Payroll Tax News
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Orders for U.S. durable goods probably increased in April after falling by the most in seven months as companies invested in aircraft and capital equipment, economists forecast ahead of a report today.
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Sears Holdings Corp., the retailer controlled by billionaire hedge-fund manager Edward Lampert, posted a quarterly loss of $279 million, hurt by costs related to store closings and severance expenses. The shares tumbled.
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Sales of new U.S. homes climbed in April to the second-highest level in almost five years as lower borrowing costs and job gains drew more buyers into the market.
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Austerity is out after the euro-area recession extended to a sixth quarter. Stimulus isn’t yet in.
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Any lament that U.S. executives are sitting on cash at their companies instead of investing in plants and equipment may be about to get louder.
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Target Corp., the second-largest U.S. discount retailer, said first-quarter earnings fell 29 percent and cut its forecast for profit this year as higher taxes and cooler temperatures hampered sales.
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Following are the minutes of the Federal Reserve’s Open Market Committee meeting that concluded on May 1.
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The following is a reformatted version of the prepared testimony today of Federal Reserve Chairman Ben S. Bernanke to the Joint Economic Committee of Congress.
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Grupo Isolux Corsan SA’s task of laying power lines across the Amazon jungle ran into an unexpected obstacle last year when Brazil took more than six months to grant visas for 200 specialized Chinese workers.
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Treasury Secretary Jacob J. Lew said in an interview with Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend, that he was briefed in March on an investigation of selective IRS screening of nonprofit groups though he didn’t learn details of the findings until last week.
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