Caroline Harris News
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Fairmount Mineral Ltd., the industrial sand producer owned by American Securities Capital Partners LLC, plans to lower the rate it will pay on an $815 million term loan, according to a person with knowledge of the transaction.
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The bipartisan Washington consensus to rewrite the U.S. tax code has a flaw that will make it difficult to turn talk into law. There’s little agreement on what a tax overhaul means and what it’s supposed to achieve.
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Unifrax Corp., a producer of high- temperature insulation products, is seeking $450 million of loans to refinance debt, according to a person with knowledge of the transaction.
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Ameriforge Group Inc., a maker of forged products for the oil and gas industry, is seeking $500 million of loans to back its buyout by First Reserve Corp., according to a person with knowledge of the transaction.
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Companies will scrutinize President Barack Obama ’s 2012 budget proposal for changes that would affect income they earn overseas, the U.S. Chamber of Commerce’s chief tax counsel said.
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The Federal Communications Commission today said it will propose rules to lower rates charged to prison inmates for interstate telephone calls, after considering the issue for nine years.
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President Barack Obama called for $1.4 trillion in fresh revenue from Americans at the top of the income scale, proposing higher taxes on wages and investments and limiting breaks for retirement savings and health insurance.
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Traders are betting TPC Group Inc. will win America’s biggest takeover price increase, spurred by one of the chemical producer’s largest shareholders lobbying against the current proposal.
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U.S. prisoners pay as much as $17 for a 15-minute call with their families in a jailhouse phone market dominated by two private equity-backed companies, and that cost now is drawing scrutiny from regulators.
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A report from the chief congressional scorekeeper casts doubt on Republican efforts to cut the corporate tax rate to 25 percent without increasing the U.S. budget deficit or shifting the cost to other taxpayers.
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