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Why is investment income taxed less than wage income?

WASHINGTON (AP) - Why do Mitt Romney and other wealthy investors pay lower taxes on the income they make from investments than they would if they earned their millions from wages? Because Congress, through the tax code, has long treated investment more favorably than labor, seeing it as an engine for economic growth that benefits everyone.

January 27, 2012 | | Nationwide


Facebook IPO could value it among top firms with value between $75 billion & $100 billion

LOS ANGELES (AP) - When Facebook makes its long-expected debut as a public company this spring, the social-networking company will likely vault into the ranks of the largest public companies in the world, alongside McDonald's, Amazon.com and Bank of America.

January 27, 2012 | | Nationwide


Behind Obama's financial aid 'shopping sheets'

NEW YORK (AP) - President Barack Obama wants to make it easier to size up the cost of college.

January 27, 2012 | | Nationwide


Smokers need not apply for Ohio casinos jobs

CINCINNATI (AP) - Smokers won't be hired at new casinos in Columbus and Toledo, a ban that's been adopted in other industries as employers try to hold down health care costs.

January 26, 2012 | | Nationwide


Gains as businesses spend more, fire less

WASHINGTON (AP) - Businesses are growing more confident in the economy, investing in more equipment and laying off fewer workers.

January 26, 2012 | | Nationwide


Penney shares soar on upbeat outlook for 2012 following pricing strategy shift

NEW YORK (AP) - J.C. Penney Co. shares soared nearly 19 percent Thursday after the department store chain delivered a 2012 profit outlook that was well above analysts' projections.

January 26, 2012 | | Nationwide


Taco Bell enters crowded fast food breakfast arena

LOUISVILLE, Ky. (AP) - Yo quiero Taco Bell breakfast burrito!

January 26, 2012 | | Nationwide


Business nation briefs

MOTOROLA SUFFERS 4Q LOSS AS GOOGLE SALE LOOMS: LIBERTYVILLE, Ill. (AP) - Motorola Mobility sank to a fourth-quarter loss while trying to close its proposed $12.5 billion sale to Google. The setback, announced Thursday, came amid fierce competition in the markets for smartphones and tablet computers.

January 26, 2012 | | Nationwide


Fed says full recovery could take 3 more years

WASHINGTON (AP) - The Federal Reserve signaled Wednesday that a full economic recovery could take nearly three more years, and it went further than ever to assure consumers and businesses that they will be able to borrow cheaply well into the future.

January 26, 2012 | | Nationwide


Netflix customers return stock soars

SAN FRANCISCO (AP) - Netflix has regained almost as many customers as it lost following an unpopular price increase, signaling that the video subscription service is healing from its self-inflicted wounds.

January 26, 2012 | | Nationwide


Apple briefly passes Exxon as most valuable firm

NEW YORK (AP) - Apple briefly surpassed Exxon as the most valuable U.S. company after an excellent quarter, though the oil company has regained the lead at the market's close.

January 26, 2012 | | Nationwide


Fed says full recovery could take 3 more years

WASHINGTON (AP) - The Federal Reserve signaled Wednesday that a full economic recovery could take nearly three more years, and it went further than ever to assure consumers and businesses that they will be able to borrow cheaply well into the future.

January 25, 2012 | | Nationwide


Netflix customers return stock soars

SAN FRANCISCO (AP) - Netflix has regained almost as many customers as it lost following an unpopular price increase, signaling that the video subscription service is healing from its self-inflicted wounds.

January 25, 2012 | | Nationwide


Apple briefly passes Exxon as most valuable firm

NEW YORK (AP) - Apple briefly surpassed Exxon as the most valuable U.S. company after an excellent quarter, though the oil company has regained the lead at the market's close.

January 25, 2012 | | Nationwide


Apple doubles iPhone sales in 1Q

CUPERTINO (AP) - The iPhone is taking over Apple.

January 24, 2012 | | Nationwide


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Articles by Section - Nationwide


Blue Christmas for Amazon?

