The Panama Papers highlighted the world of offshore tax havens. Planet Money wondered how hard these shell companies are to set-up. This story originally aired on July 27, 2012 on Morning Edition.
A former coal executive was sentenced Wednesday to a year in prison and fined $250,000. In December, ex-Massey Energy CEO Don Blankenship was found guilty of conspiring to violate federal mine safety laws.
NPR's Ari Shapiro speaks with business strategies consultant Susan McPherson about reactions by corporations to the "religious freedom" law passed in Mississippi and similar laws in other states.
The former Massey Energy CEO also must pay a $250,000 fine for his role in a 2010 mining disaster that killed 29 miners.
The measure would delay payments on Puerto Rico's debt load, which is now more than $70 billion, until January 2016. Creditors say the measure violates prior agreements and the island's constitution.
A Florida dairy farmer has had to dump hundreds of gallons of skim milk from her creamery because she doesn't add vitamins back in. Legally, that makes it an "imitation milk product."
U.S. drug company Pfizer announced it has terminated its merger agreement with Ireland-based Allergan. Pfizer says the decision was driven by anti-inversion rules introduced by the U.S. Treasury.
Pfizer announced that the planned merger between the two pharmaceutical companies has been terminated because of a recent change in U.S. tax rules.