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    LATEST TAXES AND REVENUE NEWS

    NEW YORK, NY-- - Apollo Commercial...
    NEW YORK, NY-- - Apollo Commercial Real Estate Finance, Inc. announced today the estimated Federal income tax treatment of the Company's 2011 distributions on its common stock . The Federal income tax ...
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    Citigroup cut investment bank bonuses by 30 percent: report (Reuters)

    George Eastman (L), founder of the Eastman Kodak Company, is shown with fellow inventor Thomas Edison, in this undated publicity photograph from the George Eastman House International Museum of Photography and Film's press site. Eastman Kodak Co, which invented the hand-held camera and helped bring the world the first pictures from the moon, has filed for bankruptcy protection January 19, 2012, capping a prolonged plunge for what remains one of America's best-known companies. The 130-year-old photographic film pioneer, which had tried to restructure to become a seller of consumer products like cameras, said it had also obtained a $950 million, 18-month credit facility from Citigroup to keep it going. REUTERS/Courtesy George Eastman House International Museum of Photography and Film/Handout (UNITED STATES - Tags: BUSINESS) NO SALES. NO ARCHIVES. FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS. THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. IT IS DISTRIBUTED, EXACTLY AS RECEIVED BY REUTERS, AS A SERVICE TO CLIENTSReuters - Citigroup has cut bonuses for its investment banking division by about 30 percent on average, Bloomberg said, citing a person briefed on the matter.




    PG&E fined $16.8M for shoddy gas leak surveys (AP)
    AP - State regulators plan to fine Pacific Gas & Electric Co. $16.8 million for failing to perform gas leak surveys in the wake of a deadly pipeline explosion in a San Francisco suburb in 2010.

    Obama administration bolsters homeowner lifeline (Reuters)

    A new home development is shown in Miami in this January 26, 2010 file photo. Housing-related stocks declined after data showed sales of new single-family homes fell for the first time in four months in December of 2011 and were shy of Wall Street expectations. The data followed the soft pending home sales report on January 25, 2012 and dented optimism that the housing market may have reached a bottom.  REUTERS/Joe Skipper/Files   (UNITED STATES - Tags: BUSINESS REAL ESTATE)Reuters - The Obama administration, in an election-year bid to help distressed homeowners, on Friday expanded its main foreclosure prevention program, and pushed for Fannie Mae and Freddie Mac to forgive mortgage debt.





     
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    How Fastenal Is Vending a Success Story (The Motley Fool)
    The Motley Fool - Industrial and construction materials supplier Fastenal (Nasdaq: FAST - News) has significantly upped its market presence lately with the expansion of its industrial vending machines -- dubbed a "one-stop shop" to replenish supplies.

    Attention Investors: More Fruits and Veggies From ConAgra! (The Motley Fool)
    The Motley Fool - Packaged foods giant ConAgra Foods (NYSE: CAG - News) looks set to expand its presence outside U.S. borders, as it plans to acquire Del Monte Canada from an affiliate of private equity firm Sun Capital Partners for an undisclosed amount.

    Subpoenas issued to financial firms in expanded probe (Reuters)
    Reuters - The Justice Department issued civil subpoenas to 11 financial institutions as part of a new effort to investigate misconduct in the packaging and sale of home loans to investors, Attorney General Eric Holder said on Friday.

    GOP Candidates Spar on Freddie Mac and Fannie Mae (ContributorNetwork)
    ContributorNetwork - American taxpayers have contributed more than $183 billion to bailout mortgage lenders Freddie Mac and Fannie Mae in the years following the housing collapse, according to CNN. Given this considerable burden, the Republican presidential candidates were asked if they played any role in aiding these two firms and how they plan on helping distressed homeowners.

    2 Positives From BNY Mellon's Otherwise Timid Quarter (The Motley Fool)
    The Motley Fool - A risk-averse environment and lower trading levels resulted in mediocre results for U.S. trust banks. The largest of them all, Bank of New York Mellon (NYSE: BK - News), recorded a 26% fall in fourth-quarter profits on account of lower fee revenues.

    Justice unit to probe mortgage-backed securities (AP)

    Attorney General Eric Holder announces the formation of the Residential Mortgage-Backed Securities Working Group, Friday, Jan. 27, 2012, during a news conference at the Justice Department in Washington. President Barack Obama directed Holder to collaborate with several state attorneys general and other federal entities to investigate those responsible for misconduct contributing to the financial crisis through the pooling and sale of residential mortgage-backed securities. This working group will be operated out of the President's Financial Fraud Enforcement Task Force, which is chaired by Holder. (AP Photo/Cliff Owen)AP - Federal and state law enforcement officials announced Friday they have launched a fraud-fighting unit, starting with 55 prosecutors and investigators, to root out wrongdoing in the market for residential mortgage-backed securities.




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