David Scott News
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When Oklahoma energy billionaire George Kaiser opened the Northeast Gateway liquid natural gas terminal in 2008, the floating depot’s first delivery was shipped on the Excellence, a 909-foot supertanker that holds 138,000 cubic meters of LNG -- enough gas to meet more than 4 percent of daily U.S. demand.
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President Barack Obama wants to prevent people from accumulating too much money in their tax- advantaged retirement accounts or trusts for heirs, adding to pressure on the wealthy after raising tax rates in January.
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With professional golfers and hedge fund managers talking about moving to lower-tax enclaves, states are stepping up audits on top earners who flee.
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Republican presidential candidate Mitt Romney and his wife, Ann, have used sophisticated estate- planning techniques for more than a decade to minimize taxes and amass at least $100 million for their family outside of their estate.
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U.S. House lawmakers advanced legislation that would ease Dodd-Frank Act derivatives rules and give banks greater ability to trade swaps overseas.
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He calls the law tightening oversight of Wall Street among the most “harmful our capital markets have seen.” She has compared bankers to gangsters.
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Amgen Inc., the world’s largest biotechnology company, pleaded guilty to misbranding its anemia medication Aranesp and agreed to pay $762 million in criminal penalties and civil settlements.
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JPMorgan Chase & Co., Bank of America Corp. and three other U.S. mortgage servicers are in advanced talks to resolve state and federal claims over faulty foreclosures, according to two people briefed on the matter.
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After 13 years, I had finally earned the late Neil Armstrong’s confidence.
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Abu Dhabi is considering a proposal to use solar-energy equipment on rooftops in the city to generate about 500 megawatts of power, the executive director at the city’s Executive Affairs Authority said. The capital of OPEC nation the United Arab Emirates also aims to generate 1,500 megawatts of electricity, or 7 percent of total demand, from renewable energy sources by 2020, the official, David Scott, said in an interview today. The rooftops of major warehouses could be used, he said.
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