Swiss voters Sunday rejected a corporate-tax-overhaul plan backed by the government and business, in a blow to the wealthy Alpine country’s hopes to bring its tax policies in line with international norms while maintaining its global competitiveness. In rebuffing the government’s proposals, voters were swayed by concerns the plan was too generous to corporations at the expense of individual taxpayers.
Day: February 12, 2017
Germany Picks Ex-Foreign Minister Steinmeier as President
A special assembly elected former German foreign minister Frank-Walter Steinmeier by an overwhelming majority Sunday to be the country’s new president. Steinmeier was elected in Berlin by the assembly made up of the 630 members of parliament’s lower house and an equal number of representatives from Germany’s 16 states.
What Investors Might Have Missed in the Markets Last Week
Love him or hate him, believe his statements or prefer to disprove them, President Donald Trump sure seemed to push the markets higher as he pledged to move quickly on the “phenomenal” tax code changes. Stocks surged immediately following Trump’s proclamation and continued the trend higher through Friday, with the S&P 500 for $90 per share in cash, valuing Mead Johnson’s equity at $16.6 billion, with the total transaction value reaching $17.9 billion, including the latter’s net debt.
We Quit Our Jobs and Moved to Costa Rica Before Turning 30. Heres How.
At the ripe age of 28 years old, my wife and I quit our jobs. We hopped on a plane and moved to Costa Rica.
The Most Important Retirement Chart You’ll Ever See
Saving for retirement can feel like being forced to run a marathon when all we’ve ever trained for was a 40-yard dash. The entire idea of retirement is brand-new to the human race; it is only within the last 50 years that the idea of living longer than you can work even surfaced.
It’s Time for Skechers USA Inc to Do Something With Its Cash
The company’s $764.3 million of sales topped analyst estimates by more than $40 million, and 3.6% comparable sales growth at its stores impressed at a time when many other retailers are struggling to attract shoppers. It should be clear from Skechers’ recent results, though, that the company is no longer the explosive growth stock it once was.
Is Gilead Sciences Getting Ready for a Massive Acquisition?
Sinking earnings. Horrible outlook for this year. Perhaps the big biotech needs to develop an antidepressant — just to give to its shareholders.
Intel Corporation Expects to Grow Client Computing Group Profit Margin
CCG is Intel’s largest business by revenue, generating nearly $33 billion in sales during 2016. Most of that revenue comes from sales of processors and related components into personal-computer systems, although the company has seen reasonable success from the sale of chips that power cable gateways and, more recently, cellular modem chips into Apple ‘s At Intel’s Feb. 9 analyst day, company management went over its financial expectations for this segment for 2017 — and beyond.
Insider Q&A: Duke University expert James Cox on SEC future
President Trump has named Jay Clayton, a Wall Street attorney who worked on mergers and IPOs, to head the Securities and Exchange Commission. Last week Trump ordered a review of the 2010 Dodd-Frank law, which reshaped regulation of the banking industry after the financial crisis.
article
Financial literacy and money management are important life skills. Unfortunately, most people never study this in school, leaving many young adults ill-prepared to deal with their finances as they enter the work world, often in their early twenties.
2 Key Metrics for MeetMe Inc Investors to Focus On
Investors considering MeetMe stock should watch two key metrics closely as the company grows: monthly active users and average revenue per user . Like any other company focusing on social interactions, the product is only as good as the number of people who are using it.
2 Billion-Dollar Marijuana Stocks That Could Soar Even Higher
You could have made plenty of money investing in the right marijuana stocks last year. Most, however, are small companies without much of a track record.
Apple’s iPhone Loses the China Sales Crown: 3 Reasons It Doesn’t Matter
Late last month, Counterpoint Research stated that the best-selling smartphone of 2016 in China was not an iPhone . The last time an iPhone didn’t hold the top spot was 2012.
Even a Le Pen Win Won’t Be Enough to Break Up Euro, Banks Say
An attendee looks towards a table selling campaign materials during a presidential campaign event in Lyon, France, on Feb. 5. Whatever the outcome of France’s presidential elections, it probably won’t raise the odds of an exit from the euro, most analysts say. The chances of anti-euro candidate Marine Le Pen winning the second round on May 7 are slim and even if she does, the National Front party leader is unlikely to get a majority in the legislative vote in June, according to banks including Barclays Plc and UniCredit SpA.
