Business News – Internal Revenue Service, Twitter, IBM

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IRS eyes U.S. accounts at Caribbean bank
(Reuters) – The Justice Department said on Tuesday that a federal court had authorized the Internal Revenue Service to seek information on U.S. taxpayers who may have accounts at Canadian Imperial Bank of Commerce FirstCaribbean International Bank (FCIB).

Speed traders eyed after Twitter hack attack
WASHINGTON (Reuters) – The phony tweet from the Associated Press’ hacked Twitter account, which sparked a short-lived panic in the stock market a week ago by saying that President Barack Obama was injured in two explosions at the White House, underscored the need to look at regulating automated trading, the top U.S. derivatives regulator said on Tuesday.

IBM pulls the stock market out of a morning slump
NEW YORK (AP) — News that IBM will buy back more stock and raise its dividend helped pull major stock indexes out of a morning slump Tuesday.



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