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January 7th, 2009
New York State Department of Taxation and Finance Commissioner Robert L. Megna today announced that a Hamburg, N.Y., used car salesman pled guilty to a felony tax charge for collecting and failing to remit to the state over $100,000 in sales taxes...

GMAC says it's made progress in reshaping ResCap
NEW YORK — — GMAC LLC , the financing arm of auto maker General Motors Corp ., said Thursday that it has made process in restructuring its ailing home mortgage subsidiary, but didn't go as far as to guarantee its future.

Treasurys down after $30 billion note auction
NEW YORK -- Treasury prices fell Wednesday despite a decent note auction, as investors grew more hesitant about pouring money into government debt.

Burnett Pays U.S. Army $15.5 Mil. to Settle Lawsuit
NEW YORK Leo Burnett will pay $15.5 million to resolve allegations that it overbilled the U.S Army when it handled the military service's account between 2000 and 2006, the U.S Department of Justice said today.

9:10 a.m. Macy’s will shut 11 stores in 9 states
NEW YORK (AP) — Department-store operator Macy’s Inc. said Thursday it will close 11 underperforming stores in nine states — affecting 960 employees — and lowered its forecast for the fourth quarter after one of the weakest holiday seasons in years. Joplin is not on the list.

Treasurys down after $30 billion note auction
(AP:NEW YORK) Treasury prices fell Wednesday despite a decent note auction, as investors grew more hesitant about pouring money into government debt. The Treasury Department sold a record $30 billion in three-year notes to more than twice as many bids as notes available.

Perdue picks BofA exec to lead Revenue
A Bank of America executive from Charlotte has been picked to run the state agency responsible for collecting taxes. Gov.-elect Bev Perdue named Kenneth R. Lay, 60, as secretary of the Department of Revenue. Perdue praised Lay for his long career in finance and business management. Lay is most recently a marketing and information technology executive. “I can't tell you how honored and privileged ...