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- Men's Wearhouse ousts founder Zimmer
(Reuters) - Apparel retailer Men's Wearhouse ousted Executive Chairman George Zimmer, the face of the company founded 40 years ago, sending its shares down as much as 6 percent. The company, which gave no reason for the dismissal, also postponed its annual shareholder meeting scheduled for later on Wednesday in order to renominate existing directors without Zimmer. "The board expects to discuss with Mr. Zimmer the extent, if any, and terms of his ongoing relationship with the company," Men's Wearhouse said in a terse statement. ...
- Switzerland buries U.S. tax law, banks seen at risk
By Ruben Sprich BERNE (Reuters) - Swiss lawmakers dealt a death blow on Wednesday to a draft law which aimed to protect the country's banks from criminal charges in the United States for helping wealthy Americans evade tax. The Swiss government has warned that the bill's failure could prompt impatient U.S. prosecutors to indict banks, though it could still use an executive order to allow them to hand over data to try to avoid criminal charges. ...
- Playmate admits helping boyfriend in US illegally
SYRACUSE, N.Y. (AP) — A former Playboy Playmate has admitted helping her Canadian boyfriend after he illegally entered the United States in northern New York last summer.