Rep. Charlie Rangel, D-N.Y., has proposed a plan to eliminate the alternative minimum tax, designed in 1969 to ensure wealthy Americans paid their fair share of taxes but which was never indexed for inflation. Rangel and Rep. James McCrery, R-La.,…
DaimlerChrysler agreed to sell the majority stake of its Chrysler Group, the third-largest car manufacturer in the United States, for $7.4 billion Monday to private equity firm Cerberus Capital Management. Two journalists discuss the deal's impact on the carmaker's future.
Blackstone Group, a private equity firm, acquired Equity Office Properties Trust for $39 billion on Wednesday, the largest-ever private equity deal. Two business experts discuss the deal and the future of private equity in the business world.
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