McKesson is to buy Celesio shares from shareholders Elliott Management & Franz Haniel, reports CNBC's David Faber. The agreement would give McKesson 75 percent ownership of Celesio.
With Republicans'Â tax reform plan finally starting to take shape, it's a good idea to look into how your favorite tax breaks could change. While there are likely to be substantial changes to the tax reform plan before it potentially becomes law, it seems clear that many of today's itemized deductions will no longer exist. Unfortunately, it's not on the (very short) list of itemized deductions that the GOP plans to retain in tax reform.
A Michigan man commuting home from work was killed after he was struck by a rock that was allegedly thrown by teenagers from a highway overpass, officials said. Kenneth White, 32, was in the passenger seat of a van just minutes away from his home Wednesday when a rock smashed through the windshield and struck him on Interstate 75 in Genesee County, according to ABC Detroit affiliate WXYZ. Several teenagers are in custody for the incident, which law enforcement officials believe was done as a prank, according to the network.
Gretchen Carlson has come out swinging against her former network after a report that Fox News offered its former anchor Bill O’Reilly a contract renewal despite knowledge of sexual harassment allegations against him. “It’s horrifying to think that any company would dismiss an employee following multiple allegations of sexual harassment and then allow him back on the air a few months later,” Carlson said in a statement Saturday. The New York Times reported Saturday that in January, O’Reilly had reached a $32 million settlement with a network analyst who had alleged sexual harassment claims against the host, which reportedly included claims of a non-consensual sexual relationship.
Shawn Johnson East and her husband Andrew East announced in an emotional YouTube video posted on Saturday that Johnson East had a miscarriage just two days after the couple found out they were pregnant. “Today’s video is a little bit sensitive,” Johnson East, 25, said at the beginning of the video. The video — titled “pregnancy + heartbreak” — documented the couple’s whirlwind 48-hours pregnancy experience: from the moment when Johnson East showed herself crying joyful tears after taking two pregnancy tests which came back positive, to the moment the couple learned they had a miscarriage.
Your 50s are a pivotal time not just in your career, but on the road to retirement. By the time your 50s roll around, you'll have conceivably been working for a good 30 years, which means your earnings will likely have peaked.
Get ready for a 'tale of two markets,' says oil expect Tom Kloza 5:57 PM ET Thu, 19 Oct 2017 | 01:31 The United States has started doing something unprecedented when it comes to oil, and the impact is expected to grow into next year. Tom Kloza of the Oil Price Information Service is alluding to the U.S. ramping up exports. It follows the 40-year ban that was lifted two years ago. "The highlight you need to watch for the next few months is going to be more record breaking exports of crude oil. Our view is that it's going to soften the price for Brent," the firm's global head of energy analysis said recently on CNBC's "Futures Now." According to Kloza, it's possible the U.S. will export 15 million
Lindsay Graham said Sunday the Trump administration “is slow” when it comes to punitive policies on Russia, citing their failure to implement congressionally approved sanctions on the country. “I think the Trump administration is slow when it comes to Russia. Graham was responding to a question from Todd about the White House’s failure to implement a bill on Russian sanctions, which Congress approved in July and President Trump signed in August.
Airbus's coup in buying a $6 billion Canadian jetliner project for a dollar stunned investors and took the spotlight off a growing ethics row last week, but internal disarray has raised questions over how smoothly it can implement the deal. The European planemaker secured the deal for Bombardier's CSeries programme by pledging to throw its marketing might behind the loss-making jets, just as the Airbus sales machine reels from falling sales and internal and external corruption investigations. Chief Executive Tom Enders has urged staff to keep calm in the face of French reports describing payments to intermediaries and growing concern over fallout from the investigations.
In the draughty hallway of the former media centre on London’s Olympic Park, Ford’s new boss Jim Hackett is sketching out the future for the 113-year-old company. Hackett – tieless to fit in with the environment – is confident they will help make Ford a leading player in automotive sector of the 21st Century. “It has a right to help interpret that and translate that for people all over the world.” The 62-year-old took over at Ford in May, when predecessor Mark Fields was ousted following investor concern over shares falling by a third during his three-year reign and worries Ford was dropping behind rivals in developing autonomous, connected and electric vehicles.
Insys Therapeutics (NASDAQ: INSY) is one of the most hated biotech stocks on the market today. There is a laundry list of reasons why Insys has fallen in disfavor. Its revenue is plunging, and the company is the target of multiple investigations over promotional practices for its lead product.
Two significant insights into Republicans’ evolving tax-reform plan emerged Friday. First, House Speaker Paul Ryan said that an additional top income tax bracket would be proposed to make it easier to maintain high tax rates on the very highest-income Americans. Previous versions of the Republican plan had only three tax brackets, down from the current seven, though the additional fourth bracket was mentioned as a possibility.
