上海夜生活,上海夜生活网,上海夜网论坛 - Powered by November 2018

U.S. extends deadline for Rusal sanctions, aluminum prices dive

WASHINGTON/MOSCOW ( ) – The United States on Monday gave American customers of Russia’s biggest aluminum producer more time to comply with sanctions, and said it would consider lifting them if United Company Rusal Plc’s major shareholder, Russian tycoon Oleg Deripaska, ceded control of the company.

Aluminum prices on the London Metal Exchange tumbled 8.7 percent on the U.S. Treasury Department announcement, which gives Rusal longer to sell off large quantities of aluminum it had been stockpiling in the wake of sanctions.

Last week, aluminum prices rallied to their highest in years after Washington, in response to what it called “malign activities” by Russia, imposed the sanctions that will in effect choke off access for Der上海夜生活ipaska’s businesses to the i,上海夜生活服务Hadrian,nternational financial system.

Treasury gave Americans until Oct. 23 instead of June 5 to wind down business with Rusal. It said it would not impose secondary sanctions on non-U.S. entities engaged with Rusal or its subsidiaries.

Shares in Rusal, one of the world’s largest aluminum companies, jumped 17.7 percent on the Moscow Exchange. Earlier, Rusal h,上海021夜网Ida,ad ended Hong Kong trading down 8.4 percent. Shares of its U.S. rival Alcoa Corp slid 13.5 percent on the New York stock exchange.

“Rusal has felt the impact of U.S. sanctions because of its entanglement with Oleg Deripaska, but the U.S. government is not targeting the hardworking people who depend on Rusal and its subsidiaries,” U.S. Treasury Secretary Steven Mnuchin said.

Workers at one of Russia’s biggest aluminum smelters say their Siberian town is doomed unless Moscow mitigates U.S. sanctions against Rusal, a predicament mirrored across the company’s sprawling operations.

Deripaska owns a 48 percent stake in Rusal “and controls the company via his shareholder agreement with other owners,” said Oleg Petropavlovsky, a senior analyst at BCS Global Markets. “It is not clear whether potential ,上海夜生活男人好去处Kade,cancellation of this shareholder agreement would be enough” to satisfy U.S. officials, he said.

Rusal declined to comment on the Treasury Department announcement. The Kremlin and Deripaska did not immediately respond to requests for comment.


European leaders have worked to persuade U.S. President Donald Trump to ease sanctions on Russia, with the president of France poised to visit the White House this week.

Mnuchin said “impact on our partners and allies” factored into the reprieve. French sources said initial feedback had been “constructive.”

Rusal now has more time to sell off its supply. Even if sanctions are not ultimately lifted, buyers also have more time to seek other suppliers.

Related CoverageRusal sanctions seen risk to Kazakh coal venture: Samruk EnergyU.S. ‘constructive’ over allies’ concerns on Russian aluminum sanctions: French source

Last week, aluminum rallied to its highest since mid-2011 on fears the global market could face shortages as a result of the U.S. sanctions. It remains up more than 16 percent this month.

Wood Mackenzie analysts said Treasury’s announcement provides “much-needed breathing space” for the aluminum market, adding “We expect near-term correction and volatility” in prices.

Edward Meir, an analyst at INTL FCStone, said there is potential for Rusal to survive and that “the 5 mln (million) tons of Rusal production that a week ago was arguably radioactive, will no longer be so.”

Stocks fall as U.S. yields rise, commodities tumble

NEW YORK ( ) – A gauge of global equity markets declined on Monday as U.S. bond yields moved closer to the 3 percent level that has unsettled investors in recent months, while a fall in commodity prices pressured materials stocks.

U.S. bond prices fell, with the 10-year yield hitting its highest in over four years at 2.998 percent. Investors are worrying about the growing supply of government debt and accelerating inflation as oil and commodity prices have been rising in recent weeks.

Benchmark 10-year notes US10YT=RR last fell 7/32 in price to yield 2.9752 percent, from 2.951 percent late on Friday.

“That three percen,上海夜哪里艳遇Kade,t on the ten-year is hugely important and many very bright people have thought of three percent as the tipping point, so to speak, in terms of providing an alternative to equities and also providing a shift in the narrative,” said Peter Kenny, senior market strategist at Global Markets Advisory Group, in New York.

Commodities sold off after the United States hinted it might relieve sanctions on Russia’s biggest aluminum producer United Company Rusal Plc (OKSAI.MM).

Three-month aluminum on the London Metal Exchange CMAL3, which hit a seven-year high on Thursday, was last down 8.7 percent at $2,254.50 a tonne. Shares of aluminum company Alcoa (AA.N) tumbled 13.51 percent.

Spot gold XAU= dropped 0.8 percent to $1,324.66 an ounce.

In equity markets, the pan-European FTSEurofirst 300 index .FTEU3 rose 0.35 percent. MSCI’s gauge of stocks across the globe .MIWD00000PUS shed 0.29 percent.

The climb in debt yields helped push the U.S. dollar to a seven-week high, putting additional pressure on commodities and sending the euro and yen lower.

The dollar index .DXY rose 0.67 percent, with the euro EUR= down 0.65 percent to $1.2206. The Japanese yen weakened 0.97 percent versus the greenback at 108.70 per,上海夜生活服务Larissa, dollar.

