Search results

Boaz Weinstein Sues BlackRock Alleging Corporate-Governance Failings BlackRock says Saba knew or should have known about the funds’ bylaws when it invested BlackRock is defending its practices in light of two lawsuits filed against it Tuesday. PHOTO: LUCAS JACKSON/REUTERS By Gretchen...

Italian Currency The Italian parliament last week endorsed the idea of introducing a new domestic sort-of-currency with which to pay off the country's debts, and possibly pull Italy out of the Eurozone. Citizens would also be able to use the new "mini-bills of Treasury" to pay their taxes. As...

Woodford Equity The prominent British fund manager Neil Woodford has said he is "extremely sorry" he suspended trading in his Woodford Equity Income Fund yesterday, but he had to do so to "protect investors' interests." Investors had been rushing to pull their money out of the poorly performing...

Mexican Tariffs President Trump is heading for a rare showdown with Republican senators over his planned tariffs against Mexican imports. Ted Cruz: "I will yield to nobody in passion and seriousness and commitment to securing the border, but there's no reason for Texas farmers and ranchers and...

A Rationale For Using QBI Tax Treatment For Traders June 4, 2019 | By: Robert A. Green, CPA | Read it on There are two opposing arguments made by tax professionals for applying Section 199A qualified business income (QBI) treatment on 2018 tax returns for traders with trader tax status...

The FTC is asking Amazon's rivals if they are being crushed by Jeff Bezos' company The Federal Trade Commission is homing in on Amazon. A new report from Vox revealed that the government agency has been questioning Amazon's rivals about some of its business practices, including how it competes...

Uber says IRS probing its 2013-14 tax returns The U.S. Internal Revenue Service is auditing Uber Technologies Inc's taxes for 2013 and 2014 and the ride-hailing company expects unrecognized tax benefits to be reduced within the next year by at least $141 million. (Reuters)

‘Pervasive Compliance Failures’ Found at Hedge Fund Deer Park Road, SEC Says The $2.5 billion firm and its CIO have been fined. Alicia McElhaney June 04, 2019 U.S. Securities and Exchange Commission headquarters. (Zach Gibson/Bloomberg) Hedge fund firm Deer Park Road Management has...

By Amy Graff, SFGATE Updated 9:09 am PDT, Tuesday, June 4, 2019 30 Photo: Open Homes Photography IMAGE 1 OF 35 This three-bedroom, three-bathroom Noe Valley home with classic Victorian architecture and light-filled interiors is located at 1081 Church St., only one block from 24th...

Huawei Demand Demand for Huawei smartphones has "dropped off a cliff" in Europe, in one analyst's words. Consumers understandably fear that the devices will quickly become insecure or lose features, due to U.S. blacklisting of the Chinese telecommunications giant. All bad news for Huawei, which...

California beats Texas in new ranking of state economies California beats business arch-rival Texas by a wide margin in a new raking of state economies. Buoyed by high marks for innovation and overall economic activity, the Golden State ranked 4th nationally in the report released Monday by...

The star fund managers who fell to earth This article first appeared in MoneyWeek magazine in March 2018. Given the recent developments with Neil Woodford's Equity Income fund, we thought it might bear repeating now. Until his recent wobbles, Neil Woodford had built a strong reputation over a...

Neil Woodford has not had much luck since going out on his own. The suspension of redemptions from his LF Woodford Equity Income Fund on Monday comes after a tumultuous three years, in which the flagship fund fell about 6% as U.K. picks including Provident Financial Plc and Capita Plc went bad...

""

""

""

“Faith is not the absence of doubt, but the courage to believe in spite of it.” - Senator John McCain

Boeing Wings Yet more trouble for Boeing, this time flagged up by the company itself. The plane giant told the FAA that some of the wing components in its grounded 737 Max (and in its predecessor 373 NG model) may have been improperly manufactured. All in all, the parts will need to be replaced...

PG&E creditors to boost restructuring plan to $45 billion A group of PG&E Corp. creditors could preempt the embattled California utility's own attempt to claw its way out of bankruptcy by presenting a restructuring plan that could be worth at least $45 billion, according to people familiar with...

Gap stock falls the most since 2016 after weakness extends to Old Navy Gap Inc. tumbled after the clothing retailer reported a slump in sales at both its namesake line and Old Navy, threatening the potential appeal for a spinoff of the discount chain. Same-store sales, a key measure of a...