Investor Tom Perkins says progressive taxation ‘persecutes’ the rich
SAN FRANCISCO (Reuters) – Tom Perkins, the Silicon Valley venture capitalist who compared the plight of the wealthiest Americans to Jews in Nazi Germany, offered up a provocative new idea on what the rich deserve: more votes in public elections for eve…
Obama weighs in on contentious union vote at Volkswagen plant
CAMBRIDGE, Md./CHATTANOOGA, Tennessee (Reuters) – P resident Barack Obama on Friday waded into a high-stakes union vote at Volkswagen AG’s plant in Tennessee, accusing Republican politicians who oppose unionization of being more concerned about German …
Exclusive: Canadian Pacific follows CN, to slap surcharge on older oil tank cars
CALGARY/TORONTO (Reuters) – Canadian Pacific Railway Ltd is slapping a surcharge on customers who transport crude in older tank cars, following its larger rival in seeking to deter shippers from using the model involved in a series of fiery crashes.
Buffett’s Berkshire dissolves stake in Dish
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc eliminated its stake in Dish Network Corp in the fourth quarter and added a stake in financial giant Goldman Sachs, according to a regulatory filing on Friday.
Bitstamp to resume withdrawals, steadying nervous bitcoin market
NEW YORK (Reuters) – One of the bitcoin exchanges that recently suspended withdrawals of the digital currency on Friday said it planned to allow redemptions to resume later in the day, restoring some confidence to the shaken market.
Comcast turns to Davis Polk for Time Warner Cable merger
WASHINGTON (Reuters) – Comcast Corp will again be working with its longtime antitrust counsel at Davis Polk & Wardwell, as the communications and entertainment group seeks to navigate the U.S. approval process to merge with rival Time Warner Cable Inc .
Jos. A. Bank to buy Eddie Bauer in bid to stay independent
(Reuters) – Men’s clothing retailer Jos. A. Bank Clothiers Inc , the target of an unwelcome bid from rival Men’s Wearhouse Inc , said it would buy outdoor clothing retailer Eddie Bauer for $825 million in its latest effort to stay independent.
U.S. to let banks do business with licensed pot shops
WASHINGTON (Reuters) – The Obama administration made it easier on Friday for banks to do business with licensed marijuana companies with less fear of prosecution, further encouraging U.S. states that are experimenting with legalization of the drug.
Republic Air says reaches tentative pact with pilots union
(Reuters) – Republic Airways Holdings Inc said on Friday that it reached a tentative accord for a four-year labor contract with the Teamsters union, which represents more than 2,200 pilots at its Republic, Chautauqua and Shuttle America regional airlin…
Goldman Sachs to advise Spain on Bankia stake sale: FROB
MADRID (Reuters) – Spain’s bank rescue fund FROB said on Friday it chose Goldman Sachs to advise it on the sale of part of the government’s controlling stake in nationalized lender Bankia .
