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US Health Care Ruling Helps Hospitals; Hurts Insurers

Posted June 28th, 2012 at 1:30 pm (UTC-5)
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Equities analysts at Goldman Sachs, the major investment bank, say hospitals are “winners” in the U.S. Supreme Court ruling on President Obama’s health care plan. A commentary published by the firm predicts that the year 2014, when many provisions of the health care law are in place, should be a good one for hospital companies. […]

Tags: , , Posted in Economy

US Now Has World’s Highest Corporate Tax Rate

Posted April 2nd, 2012 at 2:10 pm (UTC-5)
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The United States, with the world’s-largest economy, now has claimed the dubious distinction of having the industrialized world’s highest corporate tax rate. Japan dropped its corporate tax rate slightly on Sunday, to just more than 38 percent. That moved the United States to the top spot, with a 39.2 percent rate. The U.S. has maintained […]

Tags: , , , Posted in Economy

Global Business Groups Warn India Over Tax Plan

Posted April 2nd, 2012 at 5:30 am (UTC-5)
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Seven international business groups warned India Monday they are reconsidering their investments in India because of a plan to retroactively tax business deals. India’s proposal is widely regarded as targeting British mobile giant Vodafone which won a long-running legal battle in January when India’s Supreme court dismissed a $2.2-billion dollar tax demand over Vodafone’s acquisition […]

Tags: , Posted in Economy, South Asia

Hotel Industry Legend Stepping Down

Posted December 14th, 2011 at 10:20 am (UTC-5)
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A hospitality industry guru who turned his father’s root beer (soda) stand into a global hotel empire is stepping down. Marriott International announced Tuesday that 79-year-old J.W. (Bill) Marriott, Jr. will leave his post as chief executive next year, after 39 years at the head of the company. He will be replaced by chief operating […]

US Eases Business Regulations to Boost Economy

Posted August 23rd, 2011 at 1:50 pm (UTC-5)
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The U.S. is easing 500 government regulations it says will save businesses $10 billion over the next five years and help boost job growth in the country. The government said the changes will affect rules at more than two dozen agencies, regulations that American businesses have often said are onerous and needlessly cut their profits. […]

Tags: , , Posted in Economy

Panasonic to Sell White Goods Operations to China’s Haier

Posted July 27th, 2011 at 10:10 pm (UTC-5)
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Japan’s Panasonic Corporation has decided to sell the so-called white goods operations of its subsidiary Sanyo Electric to China’s Haier Group. The planned sale of the washing machine and refrigerator operations aims to avoid Sanyo’s business overlapping that of its Osaka-based parent firm, Panasonic. The deal is expected to be completed by the end of […]


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