June 19, 2002 |
WASHINGTON -- A Senate panel voted Tuesday to deny tax breaks sought by U.S. firms that change their legal addresses to offshore tax havens such as Bermuda. The Senate Finance Committee approved by voice vote a bill that would, for tax purposes, treat companies that move as if they never left. It's the first action by Congress to stop more such moves, which companies such as Leucadia National Corp. and Stanley Works have said would reduce their taxes to the level of their foreign competitors.
October 29, 1996 |
Sexy it's not. Drilling for oil is a hard, dirty, dangerous and low-profile endeavor, and the mundane names of drilling companies seldom make headlines. Yet their stockholders couldn't be happier. The oil-drilling sector has been the stock market's biggest gusher in 1996, thanks to rising prices for crude oil and--pardon the economic jargon--a tight supply-and-demand trend that's swelling the companies' profits.
June 9, 1998 |
Say it isn't so, Marty! That was my reaction when, scanning the pages of the Value Line Mutual Fund Survey a few months ago, I came across the shocking news that Martin J. Whitman--the founder, manager and CEO of Third Avenue Value, one of America's best-performing (and coolest) mutual funds and an icon to buy-and-hold value-hunters around the globe--had moved 45% of his assets out of stocks and into cash and short-term Treasury bonds. Had Marty become a market-timer?
November 26, 2000 |
This country was the model student of the International Monetary Fund, praised around the world for bouncing back so quickly from the Asian economic crisis of 1997. Now it is in danger of flunking out of school. The reason can be divined here at Hanbo Iron & Steel Co.'s sprawling Dangjin Works complex, where a steady stream of 16-wheel trucks loaded with steel bar and coil head for the highway and the South Korean economy.