Capital Loss

Capital Loss News

  • Zurich Insurance Net Falls 7% as Rates Hurt Investments

    Zurich Insurance Group AG, Switzerland’s biggest insurer, said first-quarter profit dropped 7 percent after investment returns declined.

  • SAS Sells 80% of Norway’s Wideroe Unit in Pursuit of Cost Cuts

    SAS Group said it plans to sell 80 percent of its Wideroe Flyveselskap AS unit for 2 billion kroner ($310 million) as the Nordic region’s largest airline seeks to slash costs and return to profit.

  • Regulators Don’t Understand Structured Products, Eusipa Says

    Regulators of the $1 trillion structured products market don’t understand the difference between risk and complexity, according to the European Structured Investment Products Association.

  • Chained CPI in Obama’s Budget Obscures Eroding Tax Breaks

    Investors can deduct $3,000 in capital losses against ordinary income, a benefit that cushions the sting of a failed investment. It’s a tax break frozen in time, stuck at the same nominal dollar amount since 1977.

  • Obamas Report Income of $608,611 as Tax Rate Declines

    President Barack Obama and first lady Michelle Obama earned $608,611 in adjusted gross income in 2012, down 23 percent from 2011 as royalties from the president’s books kept declining, tax returns showed.

  • New Thoughts About What's Hiding in Romney's Tax Returns

    Bloomberg Businessweek's Joshua Green is not alone in surmising that, if Mitt Romney is so insistent he won't release his tax returns, they must contain something so damaging that he's better off taking heat for not releasing them. Green has a theory: Romney didn't pay any federal income tax in 2009.

  • Knight Capital Loss Prompts Investor Search

    Aug. 3 (Bloomberg) -- Bloomberg's Stephanie Ruhle, Tom Keene and Sheila Dharmarajan discuss Knight Capital Group Inc. opening its books to potential buyers, including private-equity firms and at least one securities-industry rival, as it seeks an investment or takeover to survive after a $440 million trading loss. They speak on Bloomberg Television's "Bloomberg Surveillance."

  • Peru Economy to Grow 6.3% This Year and Next, Central Bank Says

    Peru’s economy will expand 6.3 percent this year and next, while inflation will end the year at about 2 percent, the central bank said in a report issued in Lima today.

  • Buffett Guards Berkshire From higher Rates, Moody’s Says

    Warren Buffett’s Berkshire Hathaway Inc. is better positioned than rival property-casualty insurers to sidestep a decline in the value of fixed-income securities if interest rates rise, Moody’s Investors Service said.

  • Bernanke Resuscitates QE, Downplays Risk and Cost

    Last week, the Federal Reserve’s quantitative easing was about to undergo some quantitative adjustment. At least that was the take-away from the minutes of the Jan. 29-30 meeting, suggesting that Fed policy makers were starting to view the costs of long-term asset purchases as outweighing the benefits.

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