NH case against 2 big oil companies gets underway

CONCORD, N.H. (AP) — The state of New Hampshire is launching its case against two major oil companies in what is expected to be the longest and most complex trial in state history.The state's lawyers say ExxonMobil and Citgo should pay more than $700 million in damages to monitor and clean up groundwater contamination caused by the gas additive MTBE — methyl tertiary butyl ether — now banned in New...

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Volkswagen reports record sales for 2012

BERLIN (AP) — German automaker Volkswagen AG says its 2012 group sales hit a record high as growing demand around the world more than offset sluggish sales in Europe.It says Monday that more than nine million vehicles were delivered for the first time. The total of 9.07 million was up 11.2 percent from the 8.16 million delivered in 2011. December sales were also up 20.7 percent over the same month...

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UPS $6.9 billion TNT Express takeover falls apart

AMSTERDAM (AP) — United Parcel Service Inc. has ditched its €5.2 billion ($6.9 billion) takeover of TNT Express NV after learning that European regulators would reject the deal in its current form.Though TNT will receive a €200 million ($265.5 million) break fee, it faces an uncertain future on its own. Its shares plummeted 50 percent to € 4.083 in the first minutes of Monday trading in Amsterdam...

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Congressional Dairy Fix Would Still Raise Milk Prices

Dairy Manufacturers and Consumer Groups Oppose New ProgramWASHINGTON, Dec. 31, 2012 /PRNewswire-USNewswire/ -- The International Dairy Foods Association (IDFA) stated today that the legislation proposed by Congressional Agriculture Committee leaders would still cause a problem in the marketplace because it includes a controversial new program designed to limit the milk supply. That proposal, championed...

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Book of Mormon Tickets Remain Atop Most Popular Theatre Tickets List

The Book of Mormon continues to remain at the top of our Most Popular Theatre Tickets list, said Felina Martinez at online ticket marketplace BuyAnySeat.com. The 9-time Tony Award winning musical is currently running at the Eugene O’Neill Theatre in New York, the Bank of America Theatre in Chicago, and the Curran Theatre in San Francisco.Denver, CO (PRWEB) January 01, 2013This bold, bawdy, hilarious...

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Breakout Consulting Offers New Clients $500 Off on Dream Client Marketing Campaign

Leading business consultancy offers businesses of all sizes to strategically target their dream client list.(PRWEB) January 01, 2013Breakout Consulting, a leading small business coaching and consulting firm based in Dearborn, MI is offering new clients a $500 discount on their Dream Client Marketing Campaign focused on attracting the most lucrative buyers in their marketplace. The customized marketing...

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Analysis: Democrats' discord undercuts Obama estate tax push

WASHINGTON (Reuters) - Divisions among Democrats are undermining President Barack Obama's push to raise the U.S. estate tax on inherited wealth, just weeks before the arrival of the "fiscal cliff" could drive the present estate tax rate even higher than Obama proposes.Action on the estate tax could be postponed. But in his successful re-election campaign, Obama called for wealthy Americans to pay...

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Canadian year-to-date budget deficit narrows in September

 Canada's federal budget deficit dropped in the first six months of the fiscal year, falling to C$8.9 billion ($9.0 billion) in April to September from a C$11.8 billion shortfall in the same period of last year, the Department of Finance said on Friday.The monthly deficit in September fell slightly to C$2.69 billion from C$2.75 billion in September 2011.Revenues in the first six months of the...

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Number of ND 'income millionaires' jumps by 102

A record number of North Dakotans reported seven-figure incomes last year, many of whom are benefiting from the state's oil bonanza, the state Tax Department says.Figures released to The Associated Press show a record 634 people reported incomes of more than $1 million on their 2011 individual tax returns, up from 532 in 2010 and 384 in 2009. In 2006, while North Dakota's oil boom was in its infancy,...

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Obama says Republican "fiscal cliff" plan out of balance

President Barack Obama rejected a Republican proposal to resolve a looming fiscal crisis on Tuesday as "still out of balance" and insisted any deal must include a rise in income tax rates on the wealthiest Americans.Obama told Bloomberg Television that the Republicans' reliance on eliminating tax deductions instead of letting taxes rise on Americans making more than $250,000 a year would not raise...

