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.