December: Time for last minute tax reduction moves
WASHINGTON AP December ends a busy season for taxpayers as end of year moves to cut tax bills must be completed by December 31. Advisers highlight Roth IRA conversions as a key option, with tax can be spread over four years and withdrawals after age 59 1/2 tax free if five years in the plan.
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Washington
Sandra Soltis
Blackman Kallick Bartelstein
Michael Wolff
Grant Thornton
Boeing to cut 20000 jobs amid Asian crisis fallout
Boeing plans to trim 20000 more workers over two years as jetliner production shrinks due to Asia's financial crisis. Overall cuts amount to 48000 jobs, about 20 percent of peak staff, with most losses in the commercial sector. Condit warns of potential reversals if Asian economies rebound and notes regional impact on Puget Sound plants.
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U.S
New home sales pace sets 1998 record in October
New home sales rose 0.8 percent in October to an annual rate of 851,000, the Commerce Department said, keeping 1998 on a record pace. Sales are 8.7 percent above last year, with October marking the 14th straight month above 800,000 and a record run of five months of supply shortages.
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Washington
Commerce Department
U.S
Blue-chip stocks gain slows as Dow slips modestly
New York AP reports blue-chip stocks posted modest losses on Wednesday as the Dow finished 69 points lower at 9064, bouncing from sub 9000 amid profits warnings from Boeing and Sears Roebuck. Boeing fell 17 percent after announcing job cuts and ongoing profit warnings, highlighting weak global demand and slow recovery.
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Boeing
Sears Roebuck
Dow
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Sears
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