Business > Politics and Government

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

5 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

5 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

5 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

5 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

5 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

5 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

5 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

5 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

5 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

5 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

5 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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David's Bridal files for bankruptcy, says company will stay open for business

David's Bridal files for bankruptcy, says company will stay open for business

Another bridal store has filed for bankruptcy, but assures customers the company says it will remain open for business. Read more ...

Trump stands by Saudi Crown Prince Mohammed bin Salman even after CIA's...

Trump stands by Saudi Crown Prince Mohammed bin Salman even after CIA's finding on Khashoggi killing, following a long pattern of believing allies despite evidence

President Donald Trump has so far stood by Crown Prince Mohammed bin Salman despite damning allegations he ordered the killing of Jamal Khashoggi in early October. Trump's... Read more ...

Democrats did something virtually unprecedented in the 2018 midterms, and it...

Democrats did something virtually unprecedented in the 2018 midterms, and it says a lot about Trump's unpopularity

Democrats received roughly 60 million votes for the House in the 2018 midterms, which is roughly equivalent to the number of votes President Donald Trump received in the 2016... Read more ...

Nissan Chairman Ousted Amid Investigation Over Financial Misconduct

Nissan Chairman Ousted Amid Investigation Over Financial Misconduct

Carlos Ghosn, who also chairs Renault and Mitsubishi, is widely admired for saving Nissan from bankruptcy nearly 20 years ago. Now he has been accused of underreporting income... Read more ...

Google Chromecast can now sync music with Home speakers

Google Chromecast can now sync music with Home speakers

Chromecast that plug into televisions can now be part of audio groups that include Home speakers to play music, podcasts, or audiobooks. Read more ...

The 5 Best Tech Stocks to Buy for 2019-When Facebook and Google Are Cheap

The 5 Best Tech Stocks to Buy for 2019-When Facebook and Google Are Cheap

Even market darlings eventually lose their luster. Tech stocks from social networking giants to chipmakers have taken a beating in recent months-punished for privacy and... Read more ...

From Washington to London, calls grow louder for immediate action on climate...

From Washington to London, calls grow louder for immediate action on climate change

The United Nations' report on climate change, released in early October, served as a wake-up call to people around the world about the perils of climate change - even to... Read more ...

CNN fires back in court after the White House sends Jim Acosta a letter...

CNN fires back in court after the White House sends Jim Acosta a letter saying it's going to revoke his press pass again

The White House took away CNN reporter Jim Acosta's hard press pass after he got into a heated exchange with President Donald Trump at a press conference on November 7. Last... Read more ...

Andrew Cuomo claims media is bashing the Amazon HQ2 deal because they...

Andrew Cuomo claims media is bashing the Amazon HQ2 deal because they compete with the Jeff Bezos-owned Washington Post

New York Gov. Andrew Cuomo released an op-ed Monday defending the state's deal to lure Amazon's HQ2 to New York City. The state gave more than than $1.5 billion in tax... Read more ...

Democrats file lawsuit against Trump over Whitaker, accuse president of...

Democrats file lawsuit against Trump over Whitaker, accuse president of violating Constitution

Several top Democratic senators on Monday filed a lawsuit against President Donald Trump in a federal court in Washington, DC, over the appointment of acting Attorney General... Read more ...