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Business

Trump's tax plan could cost an estimated $5.5 trillion

If the Trump administration's plan to lower tax rates becomes law, it will likely benefit McVey. This isn't about "jobs", as the White House claims. The lower tax rate will be more of a boon for investment-grade companies , as they tend to pay more tax. "What this is not going to be is a loophole to let rich people who should be paying higher rates pay 15 percent", he said.

Business

Why Energy Transfer Investors Should Be Wary of the Pending Merger

Pentwater Limited Partnership invested in 300,000 shares. WRLD's profit would be $24.38M giving it 4.84 P/E if the $2.79 EPS is correct. With 4.79M avg volume, 12 days are for Energy Transfer Equity LP (NYSE:ETE)'s short sellers to cover ETE's short positions.

Business

AAP Punjab incharege Sanjay Singh and Durgesh Pathak finally resigned

Rai, he refused to comment on his plans to take the baton forward. The MCD election results saw BJP winning 181 out of the 270 municipal wards, AAP winning 48 and Congress winning 30. Stressing the importance of sanitation employees of the three municipal corporations, the Chief Minister advised the councillors to treat them like family.

Business

MCD election results 2017: Highest vote margin 9866, lowest 58

The AAP won 47 of the 270 civic seats, the BJP 183 and the Congress 29. On Thursday, senior party leader Sanjay Singh stepped down from his position as Punjab in-charge. "If we have announced the CM face before the polls, the political scape in the state would have been different", party's Dhaka MLA and Punjab leader of opposition HS Phoolka said.

Business

Deutsche Bank AG Reports 1Q Net Income of EUR575 Million

DB has P/E (Price to Earnings ttm) value of 0, Forward P/E of 10.38, P/C (Price to cash per share) of 0.07 and Price to Free Cash Flow (P/FCF) value of 0.48. The company's market capitalization is $25.22 billion. Vetr lowered shares of Deutsche Bank AG from a buy rating to a hold rating and set a $19.60 target price on the stock.in a research report on Thursday, December 15th.

Business

Earnings on the Doorstep For Microsoft Corporation

Finally, Cortland Associates Inc. After $3.36 actual earnings per share reported by Apple Inc. for the previous quarter, Wall Street now forecasts -40.18% negative EPS growth. Cambridge Invest Rech Advisors accumulated 0% or 15,500 shares. The ex-dividend date is Tuesday, May 16th. This represents a $1.56 annualized dividend and a yield of 2.30%.

Business

Uber offers United Kingdom drivers (limited) benefits

Historically, Uber has allowed users to check what their own personal rating is, though doing so often required users to jump through a few hoops. "But many riders forget that their driver is also rating them , too, and things like eating in the vehicle, slamming the door, or trying to pile in more people than seat belts can impact whether it's a five-star experience for drivers".

Business

Stephen Colbert Hilariously Mocks The U.S.-Canada Trade War

But last week in Wisconsin, Mr. Trump toughened his tone, threatening to get rid of NAFTA "once and for all" - followed by the administration's move to slap a 20 percent tariff on Canada's softwood lumber and a dispute over American dairy exports.

Business

British PM, Corbyn trade blows in final pre-election clash

After all, Mrs May is "assuming" she will strengthen her hand in the negotiations with an election, but after the shock results in the referendum itself, and the last general election in which the Tories were not expected to get a majority, she is certainly taking a risk.

Business

Freeland sees progress in 'polite, amicable' Canada-US trade war

Prime Minister Justin Trudeau said he told Trump in a Tuesday phone call that the U.S. Commerce Department levelled "baseless allegations" when it imposed new, unfair duties on Canadian softwood this week. "I'm polite, but I'm also very firm in defending Canada's interests, " Trudeau said in an interview with broadcaster CTV. But Freeland made it clear that she sees Canada is in good shape moving forward on the file, saying the country is still the largest consumer of US exports.

Business

Payments from Russian Federation kept secret

As a retired lieutenant general, Flynn was required to obtain permission before receiving foreign payments, Chaffetz and Cummings say. Questions were also raised about Flynn's $530,000 in consulting work his company, Flynn Intel Group, performed for a businessman with links to the Turkish government.

Business

Trump to unveil tax cut he says could be biggest ever

Trump has said an overhaul of the tax code is one of his biggest priorities, but top advisers have refused to provide details so far of how he will usher in the biggest tax cut in USA history - which he has promised - without piling on trillions of dollars in new federal debt.