NEW YORK (AP) - It might be a blue Christmas for Amazon.

October 23, 2014 | | Nationwide


Union Pacific 3Q profit chugs ahead 19 percent

OMAHA, Neb. (AP) - Union Pacific Corp. delivered a 19 percent increase in its third-quarter profit as the railroad hauled 7 percent more freight and increased rates.

October 23, 2014 | | Nationwide


Cloud business lifts Microsoft’s quarterly results

SAN FRANCISCO (AP) - Microsoft's quarterly profit and revenue sailed past expectations Thursday, as CEO Satya Nadella's push to embrace cloud computing and diversify into mobile devices helped lift sales by 25 percent.

October 23, 2014 | | Nationwide


Enticing low rates, but impact on refinancing could be limited

WASHINGTON (AP) - With mortgage rates sliding for a fifth straight week, the possibility of locking in a rate below 4 percent is tempting for consumers and could unleash a wave of refinancing. It may even convince some Americans to buy their first home.

October 23, 2014 | | Nationwide


PulteGroup tops earnings outlook

ATLANTA (AP) - PulteGroup Inc. on Thursday reported third-quarter net income of $140.5 million.

October 23, 2014 | | Nationwide


NEWS FROM BUSINESS WORLD

• CAMEL MAKER REYNOLDS SNUFFS OUT WORKPLACE SMOKING: RICHMOND, Va. (AP) - Camel cigarette maker Reynolds American Inc. is snuffing out smoking in its offices and buildings.

October 22, 2014 | | Nationwide


Early Apple computer sells for $905K

NEW YORK (AP) - A vintage Apple computer that was one of only 50 made in Steve Jobs' garage in 1976 sold for $905,000 at auction on Wednesday, far exceeding pre-sale estimates and outdoing a previous high price of more than $671,000 paid in Germany last year.

October 22, 2014 | | Nationwide


Social Security benefits up an average of $20 a month during 2015

WASHINGTON (AP) - Come January, nearly 60 million Social Security recipients will get benefit increases averaging $20 a month, the third straight year of historically small pay hikes.

October 22, 2014 | | Nationwide


McDonald’s new menu plan: Have it your way

NEW YORK (AP) - After posting yet another disappointing quarter, McDonald's CEO Don Thompson said Tuesday the company hasn't been keeping up with the times and that changes are in store for its U.S. restaurants.

October 21, 2014 | | Nationwide


TWEAKER TOYS

NEW YORK (AP) - Toys R Us is pulling its four collectible dolls based on characters from AMC's hit series "Breaking Bad" after taking heat from a Florida mom who launched a petition campaign last week.

October 21, 2014 | | Nationwide


America says no to cappuccino potato chips

NEW YORK (AP) - America has rejected the idea of cappuccino-flavored Lay's potato chips.

October 20, 2014 | | Nationwide


Apple Pay Q&A

CUPERTINO (AP) - Apple's mobile payment system, Apple Pay, made its debut Monday. Now you can flash your new iPhone in the checkout line to pay for food, clothing and other goods. There's no need to pull out your credit card.

October 20, 2014 | | Nationwide


UPS increases some rates by 4.9%

ATLANTA (AP) - UPS says it is raising rates for a number of its shipping services by an average of 4.9 percent for 2015.

October 20, 2014 | | Nationwide


Record iPhone sales drive Apple’s 3Q beat

CUPERTINO (AP) - The iPhone again proved to be the engine behind Apple's blockbuster financial performance, driving quarterly results well past expectations.

October 20, 2014 | | Nationwide


Not so fast cordcutters: Cable’s far from dead

NEW YORK (AP) - Cord cutters rejoiced last week after HBO and CBS announced plans to sell stand-alone streaming services, a move that cable and satellite television providers have resisted for years. Customers tired of paying big fees for hundreds of channels they never watch just to have access to a few favorite shows might be expected to start cancelling cable service in droves. Get Netflix, throw in HBO, add a network here and there - why would anyone sign up now for cable?

October 20, 2014 | | Nationwide


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