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Business News Updates
Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business.
A lawyer for bankrupt crypto lending firm Genesis is optimistic the firm can resolve its creditor disputes as early as this week and the company could come out of Chapter 11 proceedings by late May.Genesis’ lawyer Sean O'Neal made the…
Offshore Oil And Gas Is Back, Baby
At last week’s World Economic Forum gathering in Davos, several speakers had harsh words for the oil and gas industry, including UN head Antonio Guterres and the IEA’s chief Fatih Birol. Their message was clear: we need to…
‘A real estate bottom?’ More homebuyers jump back in as the year kicks off
Real estate agents confirm what housing data is starting to show: More homebuyers are emerging from their self-imposed hibernation.The volume of mortgage applications for home purchases rose 25% week over week, the Mortgage Bankers…
Mexico’s former safety chief goes on trial in US drug case
Comment on this storyCommentNEW YORK — Shielded by anonymity and extra security, jurors got their first look Monday at a rare U.S. trial of a former cabinet-level Mexican official charged with taking bribes to aid drug traffickers he was…
Wall Street extends rally, powered by tech bounce
Baker Hughes falls on missing Q4 profit estimatesActivist investor Elliott Management takes stake in SalesforceChips surge on Barclay's upgradeIndexes up: Dow 0.76%, S&P 1.19%, Nasdaq 2.01%NEW YORK, Jan 23 (Reuters) - Wall Street…
New York, California suffer biggest blow as more Americans flee to low-tax states
"This population shift paints a clear picture," said Janelle Fritts, a policy analyst at the Tax Foundation. "People left high-tax, high-cost states for lower-tax, lower-cost alternatives."Among the bottom third, five states –!-->>…
Juarez to set up Indigenous peoples’ market
Mayor hopes open-air locale near Paso del Norte international bridge brings in tourism
JUAREZ, Mexico (Border Report) – The City of Juarez has taken the first steps to make its Downtown area more visitor friendly.
It…
Bankrupt lender Genesis seeks mediator if creditor deal isn’t struck this week
Crypto lender Genesis filed for bankruptcy last Thursday, but its lawyers have been in negotiations with creditors and its largest borrower — parent company Digital Currency Group (DCG) — for more than two months.And in bankruptcy court…
Primaya, Forex-3D link claim
Activist lawyer Achariya Ruangrattanapong on Monday lodged a complaint with the Central Investigation Bureau (CIB) to probe whether there are any links between the Primaya Ponzi scheme and the Forex-3D scam.Mr…