Clarkson grows eye care empire Aug 31, 2009
It would sell the optometry equipment and other business assets to Clarkson Eyecare, which plans to be a tenant in the building, said Gerry Jehling, Clarkson s chairman and one of the five TBW investors. Clarkson then would convert Kiefer s office in the building to a Clarkson Eyecare unit, making it the company s third location in South County and its 43rd in the St. Louis area. (St. Louis Business Journal, MO)
What the Growing Deficit Really Means Aug 26, 2009
In 2007, the top 1% of the U.S. population owned 60% of all business assets. Meanwhile, the bottom 50% of the population owned a mere 2. (CBS News)
Romano's will reopen just as Fred Young closes (3) Aug 24, 2009
Romano's closed down in February after Alfonso (who owned the business licenses) and Carmine (who owns the land) couldn't come to an agreement regarding consolidation of the business assets. Alfonso sold the business assets, turned in his licenses, closed the mortuary and moved back to Boston. (Sebastopol Sonoma West Publishing, CA)
TEXT OF BERNANKE'S SPEECH: Reflections on a year of crisis Aug 22, 2009
In contrast, in the case of the insurance company American International Group (AIG), the Federal Reserve judged that the company's financial and business assets were adequate to secure an $85 billion line of credit, enough to avert its imminent failure. Because AIG was counterparty to many of the world's largest financial firms, a significant borrower in the commercial paper market and other public debt markets, and a provider of insurance products to tens of millions of customers, its abrupt... (USA Today -- Money)
SBA to give aid to Kentucky flood victims Aug 20, 2009
Businesses and nonprofit organizations of any size can borrow as much as $2 million to repair or replace damaged or destroyed real estate, machinery, equipment, inventory and other business assets. The SBA also can lend funds to help borrowers prevent future flood damage, according to the release. (Louisville Business First, KY)
Tax code: An idea whose time has come Aug 14, 2009
g., plant and machinery) to be treated as business assets and any profits arising on sale of these assets to be treated as normal business income and not as capital gains. In practical terms, a company will now be subject to the same uniform rate of 25% tax on gains from transfer of such business capital assets as against the current rate of 20% for long-term capital gains on transfer of all capital assets. (India Times)
Stanford Asks Judge to Let New Lawyers Seek Access to Funds to Pay Bills Aug 5, 2009
In a lawsuit filed by the U.S. Securities and Exchange Commission in February, a federal judge in Dallas froze the financiers personal and business assets and placed them under the control of receiver. Stanford has denied all civil and criminal allegations of wrongdoing. (Bloomberg -- US)
Arizona's Bashas' seeks Chapter 11 reorganization Jul 14, 2009
Everock, Inc. (Pink Sheets: EVRN) announced today that it has completed a reverse merger transaction with privately held Nature's Peak, Inc. whereby its business assets and operations have been integrated with Everock. Nature's Peak has assumed control of the newly combined company and, in the near future, its name will be changed to reflect this. (Fresno Bee -- Business)
Privacy Policy Jul 5, 2009
In transactions such as these, customer information is generally one of the transferred business assets. Moreover, in the unlikely event that we or one of our publishing lines are acquired, customer information may be one of the transferred assets. (Seacoast New Hampshire)
Trustee: $231 million so far for Madoff victims Jul 2, 2009
After Madoffs arrest late year, Picard was appointed to try to recover any remaining business assets and divvy up those proceeds along with SIPC funds to victims. About $1. (MSNBC -- Business)
Tax planning for business assets Jun 29, 2009
SOLE proprietors can optimise their taxes by taking capital allowances on business assets into account. Fixed assets: Fixed assets acquired for use in the business are eligible for tax relief in the form of capital allowance. (The Star Online, Malaysia -- Business)
Opponents of state's tax hike line up Jun 19, 2009
