Less than three months remain until the maximum rate of 15 percent on long-term gains rises to 20 percent unless Congress extends the Bush-era tax cuts. On top of that, the health care reform package imposes a new 3.8 percent Medicare tax on the investment income of high-income earners.
CLEVELAND-- TransDigm Group Inc. said Wednesday it has asked lenders to increase its credit facility so that it can pay its shareholders a special dividend. The Cleveland- based aircraft parts maker said it is considering paying between $400 and $850 million to shareholders before the end of the year, using funds from the possible new debt financing.
COLUMBUS, Ohio-- The casino set to open Monday in Ohio's capital is testing its operations with an invitation-only demonstration day. The $400 million Hollywood Casino Columbus says proceeds from Wednesday's games will go to five local nonprofit organizations.
WASHINGTON-- In a story Sept. 28 about a presidential decision to block a Chinese company's business deal in Oregon over national security concerns, The Associated Press erroneously cited when another Chinese firm, Huawei Technologies, had abandoned plans for its purchase of a U.S. computer company, 3 Leaf Systems.
COLUMBUS, Ohio-- As casinos begin to open around Ohio, Tom Leksan provides a cautionary tale.
CLEVELAND-- A former fugitive suspected of running a $100 million cross-country scam collecting donations for Navy veterans has been identified as a Harvard- trained attorney wanted on unrelated fraud charges since 1987, authorities said Monday.
Sports fans hold strong opinions about basketball salaries, but economics professor David Berri developed a statistical method to see which players are the most overpaid.
Who are some professional athlete fathers whose sons followed in their footsteps? Find out!
Check out our list of rookie athletes who received huge paydays to play for major league teams!
Banks have tried everything to get the glut of vacant homes on the market under control, including flat-out giving them away. But when that doesn't work, what do you do? Rev up the bulldozer.