`Death Tax’ Would Live in Plan Senate’s Mulling, Hatch Says
published Oct 31, 2017, 3:28:25 PM, by Laura Davison and Sahil Kapur (Bloomberg) — Senate tax writers are discussing a plan to keep the estate tax, but double the thresholds at which it applies, Senator Orrin Hatch said. “We have been thinking about that,” said Hatch, the chairman of the
A Nobel Prize-Winning Theory Is Enriching a $7.5 Billion Manager
published Oct 31, 2017, 6:01:00 PM, by Jonas Cho Walsgard (Bloomberg) — Human beings tend to have biases. Knowing how to read those can make you very rich. During a recent interview in Oslo, Stacey Nutt, the chief executive officer of asset management firm ClariVest Asset Management LLC talked about
Three Women Suing Microsoft for Bias Want to Add 8,630 Peers
published Oct 30, 2017, 7:53:37 PM, by Robert Burnson (Bloomberg) —A lawsuit accusing Microsoft Corp. of discriminating against women in technical and engineering roles is poised to grow a lot bigger if it wins class-action status. With the technology sector awash in challenges to white male dominance, the three women
Toyota Winning Over U.S. Shoppers With New Camry and More RAV4s
published Oct 30, 2017, 7:18:23 PM, by Jamie Butters and John Lippert (Bloomberg) — Look out, Detroit: Toyota Motor Corp. is on a roll in the U.S. Toyota took 15 percent market share last quarter for the first time since 2009. Its RAV4 car-based sport utility vehicle is the industry’s
U.S. to Sanction Russian Companies After Missing Deadline
published Oct 27, 2017, 4:13:21 PM, by Margaret Talev (Bloomberg) —The U.S. State Department said it would sanction dozens of Russian companies in the country’s defense and intelligence industry, after coming under criticism from lawmakers for missing an Oct. 1 deadline Congress set to punish Russia for its 2016 election
Republicans Say Small Growth Bump Can Offset Lost Tax Revenues
published Oct 29, 2017, 11:23:40 AM, by Ros Krasny and Ben Brody (Bloomberg) — The Republican tax plan, expected to feature sharp reductions to corporate and individual tax rates, won’t raise the U.S. budget deficit over the long term as many economists have forecast, said two Republican lawmakers. “At the
Global Economy’s Health at Stake as China Tries to Hold a Sneeze
published Oct 29, 2017, 3:00:00 PM, by Enda Curran and Christopher Anstey (Bloomberg) — It used to be that when America sneezed, the world caught a cold. This time around, it’s the risk of a sickly China that poses a bigger threat. The world’s second-largest economy is now trying to
Stock Gains Extend to Asia on Profit, U.S. Tax: Markets Wrap
published Oct 26, 2017, 7:29:32 PM, by Adam Haigh (Bloomberg) — Asian stocks followed gains in U.S. equities as earnings and congressional action on tax reform boosted confidence in the growth outlook. Equity benchmarks rose in Tokyo, Seoul and Sydney as technology shares rallied following stellar profit at Amazon.com Inc.
Amazon Doesn’t Deserve a Blank Check for Its Ambition: Gadfly
published Oct 26, 2017, 4:21:29 PM, by Shira Ovide (Bloomberg Gadfly) — Amazon has received a free pass on delivering profits to investors. It might be time to revoke it. Third-quarter revenue rose about 34 percent, better than Wall Street’s expectations. The tally included about a month of sales from
Latest U.S. State to Offer Nukes a Lifeline Is Connecticut
published Oct 26, 2017, 5:41:18 PM, by Jim Polson (Bloomberg) — Connecticut took a step toward propping up nuclear energy on Thursday, wading into a national debate over how to keep aging reactors running that’s become so intense that even the Trump administration is weighing in. A bill passed Thursday