The short answer: Not much right away, although failing to pay creditors is never a good thing for a nation's creditworthiness
Coca-Cola’s North America president, Sandy Douglas, oversees a relaunch of America’s No. 1 soft drink
Four years after the Citizens United decision, out-of-state cash is flowing down to state races
Phony phone-bill items from third-party scammers date back almost 20 years
Yves Béhar's Public Office Landscape turns the workstation into a social hub
A Bluetooth-enabled sneaker from an India-based startup doubles as a fitness tracker and personal tour guide
After Virginia Tech and Miami of Ohio shut down their regional full-time MBA programs, who’s next?
Critics say the agency charged with keeping regulations from burdening small companies actually serves big corporate interests
Revenue (Latest Year): $16.4 billion
Average Tax Rate: 1.3%
FPL Group (FPL) is one of the most advanced utilities in the country. It operates 1,500 acres of solar electric systems in California's Mojave Desert. Its wind farms in 16 states can power more than 1.5 million homes. By investing in alternative energy over the past two decades, the company has avoided the need for 12 new power plants and kept significant amounts of carbon from the atmosphere. Those investments have also provided tax breaks worth hundreds of millions of dollars. Over the past four years, the Juno Beach (Fla.) company, has paid just $88 million in taxes on earnings of nearly $7 billion. To ensure those tax rules reach into the future, FPL employs a cadre of well-placed Washington lobbyists. In 2008, the company paid well over $500,000 to five top-drawer firms to make its tax case to Congress, the White House and the U.S. Treasury. FPL spokeswoman Jackie Anderson says the company is merely taking advantage of incentives to develop renewable resources.