Business

Trump tax plan: Relief for his voters but lots of unknowns

The new tax proposal proposes to bring down the corporate tax from the current 35 per cent to 15 per cent, significantly lower individual tax rates, and eliminate several tax rates like the death tax. There's much to like about President Trump's tax plan , including the fact that he's going back to his campaign promises to do something big and attractive - not build a wall, but slash rates Ronald Reagan-style for both individuals and corporations.

Business

BC leaders set for televised debate

Softwood lumber is a topic that will no doubt come up at Wednesday evening's televised leaders debate. Horgan was pressing the issue of housing affordability at a campaign stop in Burnaby Wednesday. President Donald Trump and even made a senior Steelworkers leader an honorary member of the NDP. "Who's calling the shots of your campaign?" "Yet things could still change".

Business

US Denies Exxon Bid for Waiver on Russia Sanctions

President Donald Trump has rejected a bid by USA oil giant Exxon Mobil Corp.to resume a Black Sea oil venture with a sanctioned Russian firm close to the Kremlin, Treasury Secretary Steven Mnuchin said Friday. Exxon Mobil signed an expansion of its joint venture projects anyway, even after Igor I. Sechin, Rosneft's chief executive, was personally blacklisted in connection with the sanctions.

Business

Softwood lumber deal possible, but 'not there yet,' says Freeland

Beyond that, there's the bluster and the threats. "Many of the mills on the Island, including Western Forest Product's sawmill in Cowichan Bay, which currently has a large market in China, are now selling in other markets around the world", he said .

Business

Uber Just Promised To Bring Flying Taxis to Life In 3 Years

Uber plans to operate a network through which electric VTOL vehicles in numerous cities worldwide will provide transportation and delivery logistics services. A future Uber Elevate networks facility is pictured in this handout illustration provided April 25, 2017. The firm's envisioned flying taxis will be small, electric aircraft that can take off and land vertically, also known as VTOL vehicles, capable of flying 100 miles in 40 minutes.

Business

U.S. durable goods advance 0.7% in March

February's orders were revised up to show 2.3% from a previously reported 1.8% increase. In March, orders for commercial aircraft rose 7 percent while demand for defense aircraft was up an even bigger 26.1 percent. Economists had forecast core capital goods orders rising 0.5 percent last month. Some indicators, such as the Institute for Supply Management's PMI, an index that measures economic activity in manufacturing, have shown other segments getting stronger.

Business

White House readies order to quit NAFTA - administration official

Trump's point man on the file explicitly linked all these individual disputes to the broader negotiation. Ross replied: "They're generally a good neighbour". More concretely, one effect of increased economic integration would be for U.S. firms to move production over to Mexico where labor is cheaper than in the USA or Canada - for example, with the auto industry.

Business

Vast Majority Of Trump Supporters Approve Of His First 100 Days

Former White House chief photographer Pete Souza, who was also very close to Obama, is encountering a new disrepute on social media for a personal Instagram account that has subtly taken aim at President Trump since his Inauguration Day. The order also establishes a new task force charged with reviewing policies, legislation and regulations that unnecessarily hinder agricultural and economic growth.

Business

Trump's tax cut plan poses a new threat to China

Meanwhile, Trump's plan would cut the top corporate income tax rate from 35 percent to 15 percent. Slashing taxes on income and business was a key part of Trump's election platform. The plan also urged adoption of a "territorial" corporate tax system that would largely exempt foreign profits of USA -based corporations from federal taxation.

Business

Shares in EXACT Sciences Co. (EXAS) Acquired by Russell Investments Group Ltd.

EXACT Sciences had a negative return on equity of 55.44% and a negative net margin of 216.45%. The business's revenue was up 144.4% compared to the same quarter past year. Corporate insiders own 5.60% of the company's stock. Several other hedge funds have also modified their holdings of EXAS. Shares have risen 33.41% over the trailing 6 months.

Business

Trump's Corporate Tax Rewrite Faces Major Obstacle: Its Cost

Speaking Wednesday, Mnuchin also addressed the issue of the president's personal tax returns. Pass-throughs include partnerships such as law firms and hedge funds as well as most small businesses - from the local florist to the family-owned restaurant on Main Street.

Business

How Will NAFTA Be Renegotiated? Trump Has Decided To Stay, For Now

While the White House statement shows something approaching harmony - for now - among the three nations on NAFTA, Canada has been quick to take umbrage with Trump's words. If NAFTA is renegotiated, supply chains in sectors such as clothing and autos could be thrown into disarray. The latest dairy trade row was triggered when Canada extended those policies to apply to ultrafiltered milk, a product used in cheese production and at the center of a thriving United States export business.