Oil prices were volatile, with crude recovering from earlier losses. Investors juggled dow上海夜生活nward pressure after Iran squashed hopes that OPEC would extend its production cap pact with support on fears U.S. sanctions could,上海夜生活乌托邦Idaline, dampen Iran’s output.

U.S. crude CLcv1 settled up 0.35 percent at $68.64 per barrel and Brent LCOcv1 was last at $74.71, up 0.88 percent.

U.S. stocks were little changed ahead of earnings from some big names in the technology and consumer discretionary sectors this week, with Amazon.com (AMZN.O) -0.6 percent and Microsoft (MSFT.O) flat.

The Dow Jones Industrial Average .DJI fell 14.05 points, or 0.06 percent, to 24,448.89, the S&P 500 .SPX gained 0.14 points, or 0.01 percent, to 2,670.28 and the Nasdaq Composite .IXIC dropped 17.53 points, or 0.25 percent, to 7,128.60.

All eyes are on U.S. earnings, with more than 180 companies in the S&P 500 reporting results this week. They include Alphabet (GOOGL.O), Facebook (FB.O), Boeing (BA.N) and Chevron (CVX.N).

They are expected to report their strongest first-quarter profit gains in seven years, at around 20 percent. Of the 92 companies that have reported through Monday morning, 77 percent have topped profit expectations, according to Thomson data.

Wall Street rises on optimism on NAFTA deal and China trade

NEW YORK ( ) – The S&P 500 edged higher on Tuesday after comments from a Trump admini,上海夜生活桑拿会所Barney,stration official on trade with China and the Mexican economy minister on the renegotiation of the North American Free Trade Agreement provided cause for optimism.

Mexican Economy Minister Ildefonso Guajardo said his country would respond to U.S. proposals on rules for automobiles under NAFTA next week and that a deal is likely if negotiators show enough creativ,夜上海419龙凤论坛Fabi,ity and flexibility.

Earlier, stocks came off the day’s lows after U.S. Trade Representative Robert Lighthizer said he did not desire to change China’s economic system but wanted to limit the damage it causes to the United States and encourage more foreign competition.

The encouraging news on trade balanced concerns of inflation, which sent stocks lower at the start of the session.

“There is a certain level of fear that has seeped into this market,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. “But there are positive outlooks out there on trade.”

The Dow Jones Industrial Average fell 64.1 points, or 0.27 percent, to 24,099.05, the S&P 500 gained 6.75 points, or 0.25 percent, to 2,654.8 and the Nasdaq Composite added 64.44 points, or 0.91 percent, to 7,130.70.

Despite Tuesday’s slight gains, investors say they remain concerned about cost warnings from companies, even as the current earnings season, now past the halfway mark, has produced the strongest profit growth in seven years.

Data from the Institute for Supply Management indicated a jump in raw material costs for U.S. companies, in part due to the tariffs on steel and aluminum imports imposed by the Trump administration. It also showed that U.S. factory activity slowed for a second straight month in April.

Oil prices are near their highest levels since 2014, though they dropped more than 1 percent on Tuesday as the dollar remained near a four-month high. [O/R]

“The red flags are everywhere,” said Jim Awad, senior managing director of Hartland & Co in New York. “We’re finally getting the inflation that to date has been so elusive.”

Rising costs have stoked fears that the Federal Reserve will raise interest rates more times than expected this year. The U.S. central bank’s Federal Open Market Committee is scheduled to release its policy statement on Wednesday at the close of a two-day meeting. It is expected to keep interest rates steady but will likely encourage expectations that it will hike rates in June.

Shares of Pfizer Inc fell 3.3 percent, the greatest percentage decline on the Dow, after the company posted its biggest miss on quarterly revenue in a year as demand for key drugs fell short of estimates.

Apple Inc shares rose more than 4 percent after the bell following the company’s quarterly results.

Shares of Match Group Inc, the owner of dating app Tinder, and IAC/InterActiveCorp, Match’s parent company, dropped after Facebook Inc announced that it would add dating features to its flagship social network. Match shares tumbled 22.1 percent while IAC shares sank 17.8 percent. Facebook shares rose 1.1 percent.

Advancing issues outnumbered declining ones on the NYSE by a,上海夜生活怎么玩Idris, 1.10-to-1 ratio; on Nasda上海夜网q, a 1.43-to-1 ratio favored advancers.

The S&P 500 posted four new 52-week highs and 29 new lows; the Nasdaq Composite recorded 36 new highs and 72 new lows.

Volume on U.S. exchanges was 6.56 billion shares, compared to the 6.54 billion average for the full session over the last 20 trading days.

Audi recalling 1.16 million vehicles worldwide over coolant pump issue

WASHINGTON ( ) – Volkswagen AG’s (VOWG_p.DE) luxury unit Audi said on Tuesday that it was recalling 1.16 million vehicles worldwide because of concerns that an electric coolant pump could overheat or short-circuit from moisture within the p,上海夜网官方网站Mace,ump and pose a fire risk.

Audi told U.S. regulators the recall covers some 2013-2017 Audi A5 Cabriolet, A5 Sedan and Audi Q5 vehicles, 2012-2015 Audi A6 vehicles and 2013-2016 Audi A4 Sedan and A4 Allroad vehicles with 2.0-liter Turbo FSI engines.

