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Business
H&R Block Braces for Late Income Tax Filing Rush
KANSAS CITY, Mo. - H&R Block Inc. is bracing for what could be a make-or-break final stretch of this year's income tax season. The nation's largest tax preparer reported better-than-expected earnings for its fiscal third quarter Friday.
Madoff May Be Ready to Take a Deal
NEW YORK - Bernard Madoff has taken steps that suggest he could plead guilty as early as next week to charges that he carried out one of the biggest financial frauds in history, lawyers said Friday. Madoff, 70, is waiving his right to have a grand jury hear the government's case against him, agreeing instead to be charged directly by prosecutors, a step defendants take when they are preparing to plead guilty in a case.
Wells Fargo Cuts Dividends by 85%
NEW YORK - Following the lead of other major banks, Wells Fargo & Co. said Friday it will slash its dividend by 85 percent to shore up its capital base. The bank, which is still digesting the acquisition of Wachovia Corp., said cutting its quarterly payout from 34 cents a share to 5 cents would result in $5 billion in annual savings.