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Judge orders R.J. Reynolds to keep paying Florida millions
Economy
Published in 3-1-2018
    403 Visits
TALLAHASSEE, Fla. - A judge in Florida is ordering R.J. Reynolds to continue paying the state millions of dollars in tobacco settlement money despite selling off major brands. Circuit Judge Jeffrey Dana Gillen in Palm Beach County issued his ruling this week, nearly a year after Attorney General Pam Bondi sued the tobacco company and Imperial Tobacco Group. R.J. Reynolds and other tobacco companie ...>>
Reference: www.chron.com
Charity donations likely to drop next year due to tax law
Economy
Published in 3-1-2018
    963 Visits

WASHINGTON - In this season of giving, charity seems to be getting an extra jolt because next year the popular tax deduction for donations will lose a lot of its punch. Traditionally generous Americans may have less incentive to give to charitable causes next year because of the newly minted tax law. The changes that will make it less advantageous for many people to donate to charity in 2018 ma ...>>

Reference: www.chron.com
GM wins again as two more ignition switch suits are thrown out
Economy
Published in 3-1-2018
    450 Visits
Lawyers suing General Motor over its deadly ignition switch defect may have overplayed their hand as a federal judge in New York threw out two more crucial test cases. The plaintiffs failed to provide evidence that the specific type of flaw alleged to have occurred in two Texas car wrecks - a double rotation of the ignition switch - was anything more than a "theoretical possibility," U.S. District ...>>
Reference: www.chron.com
High times are legal times in California
Economy
Published in 3-1-2018
    90 Visits
OAKLAND, Calif. - It wasn't exactly reefer madness Monday as California launched the first legal retail sales of marijuana, but those who could find the drug celebrated the historic day, lining up early for ribbon cuttings, freebies and offerings ranging from joints to gummy bears to weed with names like Red Dragon. Jeff Deakin, 66, his wife Mary and their dog waited in the cold all night to ...>>
Reference: www.chron.com
Criminal underworld is dropping bitcoin for other currencies
Economy
Published in 3-1-2018
    992 Visits
Bitcoin is losing its luster with some of its earliest and most avid fans - criminals - giving rise to a new breed of virtual currency. "Privacy coins" such as monero, designed to avoid tracking, have climbed faster over the past two months as law enforcers adopt software tools to monitor people using bitcoin. A slew of analytic firms such as Chainalysis are getting better at flagging digital hoar ...>>
Reference: www.chron.com
What households need to know about the tax bill's impact
Economy
Published in 27-12-2017
    979 Visits
Federal taxes can be confounding in any typical year. But the GOP-led Congress' dash to approve the most sweeping tax overhaul in three decades has left many households unsure of what changes might await them come Jan. 1 and what they should do - if anything - before or after then. Here are some things to know. Rate change For individuals, the legislation generally lowers rates across income ...>>
Reference: www.chron.com
Health care, bank stocks pull indexes slightly lower
Economy
Published in 27-12-2017
    288 Visits
NEW YORK - Stocks finished slightly lower Friday in subdued trading ahead of a three-day holiday weekend. Health care companies and banks slipped. President Donald Trump signed the Republican-backed tax bill into law, but for the fourth day in a row, stocks didn't move much. They had made strong gains in recent weeks as investors became more sure the $1.5 trillion package would pass. Stocks ...>>
Reference: www.chron.com
Aging bull market looks to keep running
Economy
Published in 27-12-2017
    503 Visits
NEW YORK - Wall Street is forecasting another year of gains for stocks in 2018, even as worries rise that the end may be nearing for one of the market's greatest runs in history. The Standard & Poor's 500 index has nearly quadrupled since the dark days of early 2009, and this bull run of eight-plus years is well into senior-citizen status. Only the rally of 1990 to 2000 lasted longer. Bu ...>>
Reference: www.chron.com
Media face challenges in rush to sexual misconduct reckoning
Economy
Published in 27-12-2017
    136 Visits
NEW YORK - Talk show host Tavis Smiley isn't just upset with PBS for firing him on sexual misconduct charges. He's upset about his depiction in the media. Smiley believes that if he hadn't talked publicly about romantic relationships with subordinates at his company, the behavior that led to his downfall, the public would make little distinction between him and those who have been a ...>>
Reference: www.chron.com
Amid sales drop, Harley-Davidson wants to teach more to ride
Economy
Published in 27-12-2017
    951 Visits
MILWAUKEE - Harley-Davidson is placing a renewed emphasis on teaching people to ride as part of its efforts to attract more customers. The Milwaukee-based company's decision to expand the number of dealerships with a Harley Riding Academy comes as the industry grapples with years of declining sales and an aging customer base. The program launched in 2000 with about 50 locations and now 245 de ...>>
Reference: www.chron.com
World's income inequality has worsened, report says
Economy
Published in 20-12-2017
    380 Visits
TOKYO - Global income inequality has worsened over the past four decades, a report finds, with the wealthiest 1 percent of the world's population capturing twice as much income growth as the bottom half. The world's middle class, made up mostly of people in North America and Europe, has by some measures fared the worst. Globalization has boosted incomes for hundreds of millions of people ...>>
Reference: www.chron.com
Poor Venezuelans launch local currency amid cash crunch
Economy
Published in 20-12-2017
    266 Visits

CARACAS, Venezuela - Hard cash is tough to find in Venezuela as the country struggles with financial hardship. So residents in the capital last week unveiled their own currency. The panal, which means honeycomb in Spanish, can be spent in just a few stores. But residents of one neighborhood desperate for spending cash said they welcome the idea proposed by pro-government groups. "There is no ca ...>>

Reference: www.chron.com
A decade since the recession: Thriving cities leave others behind
Economy
Published in 20-12-2017
    489 Visits
WASHINGTON - As the nation's economy was still reeling from the body blow of the Great Recession, Seattle's was about to take off. In 2010, Amazon opened a headquarters in the little-known South Lake Union district - and then expanded eightfold over the next seven years to fill 36 buildings. Everywhere you look, there are signs of a thriving city: Building cranes looming over streets, ho ...>>
Reference: www.chron.com
Madoff victims near full recovery of principal with payout
Economy
Published in 20-12-2017
    874 Visits
Victims of Bernard Madoff's Ponzi scheme are set to begin 2018 with new checks totaling $584 million from the trustee unwinding the con man's company, boosting total payouts to almost $11.4 billion. The latest checks will range from $563 to almost $88 million, trustee Irving Picard said Monday. With the payments, more than half of Madoff's customers who submitted approved claims to ...>>
Reference: www.chron.com
Killed on the job: 2016 was deadliest in years for U.S. workers
Economy
Published in 20-12-2017
    617 Visits
Last year was the deadliest for U.S. workers in nearly a decade. According to the U.S. Bureau of Labor Statistics, 5,190 people were killed on the job in 2016, the most since 2008. The rate of fatal injuries for full-time workers rose to 3.6 per 100,000, the highest since 2010. Categories with significant increases included homicides, suicides and overdoses. Higher death rates spanned most age gr ...>>
Reference: www.chron.com


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