Italy's lower house of parliament on Thursday approved a package of budget measures including a sales tax hike and a cut in some payroll taxes, aimed at helping the government reach its deficit-cutting targets.Approval was expected after Prime Minister Mario Monti's government won three confidence votes on Wednesday that it had called to speed up passage of the budget.The measures will now move...
Kan. agency posting tax guidance ahead of new law
Labels: BusinessThe Kansas Department of Revenue is posting guidance regarding two provisions of the state income tax law ahead of changes that take effect in January.Spokeswoman Jeannine Koranda said Tuesday that the guidance lets accountants, tax attorneys and residents know how the agency will be interpreting inconsistencies within the law. One of the items deals with how the taxpayers will be able to use itemized...
Harbinger Group returns to profit in 4th quarter
Labels: Business Harbinger Group it returned to a profit in its fiscal fourth quarter, buoyed by a large income tax benefit and improved revenue for both its consumer products business and its financial services and insurance segment.For the three months ended Sept. 30, the New York-based holding company earned $159.1 million, or 78 cents per share. That compares with a loss of $107.1 million, or 77 cents per...
NH health agency seeks $321M more in next budget
Labels: Business New Hampshire's biggest agency asked Tuesday for $321 million more from state tax sources in the two-year state budget Gov.-elect Maggie Hassan must present to lawmakers in February.Health and Human Services Commissioner Nicholas Toumpas testified at a hearing on the request that one of the biggest increases is due to a change in how the state pays nursing homes for Medicaid care. He said the...
First cracks in GOP resolve on tax rates
Labels: Business The first cracks are developing among Republicans over whether to accept a quick deal with President Barack Obama on allowing the top two income tax rates to expire, even as an administration official said the White House was stepping up behind-the-scenes negotiations.Conservative Oklahoma GOP Rep. Tom Cole told GOP colleagues in a private meeting Tuesday that it's better to make sure that tax...
Dec
24
News Summary: Kodak sells patents for $525 million
Labels: TechnologySTEPPING STONE: Eastman Kodak is selling its digital imaging patents for about $525 million, money the struggling photo pioneer says will help it emerge from bankruptcy protection in the first half of 2013.GROUP OF 12: Apple Inc., Google Inc., Samsung Electronics Co., Research In Motion Ltd., Microsoft Corp., China's Huawei Technologies and Facebook Inc. are among the 12 companies paying to license...
Best Buy exec leaves for COO post at Symantec
Labels: TechnologyBest Buy's president of digital operations is leaving the struggling electronics chain to become chief operating officer at the computer security company Symantec.Best Buy has been implementing a turnaround plan as it faces tough competition from discounters and online retailers. The Minneapolis company last week extended until after the holiday season the window for co-founder Richard Schulze to...
SC Gov Haley unveils $6.3 billion budget proposal
Labels: TechnologyCOLUMBIA, S.C. (AP) -- Gov. Nikki Haley's budget plan she presented Thursday would spend more on computer security, law enforcement and health care. She also asked that not-yet-projected revenue go toward tax relief that saves the average filer less than $30.Her $6.3 billion budget plan for the fiscal year that starts July 1 seeks $47 million for computer security following a massive breach at the...
Samsung is replacing faulty Galaxy S IIIs that are suddenly dying for no reason
Labels: TechnologySamsung (005930) is reportedly quietly replacing faulty Galaxy S III devices according to many users on XDA Developers. The issue appears to be related to the NAND becoming corrupted and killing off the Galaxy S III’s mainboard, which causes the phone to essentially “brick” itself. Users have reported the issues have affected some devices after 150-200 days after purchase. Users on XDA Developers...
Insight: Security fears dogged Canada debate on China energy bid
Labels: TechnologyIn September, two months after China's state-owned CNOOC Ltd made an unexpected $15.1 billion bid for Canadian energy company Nexen Inc, Canada's spy agency told ministers that takeovers by Chinese companies may threaten national security.The rare warning from the Canadian Security Intelligence Service (CSIS), which was disclosed to Reuters by intelligence sources, did not stop the takeover. That...
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