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  • Dec 18- The U.S. Congress is expected to vote this week on sweeping, debt-financed tax legislation. CORPORATE TAX RATE: Cuts corporate income tax rate to 21 percent from 35 percent, beginning Jan. 1, 2018. PASS-THROUGHS: Creates a 20 percent deduction for the first $315,000 of qualified business income for joint filers of pass-through businesses such as...

  • Dec 18- The U.S. Congress is expected to vote this week on sweeping, debt-financed tax legislation. CORPORATE TAX RATE: Cuts corporate income tax rate to 21 percent from 35 percent, beginning Jan. 1, 2018. PASS-THROUGHS: Creates a 20 percent deduction for the first $315,000 of qualified business income for joint filers of pass-through businesses such as...

  • Dec 18- The U.S. Congress is expected to vote this week on sweeping, debt-financed tax legislation. CORPORATE TAX RATE: Cuts corporate income tax rate to 21 percent from 35 percent, beginning Jan. 1, 2018. PASS-THROUGHS: Creates a 20 percent deduction for the first $315,000 of qualified business income for joint filers of pass-through businesses such as...

  • WASHINGTON, Dec 18- Moscow- based anti-virus company Kaspersky Lab sued the Trump administration in U.S. federal court on Monday, arguing that the American government has deprived it of due process rights by banning its software from U.S. government agencies. The lawsuit is the latest effort by Kaspersky Lab to push back on allegations that the company is...

  • CHICAGO, Dec 18- U.S. soybean futures slumped to three-month lows on Monday as rain in Argentina eased concerns that farmers would scale back planting in the third largest soybean exporting country and largest soy product supplier. "Near term rains in Argentina are the focus today," said Rich Nelson, chief strategist for Allendale Inc.. "The market is also...

  • WASHINGTON, Dec 18- Moscow- based antivirus firm Kaspersky Lab sued the Trump administration in U.S. federal court on Monday, arguing that the American government has deprived it of due process rights by banning its software from U.S. government agencies.

  • OTTAWA, Dec 18- Boeing Co's allegation that future imports of Bombardier Inc aircraft threaten material injury is based on speculation that is prohibited under U.S. and international trade law, Canada's ambassador to the United States said on Monday. In his statement before the U.S. International Trade Commission, Ambassador David MacNaughton said that...

  • *Merger Monday sees deals worth over $11 bln signed so far. *Amplify Brand jumps after Hershey's $1.6 bln buyout offer. More Republicans said on Sunday they expected Congress to pass the tax bill this week, with a Senate vote set for Tuesday and President Donald Trump expected to sign the bill into law by the end of the week.

  • FEDERAL COURT APPEALING TRUMP ADMINISTRATION BAN ON MOSCOW- BASED FIRM'S SOFTWARE USE IN GOVERNMENT NETWORKS.

  • BOSTON, Dec 18- The top securities regulator in Massachusetts on Monday said he has opened an investigation of MetLife Inc after the insurer revealed last week it had failed to pay pensions to potentially thousands of people. "Retirees cannot afford to have glitches with their pension checks," Massachusetts Secretary of the Commonwealth William Galvin said in...

  • LAGOS, Dec 18- A major Nigerian oil union suspended a nationwide strike on Monday, the same day it began, after a dispute resolution ended with a domestic oil and gas company recalling laid off staff, the union's president said. "Management agreed to unconditionally recall the sacked staff and take steps to allow their employees to be members of the union," Francis...

  • BUENOS AIRES, Argentina— Clashes between police and demonstrators have erupted outside Argentina's Congress as lawmakers debate a controversial pension reform measure. Argentina's largest union began a 24- hour general strike at noon Monday to protest the bill. It is part of a series of economic changes pushed by the government of President Mauricio Macri...

  • WASHINGTON, Dec 18- Boeing Co and Bombardier Inc battled on Monday over the U.S. planemaker's claim that its Canadian rival used billions of dollars in illegal government subsidies and dumped its newest jetliner in the United States below cost. Canada's ambassador to the United States, David MacNaughton, warned that a positive finding of material harm to...

  • BRUSSELS, Dec 18- France's data privacy watchdog may fine messaging app WhatsApp if it does not comply with an order to bring its sharing of user data with parent company Facebook into line with French privacy law. The French data protection authority- CNIL- said on Monday it had told WhatsApp to comply with the order within one month, and pay particular attention...

  • BRUSSELS, Dec 18- EU competition regulators will investigate whether Swedish furniture retailer Ikea's tax arrangements with the Netherlands which cut its tax bill in a way which amounted to state aid, as the authorities seek to crack down on unfair tax deals between multinationals and EU countries. The European Commission said on Monday it was looking into...

  • SAN FRANCISCO, Dec 18- Twitter Inc said on Monday it would begin issuing a warning before a user can see pictures with Nazi swastikas and other items it determines are hateful imagery, as well as prohibit their use in any profile photos on its social media network. Twitter suspended an unknown number of accounts on Monday, including one belonging to Jayda Fransen,...

  • NIGERIAN OIL UNION PENGASSAN SUSPENDS NATIONWIDE STRIKE- UNION PRESIDENT.

  • The trend has been gaining traction as the companies that operate malls look for ways to keep people coming in at a time when Macy's, Sears and other big department store chains have shuttered hundreds of stores and consumers increasingly opt to shop online. "The mix of uses at our malls is changing," said Stephen Lebovitz, CEO of mall owner CBL Properties.

  • SOCHI, Russia, Dec 18- A global deal to cut oil production could be extended beyond 2018, Pavel Fedorov, first vice-president of Russia's largest oil producer Rosneft said on Monday, presenting the company's strategy through to 2022.. The Organization of the Petroleum Exporting Countries and other large oil producers led by Russia agreed last month to extend...

  • NEW YORK, Dec 18- Oil prices edged higher on Monday, supported by a North Sea pipeline outage and a workers' strike in the Nigerian energy industry. were up 27 cents at $63.50 a barrel at 11:45 a.m. EST. "The Forties pipeline outage is continuing to be supportive of the market," said John Kilduff, partner at Again Capital.