He also wants to delay the phaseout of a tax on business assets; increase the cigarette tax; enact a new tax on cigars, smokeless tobacco and natural gas extracted from Marcellus shale wells; dip into the state's "Rainy Day Fund'' for emergencies; and tap a surplus in a fund to help doctors pay for medical malpractice insurance. Rep. Tony DeLuca, D-Penn Hills, said he could support the new tobacco taxes but isn't ready to vote for a higher income tax. He said the Legislature first must make sure... (Pittsburgh Post-Gazette, PA)
Rendell's proposal to raise tax rate faces a huge fight Jun 17, 2009
In addition to the higher PIT, Mr. Rendell yesterday also called for a three-year suspension of the scheduled phaseout of the state's Capital Stock and Franchise Tax, a levy on business assets. Its current rate is 1. (Pittsburgh Post-Gazette, PA)
Maximum Benefit Jun 1, 2009
Q. In 1995 the bank for my business sold up our home and all of the business assets to pay a debt owed to them. The proceeds from the sale of the home and assets did not fully repay the debt. (Sydney Morning Herald -- Business)
Sonic Solutions Reports Financial Results for Fourth Quarter and Fiscal Year Ended March 31, 2009 May 29, 2009
the negative impact of current macroeconomic conditions on consumers and associated impact on their ability and inclination to spend on leisure and entertainment related activities and related software and electronics; * the timely introduction and acceptance of new products and services, including but not limited to the rate of acceptance of our CinemaNow and Qflix initiative, online services and high-definition products by content owners, original equipment manufacturers and consumers; *... (Primezone Releases)
Students lose promised trip May 23, 2009
outwiththeold wrote on May 22, 2009 10:00 PM:" lets look at it in another perpective.lets say you get a job and the business promisses you money as compensation because you are performing your job.now lets say after two weeks you are expecting your paycheck, as it was agreed, but now the business says you know what i dont want to pay you (or you can add any excuse here ie business is bad, i dont have money to pay, etc.) what would the person do, would he/she be entitled to anything? now lets say... (El Centro Imperial Valley Press, CA)
SBA opens center to help storm victims May 20, 2009
Businesses of any size and private, nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets. Economic Injury Disaster Loans are also available for small businesses. (Houston Business Journal, TX)
Ghanaians asked to assist VAT recover taxes May 15, 2009
He also said money, including foreign currency, business and business assets, any means of transportation among others also formed part of taxable gift. Mr Ansah urged the participants to consider it as a moral obligation to declare their taxes on any gift, beside that of their official remunerations. (Ghana Web, Ghana)
JOHNSON: Steinbrenner buys Yankees (2.12.73) May 7, 2009
The Babe's 714 homers and DiMaggio's 56-game streak and Don Larsen's perfect World Series game are now among the business assets of John DeLorean, 48, a vice-president of General Motors, and Marvin L. Warner, 53, a real-estate developer from Cincinnati, and James Nederlander, 50, who owns playhouses and art centers in Washington, Phoenix, Chicago, Detroit, Baltimore and New York. And the Yankees' 29 American League pennants and 20 World Series titles over the past 52 years now belong to Sheldon... (SportsIllustrated.CNN -- MLB)
More of this story May 7, 2009
For example, if a business assets are liquidated and used to pay down 75,000 of a loan, leaving a 25,000 differential, the town would only be responsible for whatever percentage it had guaranteed of the remaining 25,000. Hartford said they have preliminarily proposed capping 50-percent-guarantee loans at 100,000, with the town adding a 25-percent guarantee. (Westerly Sun, RI)
Corporate bonds: Empty coffers May 5, 2009
That is because high default rates occur when economies are in trouble and business assets have to be offloaded at fire-sale prices. But this alone cannot explain the collapse. (The Economist)
Taxing two properties Apr 30, 2009
g. residential property, vehicles, business assets) of any nature including rights to property (e. g. limited interests) as well as deemed property (e. (iAfrica.com)
Equal Time: Work on budget, jobs, housing made session a success Apr 18, 2009
Ending the Georgia intangible tax on business assets. Instead of more wasteful government spending, the JOBS bills empower Georgia businesses to invest and hire more people. (Atlanta Journal-Constitution -- Opinion)
Legislature delivers on issues that matter to state residents Apr 16, 2009
