing "false and fraudulent" income tax returns containing the shelter losses, and with hiding all of this from the government. The case is the largest criminal tax case ever filed by the government.

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Published by Washington Post | By Charles R. Babcock | Friday, January 13, 2006

The federal government has sent nearly 600 auditors and investigators to the Gulf Coast region to monitor $8.3 billion in contracts awarded to help victims of last year's hurricanes, according to year-end figures released by the Department of Homeland Security.

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Published by Reuters | By Ellen Wulfhorst | Friday, January 13, 2006

Attorneys argued in federal court on Thursday over whether homeowners whose property fell victim to an oil spill from Hurricane Katrina can band together and sue Murphy Oil Corp in a class-action lawsuit.

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Published by The New York Times | By Michael Barbaro | Friday, January 13, 2006

The Maryland legislature passed a law Thursday that would require Wal-Mart Stores to increase spending on employee health insurance, a measure that is expected to be a model for other states.

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Published by Associated Press | By | Thursday, January 12, 2006

The Army is expected to cancel a Lockheed Martin Corp. contract to build a new spy plane, according to industry and Pentagon officials, despite efforts by the defense contractor to solve problems that include lightening the plane's weight.

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Published by Associated Press | By Lara Jakes Jordan | Thursday, January 12, 2006

In one instance, investigators found that mathematical errors contributed to $3 million in overbilling by a private contractor providing food and lodging at base camps across Louisiana.

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Published by Associated Press | By | Thursday, January 12, 2006

Michael D. Eisner, former chief executive of the Walt Disney Company, received $10.1 million in compensation last year, including a $9.1 million cash bonus, according to the company's annual proxy statement filed Wednesday.

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