Monday, February 6, 2023


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Brandon Kochkodin

THE UNITED STATES' largest companies protected their profits following the 2017 tax cuts by using their savings to offset risings costs, including for labor, transportation and imports. / BLOOMBERG FILE PHOTO/ANDREW HARRER

Tax cut billions fail to spur spending as CEOs safeguard profits

NEW YORK - Critics of President Donald Trump’s tax law centerpiece - slashing the corporate rate - argued the savings wouldn’t spur big companies...
S&P 500 COMPANIES have saved an estimated $12.8 billion due to the recent adjustment to their effective tax rates. / BLOOMBERG

Corporate America is saving big on Trump tax-cut windfall

NEW YORK - America’s companies are swimming in cash thanks to the big cut in the corporate tax rate. The roughly 180 companies in the S&P...
BANK OF AMERICA ESTIMATES THAT the supply of investment-grade bonds may reduce by as much as 17 percent next year due to changes proposed in the new tax bill. / BLOOMBERG FILE PHOTO/ANDREW HARRER

Debt-hungry pensions seen having fewer bonds under tax bill

NEW YORK - The tax overhaul may cause a snag for debt-hungry pension funds. Now being refined by the House and Senate, the legislation will likely...
GENERAL ELECTRIC CO.'S $31 billion pension deficit is the largest of any S&P 500 company. / BLOOMBERG FILE PHOTO/DANIEL ACKER

GE’s $31b hangover: Immelt leaves behind unfunded tab

NEW YORK - It’s a problem that Jeffrey Immelt largely ignored as he tried to appease General Electric Co.’s most vocal shareholders. But it might...

NFL’s Goodell made more than all but 61 public company CEOs

NEW YORK - National Football League Commissioner Roger Goodell earned $34.1 million in salary and bonus in 2014, a year in which Ray Rice’s...
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