Trump seeks 15 percent corporate tax rate, even if it swells the national debt
(Jenny Starrs/The Washington Post) President Trump is pursuing a drastic cut in the corporate tax rate, a move that is likely to grow the national debt and breach a long-held Republican goal of curbing federal borrowing. The president has instructed advisers to propose cutting the corporate tax rate from 35 percent to 15 percent, according to White House officials who said they were not authorized to speak publicly about the plan. The rate reduction — which independent budget experts say..>> view originalWikipedia founder aims to 'fix the news' with crowd-funded website
LONDON The founder of online encyclopaedia Wikipedia has announced plans for a crowd-funded news website offering stories by journalists and volunteers working together, an initiative he hopes will counter the spread of fake news.Jimmy Wales said the new platform, Wikitribune, would be free to read and carry no advertising, instead relying on supporters to fund it, while the accuracy of its articles would be easily verifiable as source material would be published."The news is broken, but we've..>> view originalCoca-Cola Renews Push to Slim Operations Under Incoming CEO
Coca-Cola Renews Push to Slim Operations Under Incoming CEO by April 25, 2017, 7:12 AM EDT April 25, 2017, 9:35 AM EDT Coca-Cola Co. will step up its bid to transform the company into a far leaner operation under incoming Chief Executive Officer James Quincey after quarterly earnings missed estimates.The soda giant vowed to cut costs by an additional $800 million a year, adding to a plan to wring $3 billion in savings. The belt-tightening effort accompanies a move to spin off much of..>> view originalGoing on up! US home prices climb at fastest pace in nearly 3 years
Anne Cusack | Los Angeles Times | Getty Images A real estate agent readies a house for viewing in Venice, Calif. U.S. home prices rose more than was anticipated for the month of February, according to new data from the S&P/Case-Shiller U.S. National Home Price Index. This happened as homebuyer demand continues to outweigh supply in the housing market. The national home price index jumped 5.8 percent in February, while analysts were expecting home prices to climb by 5.7 percent for the mo..>> view originalPolice report says passenger fought with officers before he was pulled from United flight
The Chicago aviation officers who forcibly removed a passenger from a United Airlines flight filed reports saying the traveler was “aggressive” when responding to requests to give up his seat and flailed his arms while fighting with officers.The reports, released Monday in response to Freedom of Information Act requests by the Los Angeles Times and others, contradict videos of the incident caught by fellow passengers on their cellphones and viewed by millions of people worldwide. Those videos s..>> view originalTwo Huge (Fowl) Reasons Flying Cars Are Nonsense (A Lark), One Of Them Bird Based
Credit: CC Chapman Flying Cars? Not if we have anything to say about it. Silicon Valley has an obsession with literally re-inventing the wheel. First it was self-driving cars, which are still far from finished and now it's flying cars. Uber is holding its Elevate VTOL summit in which someone will surely point out that G.I. Joe was all over that VTOL technology back in 1990. Then there is Larry Page spending some of that money. He's financially backing a company called Kitty Hawk, whic..>> view originalDow Chemical (DOW) Q1: Can it Sustain the Earnings Streak?
Dow Chemical (DOW - Free Report) is scheduled to report its first-quarter 2017 results ahead of the bell on Apr 27.Last quarter, the U.S. chemical kingpin delivered a 12.50% positive earnings surprise, helped by its cost-cutting and productivity actions and continued focus on consumer-driven markets. Sales rose by double-digits year over year as volumes rose on the back of the acquisition of Dow Corning’s silicones business. Revenues topped expectations.Dow has beaten the Zacks Consensus Est..>> view originalMcDonald's shares up 2.5% as strong sales show turnaround is taking hold
McDonald's can thank its new trio of Big Macs and discounted beverages for its stronger-than-expected first quarter performance. EPS: $1.47, versus $1.33 expected by Thompson Reuters estimates Revenue: $5.68 billion, versus $5.53 billion expected by Thomson Reuters Domestic same-store sales growth up 1.7 percent, versus expected decline of 0.8 percent The burger giant reported Tuesday earnings of $1.47 per share on $5.68 billion in revenue. The company was expected to post earnings of $1.33 p..>> view original'Another bad act on the part of the Canadians': Trump administration launches punitive tariffs on Canadian lumber
President Trump on April 20 said Canada's trade practices on dairy, lumber, and energy are unfair to the United States. "We're going to have to get to the negotiating table with Canada very, very quickly," Trump said. (The Washington Post) The Trump administration announced on Monday that it is planning to impose a roughly 20 percent tariff on softwood lumber imported from Canada, a new escalation of trade tensions with America's northern neighbor. Commerce Secretary Wilbur Ross said in a..>> view originalLVMH's Arnault swoops to take full control of Christian Dior
PARIS French billionaire Bernard Arnault will combine the Christian Dior fashion brand with his LVMH luxury goods empire as part of a 12 billion euro ($13 billion) move to simplify his business interests - a restructuring long demanded by other investors.Under a series of complex transactions, LVMH (LVMH.PA), the world's largest luxury group, will buy the Christian Dior Couture brand from the Christian Dior (DIOR.PA) holding company for 6.5 billion euros, including debt.The deal will unite the..>> view original
Saturday, July 15, 2017
Trump seeks 15 percent corporate tax rate, even if it swells the national debt and other top stories.
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