Elimination of the Georgia intangible tax on business assets. Instead of empowering government with more wasteful spending programs, these policies empower employers to hire and invest in Georgia's economy. (Athens Banner-Herald)
Judge: Investors can force bankruptcy Apr 11, 2009
A court-appointed trustee already is in the process of liquidating his business assets. ADVERTISEMENT. (Anchorage Daily News)
Feds seize Madoff's Palm Beach mansion, yacht Apr 3, 2009
A court-appointed trustee already has begun liquidating Madoff's business assets. Court papers filed in Manhattan asked a judge to lift an order that currently prevents involuntary bankruptcy for Madoff himself. (WSVN-TV Miami, FL)
Rhode Island Machine Shop Owners Convicted of Tax Fraud Apr 1, 2009
According to the indictment and evidence introduced at trial, Bruce Lapierre tried to obstruct an IRS investigation of the machine shop's income by renaming business assets by sending false and frivolous letters to the IRS claiming he was not required to file tax returns or pay taxes, and by directing a financial institution not to comply with an IRS summons for records. Chief Judge Lisi scheduled sentencing for July 9, 2009. (PR Newswire)
Sunday morning fire destroys Whetstone business assets Mar 23, 2009
The Sierra Vista Herald. Last updated on Monday, Mar 23, 2009 - 02:15:36 am MST. (Sierra Vista Herald, AZ)
Biomerge Industries Ltd. Announces Transaction With Total Energy Services Trust Mar 20, 2009
Source: Biomerge Industries Ltd.. EDMONTON, ALBERTA--(Marketwire - March 19, 2009) - Biomerge Industries Ltd. ("Biomerge") (NEX:BIL.H) is pleased to announce that Biomerge, Total Energy Services Trust ("Total") and Total Energy Services Ltd. ("TESL") have entered into an agreement (the "Arrangement Agreement") pursuant to which, among other things, Total will convert from an income trust to a corporation (the "Conversion"). (CCNMatthews Press Releases)
State seizes assets from liquor store Mar 19, 2009
The Kansas Department of Revenue on Wednesday executed a Sedgwick County tax warrant and seized the business assets of LLC.. All known bank accounts, on-site cash, business inventory, and personal property assets belonging to the owner were seized and the business, at 211 N. Hillside, was sealed closed. (Wichita Business Journal, KS)
Delinquent Taxpayer Confronts Philly Mayor On TV Mar 12, 2009
He said if they don't pay by April 2 their business assets will be seized and sold by the sheriff. He seemed surprised when one of the lawyers confronted him. (CBS News)
SBA offering loans for wildfire victims Mar 12, 2009
Businesses and private non profits can borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. The SBA also offers Economic Injury Disaster Loans for small businesses and some private non profits to help meet working capital needs caused by the disaster, regardless of whether the business suffered any property damage. (Austin Business Journal, TX)
Destiny Resource Services Corp. Announces 2008 Results and Annual Meeting of Shareholders Mar 11, 2009
Although there has been an overall decline in demand for exploration services in North America, the Company has been able to increase its market share in the US. Part of this increase is due to the acquisition of US business assets that occurred during Q2'08 ... Intangibles and goodwill came from the acquisition of MP Brett Holding Ltd. in October 2006 and the business assets of All-Terrain Industries Inc. in April 2008. (CCNMatthews Press Releases)
Bill cuts capital gains taxes for some businesses that stimulate state’s economy Mar 10, 2009
- Offer a lower capital gains tax the longer that business assets are held in Montana ... The tax breaks would occur when the business assets are sold in the 10-year period, when the business changes hands, Essmann said. (Helena Independent Record, MT)
The Manitowoc Company Reduces Book Value of Discontinued Operation Mar 3, 2009
"In spite of the significant decline in valuations for business assets that nearly all companies are facing, we expect to comply with our obligation to sell the Enodis Ice Group," said Glen Tellock, Manitowoc's president and chief executive officer. "We are also taking decisive actions to address the impact of the global recession on our business. While these are difficult decisions, they are necessary to maintain Manitowoc's strong financial condition.". (PR Newswire)
House Votes to Cut Tax on Business Assets Feb 28, 2009
