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Pressure for 2020 as U.S. companies report end of weak profit year

January 12, 2020 admin Comments Off on Pressure for 2020 as U.S. companies report end of weak profit year

NEW YORK/SAN FRANCISCO (Reuters) – As major U.S. corporations prepare to close the books on a lackluster year of profit growth, they may need to shore up confidence that 2020 will show significant improvement to keep the stock market’s rally going. Wall Street surged to record highs last week, partly reflecting growing hopes for a resolution to U.S. President Donald Trump’s tariff war with China. Investors are anxious to find out whether that will bolster the case for a pickup in earnings growth after the S&P 500’s 29% gain in 2019 occurred despite anemic profit growth in …read more […]

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As Amazon.com flexes its muscle, Seattle moves to curb corporate political donations

January 12, 2020 admin Comments Off on As Amazon.com flexes its muscle, Seattle moves to curb corporate political donations

Seattle, the Pacific Northwest city where home-grown online retailer Amazon.com has increasingly flexed its political muscle, is expected to approve on Monday legislation banning political contributions by companies with at least 5% foreign ownership. A six-member committee of Seattle City Council has already unanimously approved the measure, making it almost certain that the full nine-member council will pass it on Monday. Amazon, Seattle’s largest employer, donated a record $1.5 million to back a slate of pro-business candidates in the November council elections – a campaign that was largely unsuccessful. …read more […]