heraldsun.com: business

Web retailers, states tussle over tax rules
NEW YORK -- In a big break for online shoppers, Web retailers generally don't have to charge sales taxes in states where they lack a store or some other physical presence.

IOUs spell uncertainty for Calif. small businesses
BERKELEY, Calif. -- Business consultant Katrina Kennedy has taken her young son out of preschool and put a family vacation on hold. Dairyman Mike O'Kelly is wondering whether he is going to have to let employees go.

•	Venezuela assumes control of Spanish-owned bank
	President Hugo Chavez's government assumed control of Venezuela's third-largest bank on Friday — making the state the largest player in the nation's banking system.

•	Job seekers seek solace with fellow faithful
	Her fellow job seekers offer knowing groans as Diane Castro recalls the day she was laid off: The fear of being summoned to the front office. The phones in nearby cubicles going off like grenades. Finally, a ring at her desk.

•	Judge OKs continued freezing of financier's assets
	A federal judge has granted the Securities and Exchange Commission's request to continue freezing the assets of a California financier charged in a fraud case involving hundreds of millions of dollars.

•	Jobless data sends stocks reeling; Dow loses 223
	The stock market found little to celebrate heading into the long holiday weekend.

•	Feds seize Madoff penthouse, wife leaves
	Federal marshals seized disgraced financier Bernard Madoff's $7 million Manhattan penthouse on Thursday and forced his wife to move out and leave her possessions behind, including a fur coat she had asked to take with her, an official told The Associated Press.

•	JetAmerica discount airline delays launch
	A fledgling discount airline is having trouble getting off the ground.

•	Chrysler's product lineup struggles in showrooms
	The latest numbers on auto sales show that Chrysler needs to quickly figure out how to navigate the car market as deftly as it did bankruptcy court.

•	Bank of America sets $713 million TARP payment
	Bank of America Corp. said Thursday its board has authorized roughly $713 million in dividend payments to the U.S. government under the troubled asset relief program.

•	Buzz: Flea Market fan opens her own thrift shop
	New: A new clothing and accessories store has opened on Hillsborough Road. Called Pit To Palace Accessories, the store carries handbags, jewelry, sunglasses and new and used clothing for men and women.

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