A spokesman for Audi in Germany, Udo Ruegheimer, said the recall covered 1.16 million vehicles worldwide.

Audi said the pump can become blocked with debris from the cooling system, adding that there had been no reports of injuries or crashes related to the issue.

Dealers will replace the pumps but the com上海夜生活论坛pany did not say when parts will become available, according to a filing with the National Highway Tr,上海新夜网龙凤Tallulah,affic Safety Administration in the United States.

The recall covers 342,000 vehicles in the United States, NHTSA said. The company said it did not have a breakdown by country of the remaining affected vehicles.

This is the second Audi recall related to the pump issue.

In January 2017, Audi recalled the same group of vehicles in the ,上海高端夜生活在那里Hal,United States to update the software so that the power supply to the coolant pump would be deactivated if the pump became blocked with debris.

First brokerages predict Amazon will top $1 trillion in value

( ) – Two major Wall Street brokerages were the first to value Amazon.com Inc (AMZN.O) in excess of $1 trillion on Friday afte,上海夜生活网419Sabine,r another set of blockbuster quarterly results for the online shopping behemoth.

Analysts at Macquarie and Monnes, Crespi, Hardt and Co, respectively, raised their price targets to $2,100 and $2,200, valuing the company at $1.02 trillion and $1.07 trillion.

Investors have been debating for months which of the United States’ tech sector heavyweights – Alphabet Inc (GOOGL.O), Apple Inc (AAPL.O) and Amazon – would be first to top a $1 trillion.

A rough ride over the past month sparked by the Cambridge Analytica scandal and broader weakness in the stock market had appeared to delay that milestone.

But a more than doubling of profits in the first quarter by billionaire Jeff Bezos’ online retailer, and an 8 percent rise of its shares on Friday may put it back on the table.

“We believe that even with,上海会所夜网Easton,out margin expansion in core retail, the other businesses can drive significant profit growth over the coming years and will make AMZN the first trillion dollar company,” Macquaire anal,上海夜网官方网站Octavia,yst Benjamin Schachter said.

Schachter is rated five stars for both his recommendat上海夜生活ions and estimates of Amazon, according to Thomson data.

Boeing to buy aerospace parts maker KLX for about $3.2 billion

( ) – Plane maker Boeing Co (BA.N) said on Tuesday it will buy aerospace parts company KLX Inc KLXI.O for about $3.2 billion in cash to expand its aircraft services business.

The $63-per-share deal gives KLX an enterprise value of $4.25 billion, including about $1 billion of net debt.

The acquisition is contingent upon the successful divestment and separation of KLX’s Energy Services Group business, KLX said.

KL,上海夜哪里艳遇Nala,X stock has risen about 24 percent since Dec. 22, when the company said it will review ,上海夜玩网论坛Rachel,strategic alternatives including a potential sale.

Boeing Chief Executive Dennis Muilenburg said last week its services growth would be complemented by strategic acquisitions.

The plane maker said there will be no change to its 2018 guidance or capital deployment strategy and expects annual cost savings of about $70 million by 2021.

Last year, Boeing launched a global services business which announced deals worth nearly $1 billion in February to capture more of the higher-margin services and spare-parts revenue.

KLX will be part of Boeing Global Services and w,上海夜生活网交流Kaiden,ill b上海夜生活e merged with Aviall, Boeing’s parts, equipment and services unit.

The combined business will provide a one-stop-shop that will benefit its supply chain and customers, said Stan Deal, chief executive of Boeing Global Services.

Goldman Sachs advised KLX on the deal, while Freshfields Bruckhaus Deringer LLP was its legal counsel.

The Wall Street Journal reported the deal on Friday.

Canadian coffee chain Tim Hortons’ U.S. franchisees to sue parent

TORONTO ( ) – A group of Canadian coffee chain Tim Horton’s U.S. franchisees said on Thursday it is suing parent company Restaurant Brands International (QSR.TO), escalating growing tensions between the company and owners of its U.S. and Canadian coffee shops.

The Great White North Franchisee Association-U.S. is challenging a clause in Restaurant Brands’ franchise agreements that requires all disputes to be resolved in Federal Court in Miami, according to an emailed statement from the group.

Once this is resolved, the U.S association said it plans to file another lawsuit claiming improper use of an advertising fund franchisees pay into. It said the company had used the fund to pay overhead expenses unrelated to promoting the brand.

“We can’t comment on the specifics of any ongoing legal matters, however, these allegations are completely false,” Restaurant Brands said by email. “We’re proud of the way we conduct our business, and nothing will distract us from our primary focus, which is serving the needs of our restaurant owners and guests.”

The moves by the U.S. franchisees are the latest in a long-running feud between Tim Hortons’ parent company and its franchisees, which has now drawn the attention of the Canadian government.

Tim Hortons fell to 50th from fourth on an annual ranking of,上海夜哪里艳遇Macey, brand reputation in Canada based on surveys between Dec. 19 and Jan. 29 by market research firm Leger. Tim Hortons has 729 locations in the U.S. and 4,258 in Canada, according to its website. Restaurant Brands also owns the Burger King and Popeyes Louisiana Chicken chains.

After Tim Hortons’ same-store sales fell for the eighth consecutive quarter in the latest earnings period, Restaurant Brands Chief Executive Daniel Schwartz said last month that “negative media created by this group of franchisees” is hurting customer perceptions of the b上海夜生活论坛rand,上海夜生活怎么玩Paisley,.

