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PricewaterhouseCoopers

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  • Caterpillar avoided $2.4 billion in taxes, senator says

    WASHINGTON — Sen. Carl Levin, saying it was "long past time" to ensure that multinational U.S. corporations pay taxes on their overseas profits, took Caterpillar Inc. to task for an offshore strategy that helped the company avoid $2.4 billion in income taxes.
  • Today in corporate tax avoidance: Caterpillar's 'pink elephant'

    Today in corporate tax avoidance: Caterpillar's 'pink elephant'
    Forget about jazz; the true indigenous American art form is the tax dodge. Today brings us (courtesy of Sen. Carl Levin's subcommittee on investigations) an impressively elegant example from Caterpillar Inc. Elegant and lucrative too: Levin's...

    Airline mergers are good for airlines and fares, study concludes

    Airline mergers are good for airlines and fares, study concludes
    The nation’s airline industry has undergone so many mergers in the last decade that just four airlines and their regional carriers control more than 80% of all domestic air traffic. And despite warnings from consumer advocates, the merger mania is...

    Herbalife shares surge on word of clean new audits

    Herbalife shares surge on word of clean new audits
    Shares of Herbalife Ltd. stock surged more than 9% Monday after the company said its new accounting firm made "no material changes" after re-auditing three years of the company’s financial statements. The new audits were required because KPMG...

    Another analyst raises price target for Herbalife stock

    Another analyst raises price target for Herbalife stock
    This year, even bad news has ended up boosting Herbalife Ltd. stock. The latest example is the company's accounting difficulties. KPMG resigned as Herbalife's auditor in April after one of its partners admitted to an insider-trading scheme involving the...