Business > Politics and Government

For Public Company Accountants, New Tax Law Is More A Nightmare Than A Bonanza

8 monthes ago   |   By

President Trump could have given accountants breathing room had he signed the tax bill after December 31, so that there would have been no effects on deferred tax assets or liabilities for tax year 2017. But he didn't.
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Trump Saluted a North Korean General, Setting Off a Debate

8 monthes ago   |   By

North Korea aired video on state television on Thursday that shows President Trump greeting a North Korean general with a salute.
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Bill to create Jamaican Bobsled Team license plate approved

8 monthes ago   |   By

The New York Legislature has approved a measure that would allow the state to issue special Jamaican Bobsled Team license plates
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New York AG Accuses Trump Foundation of “Extensive and Persistent” Law-Breaking

8 monthes ago   |   By

Donald Trump's personal charity amounted to little more than a personal piggy bank he could use for his own financial and political gain, according to a lawsuit filed by the New York state attorney general after a two-year investigation.
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New York attorney general sues Trump Foundation over self-dealing

8 monthes ago   |   By

NEW YORK - The New York state attorney general's office filed a scathingly worded lawsuit Thursday taking aim at the Donald J. Trump Foundation, accusing the charity and the Trump family of sweeping violations of campaign finance laws, self-dealing and illegal coordination with the presidential campaign.
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New York State Sues Trump Foundation For Misusing Funds

8 monthes ago   |   By

NEW YORK - A lawsuit filed by New York's attorney general Thursday said President Donald Trump used his charitable foundation to settle personal business disputes and bolster his political image with donations directed by his staff.
The Donald J. Trump Foundation “was little more than a checkbook for payments from Mr. Trump or his businesses to nonprofits, regardless of their purpose or legality,” Democratic Attorney General Barbara Underwood said as she sued to dissolve the foundation and seek $2.8 million in restitution.
The lawsuit says the foundation illegally helped support the...
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How Trump allegedly used his nonprofit to support his presidential bid

8 monthes ago   |   By

In several events before the Iowa caucuses, Trump used his foundation to boost his candidacy.
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Trump Foundation Accused of Violating Charity Law

8 monthes ago   |   By

President Donald Trump's charitable foundation has persistently broken state and federal laws with improper political activity, self-dealing and failing to follow basic fiduciary obligations, New York said in a lawsuit.
Attorney General Barbara Underwood sued to dissolve the Donald J. Trump Foundation and block its board members from serving on any not-for-profit organization authorized by New York law.
“The Foundation was little more than a checkbook for payments to not-for-profits from Mr. Trump or the Trump Organization," according to the complaint filed in New York state court...
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New York sues President Trump's charitable foundation

8 monthes ago   |   By

NEW YORK - A lawsuit filed by New York's attorney general Thursday said President Donald Trump used his charitable foundation to settle personal business disputes and bolster his political image with donations directed by his staff. The Donald J. Trump Foundation "was little more than a checkbook for payments from Mr. Trump or his businesses to nonprofits, regardless of their purpose or legality," Democratic Attorney General Barbara Underwood said as she sued to dissolve the foundation and seek $2.8 million in restitution.
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New York sues Trump Foundation, alleging illegal activity

8 monthes ago   |   By

The lawsuit seeks $2.8 million in restitution, and additional penalties.
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New York State sues Trump Foundation for allegedly breaking state and federal law

New York State sues Trump Foundation for allegedly breaking state and federal law

8 monthes ago   |   By

New York Attorney General Barbara Underwood filed suit on Thursday against the Donald J. Trump Foundation, the nonprofit organization founded and presided over by President Trump and his family.
Ostensibly a charitable organization, the suit alleges that the foundation served as a de facto checkbook for Donald Trump for decades, doling out money to settle his legal disputes, purchase lavish gifts, and otherwise enrich the Trump family. The suit names Donald Trump, three of his children - Donald Trump Jr., Eric Trump, and White House adviser Ivanka Trump - and the rest of the Trump...
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A Vietnamese barber shop right next to Trump and Kim Jong Un's next summit...

A Vietnamese barber shop right next to Trump and Kim Jong Un's next summit is offering free Trump and Kim-style haircuts

A barber shop in Hanoi, Vietnam, is offering free haircuts in the styles of US Donald Trump and North Korean leader Kim Jong Un as the city prepares for their summit in the... Read more ...

Southwest has blamed an 'unprecedented' number of canceled flights on a...

Southwest has blamed an 'unprecedented' number of canceled flights on a mechanics union - and the stock is tanking

Southwest Airlines on Wednesday blasted its mechanics union for hundreds of cancellations. The union hit back, accusing the carrier of scapegoating. Also on Wednesday... Read more ...

Alexandria Ocasio-Cortez and other progressives slam CNN for hiring an...

Alexandria Ocasio-Cortez and other progressives slam CNN for hiring an ex-Trump administration spokesperson to direct political coverage

Rep. Alexandria Ocasio-Cortez joined a growing chorus of progressives and others who criticized CNN after news broke Tuesday that the network hired GOP operative Sarah Isgur to... Read more ...

In Garlic Capital, Tariffs And Immigration Crackdown Have Mixed Impacts

In Garlic Capital, Tariffs And Immigration Crackdown Have Mixed Impacts

Gilroy, Calif., is known as the garlic capital of the world. Two Trump administration policies - one on trade, the other on immigration - are affecting the town in starkly... Read more ...

Deutsche Bank reportedly planned to extend the dates of $340 million in...

Deutsche Bank reportedly planned to extend the dates of $340 million in loans to Trump Organization to avoid a potential nightmare of chasing a sitting president for cash

Deutsche Bank considered restructuring $340 million of loans to the Trump Organization over fears it could default while President Trump was still in office, Bloomberg reported... Read more ...

Bernie Sanders tops day-one money race with $4M haul - more than double...

Bernie Sanders tops day-one money race with $4M haul - more than double Kamala Harris' funds

Senator Bernie Sanders, the self-described democratic socialist who gained a national following when he challenged Hillary Clinton for the 2016 Democratic presidential... Read more ...

Mojio raises $40 million to monetize connected car data

Mojio raises $40 million to monetize connected car data

Mojio has closed a $40 million round of funding to help carmakers and mobile networks monetize connected car data, in what could become a $750B industry. Read more ...

Armorblox raises $16.5 million for NLP that secures human communication

Armorblox raises $16.5 million for NLP that secures human communication

Armorblox, which emerged from stealth with $16.5 million in funding, uses natural language processing to detect and protect against cyberattacks. Read more ...

Poll: Majority opposes Trump emergency declaration for building border wall

Poll: Majority opposes Trump emergency declaration for building border wall

A majority of voters oppose President Donald Trump's decision to declare a national emergency along the U.S.-Mexico border for the purpose of letting his administration shift... Read more ...

The 2020 liberal that bankers could stomach

The 2020 liberal that bankers could stomach

In the Senate, Sherrod Brown is known as a scourge of Wall Street. But in a Democratic presidential primary with fellow Sens. Bernie Sanders and Elizabeth Warren thundering... Read more ...