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The Chronicle Telegram in Elyria, Ohio

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Jan 15, 2011

Page

4

IRS boosts whistleblower rewards on tax cheats

The IRS proposes new rules to broaden eligibility for whistleblower rewards aimed at big tax cheats. The changes allow payments when tips prevent illegitimate refunds or reduce tax credits, expanding beyond tips that yield additional taxes due. Senator Grassley says the move should improve program participation.

Washington Internal Revenue Service IRS Frank Keith Chuck Grassley Iowa Grassley Tax Collecting Agency

FTC to Review Riddell Helmet Claims

FTC Chairman Jon Leibowitz said the agency will examine marketing claims that certain football helmets reduce concussions. He noted the concerns raised by Senator Tom Udall and pledged to determine appropriate enforcement actions based on truthfulness and substantiation of injury-risk claims.

Washington Federal Trade Commission FTC Jon Leibowitz Tom Udall DN M Associated Press Leibowitz Udall

Record high holiday spending hides inflation and population push

Holiday spending totaled 462 billion, surpassing 2007’s peak, but price rises and population growth skew the figure. Inflation-adjusted spending would need reach 478 billion to match pre recession levels, with per person purchases actually lower than years ago. NRF notes November strong, December softer, amid an improving consumer mood.

National Retail Federation U.S Chris Christopher IHS Global Insight NRF

Time Warner Cable may blackout Sinclair stations in New York

Time Warner subscribers face potential loss of Fox CBS and ABC affiliates after an extended contract talks with Sinclair Broadcast Group. If blocked, Time Warner will replace signals with feeds from nearby stations while preserving NBC carriage. The move could limit local news coverage but keep network programs like Glee and Desperate Housewives on air.

Time Warner Sinclair Broadcast Group Inc Sinclair Fox CBS ABC NBC

JPMorgan Chase Posts 47 Percent Q4 Income Rise

JPMorgan Chase & Co. reports a 47 percent increase in income for the final quarter of 2010 as fewer borrowers defaulted. The bank plans to raise its dividend pending Federal Reserve approval amid the Fed's comprehensive health review of major banks.

New York Jpmorgan Chase & Co Federal Reserve Fed U.S

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