State, local government budgets get brief relief from Clunkers taxes, but huge deficits remainOctober 10th, 2009 State budgets get adrenaline shot from ClunkersWASHINGTON — Struggling states and towns got a dose of badly needed money this summer from a Cash for Clunkers program that poured hundreds of millions of dollars of tax revenue into their budgets. Now, like the auto industry, recession-ravaged governments are seeing revenue fall off as car buyers take a breather from the frenzied sales of July and August.
Senate Finance Committee vote slips as lawmakers wait for cost figuresOctober 5th, 2009 Senate committee vote slipsWASHINGTON — It's going to take a little longer for the last congressional committee writing health care legislation to finish its work. Senate Finance Committee Chairman Max Baucus of Montana had hoped for a final vote by his panel on Tuesday, but a cost analysis from the Congressional Budget Office isn't ready yet.
States find demanding higher taxes from the rich during fiscal crisis can be risky businessSeptember 30th, 2009 Risky business: States tax the rich at their perilALBANY, N.Y. — This year, New York's deep-pocketed rich are being required to dig even deeper to help shore up state finances through new and higher income taxes.
Hormel 3Q profit rises 49 percent as it improves operating profit; beats analyst expectationsAugust 20th, 2009 Hormel 3Q profit rises 49 pct on lower costsAUSTIN, Minn. — Hormel Foods says its third-quarter profit rose 49 percent to beat analyst expectations.
Toyota Motor NA spent $1.4 million lobbying US government during 2nd-quarterAugust 17th, 2009 Toyota spent $1.4M lobbying in 2nd quarterNEW YORK — Toyota Motor North America Inc. spent $1.4 million in the second quarter to lobby on vehicle safety and other issues, according to a recent regulatory filing.
Only 2.5 mn of 172 mn Pakistani's pay taxesJuly 30th, 2009 ISLAMABAD - Only 2.5 million of 172 million Pakistanis pay taxes. Of them, 1.8 million are salaried and paid Rs.27.37 billion in taxes during the just ended fiscal 2008-09, the Senate was informed Thursday.
3M posts decline in 2nd-quarter profit as demand weakens, but raises 2009 earnings forecastJuly 23rd, 2009 3M 2nd-quarter profit slips as economy lagsST. PAUL, Minn. — Manufacturing conglomerate 3M Co.
Hyundai Motor says 2nd-quarter net profit rises 48 percent on China, India salesJuly 23rd, 2009 Hyundai Motor 2Q net profit rises 48 percentSEOUL, South Korea — Hyundai Motor Co. said second-quarter net profit rose 48 percent to a record high as robust sales in China and India helped it ride out the global auto slump.
Tata Motors reports a loss of $521.8 million in 2008-2009June 26th, 2009 Tata Motors suffers loss of $521.8 millionNEW DELHI — India's Tata Motors said Friday that it suffered a loss of 25.05 billion rupees ($521.8 million) after taxes in the past fiscal year as the global meltdown exacted a toll on the auto industry worldwide. The loss came after a year in which the company recorded a profit of 21.67 billion rupees ($451 million) after taxes, the company said in a statement.
H.B. Fuller sees demand and profit fall in second quarterJune 24th, 2009 H.B. Fuller profit falls in second quarterST. PAUL, Minn. — H.B. Fuller Co. on Tuesday reported that its profit and sales fell in the second quarter.
Four-wheelers flocking together: Minn. riders claim world record for longest ATV paradeJune 14th, 2009 Minn. ATVs claim world record for longest paradeSILVER BAY, Minn. — All-terrain vehicle riders who formed a parade along Minnesota's North Shore are claiming a world record for their turnout.
IRS expands new car tax break to include fees paid in 6 states with no sales taxesJune 11th, 2009 IRS adds new car break to states with no sales taxWASHINGTON — To help boost car sales, the Obama administration announced Thursday it is expanding a tax break on new car sales to six states that don't have sales taxes. The economic stimulus package enacted in February makes state and local sales and excise taxes on new cars purchased this year tax deductible.
Obama budget proposes $58 billion in tax measures to offset errors in revenue projectionsMay 11th, 2009 Obama wants $58 billion in taxes to offset errorsWASHINGTON — The Obama administration on Monday proposed $58 billion in additional taxes to offset budgeting errors that overstated revenues in the president's plan to finance health care reform. The tax measures target a host of activities, including people who for tax purposes aggressively reduce the value of property received as gifts or in estates.
InVentiv Health says profit decreased 2 percent as communications revenue fell 20 percentMay 8th, 2009 InVentiv 1Q profit slips on communications revenueSOMERSET, N.J. — InVentiv Health Inc., which provides services for the pharmaceutical and life sciences industries, said Friday its profit slipped 2 percent in the first quarter due to falling demand for its communications business.
Karnataka revenue declines by 50 percent for FY 2009February 21st, 2009 BANGALORE - The economic slowdown has severely impacted Karnataka, resulting in a steep 50 percent decline in its revenue surplus as against the budget estimates for this fiscal 2008-09 (FY 2009). 'The revised estimate of revenue surplus is Rs.767 crore (Rs.7.67 billion) as against the budget estimates of Rs.1,527 crore (Rs.15.27 billion) for 2008-09, which is a decline of 50 percent,' Chief Minister B.S.
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