___ Continue Reading Below Corporations to keep tax break lost by millions of Americans WASHINGTON (AP) — Millions of Americans would lose a prized tax break under President Donald Trump’s sweeping revamp of the tax code, but corporations would get to keep it. The Republican proposal would eliminate the federal […]
FOX News
Here’s how much money companies stashed overseas in 2016
Nearly three-quarters of Fortune 500 companies held some cash overseas last year, according to a new study, with tech giant Apple (AAPL) leading the pack. Continue Reading Below Seventy-three percent of Fortune 500 companies, or 366 businesses, operated one or more subsidiaries in tax haven countries in 2016, according to […]
AmEX CEO Kenneth Chenault stepping down, Stephen Squeri takes over
Credit card issuer American Express Co (AXP) said on Wednesday long-time Chief Executive Kenneth Chenault will step down and will be replaced by Stephen Squeri. Continue Reading Below Net income attributable to common shareholders rose to $1.36 billion, or $1.50 per share, in the third quarter ended Sept. 30, from […]
American Express tops Street 3Q forecasts
NEW YORK (AP) – American Express Co. (AXP) on Wednesday reported third-quarter earnings of $1.36 billion. Continue Reading Below On a per-share basis, the New York-based company said it had profit of $1.50. The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research […]
United Airlines third-quarter profit falls, hurt by storms
United Airlines <UAL.N> on Wednesday said its third-quarter net income fell by a third to $669 million from the year-ago period, partly due to $185 million in pretax losses caused by canceled flights during the Atlantic hurricane season. Continue Reading Below The Chicago-based carrier’s passenger revenue per available seat mile, […]
Stock market crash inevitable, financial historian says
A market crash similar to the infamous Black Monday crash in 1987 — in which stocks around the world plummeted, and the Dow Jones Industrial Complex fell by more than 500 points — could be in the United States’ future, financial historian John Steele Gordon warned. Continue Reading Below “It […]
Bootleg Libyan oil, shady havens: Slain reporter’s beats
ROME – Malta, a tiny archipelago nation in the southern Mediterranean, is so attractive to those looking to shelter funds or operate under the radar of authorities that it’s got a nickname to prove it: “treasure island.” Continue Reading Below Malta’s reputation as a tax haven, its cozy links with […]
US stocks on course for higher close, new records
U.S. stocks moved modestly higher in afternoon trading Wednesday, on course for the major stock indexes to set new records. Technology stocks and banks were among the biggest gainers as investors weighed the latest batch of company earning news. IBM surged on strong quarterly results. Crude oil prices edged higher […]
Corporations to keep tax break lost by millions of Americans
WASHINGTON – Millions of Americans would lose a prized tax break under President Donald Trump’s sweeping revamp of the tax code, but corporations would get to keep it. Continue Reading Below The Republican proposal would eliminate the federal deduction for state and local taxes, a widely popular break used by […]
Latest: Analyst: Refinery fire unlikely to affect gas prices
EL SEGUNDO, Calif. – The Latest on a refinery fire near Los Angeles (all times local): Continue Reading Below 10:40 a.m. A petroleum industry analyst says a fire that erupted at the West Coast’s largest oil refinery is unlikely to have an effect on gas prices. No injuries were reported […]