Business > Politics and Government

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

3 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

3 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

3 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

3 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

3 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

3 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

3 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

3 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

3 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

3 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

3 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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Trump asks about conditions in area near one of his golf courses while...

Trump asks about conditions in area near one of his golf courses while surveying Hurricane Florence damage in North Carolina

When President Donald Trump arrived in North Carolina on Wednesday to survey the damage from Hurricane Florence, he seemed to be particularly interested in the conditions near... Read more ...

Jack Ma said Trump's trade war with China will wreck Alibaba's plans to add...

Jack Ma said Trump's trade war with China will wreck Alibaba's plans to add 1 million US jobs

Alibaba chairman Jack Ma said that the US-China trade war will wreck the company's pledge to help create 1 million US jobs. The comment, made in an interview with Chinese media... Read more ...

Sony announces the PlayStation Classic micro console

Sony announces the PlayStation Classic micro console

Sony announced today that it will release the PlayStation Classic micro console on December 3. It will cost $100 and come loaded with 20 games. Nintendo found big success when... Read more ...

Gary Cohn, Trump's former top economic adviser, was reportedly approached by...

Gary Cohn, Trump's former top economic adviser, was reportedly approached by Wells Fargo board members about becoming the bank's CEO

Wells Fargo board members approached Gary Cohn about becoming the bank's CEO soon after he stepped down as President Donald Trump's top economic adviser, according to the New... Read more ...

Man who stabbed brother to death for refusing to give him money for opioids...

Man who stabbed brother to death for refusing to give him money for opioids is sentenced

A 32-year-old man who fatally stabbed his brother for refusing to loan him money to buy hydrocodone has pleaded guilty and been sentenced. Read more ...

Trump's newest strike in the trade war with China will catch US consumers in...

Trump's newest strike in the trade war with China will catch US consumers in the crossfire

President Donald Trump's newest round of tariffs on $200 billion worth of Chinese goods adds a new element to the trade war. For the first time, consumer goods are going to be... Read more ...

The EU is now going after Amazon after slapping Google and Apple with giant...

The EU is now going after Amazon after slapping Google and Apple with giant fines

EU Commissioner Margrethe Vestager said on Wednesday that the EU has started a preliminary investigation into Amazon's over potential antitrust violations. She said concerns... Read more ...

Anita Hill says senators should 'push the pause button' on Kavanaugh's...

Anita Hill says senators should 'push the pause button' on Kavanaugh's confirmation to investigate Christine Blasey Ford's sexual assault claim

Anita Hill appeared on "Good Morning America Wednesday" morning to discuss Brett Kavanaugh. Kavanaugh's Supreme Court confirmation hit a wall last week when a woman came foward... Read more ...

The loss of a Russian plane in Syria reveals how Putin is strangely...

The loss of a Russian plane in Syria reveals how Putin is strangely powerless to protect his own troops

Russia's ally Syria shot down one of its planes on Tuesday, and it exposes how Russian President Vladimir Putin is strangely powerless to protect his own people or do much more... Read more ...

Red Dead Online will launch as a public beta for PS4 and Xbox One in November

Red Dead Online will launch as a public beta for PS4 and Xbox One in November

Rockstar Games announced that Red Dead Online, a new online connected experience set against the backdrop of Red Dead Redemption 2‘s enormous open world, will debut in November... Read more ...