Archive for March, 2014

By Danielle Douglas Attorney General Eric Holder announced the findings of a Department of Justice investigation into the Toyota recall of vehicles with dangerous floor mat issues during a news conference on Wednesday. DOJ ordered Toyota to pay a fine of $1.2 billion.  For years, Toyota Motor Corp. lied to regulators, Congress and the public […]

Technology makes it easy nowadays to hold conference calls at the kitchen table, check emails in the bathtub and type reports on the living room couch. But the taxpayer who tries to claim the kitchen, the bathroom or the living room as a home office on a tax return is apt to set off alarm bells at the IRS, experts say.

By Amrita Jayakumar Men’s Wearhouse agreed to buy Maryland-based Jos. A. Bank on Tuesday in a deal worth $1.8 billion, which satisfied both parties and ended nearly six months of hostilities between the two companies. A man walks past a Men’s Warehouse store in New York City. The battle over men’s clothing is finally over. […]

By Andria Cheng The drama between Jos. A. Bank and Men’s Wearhouse has finally come to an end, with the former — the smaller of the two companies — securing an admirable $1.8 billion offer from the latter. The saga will be remembered in the retail sector record books, industry watchers said. Both companies’ stocks […]

Men’s Wearhouse said it would acquire rival Jos. A. Bank Clothiers for about $1.8 billion, ending a five-month takeover battle that started with Jos. A. Bank offering to buy its larger menswear rival. The companies, operating in a mature market, have bid and counterbid for each other since October when Jos. A. Bank offered to […]