Business

Amazon.com, Inc. (NASDAQ:AMZN) To Report Earnings

Goldman Sachs analysts said recently that they believe Amazon's revenue will rise faster than what most are now expecting because of the most recent round of increased investments in infrastructure, digital content and other areas. Following the transaction, the director now owns 22,525 shares of the company's stock, valued at $19,146,250. On 9/22/2016 Andrew R Jassy, CEO, sold 14,000 with an average share price of $800.00 per share and the total transaction amounting to $11,200,000.00.

Business

Patagonia threatens to sue Trump over national monuments order

At a ceremony at the Department of the Interior on Wednesday, Trump said people's ability to access and utilise land must be protected, and that the previous administration had put hundreds of millions of acres under federal control through monument designation.

Business

FCC Chairman launches process to reverse net neutrality rules

Federal Communications Commission Chairman Ajit Pai has unveiled plans to reverse net neutrality rules that were in place by the Obama administration in 2015. Their talk is all about getting more people connected, but what is the point if your ISP only lets you watch the movies they choose, just like the old days of cable?" Pai, a former lawyer for Verizon , has always been an opponent of net neutrality and has called the rules " heavy handed ".

Business

Trump says he reversed major NAFTA decision after pleas from Mexico, Canada

Rather, they all "agreed to proceed swiftly ... to enable the renegotiation of the NAFTA deal to the benefit of all three countries". "I agreed subject to the fact that if we do not reach a fair deal for all, we will then terminate NAFTA". Trump criticized Mexico's trade policy repeatedly during his campaign, adding to tensions over Trump's proposed border wall and his disparaging remarks about Mexican immigrants.

Business

European Central Bank rate decision means all eyes on the Euro

The central bank is set to proceed with monthly bond purchases of 60 billion euros (65 billion USA dollars), trimmed from a previous 80 billion euros. The statement from the central bank's 25-member governing council on Thursday gave no fodder for additional market speculation that would ruffle financial markets, which already have enough on their minds with the French election.

Business

The Hospitality Properties Trust (HPT) Shares Sold by Advisors Capital Management LLC

Many analysts are providing their Estimated Earnings analysis for Medical Properties Trust Inc . and for the current quarter 5 analysts have projected that the stock could give an Average Earnings estimate of $0.22/share. This represents a $0.96 dividend on an annualized basis and a yield of 7.08%. If you are viewing this article on another site, it was copied illegally and republished in violation of USA & worldwide copyright legislation.

Business

Samsung foresees bigger profit in 2017 as memory chips soar

But the company has come under pressure on other fronts. Samsung earlier considered the proposal, but said Thursday it had officially dropped the plan, citing regulatory hurdles and potential risks to its business. Market heavyweight Samsung Electronics Co Ltd ended up 2.4 per cent at 2,192,000 won, its highest close since listing. Profit is up 28 percent while sales 10 percent from a year ago.

Business

What are analysts saying now about Chipotle Mexican Grill, Inc. (NYSE:CMG)?

Collier has a 24.8% average return when recommending CMG , and is ranked #216 out of 4571 analysts. The current consensus rating on Chipotle Mexican Grill (NYSE: CMG ) is Hold (Score: 2.06) with a consensus target price of $434.64 per share, a potential 7.87% downside.

Business

Nokia Corporation Posted gains of 0.93% in the Last Trade

On Tuesday, Shares of General Electric Company (NYSE:GE) lost -0.34% to $29.45. Nokia Oyj (ADR ) (NYSE:NOK) have shown a high EPS growth of 17.70% in the last 5 years and has earnings growth of -9.40% yoy. For the quarter, shares have been noted at 16.23%. Teachers Advisors LLC raised its stake in Nokia Oyj by 3.4% in the fourth quarter. Arconic Inc (NYSE:ARNC), after opening at $27.05, closed at $27.50 by scoring 1.93%.

Business

Brewers 9, Reds 4

If you only counted the eight that Thames has hit off Cincinnati pitchers this season, he would still have more home runs than anyone else in the majors. The 30-year-old has 11 dingers so far. Thames, the Milwaukee Brewers' April sensation, has been the best story of baseball's opening month. The Brewers kept their collective foot on the gas over the next few innings, scoring a run in the second on a fielder's choice by Shaw, 2 runs in the third on homer by Arcia, and another run in the ...

Business

Uber wants to put you in a flying cab by 2020

The technology is as yet untested and unproven; however, Uber firmly believes that it will eventually cost around the same price as a ride in a regular taxi. Could you imagine riding in a flying taxi within three years? Uber has faced a series of difficulties in recent months following several accusations of mismanagement and poor treatment of its driver, leading its CEO Travis Kalanick to admit that he "must fundamentally change as a leader and grow up".


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