The film co-stars Donnie Yen and Kris Wu, two of greater China’s biggest celebrities.
Vin Diesel’s xXx: Return of Xander Cage from Paramount and Revolution Studios roared into China over the weekend with a muscular $61 million opening. The impressive Chinese haul easily eclipsed the movie’s total performance in North America so far, where it has earned $42 million since its debut on Jan. 20. It’s also the biggest Hollywood bow in China – the world’s second-biggest box-office territory – this year, nearly doubling Rogue One: A Star Wars Story ‘s $31 million launch.
Berlin: ‘Viceroy’s House’ Director Gurinder Chadha Talks Trump, Brexit, Refugee Crisis
“The good side of what’s happening is people are rising up, people are being politicized,” she told a Berlinale press conference. British director Gurinder Chadha sees parallels between current events like Brexit and U.S. President Trump’s election and the 1947 partition of the Indian subcontinent, which she dramatized in her latest movie, Viceroy’s House .
Swiss Reject Tax Reform, Threatening Country’s Competitive Edge
Switzerland shot down the government’s plan to reform corporate taxation, a decision that risks hurting its appeal as a place for multinational companies. evenly split on the measure, which would have given companies reductions for income from patents and research and development activities.
Fast-Food Stocks: Which Chain Has the Quickest Drive-Through?
Have you ever sat in the drive-through of a fast-food restaurant and thought: “Wasn’t this supposed to be fast?” I suspect you have. I’m not proud to admit it, but I love fast food.
The Average American Investor Saved Up to $1,497 By Doing This. Did You?
Investors pay taxes on the income that their portfolios generate, and so they’re highly motivated to do what they can to save on taxes. One tax break available to investors offers a lower rate on the income that they get from qualified dividends.
Amazon’s Shipping Costs Are Soaring. Should Investors Be Worried?
Online sellers can save money by avoiding pricey commercial rents and a staff devoted to assisting customers. spends billions more on shipping than it brings in in charges and fees, and many brick-and-mortar retailers have complained that e-commerce sales, though accretive to overall revenue, come with a lower margin than in-store sales.
3 Warren Buffett Stocks to Buy in February
Warren Buffett will likely go down in history as the greatest investor of all time. Starting with a relatively small sum while working out of his Nebraska home in the 1960s, his personal fortune is now estimated at $73 billion.
3 Tax Breaks Retirees Won’t Want to Miss
Many seniors struggle financially when they go from earning a salary to living off a more limited fixed income. That’s why it’s important for retirees to take advantage of whatever tax breaks come their way.
New chairman quickly shakes up FCC
Ajit Pai, the new Republican chairman of the Federal Communications Commission, is quickly making his mark on the agency, shaking up its operations and rolling back Obama-era initiatives. His moves have drawn Republican praise, but also alarmed Democrats and consumer groups, and set the stage for the fights ahead.
‘Bridge to nowhere’? So far, a middle mile with revenue problem
“Most people sort of forget that there’s a reason nobody has [previously] built fiber in Western Massachusetts. The economics don’t work.
Should You Get a Medigap Plan?
One decision people need to make when they reach age 65 is whether to enroll in a Medicare Supplemental Insurance — aka, a Medigap plan — to help cover the healthcare costs that Medicare doesn’t. Here’s what you need to know about how much you can expect Medicare to cover, and the various Medigap options available.
58% of Americans Are Making This Huge Retirement Mistake
When most of us start planning for retirement, we think about things like what our living costs will be and how much money we’ll have access to. Many of us, in fact, get so focused on how much we are or aren’t saving that we fail to make one critical move: creating a will or living trust.
5 Things New Homeowners May Not Know About Getting a Mortgage
Getting a mortgage isn’t just a simple matter of signing some paperwork and calling it a day. A lot goes into not only applying for a mortgage, but getting approved at a decent rate.
3 Medicare Rules You Should Know by Heart
Medicare is big business. There are more than 57 millionAmericans enrolled in it, with more added to the program each month.
Think You’re Ready for Social Security? Not Until You Read This
Most Americans look forward to the financial support that Social Security provides in retirement. Yet if you want to make the most of your Social Security benefits, it pays to get to know the ins and outs of the program before you file.
