Month: February 2018

Salesforce stock rose 2 percent shortly after the company reported better-than-expected earnings for the fourth quarter of its 2018 fiscal year, which ended on Jan. 31, after the bell on Wednesday. Here’s how the company did: Earnings: Excluding certain items, 35 cents in earnings per share vs. 33 cents as expected by analysts, according to
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If you’re an entrepreneur, you may qualify for a 20 percent deduction against qualified business income. This break is available to pass-through entities, including S corporations and limited liability companies. In general, to qualify for the full deduction, your taxable income must be below $157,500 if you’re single or $315,000 if you’re married and file
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Valeant Pharmaceuticals on Wednesday gave a weaker-than-expected revenue forecast for 2018, as several of its major drugs face more competition from generics. The Canada-based drugmaker’s revenue will also be pressured as the company continues selling off businesses to free up cash and reduce its debt burden of some $25 billion. Valeant has already divested its
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Reporting requirements for foreign accounts have become a high-profile issue. Last week, special counsel Robert Mueller filed a slate of charges against two former Trump campaign officials, Paul Manafort and Rick Gates. Among the allegations were charges of “failure to file reports of foreign bank and financial accounts.” After Gates pleaded guilty to conspiracy and
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However, for many people with hefty state and local tax bills, the new federal tax law gives municipal bonds some appeal. The new law caps the state and local tax deduction that can be claimed on federal returns at $10,000. For many households, that cap will outweigh any potential benefits from other changes in the
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Sherwin-Williams is deepening a decades-old relationship with Lowe’s, making it the only nationwide home center to offer Sherwin’s popular brands including Minwax, Cabot and Thompson’s Water Seal. Sherwin-Williams will continue to operate its own stores. On the day the deal was announced, Lowe’s also reported quarterly earnings that fell short as profit margins were squeezed.
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U.S. luxury homebuilder Toll Brothers reported a first-quarter profit on Tuesday that beat analysts’ estimates as it sold more homes at higher prices, sending its shares up 2 percent in premarket trading. Toll’s results underscore strong demand in the housing market despite climbing interest rates and supply constraints including higher labor and raw material costs.
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Cybersecurity company Palo Alto Networks’ quarterly revenue and profit topped Wall Street estimates and the company gave an upbeat third-quarter forecast, helped by better-than-expected growth in its product business. The company’s shares rose 5.1 percent to $178 after the bell on Monday. Revenue in the company’s product business, which includes firewall protection software Panorama, rose
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