Robert Willens News
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Mitt Romney has long had close ties to hotel operator Marriott International Inc. The candidate for the Republican presidential nomination, whose full name is Willard Mitt Romney, was named after the chain’s founder, J. Willard Marriott, a friend of his father. He joined the company’s board in 1993, and has served on it for 11 of the past 19 years, including six as chairman of the audit committee.
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Ford Motor Co., boosted by a one- time tax gain, may report its most profitable year since 1998, while weakness in Europe and Asia cut fourth-quarter earnings.
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Ford Motor Co. posted fourth-quarter profit that fell short of analysts’ estimates as overseas operations dragged down results while a one-time tax gain resulted in the company’s biggest annual profit since 1998.
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The departure of New York Times Co. Chief Executive Officer Janet Robinson last month leaves the company with a leadership vacuum amid falling revenue, profit squeezed by pension costs and pressure from family members to restore a dividend once worth more than $20 million a year.
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Morgan Stanley’s new deferred bonus plan will reward patience, at least for its top employees. For shareholders of the investment bank, the costs may linger for at least three years.
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American International Group Inc.’s shareholders face deferred taxes on warrants issued in January after a ruling by the Internal Revenue Service.
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William Daley , President Barack Obama ’s new chief of staff, can defer the payment of capital gains taxes on his sale of almost $8.3 million of JPMorgan Chase & Co . shares, based on government ethics rules.
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Ford Motor Co. , after earning $9.3 billion in the last two years, may make an accounting change this year to reflect confidence in its recovery, a move one tax expert said could boost its 2011 profit as much as $13 billion.
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When billionaire Billy Joe “Red” McCombs, co-founder of Clear Channel Communications Inc., reported a $9.8 million loss on his tax return, he failed to include about $259 million from a lucrative stock transaction.
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Verizon Communications Inc. and AT&T Inc. ’s move to change the way they account for pension costs may increase the volatility of earnings if the economy hits another recession, accountants say.
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