U.S. patent box… The United States has a rich history of encouraging and safeguarding research and development (R&D) activities. In 1981, for example, we became the first nation to realize the importance of spurring R&D through the implementation of a tax credit applied toward such activity.
As a result, the country experienced an R&D “stimulus,” leading to robust innovation and growth in sectors across the economy such as computing, healthcare, and agriculture. Read article.
Goodwill valuation costs… To cut the cost of calculating goodwill impairment after a merger, the Financial Accounting Standards Board is proposing to remove a key step in how public companies gauge the fair value of an acquired unit.
Under a proposed accounting standard update issued last week, FASB would eliminate the second of two steps companies must now take to figure out if the fair value of an acquisition has been impaired — and if so, by how much. Read article.
A 17% gain in revenue from the security business helped offset weak demand for Cisco’s network and routing systems in the third quarter.
Thanks to tactical changes, the retailing giant is growing revenues in a very competitive environment.
It may be wise to give favored tax treatment to intellectual property in exchange for keeping it domestic, even without corporate tax reform.
Companies wouldn’t have to calculate the assets and liabilities of acquired units, according to FASB’s goodwill proposal.
Oil services firms FMC Technologies and Technip will merge in an all-stock transaction.
Pro golfer Phil Mickelson was not charged but agreed to pay back the profits on the trades he made.
‘Connecticut has less flexibility to meet unanticipated revenue shortfalls,’ said Standard & Poor’s.
Donald Trump’s proposed tariffs on China, Mexico, and Japan would cost each U.S. household thousands of dollars, finds one study.
Merkle, Morris Publishing, WSFS Financial, Houlihan’s Restaurants, Metabiota, Zendesk, Benefitfocus, Liberty Property Trust, Bunge, Extreme Networks
The Gap announced it was closing 75 stores, including Old Navy Japan, as sales continue to plunge and profits dwindle.
Cash holdings were up 1.8% from the year prior, with the technology sector accounting for a record 46% of total cash in 2015.
Institutional investors lean on retailers to disclose people metrics and plan to take on other industries. But how useful will the information prove to be?
“Despite the popularity and broad success of these funds, their history is not without some turbulence,” SEC Chair Mary Jo White says.
The layoffs are another sign of upheaval in the online lending sector as investors have turned negative on funding firms.
The healthcare IT provider says Matus resigned in response to its separation of her two primary areas of responsibility.