Since 1917, Missouri has charged a franchise tax on corporations' assets, inventory and property, although the state has been gradually reducing the tax rate and exempting smaller businesses. The franchise tax is levied on any corporation worth at least $1 million. (Missourian Publishing, MO)
Cephalon Launches Takeover Offer for Australian Biotechnology Company, Arana Therapeutics Feb 27, 2009
Arana Independent Directors Recommends Shareholders Accept the A$318 Million Offer, in the Absence of a Superior Proposal. Australian Biotechnology Company Offers Strong Technology Platform and Phase II Antibody in Development for Inflammatory Diseases. (PR Newswire)
How Automation Technology Can Improve Performance Of Your Power Plant Feb 22, 2009
Companies should write policies and procedures aligning with corporate security goals, and perform thorough risk assessments that identify plant and business assets, define potential threats, and spell out vulnerabilities across the enterprise. Conclusion Today's challenging times in the electric power industry require new, more effective measures that link technical performance with financial results. (Energy Pulse, CO)
How much are we really worth? Feb 22, 2009
Household wealth incorporates property values, business assets, superannuation, share portfolios and debt. The report, which analysed 1135 statistical regions across Australia, used Statistics Bureau data from 2003-04 as well as more recent information about house prices, taxation and demographics. (Sydney Morning Herald)
Rudd lets states off in deal on stamp duty Feb 14, 2009
Those taxes are: mortgage duty on business loans, transfer duty on sales of business assets other than real estate, and stamp duty on sales of securities not listed on the stock exchange. Story Tools. (Sydney Morning Herald -- Australia)
Fed calls gain in U.S. family wealth a mirage Feb 13, 2009
Slightly more than half of those unrecognized gains came from real estate, and the second biggest source was increases in the value of business assets. The Fed's estimates, which are based on a survey of 4,422 households, are in line with estimates that economists have made about the aggregate plunge in wealth since the housing bubble began to deflate in 2006. (International Herald Tribune -- Business)
Event at Cankdeska Cikana Community College to help students with financial aid Feb 10, 2009
Students are asked to bring along their 2008 federal tax return and W2 forms, any untaxed income records, veteran noneducation benefits, worker s comp and child support, information on savings, investments, business assets and farm assets (if applicable). Drivers licenses, social security numbers and alien registration cards (if you are not a U.S. citizen) will also be needed. (Devils Lake Daily Journal, ND)
Newlook Subsidiary's Assets Placed for Sale Feb 10, 2009
On February 2, 2009, the Interim Receiver provided Wireless Age with initial marketing documentation indicating that it intended to sell the business assets in three separate packages; 1) the assets of Wireless Source, which consists of the former commercial operating segment, 2) the Saskatchewan retail operating segment assets of Wireless Ltd., and 3) the Manitoba retail operating segment assets of Wireless Ltd. The Interim Receiver indicated that preference would be given to a purchaser of all... (CCNMatthews Press Releases)
ProLogis Reports Fourth Quarter and Full-Year 2008 Results Feb 10, 2009
Our guidance reflects that focus; however, sizeable asset sales or other corporate actions could alter our expectations, which we will reflect in future guidance," Sullivan added. For details on the key business drivers and assumptions that support the company's 2009 guidance, please use this link: or visit the company's website at . Selected Financial and Operating Information -- Same-store net operating income in the quarter was essentially flat. Average full-year, same-store net operating... (PR Newswire)
Commercial Real Estate Feb 8, 2009
price includes business assets. acceptable confidentiality agreement necessary for financials. (Seacoast New Hampshire)
Restraining Business: Accountants and the Proceeds of Crime. By Jame Hilsdon Feb 8, 2009
The Crown may fear that their target "defendants" will abuse the freedom to trade by placing business assets beyond reach. The Crown may not understand transactions or trust explanations offered by the company. (Accounting Web, UK)
