Bye-bye box seats? Tax law may curb corporate cash at games

Tax Overhaul Curtailing Entertainment

WASHINGTON (AP) — Could the crackdown on tax loopholes clamp down on corporate schmoozing? The new...


Trump swings behind massive budget; big military increase

APTOPIX Budget Battle

WASHINGTON (AP) — Despite second thoughts, President Donald Trump swung behind a $1.3 trillion government spending bill Wednesday that would give him a partial victory on funding for a U.S.-Mexico border wall. House Speaker Paul Ryan, R-Wis., rushed to the White House amid worries that Trump was...


Bids for NFL's Carolina Panthers are said to pass $2.5 billion

(c) 2018, Bloomberg. The price of the Carolina Panthers has reached $2.5 billion, according to people familiar with bids for the NFL team, which would set a record for a U.S. professional sports franchise. The rapid escalation in bidding has prompted Michael Rubin, the billionaire executive...


Facebook's Zuckerberg admits mistakes, outlines fixes

Britain Facebook Cambridge

NEW YORK (AP) — Breaking more than four days of silence, Facebook CEO Mark Zuckerberg admitted mistakes and outlined steps to protect user data in light of a privacy scandal involving a Trump-connected data-mining firm. Zuckerberg said Wednesday that Facebook has a “responsibility” to protect its...


They opened a registry at Babies R Us. Now, these parents-to-be are in liquidation limbo.

(c) 2018, The Washington Post. Right after Christmas, Danielle Stevens and her husband drove an hour and half to the nearest Babies R Us to start a registry for their first child. The main draw, Stevens said, was the company’s “endless earnings” program, which promised 10 percent cash back in the...


The Latest: Zuckerberg admits mistakes, outlines steps

Facebook Expansion

NEW YORK (AP) — The Latest on the alleged use of Facebook data to influence the U.S. presidential election (all times local): 3:50 p.m. Facebook CEO Mark Zuckerberg is admitting mistakes and outlining steps to protect user data in light of privacy scandal involving a Trump-connected data-mining...


Stocks meander but stay higher after Fed raises rates

Financial Markets Wall Street-1

NEW YORK (AP) — U.S. stocks are higher Wednesday afternoon, but it’s been a bumpy ride. Stocks initially rallied after the Federal Reserve raised interest rates, a move investors had expected, but later they shed that gain and went back to roughly where they started. Energy companies are rising...


Why the British soda tax might work better than any of the soda taxes that came before

(c) 2018, The Washington Post. The great British soda tax doesn’t begin for two more weeks, but some experts are already calling it a success. That’s because the graduated levy, which goes into effect April 6, has prompted some of the country’s largest soda-makers to slash the sugar in their...


With just two days to go, countries have no clue if they'll be affected by Trump's

(c) 2018, The Washington Post. WASHINGTON - Just two days before tariffs on foreign-made steel and aluminum are scheduled to take effect, the Trump administration has yet to make public its plans for how the import levies will work in practice - creating confusion for its closest allies. In recent...


Fear of missing out grips Wall Street bankers as big Uber debt deal slips away

(c) 2018, Bloomberg. For the select group of Wall Street bankers who specialize in doling out leveraged corporate loans, these are exciting, and anxious, times. Exciting because they’ve been told by regulators in the Trump administration that they’re now freer to take on more risk. Anxious because...


Port dispute may destabilize Horn of Africa, minister says

(c) 2018, Bloomberg. A budding dispute over plans to develop a port in Somaliland risks destabilizing the Horn of Africa region, the semi-autonomous territory’s foreign minister said. Saad Ali Shire’s comments raise the stakes in a standoff between Somaliland and Somalia, which this month declared...

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