Blog Profile / DealBook

Filed Under:Business & Finance
Posts on Regator:20819
Posts / Week:43.7
Archived Since:March 7, 2008

Blog Post Archive

Movers: Tax Cuts, Bank Earnings and a Pokémon Bounce

We’re following major developments in the markets throughout the day. Check below for the latest updates.

Morning Agenda: A Blueprint for Tax Cuts

It remains unclear how President Trump’s desire for lower rates would be paid for, but the prospect of a corporate tax cut has bolstered investor enthusiasm.

Credit Suisse Will Raise $4 Billion and Scrap I.P.O. of Swiss Unit

The bank said it would retain full ownership of its Swiss universal bank and raise additional capital through a share sale as it continued restructuring.

Trump’s Tax Plan: Low Rate for Corporations, and for Companies Like His

The blueprint, expected to be announced on Wednesday, jettisons a House Republican proposal to impose a tax on imports, which would help offset the cuts.

Lumber Tariff Adds Wrinkle to Nafta Talks With Canada

The Trump administration seized on the decision to slap tariffs on the industry’s exports as a way to demonstrate the president’s tough-on-trade posture.

Dole Looks to Return to Stock Markets, Again

An initial public offering would let Dole’s owner, the billionaire David H. Murdock, cash in after taking the company private in 2013.

Fox News Faces New Racial Discrimination Lawsuit

Eleven current and ex-employees filed a class-action suit accusing the network of “abhorrent, intolerable, unlawful and hostile racial discrimination.”

Derek Jeter and Jeb Bush Move Closer to Purchase of Marlins

A group including Jeter and Jeb Bush, the former Florida governor and presidential candidate, has reached an agreement in principle to buy the Miami Marlins.

Breakingviews: Tyson Foods Continues Expansion With Takeover of Sandwich Maker

Buying AdvancePierre will help Tyson Foods further reduce its dependence on the volatile commodity meat business. But it is paying a big premium to do so.

A Trump Tax Cut Looks Good to Business, but It Has to Add Up

The prospect of a 15 percent corporate rate is appealing, but some question its prospects, or are wary of the trade-offs needed to achieve it.

Wells Fargo Shareholders Tepidly Re-Elect Bank’s Directors

All 15 board members won support from at least 53 percent of voting shareholders despite the sales scandal that emerged last year.

Debt Crisis Shakes Chinese Town, Pointing to Wider Problems

Zouping’s troubles show how companies in China guarantee one another’s loans, representing a potential hazard within China’s vast financial system.

Markets Rise on Tax Overhaul Optimism

Stock market indexes rose sharply, with the Nasdaq topping 6,000, on reports that President Trump was seeking to cut corporate taxes.

Marissa Mayer Will Make $186 Million on Yahoo’s Sale to Verizon

Ms. Mayer, Yahoo’s chief executive, failed to return the company to greatness but will have a big payday after the sale thanks to her stock, stock options and restricted stock units.

Movers: Wells Fargo’s Annual Meeting, and Earnings From AT&T, McDonald’s and Coca-Cola

We’re following major developments in the markets throughout the day. Check below for the latest updates.

Morning Agenda: The Trump Tax Cut

The president was said to have told his staff that he wanted a tax cut and that it was less important that the plan could add to the federal budget deficit.

LVMH to Take Control of Christian Dior in $13.1 Billion Deal

A series of long-anticipated transactions will buy out minority shareholders in the Paris fashion house.

Money Managers Take Off the Gloves in Dealing With Companies

In one example of a change in strategy, Neuberger Berman sounded out hedge funds about investing in Whole Foods Market and pressing for change.

How Trump’s Pick for Top Antitrust Cop May Shape Competition

Makan Delrahim, the choice to head antitrust matters at the Justice Department, said he did not plan to use federal laws in “a fishing expedition.”

Robin Hood, Favorite Charity on Wall Street, Gets New Leader

Wes Moore, an author, combat veteran and entrepreneur, will lead the foundation, which distributed $130 million to organizations in New York City last year.

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