CenterPoint Energy to acquire Vectren in $6 billion deal
CenterPoint Energy to buy Vectren for 72 per share in cash, valuing the merger around 6 billion and creating a combined company serving over 7 million customers across the United States. Houston based CenterPoint to lead with Scott Prochazka as potential CEO. The merger, expected to close in Q1 2019, will keep Vectren’s Indiana electric and Evansville gas units under CenterPoint.
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Mustang catches fire in China as Ford sales surge
Ford reports a 35 percent rise in Mustang sales in China, maintaining its status as the best selling two door sports coupe for a second year. The car attracts young buyers and women, with a growing Mustang Club network exceeding 4 000 members. Guo Xin, a Chinese race driver, helps run a Beijing Mustang repair garage and spearheads club activities. Another owner, Miss Ru, notes the feminine appeal of the masculine muscle car.
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How Your Income Stacks Up Across Tax Brackets
A look at 2016 tax return data shows over 30 percent earned under $20,000 adjusted gross income, paying about 6.6 billion in tax, averaging under 150 dollars per return. Roughly 60 percent earned under $50,000, with only a small share at or above $100,000. those over $250,000 pay more than half of all taxes, illustrating a progressive system and rising inequality.
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