Tag: Business
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As clock ticks, Canada and U.S seek ways to salvage NAFTA
byWASHINGTON – Talks between Canada and the United States intensified on Thursday as the two countries pushed to hammer out a deal on a revamped North American Free Trade Agreement by a Friday deadline, with both sides upbeat about the progress made so far. Despite some contentious issues still on the table, the increasingly positive […]
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VERSATEX AND AQUA-DIY CREATE HEAT-RESISTANT CELLULAR PVC COATING
byAqua-DIY D100 uses water-based bonding and heat-reflective pigments to meet demand for dark and wood-grain coatings. Cellular PVC manufacturer Versatex Building Products has partnered with Aqua-DIY, a water-based coating provider for cellular PVC, to create a coating system designed to allow wood-grain finishes and other dark color treatments to resist and reflect heat. This new […]
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Section 199A Pass-Through Deduction Proposed by Treasury
byThe Tax Cuts and Jobs Act, signed into law last December, provided qualified pass-through businesses with a 20 percent deduction, bringing the effective tax rate for those businesses down to 29.6 percent. The law established conditions that would have to be met for a company to qualify for the deduction, and it expressly excluded most […]
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Tiffany’s results trump estimates, profit outlook up
byTiffany & Co’s (TIF.N) quarterly results topped Wall Street estimates on Tuesday on strong demand for its jewelry in the Americas and China, prompting the luxury retailer to raise its full-year profit forecast. Tiffany’s shares rose 4.2 percent to $135.15 in premarket trading after the company said it expected full-year earnings per share to be […]
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Kroger Phasing Out Single-Use Plastic Bags
byThe Kroger Co. announced it will phase out single-use plastic bags and transition to reusable bags across its family of stores by 2025. Seattle-based QFC will be the company’s first retail division to phase out single-use plastic bags. The company expects QFC’s transition to be completed in 2019. “As part of our Zero Hunger | Zero […]
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US-Mexico reach NAFTA breakthrough
byThe US and Mexico have reached common ground on key trade terms as pressure mounts to complete renegotiation of the North A Details about the accord with Mexico are expected to emerge at a news conference shortly. US media reported that the two countries have agreed that 75% of a product must be made in […]
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Las Vegas Welcomes Orgill Dealers for Fall Show
byOrganizers of Orgill’s Fall Dealer Market pointed to a record-breaking number of attendees at its event in the Sands Expo and Convention Center. Orgill nation came for the deals, the networking and to generally soak in the home improvement knowledge of the three-day event. “We’re excited to see so many of our customers here in […]
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US-China trade war: China to respond ‘resolutely’
byChina will continue to hit back against the US if more tariffs are imposed, the country’s finance minster has said. In an interview with Reuters, Liu Kun said China would respond “resolutely” to the “unreasonable” US measures. On Thursday, the US imposed a second wave of tariffs on Chinese goodsworth $16bn (£12.4bn), and China immediately […]
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Fed chief Powell defends policy of gradual rate hikes
byJACKSON HOLE, Wyo. – Federal Reserve Chairman Jerome Powell on Friday defended the U.S. central bank’s push to raise interest rates as healthy for the economy and signaled more hikes were coming despite President Donald Trump’s criticism of higher borrowing costs. The Fed, which began to tighten monetary policy in 2015, has raised rates twice […]
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U.S.-China talks on trade war resume as new tariffs kick in
byBEIJING/WASHINGTON (Reuters) – The United States and China escalated their acrimonious trade war on Thursday, implementing punitive 25 percent tariffs on $16 billion worth of each other’s goods, even as mid-level officials from both sides resumed talks in Washington. The world’s two largest economies have now slapped tit-for-tat tariffs on a combined $100 billion of […]
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