Money

Market Wrap: Stocks Edge Lower; H&R Block Slides

Filed under: Market News, Mergers & Acquisitions, Investing Scott Eells/Bloomberg via Getty Images By STEVE ROTHWELL NEW YORK — Some encouraging corporate news failed to give the broader stock market a boost on Monday, and stocks edged lower as investors waited for news on the outlook for the Federal Reserve’s interest rate policy. Hewlett-Packard (HPQ) jumped after announcing that it ...

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Here’s the Dirty Secret of Tax-Dodging Corporate Inversions

Filed under: Taxes, Tax Changes, Tax Laws Richard Drew/APWalgreen opted against a well-publicized inversion. Corporate inversions — when a U.S. company buys or merges with a foreign firm and then technically moves the business to the other country — have become something all politicians can happily revile. With their two-targets-in-one opportunity to bash either corporate greed or traitorous antipatriotism, Democrats ...

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My Rich Grandpa’s Money Worries Turned Me Into an Investor

Filed under: Life Stage Lessons urfin/Shutterstock Every one of us has had “aha! moments.” Epiphanies. Days when we reach a crossroads and realize that we have to make some changes. For the next two months, we’re sharing moments like those in our Life Stage Lessons series: Real stories straight from the financial lives of our DailyFinance contributors about times when ...

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No Joke: I Invested In an Improv Comedy Theater

Filed under: Small Business, Alternative Investment, Entertainment Industry, Investing www.justthefunny.com Nearly three years ago, I decided to give improvisational comedy classes a shot. A year later I was not only a graduate of the five levels taught at Just the Funny in Miami but also a member of the performing cast and one of the owners. Yes, one of its ...

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You Can Make Big Money from Those Annoying Telemarketers

Filed under: Consumer Ally, Junk Mail and Telemarketing Xiaojiao Wang/Shutterstock AT&T (T) became the most recent big company to settle a class action lawsuit filed by consumers alleging violations of a little-known federal law that can turn annoyance into cash. AT&T agreed to pay $ 45 million to resolve a case in which it was accused of making unauthorized automated ...

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EU Opens Formal Probe into Amazon’s Tax Practice

Filed under: Company News, Amazon.com, European Union, Scandals and Lawsuits, Tax Laws Kristoffer Tripplaar/Alamy BRUSSELS — The European Union’s competition authority is opening a formal investigation of Amazon’s European corporate income tax practices. The EU’s executive Commission said Tuesday it is probing whether a tax agreement struck between the online retailer and the government of Luxembourg — where Amazon.com (AMZN) ...

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Despite Turnaround, J.C. Penney Seen Closing More Stores

Filed under: JC Penney, Retail, Stocks, Stores, Investing Spencer Platt/Getty Images By Krystina Gustafson | @KrystinaGustafs Things have certainly been looking up at J.C. Penney (JCP) over the past few months. After about two years of declining same-store sales, the department store finally gained traction in its turnaround by reversing this metric and posting positive comparable-store sales for three-straight quarters. ...

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Americans Forecast to Spend Most in 3 Years at Holidays

Filed under: Retail, Holiday Shopping, Economic Indicators, GDP, Consumer Goods Marcio Jose Sanchez/AP By ANNE D’INNOCENZIO NEW YORK — Americans are expected to spend at the highest rate in three years during what’s traditionally the busiest shopping season of the year, according to the nation’s largest retail industry trade group. But industry watchers say shoppers will need fat discounts, and ...

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Homes Prices Rise in August — but at Slower Pace

Filed under: Mortgages, Real Estate, Housing Market, Inflation, Home Buying Keith Srakocic/AP By JOSH BOAK WASHINGTON — U.S. home prices increased in August, yet the pace of these gains continues to slow, helping to improve affordability for would-be buyers. Prices rose 6.4 percent in August compared with a year ago, Real estate data provider CoreLogic said Tuesday. That marks a ...

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Walmart Drops Health Benefits for Most Part-Time Workers

Filed under: Company News, Health Care, Retail, Health Insurance Jae C. Hong/AP By ANNE D’INNOCENZIO NEW YORK — Walmart Stores (WMT) plans to eliminate health insurance coverage for most of its part-time U.S. employees in a move aimed at controlling rising health care costs of the nation’s largest private employer. Starting Jan. 1, Walmart told The Associated Press that it ...

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