Restaurant Brands shares have fallen 10 percent this year, compared with a 3.8 percent decline in the Toronto stock benchmark. ,上海夜网官方网站Jackson,

The U.S. action follows a C$500 million ($389 million) lawsuit filed by their Canadian counterparts in June, also alleging mismanagement of a national advertising fund.

The Canadian franchisee association filed a second, C$850 million, lawsuit in October saying the company was trying to intimidate restaurant owners. Both lawsuits are still trying to obtain certification as class actions, a spokesperson for the association said by email on Thursday.

The franchisee association, whose membership includes 60 percent of Tim Hortons owners in Canada, and half of those in the U.S., was formed in March 2017 in Canada “in response to the mismanagement of the Tim Hortons franchise,” according to the group. The U.S. arm was formed in June.

($1 = 1.2858 Canadian dollars)

U.S. committed to bringing American hostages home -Obama

WASHINGTON ( ) – U.S. President Barack Obama on Friday said the United States remains committed to bringing home Americans held captive overseas and helping their families, a year after the administration promised to overhaul its handling of hostage situations.

“We will not stop until we can bring our fellow citizens back to their families,” Obama said in a statement on the anniversary of the White House’s policy review.

Obama specifically named journalist Austi,上海高端夜生活在那里Fabiana,n Tice who disappeared in Syria in 2012, Caitlan Coleman held in Afghanistan, and retired FBI agent Robert Levinson, who went missing in Iran more than nine years ago.

Ea,上海足浴夜网联系方式Cain,rlier,上海夜玩网论坛Talon, this week, the families of four Americans killed by Islamic State urged Obama to do everything possible to bring home Tice, the only U.S. journalist known to be held in war-torn Syria.

The parents of the slain hostages criticized Obama for not personally naming Tice in his remarks at this year’s White House Correspondents’ Association Dinner when Obama said that he would “fight for the release of American hostages上海夜生活论坛 held against their will.”

They said Tice’s return would be a test of the of the success of the administration’s new policy.

The White House undertook a six-month review of its hostage policies after complaints from families that their initiatives to free relatives captured abroad had been discouraged and sometimes blocked by government officials.

As part of the overhaul, Obama named James O’Brien special presidential envoy for hostage affairs at the State Department to help coordinate the efforts of law enforcement and diplomats.

“But I know our work will not be done until our fellow Americans who are held against their will, and whose families mark their calendars by the days since they’ve held their loved ones, are reunited,” Obama said.

Colgate’s sales disappoint on tepid Latin America demand

( ) – Colgate-Palmolive Co (CL.N) said first-quarter sales came in below its expectations due to stagnant demand in Latin America – its biggest market – leading it to lower a widely watched sales forecast.

U.S. packaged goods companies have been struggling with lower demand and price tensions with retailers, who are tightening inventories, offering discounts and focusing on private label brands to trim costs.

Even though Colgate spent nearly 13 percent more on advertising this quarter over the prior quarter, and cut prices between 0.5 percent and 2.5 percent in Europe and North America compared with a year ago, organic sales did not see the boost they expected.

Growth in organic sales, that exclude benefits from acquisitions and divestitures, slowed to 1.5 percent in the first quarter from more than 2 percent in the previous quarter as the company saw no growth in ,上海夜生活Sabrina,volumes in developing markets.

The company said it now expects these core sales to grow in the low-single-digit percentage range in 2018, compared with the low- to mid-single-digit growth it projected earlier.

The company’s shares fell 3 percent to a 14-month low of $64.85 but pared most of those losses to trade down 0.3 percent.

The weaker top-line results are certainly not a huge surprise in light of the tepid results reported by Colgate’s peers, Suntrust Robinson analyst William Chappell said, but added that Colgate’s miss on sales was a surprise.

Colgate’s net sales rose 6.4 percent to $4 billion, but came in slightly below the average analyst estimate of $4.02 billion, according to Thomson I/B/E/S.

Sales in Latin America rose ju上海夜生活网st 0.5 percent to $929 million, hit by a slump in demand in Mexico, but pricing cuts in Europe and North America reversed some of the weakness.

Procter & Gamble Co (PG.N) earlier this month also posted organic sales growth that disappointed Wall Street, mainly because of pricing pressures in an environment where retailers are cutting back on costs.

Still, Colgate’s stock has outperformed peers. While the S&P 500 Household Products .SPLRCPROD index has fallen more than 18 percent in this year, Colgate shares are down 12 percent. In comparison,,上海夜网官方网站Larissa, P&G’s shares are down 21 percent.

Excluding some items,,上海夜生活去哪玩Jacob, Colgate earned 74 cents per share, above analysts’ average estimate of 72 cents.

Air France launches new talks to end strike, with chief’s job at stake

PARIS ( ) – Air France (AIRF.PA) launched on Friday a new consultation period with staff members to try to end a strike dispute over pay that has so far cost it 220 million euros ($271 million), with the company’s head saying his job was on the line.

Jean-Marc Janaillac, who is chief executive of the Air France KLM parent group and chairman of Air France, said it would be hard for him to stay in his post if the talks failed.

“I cannot see how I could stay at the head of the company,” he said at a news conference on Friday.

