Verizon says new U.S. tax law to increase 4th-qtr earnings
NEW YORK (Reuters) – Verizon Communications Inc said on Wednesday the tax overhaul bill signed into law by U.S. President Donald Trump late last year will result in a one-time reduction in net deferred income tax liabilities of about $16.8 billion.
Dow ends above 26,000 on earnings optimism
NEW YORK (Reuters) – U.S. stocks jumped on Wednesday and the Dow closed above 26,000 for the first time as investors’ expectations for higher earnings lifted stocks across sectors.
Apple plans new U.S. campus, to pay $38 billion in foreign cash taxes
(Reuters) – Apple Inc will open a new campus as part of a five-year, $30 billion U.S. investment plan and will make about $38 billion in one-time tax payments on its overseas cash, one of the largest corporate spending plans announced since the passag…
Alcoa reports bigger quarterly loss
(Reuters) – Aluminum producer Alcoa Corp reported a bigger quarterly loss on Wednesday, hurt by the closure and divestiture of some smelting assets.
Apple issues $2,500 bonuses to employees after new tax law: Bloomberg
(Reuters) – Apple Inc told its employees on Wednesday that the iPhone maker is issuing a bonus of $2,500 worth of restricted stock units following the new U.S. tax reform, Bloomberg reported, citing people familiar with the matter.
Dow ends above 26,000 for first time on earnings optimism
NEW YORK (Reuters) – U.S. stocks jumped on Wednesday and the Dow closed above 26,000 for the first time as investors’ expectations for higher earnings lifted stocks across sectors.
Apple plans second U.S. campus, to pay $38 billion in foreign cash taxes
(Reuters) – Apple Inc will open a second U.S. campus as part of a 5-year, $30 billion U.S. investment plan and will make about $38 billion in one-time tax payments on its overseas cash, one of the largest corporate spending plans announced since the p…
Exclusive: Trump considers big ‘fine’ over China intellectual property theft
WASHINGTON (Reuters) – President Donald Trump said on Wednesday the United States was considering a big “fine” as part of a probe into China’s alleged theft of intellectual property, the clearest indication yet that his administration will take retalia…
Shari Redstone explores adding new CBS directors: WSJ
(Reuters) – Shari Redstone has discussed adding new directors to the board of CBS Corp as she renews her push to merge the company with Viacom Inc, The Wall Street Journal reported Wednesday.
Regulatory fears hammer bitcoin below $10,000, half its peak
LONDON/TOKYO (Reuters) – Bitcoin fell as much as 20 percent on Wednesday, piercing below $10,000, while other cryptocurrencies took similar spills due to investor fears that regulators could clamp down on them in an effort to curb speculation.
