Corporate taxes

In this Thursday, Jan. 26, 2017, photo, a CSX freight train passes through through Homestead, Pa. CSX Corp. reports earnings Tuesday, Jan. 16, 2018. (AP Photo/Gene J. Puskar)
January 16, 2018 - 6:24 pm
OMAHA, Neb. (AP) — CSX Corp. reported Tuesday that its fourth-quarter profit grew 25 percent as it further cut expenses, and on top of it the railroad booked a $3.6 billion benefit from the corporate tax cut Congress approved last year. The Jacksonville, Florida-based railroad said Tuesday that if...
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FILE - This Tuesday, Oct. 16, 2012, file photo, shows a portion of the UnitedHealth Group Inc.'s campus in Minnetonka, Minn. UnitedHealth Group Inc. reports earnings Tuesday, Jan. 16, 2018. (AP Photo/Jim Mone, File)
January 16, 2018 - 8:24 am
UnitedHealth Group's earnings more than doubled in the final quarter of 2017, and the nation's largest insurer hiked its forecast well beyond expectations largely due to help from the federal tax overhaul. UnitedHealth said Tuesday that it added $1.2 billion in 2017 non-cash earnings, as its fourth...
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This photo combo of file images shows signage at branches of Wells Fargo and Chase banks in New York. On Friday, Jan. 12, 2018, Wells Fargo and JPMorgan Chase indicated that they expect to see significant future benefits from the recently enacted GOP tax bill, through both lower taxes and increased business. (AP Photo/CX Matiash, Frank Franklin II)
January 12, 2018 - 4:13 pm
NEW YORK (AP) — Two of the nation's biggest banks — JPMorgan Chase and Wells Fargo — indicated Friday that they expect to see significant future benefits from the recently enacted GOP tax bill, through both lower taxes and increased business. The comments came as the two companies reported their...
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FILE - In this Monday, Oct. 21, 2013, file photo, the JPMorgan Chase & Co. logo is displayed at their headquarters in New York. JPMorgan Chase & Co. reports earnings, Friday, Jan. 12, 2018. (AP Photo/Seth Wenig, File)
January 12, 2018 - 7:45 am
NEW YORK (AP) — JPMorgan Chase & Co. said its fourth-quarter results fell 37 percent from a year ago, as the bank took a significant one-time charge to its results due to the recently passed Trump tax bill. JPMorgan said Friday it earned $4.23 billion in the fourth quarter, or $1.07 a share,...
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January 10, 2018 - 12:13 pm
ALBANY, N.Y. (AP) — Attorneys general, consumer advocates and regulators in more than a dozen states are asking the Federal Energy Regulatory Commission to ensure that utility customers also benefit from windfalls utilities will reap from corporate tax cuts included in the federal tax overhaul. In...
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FILE - This Tuesday, Oct. 25, 2016, file photo shows the New York Stock Exchange in Lower Manhattan. Another month of strong hiring in the U.S. and improved manufacturing in Europe have stocks climbing early Thursday, Jan. 4, 2018, as the Dow Jones industrial average trades above 25,000 points for the first time. (AP Photo/Mary Altaffer, File)
January 04, 2018 - 3:53 pm
NEW YORK (AP) — The Dow Jones industrial average burst through the 25,000 point mark Thursday, just five weeks after its first close above 24,000. The Dow broke passed 1,000-point barriers in 2017 on its way to a 25 percent gain for the year, as an eight-year rally since the Great Recession...
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FILE - In this Dec. 13, 2016, file photo, the logo for Goldman Sachs appears above a trading post on the floor of the New York Stock Exchange. Goldman Sachs is expecting a $5 billion hit to profits during the fourth quarter because of the tax overhaul recently signed into law. The New York bank said Friday, Dec. 29, 2017, that two thirds of the $5 billion are due to changes in repatriation taxes, when funds are returned from overseas. (AP Photo/Richard Drew, File)
December 29, 2017 - 10:43 am
NEW YORK (AP) — Goldman Sachs expects to take a $5 billion hit to profits for the fourth quarter and year because of the tax overhaul signed into law last week. As a result, the New York bank will likely report a loss for the last quarter of 2017. But Goldman and other banks will be among the...
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FILE - This Dec. 11, 2013, file photo, shows a beer at a microbrewery in Birmingham, Ala. Craft breweries are raising a glass to the Republicans’ new tax overhaul: It cuts the excise tax on beer. (AP Photo/Dave Martin, File)
December 26, 2017 - 11:23 am
WASHINGTON (AP) — Craft breweries are raising a glass to the Republicans' new tax overhaul: It cuts the excise tax on beer. Retailers, long saddled with heavy tax bills, will get relief. So will some high-profile names in corporate finance, led by Wells Fargo. The tax measure that President Donald...
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FILE - In this Dec. 7, 2016 file photo, AT&T Chairman and CEO Randall Stephenson listens on Capitol Hill in Washington, while testifying before a Senate Judiciary subcommittee hearing on the proposed merger between AT&T and Time Warner. After an exchange between AT&T's CEO and a union representing its workers, the company says it took steps to pay workers a $1,000 bonus in response to President Donald Trump's tax cuts. The Communications Workers of America had pushed AT&T last month to guarantee workers would receive the $4,000 raise that White House economists said would be the result of the corporate tax cuts. (AP Photo/Evan Vucci, File)
December 21, 2017 - 5:00 pm
WASHINGTON (AP) — After an exchange between AT&T's CEO and a union representing its workers, the company said it took steps to pay workers a $1,000 bonus in response to President Donald Trump's tax cuts. The announcement by the company Wednesday had raised questions about whether it was...
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FILE - In this Oct. 2, 2014, file photo, the statue of George Washington on the steps of Federal Hall faces the facade of the New York Stock Exchange. Stocks are opening broadly higher on Wall Street, Wednesday, Dec. 20, 2017, led by gains in banks and industrial companies. (AP Photo/Richard Drew, File)
December 20, 2017 - 12:18 pm
NEW YORK (AP) — U.S. stocks are mixed in midday trading Wednesday after the Senate passed a bill that would cut corporate taxes. The House is expected to approve the measure in the afternoon. Stocks have climbed in anticipation of the bill's passage. Smaller companies are doing better than the rest...
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