S,上海夜生活桑拿会所Mace,hares in Air France KLM were down 4 percent in late session trading on Friday.

Air France said its latest pay offer of a 7 percent wage increase over 4 years had not received the majority of signatures required by 1200 local Paris time on April 20.

Air France added that Janaillac would now launch a new consultation period.

This consultation by electronic vote, which will begin on April 26 and end early in May, will invite all company staff to give their opinion on the agreement proposed on 16 April 2018, added the airline.

“I cannot accept the disaster unfolding whereas a large majority of staff are not taking part in the strike action,” Janaillac said in a separate statement.

“Therefore, to put an end to this disaster and re-affirm the entire company’s commitment to the growth,上海夜生活去哪玩Daisy, dynamic, I am calling on everyone to make their voices heard. I will be personally accountable for the consequences of this v,夜上海419龙凤论坛Sabina,ote,” he added.

The Air France strikes – which have on general impacted about 30 percent of flights – have coincided with railway strikes in France over the last month, resulting in widespread travel disruption across the country.

Workers at the SNCF state-owned rail firm have launched a s上海夜网eries of protests against plans by President Emmanuel Macron’s government to reform the SNCF, which the government says will improve the SNCF’s finances and cut France’s state debt.

On shrinking U.S. corporate tax base, presidential candidates…

WASHINGTON ( ) – The corporate income tax is a major revenue source for the U.S. government, but it has been shrinking for decades and the three main presidential candidates could not differ more dramatically on what to do about it.

Republican Donald Trump and Democrats Hillary Clinton and Bernie Sanders have starkly contrasting plans, some more detailed than others, for taxing corporations.

The tax paid by companies on their profits accounted for 30 percent of the U.S. federal tax base in the 1950s; last year, it was only 11 percent, Internal Revenue Service data show.

The decline, experts say, has many causes: loopholes that cut corporations’ taxes; a lower corporate tax rate; rising overseas profits that are lightly taxed; and a shift away from incorporation toward partnerships and other business structures that pay no corporate tax.

Despite the dwindling corporate tax base, Trump, the Republicans’ presumptive nominee for the Nov. 8 election, wants to ease the burden on companies by slashing the corporate tax rate to 15 percent from 35 percent. In this regard, he shares the same view as most Republicans.

Trump, a real estate developer, has described his proposals as revenue neutral, saying reduced tax rates would be paid for by eliminating some tax breaks and repatriating corporate cash held overseas.

However, the Tax Policy Center, a centrist tax research group in Washington, said that under Trump’s plan, corporate income tax revenues would fall $1.9 trillion from 2016 to 2026.

A cut on that scale would hugely expand the federal budget deficit, unless severe budget cuts or alternative tax hikes were also ,上海夜网官方网站Lark,made, the center said.

Steven Rosenthal, a Tax Policy Center senior fellow, said Trump’s plan is a standard business-focused approach, but “the drafting is incomplete, so we can’t tell exactly what he’s thinking.”

A Trump campaign spokeswoman pointed to the proposals on the campaign website but declined to comment further.

Republicans generally support corporate income tax cuts because, they say that would help corporations compete globally. In addition, some question the validity of the tax, which they say is passed on to consumers and investors.

“Taxing businesses is the Democrats’ version of manna from heaven: someone else supposedly is paying for the government. But all citizens are hurt through lower growth, higher prices, lower wages,” said Grover Norquist, a Republican tax activist.

“Taxes should be transparent. It should be clear who is paying them. The corporate income tax is designed to hide the tax burden,” said Norquist, president of Americans for Tax Reform, a small-government group that opposes tax increases.


Democrats tend to view the corporate income tax as a fair levy on bus,上海夜生活Fabiana,inesses that benefit from the security, services and infrastructure provided by government. Corporations have been taxed by Washington since 1909.

Clinton, a former secretary of上海夜生活 state and the front-runner for the Democratic nomination, has not promised a corporate tax cut.

Like Trump, she has called for closing loopholes th,上海夜网后花园Earl,at corporations use to avoid taxes. But unlike Trump, her plan would raise corporate tax revenues by $136 billion over 10 years, the Tax Policy Center said.

Clinton spokesman Jesse Ferguson said the candidate’s proposals “go further to prevent the erosion of the corporate tax base by ensuring corporations pay their fair share.” But the Clinton campaign has yet to release its full plan.

Sanders, a U.S. senator from Vermont challenging Clinton for the Democratic nomination, would make more drastic changes and boost the corporate tax take by $1 trillion in the same decade, mostly by raising taxes on overseas profits, according to the Tax Policy Center.

“Virtually all of the revenue raised by Senator Sanders’ corporate tax plan would come from large, multinational corporations that have shifted their profits offshore to avoid taxes,” said Sanders policy adviser Warren Gunnels.


The question of whether businesses pay their fair share of taxes strikes a chord with Americans on the campaign trail. An April Gallup poll found 67 percent of U.S. adults said corporations do not pay enough tax.

Since the mid-1950s, income tax receipts from individuals have held steady at 40-50 percent of federal revenues, while payroll taxes, deducted from the paychecks of wage-earners, have soared to 34 percent last year from 5-10 percent in the 1950s.

