Twitter Inc., leading up to its Nov. 6 initial public offering, faced questions from the U.S. Securities and Exchange Commission about slowing user growth and whether people were losing interest in viewing ads -- the company’s main source of revenue.
House and Senate lawmakers are close to agreeing on a bill that would give President Barack Obama authority to negotiate trade agreements free of congressional amendments, according to two people familiar with the talks.
U.S. companies could encounter higher borrowing costs under a congressional tax plan that would reverse a 29-year-old policy making it easier for other countries’ residents to invest in U.S. corporate debt.
Since 1989, Poland has stood out among the former communist countries as the most successful reformer with the highest cumulative economic growth. It sailed through the global crisis and was the only European Union nation that didn’t experience a recession in 2009.
Senator Max Baucus, a Democrat from Montana and the chairman of the Senate Finance Committee, wants to cut corporate tax rates. But he’s finding that corporations are lining up to criticize his proposal.
Owens Corning wants a bigger market for its insulation. Cracker Barrel Old Country Store Inc. seeks to refurbish restaurants that churn out fried apples. Bank of New York Mellon Inc. is trying to avoid letting some competitors have an edge overseas.
Here’s some holiday cheer: 120 million American families no longer have to file income tax returns; the top individual rate is lowered by 20 percent; the top corporate rate is cut by more than half; the government gets the same amount of revenue; and the tax system is slightly more progressive.
Senate Finance Committee Chairman Max Baucus offered some good ideas last week for improving how the U.S. taxes American multinational corporations. The current system could certainly stand some improvement. It’s so bad, Congress might actually do something.
Heritage Action, the angry conservative id that has swallowed the Heritage Foundation (and much of the House Republican Conference) whole, just announced that it will treat Janet Yellen’s nomination for chairman of the Federal Reserve as a “key” vote. The designation is intended to pressure Republican senators, who presumably risk being labeled soft on monetarism if they vote to elevate Yellen.