Oil and Gas News
Congressional Republicans reached a deal on final tax legislation on Wednesday, clearing the way for final votes next week on a package that would slash the U.S. corporate tax rate to 21 percent and cut taxes for wealthy Americans. Under an agreement between the House of Representatives and the Senate, the corporate tax would be 1 percentage point higher than the 20 percent rate earlier proposed, but still far below the current headline rate of 35 percent, a deep tax reduction that corporations have sought for years.
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Apple announced on Wednesday it is giving one of its laser manufacturers, Finisar, $390 million. CNBC's Jim Cramer, for example, called it a "fantastic" deal and said it turned the chipmaker into an "entirely different company" in a bullish take on the deal.
Posted on 13 December 2017 | 10:30 pm
Canada's decision to make it harder for Boeing Co (BA.N) to win a major jet order hands rival plane maker Lockheed Martin Corp (LMT.N) an advantage in capturing the contract, defence experts said on Wednesday. Ottawa on Tuesday scrapped plans to buy 18 Boeing Super Hornets and made clear the company would not win a contract for 88 jets unless it dropped a trade challenge against Canadian planemaker Bombardier Inc (BBDb.TO). Last week Boeing made clear it would not back down in its fight against Bombardier, which it accuses of trying to dump airliners on the U.S. market.
Posted on 13 December 2017 | 10:25 pm
PARIS/NEW YORK (Reuters) - Delta Air Lines (DAL.N) looked close on Wednesday to placing an order for 100 Airbus (AIR.PA) A321neo jets in a boost for the European planemaker as it tries to narrow a 2017 order gap against Boeing (BA.N), two people familiar with the matter said. The A321neo has a significant lead in market share over equivalent Boeing narrowbody models, but faces potential competition from a new mid-market jet being studied by Boeing and for which the U.S. firm may start seeking offers next year.
Posted on 13 December 2017 | 10:11 pm
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Three-fourths of Republican voters say they support net neutrality — and party lawmakers are starting to speak out against repealing it
The Republican-led Federal Communications Commission will vote to repeal its net neutrality rules on Thursday. Some Republican members of Congress are asking the FCC chairman to delay the vote. A recent poll found three out of four Republican voters want to keep the net neutrality rules.
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Reports that Teva Pharmaceutical Industries is planning a restructuring involving mass layoffs in Israel sparked calls on Wednesday for a half-day general strike to be held in protest. The plan includes closing Teva's research and development centre in the coastal city of Netanya, selling its logistics centre in Shoham and cutting 3,300 jobs out of 6,430 nation-wide, the Israeli financial news website Calcalist reported. Teva, the world's largest generic drug maker which employs more than 56,000 people, did not comment on the details of the report.
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The tax cuts Congress is likely to pass by the end of the year will benefit many Americans, harm some and leave others unaffected. Perhaps it’s no surprise that Republicans across the country will benefit more from the cuts than Democrats or Independents, according to a new Yahoo Finance analysis of election data. The legislation, likely to pass with majority Republican support and virtually no Democratic votes, will generally provide bigger tax cuts for higher earners, in terms of both the percentage increase in after-tax income, and the dollar value of that income.
Posted on 13 December 2017 | 6:41 pm
RBC: Nvidia can’t profit from bitcoin anymore — but the boost from cryptocurrencies is just getting started (NVDA)
Some have argued that the boost Nvidia has seen from cryptocurrency mining is over, but one analyst thinks differently. Alt-coins have been exploding in value and could provide another big boost to Nvidia's bottom line. Some analysts have already called for the end of the crypto boom for Nvidia, but Mitch Steves, an analyst at RBC Capital Markets, thinks differently.
Posted on 13 December 2017 | 4:50 pm
It can make a prospective employer question your loyalty, your work ethic, even your personality. Whether you like it or not, if you have been let go, this is an issue you will have to address and pass with flying colors to get to the next level in your job interview. It will be worse for you if the hiring manager finds out that you lied to them.
Posted on 13 December 2017 | 4:39 pm
The Senate is reportedly working on a draft of a house financing reform bill that could have huge implications for Fannie Mae and Freddie Mac. Since 2012, all of Fannie and Freddie's profits have been turned over to the government under the terms of their bailouts during the financial crisis. The good news for Fannie and Freddie started in May when Federal Housing Finance Agency director Mel Watt said it would be irresponsible to keep the two government-sponsored entities under government conservatorship without recapitalizing them to provide a cushion in the event of another housing market downturn.
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The various loopholes and accounting maneuvers created by the rushed tax overhaul will make a follow-up bill with technical corrections necessary. House Ways and Means Chairman Kevin Brady confirmed on Monday that Republicans will likely have to work up such a bill. "There are always technical corrections bills,” Martin Sullivan of Tax Analysts tweeted Monday.
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The new mayor of San Francisco, home of the most expensive real estate in America, is a 'life-long renter'
San Francisco mayor Ed Lee died of a heart attack on Tuesday morning at age 65. Breed is a native of San Francisco who grew up in public housing and described herself as a "life-long renter" in an op-ed last year. San Francisco Mayor Ed Lee died suddenly of a heart attack on Tuesday morning.
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Breaking through paradigms is something Tesla CEO Elon Musk appears to have been born to do. With the company’s recent announcements that it intends to take many more steps into reshaping the entire electric vehicle (EV) industry, investors are left wondering what such creations will mean for TSLA’s bottom line in the years to come. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The company would be introducing an electric Semi truck with the ability to go up to 500 miles on a single charge, and be able to charge 400-miles worth of power in 30 minutes with a revamped supercharger system.
Posted on 12 December 2017 | 4:56 pm
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After winning big back in October, it’s time once again to take a look at Microsoft Corporation (NASDAQ:MSFT). Let’s take a quick look back at MSFT stock over the past couple of months. Microsoft’s earnings were impressive, blowing away the consensus estimate and pushing MSFT stock to fresh multi-year highs north of $80.
Posted on 12 December 2017 | 3:42 pm
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Bitcoin hit a new all-time high on Monday. The cryptocurrency has soared over the last two years, and regular Americans have started to get interested. Some people have reportedly taken out mortgages to buy Bitcoin, while others are paying for the cryptocurrency with their credit cards, according to CNBC.
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Zimbabwe's presidential spokesman says former leader Robert Mugabe and his wife, Grace, are on their first trip abroad since Mugabe resigned last month under pressure from the military and ruling party....
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