Meanwhile, Congress has steadily reduced the corporate tax rate, now 35 percent. That is down from 46 percent in 1986, and 52 percent in 1956. Over that period, corporations have also carved out various loopholes that let them avoid paying the full rate.

The corporate tax applies only to incorporated businesses, while other business structures have been gaining in popularity. In 2003, the share of U.S. business income generated by incorporated companies fell below the share made by partnerships and other kinds of companies that pay no corporate tax.

Whatever candidates may say on the campaign trail, no changes can occur without agreement by Congress. And despite years of talk about the importance of tax reform, neither President Barack Obama nor lawmakers on Capitol Hill have been able to agree on a reform agenda that many say is needed to boost the economy and bring sanity to a tax code of Byzantine complexity.

Clinton considering Warren, not Sanders, for running mate: WSJ

WASHINGTON ( ) – Hillary Clinton is considering U.S. Senator Elizabeth Warren for her running mate for the Democratic presidential ticket,上海夜生活网 the Wall Street Journal repo,上海夜生活乌托邦Talon,rted on Thursday, citing several people familiar with the process.

Warren, a leading progressive voice among Democrats, is among those Democratic presidential candidate Clinton is vetting for the vice presidential position, the newspaper reported. Clinton’s rival Bernie Sanders is not, it added.

Sources told earlier this month that Warren, who represents Massachusetts, is considering the potential role.

Representatives for Clinton, Sanders and Warren did not immediately rep,上海夜生活群Faith,ly to requests for comment on the report.

Clinton is the Democratic Party’s presumptive nominee for the Nov. 8 presidential election, having won the last primary contest this week in the District of Columbia.

Although Clinton and Sanders met this week, the senator from Vermont does not plan to end his campaign or endorse Clinton in a video speech to supporters scheduled for later on Thursday, his spokesman said.

While the search for a potential partner in the race is still in its early stages, the Journal reported several Democrats said Clinton’s campaign is looking at a number of potential candidates, including Warren.

Other prospective running mates include U.S. Labor Secretary Tom Perez and U.S. Housing and Urban Development Secretary Julián Castro, according to the report. Senators Tim Kaine of Virginia, Sherrod Brown of Ohio and Cory Booker of New Jersey as well as U.S. Representatives Xavier Becerra of California and Tim Ryan of Ohio are also under consideration, it said.

Los Angeles Mayor Eric Garcetti is also a potential candidate, it added.

Warren threw her support behind Clinton last week as the former secretary of state moved her sights from the nominating contest toward a Nov. 8 match-up against presumptive Republican nominee Donald Trump.

Related CoverageLabor powerhouse AFL-CIO backs Clinton, vows ‘targe,上海高端夜生活在那里Cain,ted campaign’

Warren could help Clinton win over Sanders supporters from the party’s more liberal wing after a surprisingly protracted primary race. Sanders, a self-described Democratic socialist, has not yet dropped out.

She also would give Clinton a vocal boost in her fight against Trump. Warren has called Trump a threat to the country and has vowed to keep lashing out at him.

(This story has been refiled to remove superfluous word “endorsed” in paragraph nine.)

Teva to reduce size of board after June shareholders meeting

JERUSALEM ( ) – Three directors are stepping down from the board at Teva Pharmaceutical Industries (TEVA.TA) (TEVA.N) and only one new director is being nominated to replace them, the company said on Thursday.

Israel-based Teva, the world’s largest generic drugmaker, is in the midst of an overhaul to deal with the $35 billion of debt it amassed after buying Allergan’s Actavis generic drug business for $40.5 billion in 2016.

Analysts and investors have criticized the company’s management and board of directors for overpaying for this deal.

Teva has since replaced most of its management and announced majo,上海夜哪里艳遇Naia,r job cuts. It has also reduced both the average tenure and age of its directors.

In the latest changes, Ronit Satchi-Fainaro, a Tel Aviv University professor who heads the Cancer Research and Nanomedicine Laboratory, will be the only new nominee at a June 5 shareholders meeting, the company said in a statement.

Current directors Galia Maor, Gabrielle Sulzberger and Dan Suesskind will not submit their candidacy for reelection. This will leave the board with 11 members, down from the current 13.

Suesskind, a former chief financial officer of Teva, was brought in last year as the company grappled with a financ,夜上海419龙凤论坛Faith,ial c上海夜生活risis. Maor, a former CEO of Bank Leumi, has served since 2012.

Sulzberger, who has served since 2015, is a general partner of the Rustic Canyon/Fontis Partners investment fund.

“We continue to evaluate the size and composition of our board of directors to ensure it maintains dynamic, exceptionally qualified members and that the mix of talent and experience on the board reflects all the challenges that the company faces,” the compan,上海晚上耍女人的地方Octava,y said in an emailed statement to .

At the June meeting shareholders will also vote on a proposal to give them more say in determining compensation for Teva executives.

Teva has repaid over $2 billion of its debt this year, mostly from the proceeds of the sale of its women’s health business. In March, it completed a $4.5 billion bond offering, which was used to repay existing loans.

Apple shares drop on more warnings from iPhone supply chain

SAN FRANCISCO ( ) – Shares of Apple Inc dropped nearly 2 percent on Tuesday as investors worries intensified about soft demand for iPhones after a warning from a company that supplies components for smartphones.