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Grocery giant Kroger wins $567 million tax fight

 Kroger Co said Thursday it won a tax battle with the U.S. Internal Revenue Service, which has dropped an effort to collect $567 million in disputed deductions from the grocery giant.The U.S. Ninth Circuit Court of Appeals earlier this month dismissed the government's claims against Kroger, the Cincinnati-based company disclosed in a securities filing.The dismissal by a three-judge panel came...

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Toll Brothers 4Q net income soars on tax benefit

 Toll Brothers says its fiscal fourth-quarter net income soared, helped by a large income tax benefit and a 48 percent rise in revenue. The luxury homebuilder delivered more homes and its order backlog increased.CEO Douglas C. Yearley Jr. said in a statement on Tuesday that higher home prices, low interest rates, pent-up demand and improving consumer confidence prompted buyers to return to the...

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IRS finalizes new tax for medical devices in healthcare law

The U.S. Internal Revenue Service on Wednesday released final rules for a new tax on medical devices, products ranging from surgical sutures to knee replacement implants, that starts next year as part of President Barack Obama's 2010 healthcare law.The 2.3-percent tax must be paid, effective after December 31, by device-makers on their gross sales. The tax is expected to raise $29 billion in government...

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H&R Block 2Q loss narrows as revenue rises

 H&R Block's fiscal second-quarter loss narrowed, helped by cost-cutting efforts. Revenue climbed mostly because of a strong tax season in Australia.The nation's largest tax preparation company typically turns in a loss in the August-to-October period because it takes in most of its revenue during the U.S. tax season. H&R Block's quarterly performance beat analysts' estimates and its...

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Tax filing delay looms if no fix for minimum tax: IRS

The top U.S. tax collector warned on Thursday of a delayed start to 2013's tax season if Congress fails to reset the alternative minimum tax (AMT) on high-income taxpayers so that it does not sweep in millions of middle-income people.Without another adjustment by lawmakers soon to the AMT, "many of us will see a delayed filing season," said Steven Miller, named just last month as Internal Revenue...

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Oregon governor says Nike plans to hire thousands

Sporting goods giant Nike plans to expand its operations in Oregon and hire as many as 12,000 new workers by 2020 but wants the government to promise it won't change the state tax code, prompting a special session of the Legislature.Gov. John Kitzhaber said he'll call lawmakers together Friday in Salem to create a new law authorizing him to grant Nike's wish.The governor did not release information...

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ICE's NYSE swoop creates derivatives giant

LONDON/NEW YORK (Reuters) - IntercontinentalExchange Inc agreed as part of its $8.2 billion takeover of NYSE Euronext to pay the New York Stock Exchange operator a termination fee of $750 million if it fails to gain antitrust clearances, suggesting a high level of confidence the deal will go through.Big Board parent NYSE could get out of the arrangement for a fee of $300 million if a sweeter deal...

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Stocks sink after Republicans cancel budget vote

NEW YORK (AP) — Investors sent Washington a reminder Friday that Wall Street is a power player in talks to avoid the "fiscal cliff."Stocks fell sharply after House Republicans called off a vote on tax rates and left federal budget talks in disarray 10 days before sweeping tax increases and government spending cuts are scheduled to take effect.The Dow Jones industrial average lost as much as 189 points...

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Titan Advisors withdraws funds from SAC Capital - WSJ

(Reuters) - Titan Advisors LLC has decided to withdraw all of its money from the hedge fund firm SAC Capital Advisors LP, the Wall Street Journal reported on Friday, as SAC faces scrutiny because of several employees linked to insider-trading charges.It's unclear how much money Titan, an asset-management firm based in New York, had invested with SAC for its clients, although it has $3 billion invested...

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Wall Street ends lower after "fiscal cliff" setback

NEW YORK (Reuters) - U.S. stocks finished lower on Friday after a Republican plan to avoid the "fiscal cliff" failed to gain sufficient support on Thursday night, draining hopes that a deal would be reached before 2013.Still, stocks managed to rebound from the day's lows near the end of the session, and for the week, the three major U.S. stock indexes still ended higher, with the S&P 500 gaining...

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