September 2, 1999 |
Tax preparer H&R Block said Wednesday that it will buy the nation's fourth-largest discount broker as it pushes ahead with its bid to become a one-stop financial-services center. Block has agreed to acquire Detroit-based Olde Financial Corp., parent company of Olde Discount Corp., for $850 million in cash, for Block's largest purchase yet. The move would give Kansas City, Mo.
February 26, 1989
Regarding the Feb. 9 story, "Celebrity Victims": After reading how wealthy entertainers were defrauded in outrageous tax-shelter schemes, I wept as I took my tax forms to H&R Block. When I recovered my composure, I asked myself this: Why were such social activists as Norman Lear, Sidney Poitier and Camille (wife of Bill) Cosby even tempted by such schemes? One would think that they use their considerable (some reformers might even say "obscene") wealth to further more worthy goals, such as low-cost housing for the underclass.
September 8, 1997 |
WorldCom Inc. agreed to buy CompuServe Corp. for almost $1.2 billion in stock and is in talks to buy an America Online Inc. unit to become the biggest provider of services to link businesses over the Internet, people familiar with the transaction said. CompuServe's board voted to approve the transaction Sunday morning, they said. CompuServe shareholders, including 80% owner H&R Block, will receive about $13 in WorldCom stock for each share.
January 15, 1986 |
Parade magazine reported Sunday, with some astonishment, that the $12 million he was paid for "Rocky IV" makes Sylvester Stallone the highest-paid actor in the world. Stallone's fee, said Parade, is twice that of Robert Redford's and Dustin Hoffman's. (Poor ducks, living hand-to-mouth on $6 million per picture.
February 23, 2013 |
As the adage goes, there's an app for almost everything, so with tax season in full swing it's not surprising that there are apps for filing taxes. Both H&R Block and TurboTax have apps that enable users to file taxes with their Apple or Android smartphones. But how good are they? Can users file their federal taxes with just a few taps on 4-inch screens? PHOTOS: Tech we want to see in 2013 That's what I set off to find out, and the answer for most people will probably be no. The H&R Block 1040EZ 2012 app, otherwise known as H&R Block at Home, and the TurboTax SnapTax app let users fill out a tax return and electronically send it to the Internal Revenue Service.
August 2, 1991
Tandon Corp., a Moorpark personal computer maker, said it sold several thousand computers worth more than $5 million to tax preparation company H&R Block Inc. Tandon said the order is one of its largest ever from a single customer. Tandon said the computers would be delivered to H&R Block by Oct. 1.
January 1, 2008 |
Former H&R Block chief executive Mark Ernst, who oversaw the tax preparer's failed sub-prime lending strategy, will receive a cash severance of $2.55 million and full vesting on 762,925 stock options, the company disclosed. H&R Block had ousted Ernst as the No. 1 U.S. tax preparer suffered huge losses on sub-prime lending at its Option One Mortgage Corp. unit. New management then closed Option One. The move, plus cutting 620 jobs, will trigger about $200 million in charges and write-downs, the company has said.