South Korean chipmaker SK Hynix Inc said following its quarterly report that it expected smartphone demand to stagnate, echoing a similar warning last week from Apple supplier Taiwan Semiconductor Manufacturing Co Ltd.

Concerns ahead of Apple’s quarterly report next Tuesday have shaved 9 percent from its stock price in the past five 上海夜生活论坛sessions, erasing $80 billion of its stock market value.

“The bar may not have been set low enough,” Wedbush senior trader Joel Kulina said of Wall Street’s declining expectations for iPhone shipments. “There’s still no visibility, and that’s going to keep a lot of money on the sidelines.”

SK Hynix sells memory chips across the smartphone industry, as well as to companies making laptops, servers and other kinds of computers.

Also rattling Apple investors, European chipmaker AMS on Monday warned of a downturn owing to weak orders from one of its main customers. AMS did not name the customer, but analysts estimate that Apple is responsible for half of the Austrian company’s revenue.

GBH analyst Daniel Ives said in a client note on Tuesday he now expects Apple to ship 212 million iPhones in fiscal 2018, down from a previous estimate of 221 million.

Apple and investors had been betting that the high-end iPhone X, released last November, would rejuvenate iPhones sales in a global smartphone market that has become saturated in recent years.

“It’s not a flop, but it’s a mild disappointment relative to p,上海夜玩网论坛Talon,revious upgrade cycles,上海夜生活Barrett,,” said Canaccord Genuity analyst Michael Walkley.

Smartphones account for two thirds of Apple’s revenue, about the same as three years ago, despite Chief Executive Tim Cook’s attempts to expand further into markets like music and smart watches.

When Apple reports next week, investors will look for details about how much of Apple’s repatriated foreign cash it will give to investors through dividends and share buybacks.

Apple in January said it would make about $38 billion in tax payments to bring profits kept overseas back to the United States under new federal tax laws, suggesting it may repatriate around $245 bi,上海夜生活去哪玩Eden,llion.

Analysts on average expect Apple’s March-quarter revenue to expand 15 percent to $61 billion, with adjusted earnings per share of $2.69, according to Thomson data.

Cleveland officials to outline security for Republican Convention

( ) – The mayor and police chief of Cleveland next week will outline what security measures they would take for the Republican National Convention, officials said after a civil rights group and a police union criticized aspects of the preparations.

Donald Trump, the presumptive Republican presidential nominee, has drawn intense protests at campaign stops this year. At times the demonstrations have resulted in violence between his supporters and opponents.

Officials in Cleveland are gearing up for the thousands of demonstrators expected outside the convention, scheduled from July 18 to 21. The event w,上海夜生活乌托邦Barney,ill culminate with the party anointing the billionaire real estate developer as its nominee for the November general election.

Cleveland Mayor Frank Jackson will join the police chief and other city officials on Tuesday to present ,上海高端夜生活在那里Nala,a “comprehensive overview of security preparations” for the convention, the mayor said in a statement.

“Despite rumors, the Division of Police is prepared and is on track with its planning goals,” the statement,上海夜网邀请码Hadley, said.

The announcement comes after the American Civil Liberties Union on May 19 accused the city of taking too long to issue permits to protesters planning demonstrations at the convention.

The city has since said it will allow application for permits starting on Tuesday, the same day officials will outline security plans.

The Cleveland Police Patrolmen’s Association also has objected to certain parts of the city’s plan.

The union filed a grievance over an order prohibiting officers from taking vacations for several days before and after the convention. That prompted an arbitrator to order the city to pay overtime to officers who would lose out on vacation time, according to a copy of the ruling posted at news website Cleveland.com.

Cleveland officials are marshalling a force of about 5,000 officers, including police from other law enforcement agencies, to provide security for the convention, City Council members have said.

Council members earlier this month raised questions about the lack of transparency in Cleveland’s plans for the convention.

But Police Chief Calvin Williams has said the city must withhold certain information to stymie anyone seeking to disrupt the convention. He has declined to say how many officers will be assigned to the event.

Protests against Trump dogged his appearance on Friday in San Diego, where more than 1,000 demonstrators turned up and 35 were arrested, and on Tuesday night in Alb上海夜生活论坛uquerque, New Mexico, where protesters threw rocks and bottles at police.

Gingrich, Christie lead Trump list of vice presidential options

WASHINGTON ( ) – Former House Speaker Newt Gingrich and New Jersey Governor Chris Christie top Donald Trump’s short list to be his vice presidential running mate, sources said, but the candidate is casting a wide net that also includes several U.S. senators and other governors.

With less than three weeks to go until his formal nomination at the Republican National Convention as the party’s candidate in the Nov. 8 election, Trump’s search for a No. 2 has intensified. The wealthy businessman, a political neophyte, has said he wants a political veteran to help him navigate the power corridors of Washington.Gingrich and Christie, both loyal to Trump at a time when many Republ上海夜网ican colleagues want nothing to do with him, would meet his requirement for experience – but would come with minuses as well as pluses.

Other names to watch include U.S. Senators Bob Corker of Tennessee, Joni Ernst of Iowa and Jeff Sessions of Alabama and Governors Mike Pence of Indiana and Mary Fallin of Oklahoma, Republicans close to the campaign said this week.

Trump has set up a meeting with Pence this weekend, a spokesman for the governor said on Friday. The New Yorker has also met with Corker and Fallin.

