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The top U.S. financial regulator has blocked the takeover of the venerable Chicago Stock Exchange by a Chinese-led consortium, two years after it was proposed. The 136-year-old exchange (known as the CHX) is not one of America's biggest exchanges-it handles about 1% of U.S. trades-but it is one of its oldest. If the deal had gone through...
Emirates Airline has pledged to order up to 36 extra Airbus A380s, and, in doing so, has essentially saved the European firm's flagship commercial plane from the scrapheap. The double-decker A380 is very expensive to run, and only really makes commercial sense on fully-booked flights. Airbus has only...
While most Finance pros can recite the ins and outs of their policies ad nauseum, an alarming number of employers don't have any way of knowing if and when their internal policies are being violated. That's a according to the recent "What Makes an Effective Policy Management Program" report by MetricStream. Specifically...
The IRS recently warned employers to put their Payroll folks on high alert this tax season for phishing scams that have caught many of companies off-guard. The most recent warning centers around a W-2 scam that impacted "hundreds of organizations and thousands of employees last year."
When it comes to the valuable commodity of time, most Finance workers simply don't have enough. But for A/P pros in particular, that shortage is getting expensive. The average Accounts Payable department spends 84% of its time on transaction processing, according to the Institute of Financial Management (IOFM). That leaves just 16% of their day for analysis work, which knocks A/P right back to...
The IRS recently did something regarding the Affordable Care Act (ACA) it was adamant it wouldn't do this year. Despite consistent warnings to employers that it wouldn't be granting extensions or "good-faith" penalty relief for this year's ACA reporting, the IRS has decided to do just that. In Notice 2018-06...
Even if the DOL acknowledges a company made a minor, "common" mistake regarding overtime calculations, it doesn't mean the agency will let that company off the hook. And that's a lesson Ide Management Group LLC learned the hard way.
For two centuries, it has been a totem of America's gun culture -- a name emblazoned on frontier flintlocks and U.S. Army .45s. But on Monday Remington Outdoor Co., which traces its history back to 1816, said it would file for bankruptcy protection, succumbing to a slump in business worsened by, of all things...
U.S. manufacturing production just had its best year since 2011, yet some argue that 2017 was as good as it will get and that a slowdown is ahead. We think the opposite is more likely: Factory output is poised to speed up. Investors worried that the equity market is stretched should take heart. Stronger growth in factory output is a good reason to remain cyclically oriented, especially in U.S. industrial stocks. Trade, one of the biggest engines of the sector in 2017, is likely to...
The U.S. health care industry might be seeing the early signs of major shifts such as employers exerting pricing power to rein in costs; the aggressive use of technology such as drones and databases to predict, diagnose and treat diseases; and, consequently, an upending of the bargaining power of providers such as hospitals, physicians and pharmaceutical companies. All those and more are expected to...
China under President Xi Jinping has proven wrong its critics in the past year with strong economic growth, leadership in combating climate change and clean energy, and implementation of its "One Belt, One Road" initiative that could be a trade game changer. And while there should be more momentum in the year ahead, the country could...
Let's talk a bit about sales pipelines. According to the classic definition, sales prospects (people or companies that haven't bought from you) go into one end of the pipe and customers (people or companies that are now buying from you) come out the other end of the pipe. The problem with the pipeline analogy is that it encourages linear thinking: If...
Apple on Wednesday announced plans to open a new campus this year as part of an effort to hire 20,000 new workers over the next five years. The company said in a statement that it would "establish an Apple campus in a new location," which it would announce "later in the year," that "will initially house technical support for customers."
The Sharks are cold, cunning and curt. They tell it like it is. They aren't afraid to let an entrepreneur know when his or her idea is bad-or even terrible. They're in it for the money and the money alone. Or...
There has been a great deal of information about the new tax reform law and what it means for the current tax year. But with tax season for the 2017 tax year just around the corner, taxpayers want to know what's new for 2017. Here's what you need to know about changes to your 2017 tax returns (the one you'll be filing beginning on Monday):
Americans increased their spending 0.4 percent in December, a solid pace but slower than the big spending burst seen in November. The Commerce Department said Monday the spending gain followed a 0.8 percent surge in November. Incomes were up 0.4 percent, helped by...
The U.S. economy grew at a solid rate of 2.6 percent in the final three months of last year, helped by the fastest consumer spending since the spring of 2016 and a big rebound in home construction. The fourth quarter advance in...
The country's largest electricity company will pay an $84,000 penalty and work to stop potentially toxic waste from three North Carolina coal-burning power plants from leaking into groundwater and nearby rivers under a deal with state regulators announced Tuesday. The deal, already signed by a Duke Energy Corp. executive, includes...
After Amazon announced late last year that it plans to build a second headquarters in an undetermined location, it received 238 bids from cities, states, and regions across North America. Each proposal detailed why that place should be chosen for Amazon's new second home. On Thursday, the company announced...
U.S. manufacturers are upbeat about the industry and forecast strong growth headed into 2018. The 2017 Fourth Quarter Manufacturers' Outlook Survey by the National Association of Manufacturers found more than 90 percent of respondents had a positive outlook for their own company. Manufacturers also said they expect an average production growth rate of 5 percent over the next 12 months. Data indicated...