US companies' profit totaled $2.1 trillion in the third quarter, a 1.1% decrease compared with Q2 and the largest decline since the recession, according to the Commerce Department. Headwinds included a strong US dollar and weak global demand. The decline could complicate the Federal Reserve's decision-making about interest rates next month.
The California Public Employees' Retirement System has paid $3.4 billion to private equity fund managers since 1990 for profit sharing, according to the pension fund. CalPERS says private equity has been the best-performing investment, earning $24.2 billion. "Private equity has the highest net returns in our portfolio," Chief Investment Officer Ted Eliopoulos said.
People should take advantage of all the retirement-savings tools available to them, including the tax breaks and employer matches that may come with contributing to a retirement account. Here are six tips for making the most of 401(k)s and other types of retirement accounts in 2016.
The Chinese Ministry of Finance and the IFRS Foundation have formed a joint working group tasked with advancing the use of IFRS within China, particularly for Chinese companies that have an international orientation. A joint statement issued Tuesday identifies a vision for Chinese Accounting Standards and IFRS to converge.
A number of tactics can be used to manage an office building's utility bills. Strategies for lowering costs include using smart controls to reduce demand charges and experimenting with on-site renewable energy.
In response to many comments, the Internal Revenue Service announced on Tuesday that is raising the de minimis limit for deducting expenses for purchases of items of tangible property from $500 to $2,500 for taxpayers without applicable financial statements. The AICPA had advocated for increasing the limit to $2,500 in comments to the IRS.
Choosing a health insurance plan can be frustrating, but it's important to work the numbers to make sure you are picking the best option. The best option may depend on how many medical bills you expect to have in a particular year.
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