Women hold about one-third of all private-sector tax positions, up slightly from 2002, according to a study by TaxDiversity. Women filled 18% of top tax positions at corporations in 2009, compared with 17% in 2002.
A group of regulatory agencies led by the Federal Deposit Insurance Corp. announced this month that "prudent" small-business loans "will not be subject to supervisory criticism." The move is intended to help small businesses to secure loans from banks.
Apple's considerable cash holdings "will come in handy," CEO Steve Jobs told shareholders at the company's annual meeting. The company had about $25 billion in cash and short-term securities as of Dec. 31.
Michael Carpenter, chief executive officer at GMAC, said at a congressional hearing that the company's financial-services division is interested in launching an initial public offering in the next couple of years. Officials from the Treasury Department said GMAC is well-capitalized and probably will not need more state aid. "No, I certainly hope not," Jim Millstein, chief restructuring officer at the Treasury, told members of the Congressional Oversight Panel.
A former CEO of Kmart has been ordered to pay more than $10 million for misleading investors about the company's finances before its 2002 bankruptcy. Charles Conaway was fined $2.5 million and ordered to repay a $5 million loan and about $2.7 million in interest. Conaway's lawyer said his client plans to appeal.