Former President Jimmy Carter may be on opposite ends of the ideological spectrum from the current leader of the free world, but he’s still offering to help with one of the most pressing issues — the crisis with North Korea. Carter, 93 told the New York Times he is willing to take the lead on diplomatic efforts with the North Korea government to contain their efforts to amass nuclear weapons , and is even willing to physically travel to North Korea to carry out this objective. “I would go, yes,” he said, noting that he spoke directly with Trump’s National Security Adviser, H. R. McMaster in May, when he saw him at the funeral of his former National Security Adviser, Zbigniew Brzezinski.
Oct.22 -- China releases its new home prices for September. Bloomberg's Tom Mackenzie reports on "Bloomberg Markets: Asia."
Some Republicans may be considering a limit on contributions to retirement accounts in order to pay for tax cuts. Could this target the people who supported candidate Trump? CNBC's Ron Insana breaks it down.
By Liana B. Baker SAN FRANCISCO (Reuters) - Cisco Systems Inc , the world’s largest networking gear manufacturer, is nearing a deal to buy U.S. telecommunications software firm BroadSoft Inc for close to $2 billion, a person familiar with the matter said on Sunday. The deal, which comes after Reuters first reported in August that BroadSoft was exploring a sale, would allow Cisco to further diversify away from its stagnating switches and routers business by giving it a stronger foothold in selling unified communications software to big telecommunications firms. If deal negotiations are completed successfully, Cisco's agreement to buy BroadSoft could be announced as early as Monday, the source said, asking not to be identified because the deal discussions are confidential.
It's been a good year for bank stocks, and Bank of America (NYSE: BAC) is no exception. Given this performance, it's reasonable for investors to ask: Is Bank of America's stock still a bargain? A common way to gauge a bank stock's valuation is to use the price-to-book value ratio, which is calculated by dividing a bank's share price by its book value per share.
If you're a dividend investor, you'd probably consider an ideal dividend stock to be one that pays a higher-than-average yield, with the dividend likely to steadily grow over time, right? One such company worth your investment consideration is Realty Income (NYSE: O), which is organized as a real estate investment trust. REITs tend to have generous dividend yields -- Realty Income's yield is currently 4.6% -- because they're required to pay out at least 90% of their income as dividends in return for preferential tax treatment.
Oil prices largely held on to last week's gains on Monday, supported by supply disruptions in Iraq and a drop in U.S. drilling. The number of U.S. rigs drilling for new oil fell by seven to 736 in the week to Oct. 20, the lowest level since June, energy services firm Baker Hughes said on Friday. U.S. West Texas Intermediate (WTI) crude (CLc1) was up 2 cents at $51.86.
According to a report in the Wall Street Journal, the proposal being considered would reduce the amount a worker could contribute tax-free to just $2,400 a year.
Qualcomm (NASDAQ: QCOM) has been under siege this year. The company's much-hyped acquisition of NXP Semiconductors that was supposed to open up the road to automotive riches has run into a speed bump. Furthermore, Qualcomm will run into stiff competition from the likes of NVIDIA (NASDAQ: NVDA) in emerging technology trends such as drones.
If you want to be blown away by the wealth-building power of stocks that pay ever-growing dividends for decades, look at this chart for Altria Group (NYSE: MO). This kind of investing works only when you can find the kind of stocks that are able to grow their dividends year in and year out for a lifetime.
Big money managers, already on guard to protect one of their richest sources of assets, are on alert as more details emerge on how prized 401(k) contributions could fall victim to President Donald Trump’s tax overhaul plan. The New York Times reported Friday that the administration may seek to limit pretax contributions to 401(k) plans to as little as $2,400 annually, down from the current maximum of $18,000 for most workers and $24,000 for those 50 years or older. The measure, rumored for months as a way to help offset the individual and corporate tax cuts that the Trump administration hopes to enact by year end, would essentially pull future tax revenues forward by requiring Americans to pay taxes on retirement savings now instead of when they tap their nest eggs.
Donald Trump’s America First policy is “the height of American way of thinking that it is best if the U.S. is well-off at the expense of the whole world.” US allies and partners are “devoid of principle, narrow-minded and selfish.” The Trump administration is “trying to drive the world into a horrible nuclear disaster.” These are the claims of North Korean diplomats in an open letter to various parliaments of the world. The letter, first published Oct. 20 by the Sydney Morning Herald, was called “unprecedented” by Australia’s top diplomat, Julie Bishop. The communique is dated Sept. 28—10 days after the US president’s fiery speech to the UN General Assembly where he called North Korean leader
Shares of AT&T (NYSE: T) have fallen 16% this year due to ongoing concerns about the sluggish growth of its wireless business, high debt levels, natural disasters, declines in video subscribers, and uncertainties about its planned acquisition of Time Warner (NYSE: TWX). Let's take a closer look at AT&T's business to find out. As America's second largest wireless carrier, top wireline services provider, and biggest pay TV provider (thanks to its purchase of DirecTV), AT&T has a very wide moat.