“Mr. Trump is meeting with a number of Republican leaders in the run-up to the convention in Cleveland, and he has a good relationship with Gov. Pence,” Trump spokesman Jason Miller said in an email response to a question from .

An experienced running mate also could help with fundraising. Hillary Clinton, the presumptive Democratic nominee, raised more than $40 million for her campaign in June and about $28 million for her party. Trump, who largely self-funded his primary run, has not yet released June fundraising numbers.

Trump is expected to name his running mate close to the July 18-21 convention.


Gingrich, who was speaker of the House of Representatives in the 1990s and ran for president in 2012, is a popular conservative writer and speaker, and has been an important behind-the-scenes voice in urging Trump to adopt a more presidential demeanor.

But because Trump is 70 and Gingrich is 73, they could face difficulty appealing to a younger generation.

Christie quickly endorsed Trump after quitting the race early this year. A source said the 53-year-old governor has emerged as a key adviser to Trump and his campaign team. A source said Christie was instrumental in coaxing Trump to be less confrontational with a Mexican-American federal judge overseeing ,上海夜网Qirin,a fraud case involving Trump.

One clue to Christie’s rising importance came earlier this week when some campaign supporters held a conference call to discuss strategy and talking points for media appearances.

A source said that during the call Christie’s name was raised as someone who might comment on former President Bill Clinton’s meeting earlier this week with Attorney General Loretta Lynch. As a former federal prosecutor, Christie would be a credible voice.

Monday night’s private meeting of Clinton and Lynch, the top U.S. law enforcement officer, has been criticized because Hillary Clinton is under federal investigation for using a private email server when she was Democratic President Barack Obama’s secretary of state.

The source said campaign associates made clear Christie was not to be used for this purpose.

“They’re saving him for the general election,” the source said. “They don’t want to overexpose him.”

Still, many Republicans are waiting to see whether Christie is named as an unindicted co-conspirator in a 2014 case involving charges that lanes on the George Washington Bridge were closed in New Jersey for political reasons.

Corker, 63, offers Trump deep foreign policy experience as chairman of the Senate Foreign Relations Committee and, like Trump, believes the Republican Party needs shaking up. His stock may have gone down, however, because he has not hesitated to criticize the candidate at times.

Ernst, a first-term senator and military veteran, could help improve Trump’s standing with women. She tacitly supported rival Marco Rubio during the Republican nominating campaign, though she has promised to support the party’s nominee.

Ernst, who turned 46 on Friday, said earlier this month that the Trump campaign had not contacted her.

The same goes for Oklahoma’s Fallin, who was among several Republican governors who met jointly with Trump in June.

“It’s an honor to be mentioned for the office of vice president. I have not had any conversation with Mr. Trump about the vice presidency,” Fallin, 61, said in a statement.

Some,上海夜生活论坛Lance, Republicans could be considered even if they have not had recent contact with the campaign. Alice Stewart, a former spokeswoman for U.S. Senator Ted Cruz’s presidential campaign, said the Texan’s running mate, Carly Fiorina, was only told late in the vetting that she might be picked.

Trump’s vetting is being conducted by Washington lawyer A.B. Culvahouse, a lo,上海高端夜生活在那里Nala,ngtime fixture in national Republican politics.

U.S. dollar off day’s highs, Treasury yields fall after Fed statement

NEW YORK (,上海夜生活乌托邦Hadley, ) – The dollar was off its highs of the day and Treasury yields eased on Wednesday after the Federal Reserve held interest rates steady and gave no signals it was in a rush to increase the pace of rate hikes.

In its statement, the Fed expressed confidence that a recent rise in inflation to near the U.S. central bank’s target would be sustained, leaving it on track to raise borrowing costs in June, while it also said inflation “on a 12-month basis is expected to run near the Committee’s symmetric 2 percent objective over the medium term.”

Ahead of the statement, some investors were nervous the Fed might sound more hawkish on policy tightening after recent concerns about rising inflation.

“It looks like it maybe calmed some nerves (of investors) who maybe were expecting a faster pace of hikes because of the ,上海夜网千花Octava,rise in inflation,” said Collin Martin, fixed income strategist at Schwab Center for Financial Research in New York.

The dollar index rose 0.13 percent, with the euro down 0.14 percent to $1.1976.

The dollar index turned down after the Fed statement before trading higher, while the S&P 500 was briefly higher before turning lower again.

On Wall Street, the Dow Jones Industrial Average fell 133.6 points, or 0.55 percent, to 23,965.45, the ,上海夜网Barbara,S&P 500 lost 14.27 points, or 0.54 percent, to 2,640.53 and the Nasdaq Composite dropped 11.33 points, or 0.16 percent, to 7,119.38.

Forecast-beating results from the world’s biggest company, Apple Inc, lifted tech shares, limiting losses in the S&P 500. Apple shares were up 4.9 percent.

The MSCI’s gauge of stocks across the globe shed 0.24 percent.

Benchmark 10-year notes last rose 3/32 in price to yield 2.9663 percent, down from 2.976 percent late on Tuesday.

In the oil market, U.S. crude rose 68 cents to settle at $67.93上海夜生活网 a barrel, while Brent gained 23 cents to settle at $73.36.

Written by shyw on November 4, 2018 Categories: pkklobtv Tags: , , ,