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,...

(Reuters) -Proxy advisory firm Egan-Jones on Thursday recommended Norfolk Southern ( NSC ) shareholders elect all seven of hedge fund Ancora Holdings' proposed director candidates to the railway's 13-member board and replace its chief executive officer at next week's election. Egan-Jones is the third proxy advisory firm to support Ancora director candidates after Institutional Shareholder Services supported five of Ancora's...

May 2 (Reuters) - Airbus has called for financial compensation to take on money-losing operations from Spirit AeroSystems ( SPR ), a demand that has emerged as one obstacle to a tie-up deal between the supplier and its main customer Boeing ( BA ), people familiar with the matter said. Spirit and Airbus executives are holding talks in New York,...

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