Constellation Brands, which owns Corona beer, is taking steps to avoid raising prices on goods produced in Mexico and imported to the US. Constellation and other companies are planning changes in response to the potential for tax reform under President Donald Trump and a Republican-controlled Congress.
More than one-fourth of respondents to a Consumer Financial Protection Bureau survey reported feeling threatened when dealing with debt collectors. The report noted that consumers may receive frequent calls at odd hours, among other issues.
In a welcome development for taxpayers, the Internal Revenue Service said that it would once again issue private letter rulings under Sec. 355 on whether a spinoff transaction meets the business-purpose requirement and is not a device to distribute earnings and profits, both prerequisites for tax-free reorganizations that the IRS stopped ruling on more than 10 years ago.
Net share buybacks surpassed free cash flow after dividends at publicly traded companies studied by Fitch Ratings in a yearlong period ended in September. Buybacks have exceeded free cash flow since 2014, encouraging companies to make up the difference by borrowing.
President Donald Trump signed an executive order shortly after taking office that directs federal agencies to start rolling back parts of the Affordable Care Act. The order also calls on the agencies to start developing a system that will enable health insurance to be sold across state lines.
President Donald Trump said he plans to re-open negotiations on the North American Free Trade Agreement with Canada and Mexico. Experts say the renegotiation process could take years, and Canada and Mexico will seek concessions of their own.
Airplane passengers -- particularly business travelers -- can expect higher ticket prices this year. This article offers suggestions on how to lessen the cost of air travel, such as booking well ahead of time and using discounts.
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