Archive for January 2012
On the coasts, a push for a millionaire tax hike
Some states are turning to their wealthiest residents to bring in much-needed revenue.
The governors of the two largest Democrat-controlled states want rich folks to help close budget gaps. And Democratic lawmakers elsewhere are preparing …
Read MoreHedge funds expected to attract more dollars
Investors may add about $80 billion of new capital to hedge funds this year, the most since 2007, according to a Barclays PLC survey, Bloomberg reported. About 56 percent of investors surveyed by Barclays plan …
Read MoreA billion-dollar quibble to enter hepatitis C market
Bristol-Myers Squibb Co. increased its bid for Inhibitex Inc. and its experimental hepatitis C drug twice in five days, raising its offer to $2.5 billion from $550 million to top an unnamed competitor, Bloomberg said. …
Read MoreBusinesses turn an interested eye to payroll tax debate
Diageo plc, the world’s biggest liquor company and the purveyor of Captain Morgan’s rum, is enjoying a $2.7 billion subsidy from the U.S. Virgin Islands, aided in part by a tax break rubber-stamped by Congress …
Read MoreIowaBiz Blog: Learn about marketing lagniappe
New advisory committee works on broadband expansion program
The first broadband advisory committee meeting between Connect Iowa and the Iowa Economic Development Authority (IEDA) took place this week, kicking off a new community effort to expand broadband access, adoption and use across the …
Read MoreU.S. trade deficit grows in November
Department of Commerce figures released this morning show that the U.S. international trade deficit in goods and services increased in November to $47.8 billion from $43.3 billion in October.
The goods deficit with China fell …
Read MoreObama looks to reorganize agencies
President Barack Obama called on Congress to give him authority to streamline the executive branch and consolidate six agencies dealing with trade and commerce, Bloomberg reported.
The reorganization would affect the Office of the U.S. …
Read MoreForty Under 40 2011
Central Iowa’s future is in good hands, as you’ll see when you read about the members of the Business Record’s “Forty Under 40” class for 2011. The young honorees have put together remarkable resumes, filled …
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