Reuters

By David Lawder

WASHINGTON (Reuters) - The Internal Revenue Service said on Thursday that it plans to sharply increase audit rates for big corporations, partnerships and multimillionaires over the next three years as it ramps up enforcement spending and hiring to boost collections.

Releasing an update of its strategic operating plan for spending $60 billion in funding from the 2022 Inflation Reduction Act, the IRS said it was targeting a... (continue reading...)

By Allison Lampert and Mike Stone

(Reuters) - Airbus has called for financial compensation to take on money-losing operations from Spirit AeroSystems, a demand that has emerged as one obstacle to a tie-up deal between the supplier and its main customer Boeing, people familiar with the matter said.

Spirit and Airbus executives are holding talks in New York, first reported by Bloomberg, to try and work through issues such as the European... (continue reading...)

By Harold Isaac

PORT-AU-PRINCE (Reuters) - The majority of Haiti's transition council who had nominated an interim prime minister earlier this week has walked back the decision, exposing the internal turmoil of the group charged with leading the Caribbean nation out of a prolonged crisis.

Late on Wednesday, four of the council's seven voting members issued a statement saying they will go back to an original agreement to choose a prime... (continue reading...)

By Jonathan Stempel and Koh Gui Qing

OMAHA, Nebraska (Reuters) - A longtime Berkshire Hathaway director said Greg Abel, who is expected to succeed Warren Buffett as chief executive, may not get the same leeway from the conglomerate's board of directors to make acquisitions.

Ronald Olson, a Berkshire director since 1997, said at an investing conference on Thursday that the board would not "handcuff" Abel from making acquisitions, in his... (continue reading...)

(Reuters) - Ticketmaster parent Live Nation Entertainment beat estimates for first-quarter revenue on Thursday, driven by the popularity of live events such as concerts, sending its shares up more than 3% in aftermarket trading.

High ticket prices amid rising demand for live events, at a time when more performers are gearing up for concerts, have benefited companies such as Live Nation.

Revenue rose 21% to $3.80 billion for the first... (continue reading...)