Earnings season rolls onward after the close this afternoon, with Cisco Systems Inc. (CSCO), the Dow Jones Industrial Average's networking behemoth, stepping up to the plate. Heading into the release, analysts are expecting a first-quarter profit of 39 cents per share from Cisco, an 8% improvement over the same quarter last year. Revenue is seen coming in at about $11.03 billion. read »
Occupy Wall Street and its various local franchises may not exactly be media darlings. But if you sympathize with the movement and want to donate money, you can. But whether you can get a tax deduction for it as you would with more established charities is less clear. The media is starting to ask this question: read »
Italy will get a new government just like Greece and stocks react quite well.
At the federal, state and local level, new taxes are coming all the time. Budget deficits and eroding tax bases suggest new taxes can be easier to stomach than raising rates. Taxes are on Botox, tanning, music downloads, and more. read »
Greece gets a new government and Italy may do the same as earnings season rolls on.
Shipping concern DryShips Inc. (DRYS) is scheduled to release its third-quarter earnings report after the close of trading this afternoon. Analysts are expecting earnings to arrive at 15 cents per share – down 60% from DryShips' profit of 38 cents per share in the same quarter last year. read »
Are you doing business in California? You might think it doesn't matter, but you'd be wrong. If you’re a merchant, an internet seller, or even a salesperson tiptoeing into California, it pays to beware. The Golden State has many good things but you don't want to be labeled as “doing business” unless you’re really doing it and prepared to pay. read »