Investing and Global Finance News

The Alfred E. Smith Memorial Foundation Dinner

Launched in 1945, the Alfred E. Smith Memorial Foundation Dinner (also referred to as the Al Smith Dinner), raises money for US-based Catholic charities which support New York’s “neediest children… regardless of race, creed, or color.”  Since Al Smith himself grew up poverty-stricken, but became a huge success in life as a four-time NY Governor… Continue Reading

Staying Up To Date on Environmental Issues

It’s always important to stay up to date with environmental issues in the area in which you live. One of these issues is about landfills and how people are taking care of potentially threatening issues with them. In a recent opinion piece in the St. Louis Post-Dispatch, Missouri State Senator Bill Eigel wrote a thought-provoking… Continue Reading

Toys ‘R’ Us Expanding in Asia

Children’s retailer Toys ‘R’ Us is currently looking to expand its Asia business. As income levels in the region increase, the demand for higher-end toys is growing. The U.S. company has teamed up with the billionaire Fung Brothers to further their dealings in the Asia Pacific sector. Bloomberg reports: Continue Reading

General Motors Going All-Electric

As the transportation and auto industry evolves, many manufacturers are working to remain competitive. In a dramatic move, General Motors recently revealed its plans to shift into all-electric cars by 2023. Over the years they will launch at least 20 cars, both battery-electric and fuel-cell-electric vehicles. “General Motors believes the future is all electric,” said… Continue Reading

Warren Buffett’s Berkshire Hathaway Becomes Bank of America’s Largest Shareholder

Warren Buffett has bought 700 million shares of Bank of America at a significantly reduced price, gaining more than $11 billion. The move comes after his $5 billion investment in 2011 when the bank was floundering, which left him with the option to purchase discounted shares by 2021. “I am impressed with the profit-generating abilities… Continue Reading

Amazon to Move Into Health Sector

Amazon recently decided to enter the health industry, despite some misgivings. CEO of Walgreens Stefano Pessina believes the health sector is too complicated to be a good market for Amazon. Amazon has “opportunities around the world and in other categories, which are much, much simpler than health care, which is a very regulated business,” he… Continue Reading

Connecticut and the Changes for Corporate Taxpayers

Changes are being implemented in rules for Connecticut’s corporate taxpayers.  Earlier this year, on April 18, a Special Notice 2017(1) was issued by the Connecticut Department of Revenue Service (DRS).  This is applicable to both individual and corporate taxpayers. These changes are not so simple to understand.  It is thus advisable for taxpayers to employ… Continue Reading