President Barack Obamas proposal to tax the offshore profits of U.S. corporations could encourage all but the largest companies to follow their cash hoard overseas, according to business leaders and tax lawyers.

The Principal is among the first in the industry to do so, following AIG's entry in the fall.

Hovensa LLC, an oil refinery that operated in the U.S. Virgin Islands, is abandoning its pension plan after shuttering operations in 2012.

Napping on the job? More and more companies relax about it.