Some of the nation’s biggest political donors, including some who spent $60 million supporting Republican Donald Trump last year, are among those who took advantage of offshore tax loopholes, according to leaked corporate documents made public Tuesday. Continue Reading Below The documents also name a top donor and former cabinet […]
FOX News
California approves rescue plan for shrinking Salton Sea
SAN DIEGO – California regulators on Tuesday approved a plan to spend nearly $400 million over 10 years to slow the shrinking of the state’s largest lake, a vital migratory stop for birds and a buffer against swirling dust in farming towns. Continue Reading Below Funding for the Salton Sea […]
Forbes says Commerce head overstated wealth by $2 billion
NEW YORK – Forbes reported Tuesday that Commerce Secretary Wilbur Ross exaggerated his net worth to the magazine by $2 billion. Continue Reading Below The publication cited years of internal reporting notes and conversations with Ross, an investor who has been described as “the king of bankruptcy” for buying beaten-down […]
Foes of Obama oil-gas rule ask court to reconsider ruling
DENVER – Opponents of some Obama-era oil and gas regulations say a decision by a federal appeals court in Denver could allow those rules to go into effect temporarily, even though the Trump administration plans to revoke them. Continue Reading Below Four states, two industry groups and a Native American […]
Apple’s controversial use of offshore tax haven isn’t illegal
A trove of leaked documents relating to offshore investments raised questions early this week about Apple’s (NASDAQ: AAPL) use of an Irish tax haven, a tactic that allowed the tech giant to avoid paying income taxes, saving billions of dollars in profit. Continue Reading Below For years, Apple stashed its […]
Sky says it could shut Sky News if Fox takeover blocked
British broadcaster Sky has said that it could shut down Sky News if its ownership of the channel proves to be an obstruction to the company’s 11.7 billion-pound ($15.4 billion) takeover by Rupert Murdoch’s Twenty-First Century Fox (FOXA). Continue Reading Below Fox’s 10.75 pound-a-share bid to acquire the 61 percent […]
This News From Competitors Discourages DISH Investors
Last month DISH Network (NASDAQ: DISH) investors pushed the company’s share price down 10.5% — but it had nothing to do with anything DISH did. Instead, the company’s rivals — particularly AT&T (NYSE: T) and Comcast Corporation (NASDAQ: CMCSA) — reported heavy customer losses in their third quarters and DISH investors were scared that it means […]
Why Expedia Inc. Stock Dropped 13% Last Month
What happened Continue Reading Below Shares of Expedia Inc. (NASDAQ: EXPE) were losing value last month as the online travel agency dipped on a weak third-quarter earnings report. According to data from S&P Global Market Intelligence, the stock lost 13% in October as revenue and profit growth slowed. The chart below shows, […]
Yellen says public trust in Fed ethics is critical
WASHINGTON – Federal Reserve Chair Janet Yellen said Tuesday that the Fed’s effectiveness critically depends on the nation’s confidence that the central bank is acting only in the public’s interest. Continue Reading Below Yellen said it is important for Fed officials to “demonstrate our ethical standards in ways that leave […]
Weight Watchers and Royal Caribbean jump; TripAdvisor dives
NEW YORK – Stocks that moved substantially or traded heavily on Tuesday: Continue Reading Below Weight Watchers International Inc., up $6.07 to $50.87 The weight loss company raised its forecasts for the year. Priceline Group Inc., down $257.28 to $1,645.72 Investors were disappointed with the online booking service’s forecasts for […]