News

Tax

Senators Propose Corporate Minimum Tax

“A minimum corporate tax would stop the giants from paying $0 in taxes after raking in massive profits," Sen. Elizabeth Warren says.

Matthew Heller
October 27, 2021
Risk Management

U.S. Insurance Pricing Rises 14% in Q3

The increase reflected a 96% surge in cyber insurance pricing due to increased frequency and severity of losses.
People

AIG Names Shane Fitzsimons as New CFO

The native of Ireland is "a seasoned finance and operations executive with a strong track record of success."
Health Benefits

Employer Group Launches Its Own PBM

EmsanaRx aims to address “the lack of accountability of the PBM industry to its employer clients."
Strategy

Tesla to Move HQ From California to Texas

The automaker is following the lead of Silicon Valley companies like Hewlett Packard Enterprise and Oracle.
Tax

Amazon Reaps Record $669M in Tax Breaks

The payout from local and state governments "came despite an uncertain economy and complaints about Amazon's working conditions."
Credit

McConnell Offer Appears to Lift Debt Stalemate

“We are willing to take this offer in order to stave off fiscal ruin,” a Democratic senator says.
The Economy

U.S. Adds Only 194,000 Jobs in September

“Employment is slowing when it should be picking up because we’re still on the course set by the virus."
The Economy

IMF Sees Inflation Easing, Upside Risks

Given the “uncharted nature” of the recovery from the coronavirus pandemic, “considerable uncertainty remains," the fund warns.
Fraud

Hemp Startup Founders Accused of Stock Fraud

The SEC says the two founders of CanaFarma Hemp Products raised $15 million by making false statements about the "farm to table" company.
Social Media

Massive Outage Dents Facebook Shares, Revenue

Facebook, Instagram, and WhatsApp went dark in what website monitoring group Downdetector said was the largest such failure it had ever seen.
M&A

Sun Life Boosts U.S. Business With DentaQuest Buy

The $2.48 billion deal will position Sun Life as a leader in providing publicly-funded dental benefits in the U.S.
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