WASHINGTON – President Donald Trump has touted his tax overhaul as a once-in-a-generation opportunity. Yet the plan Senate Republicans have embraced could force lawmakers to rewrite the tax code repeatedly for years to come. Continue Reading Below The main reason is that some of its key planks are set to […]
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GOP senator: Wealthy invest, others spend on booze or women
WASHINGTON – A top Republican senator is defending GOP efforts to reduce the hit to the wealthy from the federal estate tax because it helps those who invest rather than people who spend their money on “booze or women or movies.” Continue Reading Below Seven-term Iowa Sen. Chuck Grassley, a […]
Space Launch System Delay Gives SpaceX Some Room to Breathe
All of a sudden, the moon is looking attractive again. Continue Reading Below After years of hearing anyone and everyone talk about how America needs to go to Mars, in 2017, talk began shifting back to whether visiting the moon — and maybe even setting up a way station there […]
2 Bargain Stocks You Can Buy Today
The Dow Jones Industrial Average and S&P 500 are at record highs right now, and many sectors — tech in particular — have seen huge gains as well. But there are some companies that, despite the market’s overall rise, still look relatively inexpensive. Continue Reading Below IBM (NYSE: IBM) and Ultra Clean […]
CVS-Aetna deal to change how big employers buy health benefits
NEW YORK (Reuters) – CVS Health Corp’s (CVS) proposed purchase of Aetna Inc (AET) will change the way many major U.S. corporations buy health coverage for employees and raise new questions over the cost of those benefits, benefit consultants said. Continue Reading Below CVS on Sunday said it planned to buy Aetna for […]
BlackBerry loses payment dispute with Nokia, to pay $137M
HELSINKI/TORONTO (Reuters) – An arbitration court ordered smartphone pioneer BlackBerry Ltd to pay $137 million to Nokia to settle a payment dispute and the Canadian company said it would pursue a separate patent infringement case against the Finnish firm. Continue Reading Below The International Court of Arbitration ruled earlier this […]
GNC cancels funding plans, seeks alternatives
NEW YORK – GNC Holdings Inc. cancelled a sale of senior notes and its plans to borrow more as it considers other options to raise funds. Continue Reading Below The Pittsburgh-based nutritional supplements company retained Goldman Sachs as its strategic adviser. The company did not specify its options, though a […]
Insurer Hartford to sell life, annuity unit in $2.05B deal
Dec 4 (Reuters) – Insurer Hartford Financial Services Group said on Monday it would sell its life and annuity unit to a group of investors in a deal valued at $2.05 billion, as it looks to focus on its property and casualty businesses. Continue Reading Below The unit, Talcott Resolution, […]
You’ll Never Guess How Much You Need to Earn to Buy a Typical Home in These Cities
Most Americans would like to own their own home, but that’s easier said than done — more so in some locations than others, because of great fluctuations in home prices from region to region. It’s true that many jobs pay a little more or less in certain metropolitan regions, because […]
Why Mattel, Inc.’s Shares Popped 29% in November
What happened Continue Reading Below Shares of toymaker Mattel, Inc. (NASDAQ: MAT) jumped 29.2% in November, according to data provided by S&P Global Market Intelligence, driven by news that Hasbro, Inc. (NASDAQ: HAS) has approached the company about a buyout. No deal is imminent, but it appears to be more […]