A $200 Billion Danish Investor Sorts Bad Hedge Funds From Good
The hedge fund business isn’t what it used to be. For starters, a lot of funds in the industry forgot to hedge at crucial moments over the past decade, according to the men now running the $200 billion wealth management unit of Denmark’s biggest lender, Danske Bank A/S.
Scrub These Words And Phrases From Your Resume Right Now
We’ve all heard the saying, “You’ll never get a second chance to make a first impression.” This is perhaps most true when it comes to your resume.
Germany Picks Anti-Trump President as Trans-Atlantic Bonds Fray
The Social Democrat who served two stints as foreign minister under Chancellor Angela Merkel emerged as her governing coalition’s candidate last November as the parties sought to avoid a political spat over the appointment in an election year. With the support of Merkel’s Christian Democratic-led bloc and the Social Democrats in a special assembly on Sunday, Steinmeier is all but assured victory to the mostly ceremonial post. While Merkel steered clear of sharing her views on Trump before his election as president, her top diplomat vociferously derided what he saw as a campaign that broke taboos and threatened trans-Atlantic bonds.
Around the Towns, February 12, 2017
A Scranton Times-Tribune All Access subscription gets you complete access to both our print and digital publications, delivered to your home, desktop and mobile devices 7 days a week Digital Only Subscription Read the digital SMART Edition of The Times-Tribune on your PC or mobile device, and have 24/7 access to breaking news, local sports, contests, and more at thetimes-tribune.com or on our mobile apps. Digital Services Have news alerts sent to your mobile device, read the Smart Edition sign up for daily newsletters, activate your all access, enter contests, take quizzes, download our mobile apps and see the latest e-circulars.
South Korea Prosecutor Plans to Resummon Samsung Heir Jay Y. Lee
A special prosecutor will again summon Samsung Group’s Jay Y. Lee over allegations including bribery and embezzlement, potentially dealing another blow to South Korea’s biggest business empire after a court rejected its request to issue an arrest warrant last month. Lee, the de facto head of the Samsung Group and vice chairman of Samsung Electronics Co., will be summoned Monday morning, along with two other executives including Samsung Electronics President Park Sang-jin, Lee Kyu-chul, a spokesman for the prosecutor’s office, told reporters in a televised briefing on Sunday.
Time for Trump to make his acting FTC chair permanent
After a stunning election win, President Trump is off to a fast start implementing major change. The president and his administration are moving aggressively to implement pro-growth policies that will boost our economy after years of a sluggish recovery.
Berlin: China Film Exec Outlines the Rising Importance of Young Female Moviegoers
Ivy Zhong has been a step ahead of China’s fast-changing entertainment sector for over a decade. After a stint at Hong Kong’s Phoenix Television, she joined media company Beijing Galloping Horse in 2003, eventually becoming vice chair and diversifying into feature filmmaking and signing top local talent like John Woo.
The Submarine co-president shares his take on the fest.
During dinner at Zur Letzen Instanz , a drunken millennial euro-millionaire offered to buy my brother Dan’s hat for 200 euros.
Has Berlin Lost Its Awards Season Mojo?
With its emphasis on auteurs and docs, insiders say the Berlinale has ceded ground to a resurgent Venice, which launched two best-picture Oscar winners in as many years, and possibly a third with ‘La La Land.’ Fire At Sea , Gianfranco Rosi’s poignant refugee doc that took home Berlin’s Golden Bear in 2016, is quite rightly among the nominees at this year’s Oscars.
Berlin: Download THR’s Day 4 Daily
An analysis of the fest’s dwindling awards appeal, a look at EFM’s many musicals and exclusive casting news for Lars von Trier’s ‘The House That Jack Built.’ The Hollywood Reporter has released its third Berlin International Film Festival daily issue, which includes an analysis of the fest’s dwindling awards appeal, a look at EFM’s many musicals and exclusive casting news for Lars von Trier’s The House That Jack Built .
The terrorist thriller eerily anticipated the Berlin Christmas Market attack in December.
Independent distributor NFP, fresh off the success of Oscar nominee Toni Erdmann , has picked up German thriller Berlin Falling , the directorial debut of actor Ken Duken, for Germany. The film, which Duken shot last year, follows a terrorist who hijacks a car and forces the driver to take him to Berlin where, in the middle of Christmas celebrations, he plans to carry out a brutal attack.