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| February 18, 2018

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LA Times Archives - Page 3 of 1104 -

IRS will ban hedge fund tax loophole on carried interest, Mnuchin says

February 14, 2018 |

Treasury Secretary Steven Mnuchin said the Internal Revenue Service will issue guidance within the next two weeks to prevent hedge fund managers from dodging new tax rules on carried-interest profits.

“I’ve already met with the IRS and our Office of Tax Policy this morning as a result of that article,”…


L.A. Times – Business

Stocks tumble on opening as consumer prices jump, adding to inflation fears

February 14, 2018 |

Consumer prices jumped more than expected last month, the Labor Department said Wednesday, adding to the fear of higher inflation that has roiled financial markets in recent days.

The consumer price index increased 0.5% in January, up from 0.2% the previous month and well above analyst estimates….


L.A. Times – Business

If you’re under 40 you should be hoping for another stock plunge, says pundit Josh Brown

February 14, 2018 |

Josh Brown is not your average Wall Street pundit.

Brown is chief executive of Ritholtz Wealth Management, a financial advisory firm in New York, and his blog, the Reformed Broker, is popular reading for those interested in the financial markets. The blog and his Twitter account are often witty,…


L.A. Times – Business

How to buy eco-friendly flowers for Valentine’s Day

February 14, 2018 |

While it may be fashionable to investigate the early childhood of your steak, when was the last time you asked your florist about the provenance of your peonies?

According to the most recent U.S. Department of Agriculture figures, the U.S. produced $ 374 million in wholesale cut stems in the 15…


L.A. Times – Business

Stone Brewing sues MillerCoors for calling Keystone beer ‘Stone’

February 14, 2018 |

Stone Brewing is suing MillerCoors, alleging that the beer giant’s recent rebrand of its Keystone line is too close to the San Diego brewery’s name.

MillerCoors’ Keystone line of light beers was rebranded to emphasize the “Stone” in the Keystone name, putting it in a large font on the line’s cans…


L.A. Times – Business

Tourism industry turns to American music to draw international visitors

February 13, 2018 |

An Elvis impersonator jumps from an airplane while mouthing the words to “Jailhouse Rock.”

A flash mob dances at a busy outdoor mall in Chicago to Aloe Blacc’s 2013 hit “Wake Me up.”

Salsa dancers shake and shimmy to “Conga” by Miami Sound Machine beneath palm trees in Miami’s Little Havana neighborhood.


L.A. Times – Business

Will the wild stock market cause the Federal Reserve to slow interest rate hikes? And should it?

February 13, 2018 |

Financial markets delivered an unwelcome gift for Jerome H. Powell when he was sworn in last week as chairman of the Federal Reserve — a nosedive.

Triggered by fears of rising inflation and interest rates, the Dow Jones industrial average’s record 1,175-point plunge on Feb. 5 kicked off the worst…


L.A. Times – Business

Healthcare stocks lead U.S. market lower

February 13, 2018 |

Healthcare companies led stocks broadly lower in Tuesday’s early trading on Wall Street as the market gave back some of its big gain from the day before.

Drug distributor companies were especially hard hit in the early going after the Wall Street Journal reported that Amazon was seeking to expand…


L.A. Times – Business

The Beverly Hills attorney set to lead the IRS likes magic tricks — he’ll need a few to run the agency

February 13, 2018 |

The Internal Revenue Service this year will have to write and interpret a bevvy of rules as the agency implements the most sweeping set of changes to the tax code in a generation.

And leading the agency through that process could be an IRS commissioner with a resume quite unlike those of his predecessors.


L.A. Times – Business

California’s two health insurance regulators to investigate Aetna coverage decisions

February 13, 2018 |

Both of California’s health insurance regulators said they will investigate how Aetna Inc. makes coverage decisions, as the lawsuit of a California man who is suing the nation’s third-largest insurer for improper denial of care heads for opening arguments Wednesday.

The Department of Managed Health…


L.A. Times – Business