Marco's Taxi Cab Co. to Close After Decade in Towa City
Marco's Taxi Cab Co. in Towa City will shut down next week after more than ten years in business. Co owner Mark Paterno cites Uber and ride sharing as factors and notes no exact closing date. He also co owns Marco's Grilled Cheese and will assume ownership of Devolay restaurant Jan 1.
MENTIONED IN THIS ARTICLE
Marco’s Taxi Cab Co
Towa City
Mark Paterno
Terno
the Gazette
Paterno
Uber
Iowa City
Marco
Devocay
Fed rate hike details and potential savings gains
The Fed raised rates to a 1.25 to 1.5 percent target after a two day meeting with a 7-2 vote. Higher yields on CDs benefit savers while loan costs rise. Inflation may stay under control if policy tightens elsewhere and the economy improves. Lending has resumed after the 2007 credit bubble crisis.
MENTIONED IN THIS ARTICLE
Federal Reserve
Fed
Alan MacEachin
Navy Federal Credit Union
United States
Daniil Mannenkoy
University of Michigan
Benefits of an Interest Rate Hike and Effects on Consumers
Economists say higher rates could encourage banks to loan reserves, boosting growth while retirees gain from higher income on CDs and savings. A stronger dollar may aid travelers, and higher mortgage rates could prompt buyers to act sooner to lock in prices and equity.
MENTIONED IN THIS ARTICLE
Sean Snaith
Institute For Economic Competitiveness
University of Central Florida
A Ee
Lynn Reaser
Point Loma Nazarene University
San Diego
U.S
Snaith
Fed
Europe
Dean Baker
Center For Economic and Policy Research
Washington, D.C
Federal Reserve
David Nice
DS Economics
Chicago
Joel Naroff
Naroff Economic Advisors
Holland
Redbox launches On Demand streaming to take on Netflix
Redbox unveils Redbox On Demand offering 7 000 plus titles from major studios including Warner Bros Paramount Lionsgate Sony Fox and Universal. No subscription required with rentals starting at 3 99 and available on mobile apps redbox com Apple TV Chromecast Roku and more. CEO Galen Smith says the move expands the business and captures digital market share after Apollo Global Management bought Redbox for 1 6 billion.
MENTIONED IN THIS ARTICLE
Chicago
Redbox
Netflix
Amazon
Warner Bros
Paramount Pictures
Lionsgate
Sony Pictures
20Th Century Fox
Universal Pictures
Galen Smith
Oakbrook Terrace
IRS Criminal Investigation sees 11 percent drop in new cases
The IRS Criminal Investigation Division opened 3,019 cases in fiscal 2017, down from 3,395 in 2016, while recommending 2,251 prosecutions, a decline from 2,761. Despite staffing losses, hires kept agent attrition to 2.6 percent, with a 21 percent headcount decline since 2011, shifting toward data analysis and cybercrime investigations.
MENTIONED IN THIS ARTICLE
Internal Revenue Service
IRS Criminal Investigation Division
IRS
Also Mentioned on This Page
Towa City Taxi Company
Matthew Patane
Matthew
Patane
Thegazette
Bankrate.com
Warner
Paramount
Waalgreen
Apa
Usaytn
Bloomberg News
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