Market movers and policy shifts ripple through markets
Carnival Corp rose 1.53 to 68.13 as higher ticket prices feed a strong fourth quarter. McDermott falls 0.90 to 6.69 after agreeing to a 6 billion all stock bid for Chicago Bridge & Iron. A GOP Senate panel rejects Scott Garrett for Export-Import Bank, citing concerns over subsidies to big firms. Humana buys 40 percent of Kindred Home Health for about 800 million in cash, with TPG Capital and Welsh, Carson taking remaining stake. Audi recalls 52,000 A6 and A7 models for fuel line leaks. Jack in the Box sells Qdoba to Apollo Global Management for 305 million in cash, closing by 2018.
MENTIONED IN THIS ARTICLE
Carnival Corp
McDermott International Inc
Chicago Bridge & Iron
TPG Capital
Welsh, Carson, Anderson & Stowe
Jack In the Box
Apollo Global Management
San Diego
Lenny Comma
Trickle-down tax plan and corporate cash hoarding debate
Big U.S. companies hold 2.6 trillion abroad and may spend it on buybacks rather than investment. The House tax overhaul would cut the corporate rate to 21 percent and allow immediate expensing of big purchases. Proponents argue investment spurs wages, while critics expect stock buybacks and dividends to rise instead.
MENTIONED IN THIS ARTICLE
New York
U.S
Conservative
Tax Foundation
House
Senate
Alpert
Marriott International
Arne Sorenson
Marriott
America
S&p 500
S&p
Chinese tiremaker selects North Carolina for major plant
A Chinese tire maker plans a $580 million Triangle Tire USA plant in Edgecombe County, expected to employ 800 and produce six million tires annually. The project could receive up to $152 million in incentives, with average wages around $56,450, and construction to begin next year in a two phase development over three years.
MENTIONED IN THIS ARTICLE
Raleigh
North Carolina
U.S
Manny Cicero
Triangle Tire USA
Triangle Tire
Triangle
Also Mentioned on This Page
Commodities Review
Washington
Trump
Donald Trump
Banking Committee
Tim Scott
South Carolina
Mike Rounds
South Dakota
Scott Garrett
New Jersey
Boeing
Airlines
Humana
Kindred Healthcare
Audi
Canada
Volkswagen Luxury
The
Associated Press
Dow
Russell
NYSE
Bernard Condon
Bureau of Engraving and Printing Western Currency
Fort Worth
Texas
Emery P. Dalesio
Money & Markets
Fave Foreign Exchange
Treasuries
SBUYS
Argent
Australia
Britain
Fed
China
Hong Kong
India
Zealand
Norway
Russia
Nyse Nasd
Singapore
Africa
Korea
Sweden
Taiwan
Morris Int
Atat Inc al N Caro
PowerShs Qqq Trust
Ber
Procter & Gamble
Stot
Prudential Net
Dan Mide
Qualcomm
Lauren Corp
Intel C . Na Nicanbil
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