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2014-06-19 08:21:38

NORTHBROOK, Ill., June 19, 2014 /PRNewswire/ -- The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of May 2014 of $440 million, pre-tax ($286 million after-tax). Catastrophe losses occurring in May comprised eleven events at an estimated cost of $400 million, pre-tax, plus unfavorable reserve reestimates of prior reported catastrophe losses. Three severe weather events accounted for over 78% of the estimated catastrophe losses for May events....

2014-06-18 16:21:21

In the news release, NATSO Applauds Proposal to Increase Federal Fuel Tax, issued 18-Jun-2014 by NATSO, Inc. over PR Newswire, we are advised by the organization that the fifth paragraph, first sentence, should read "The Highway Trust Fund currently is funded by an 18 cents-a-gallon tax on gasoline and a 24 cents-a-gallon tax on diesel," rather than "The Highway Trust Fund currently is funded by an 18 cents-a-gallon tax on gasoline and a 22 cents-a-gallon tax on diesel," as originally...

2014-06-18 16:21:02

ALEXANDRIA, Va., June 18, 2014 /PRNewswire-USNewswire/ -- NATSO, the national association representing truckstops and travel plazas, today applauded a proposal by Sens. Chris Murphy (D-Conn.) and Bob Corker (R-Tenn.) to raise the federal fuel tax and index it to inflation to keep the Highway Trust Fund solvent. The Murphy-Corker proposal would raise the fuel tax 6 cents a year over two years, and index the tax to the Consumer Price Index. "We commend Senators Chris Murphy and Bob...

2014-06-17 13:28:53

Monash University A tax on sweetened soft drinks could be an effective weapon in the war against obesity, generating weight losses of up to 3.64 kilograms as individuals reduce their consumption. Researchers from Monash University, Imperial College London and University of York and Lancaster University, England have estimated the extent to which drinking habits would change if beverages such as carbonated non-diet soft drinks; cordials and fruit drinks were taxed. Lead author Dr...

2014-06-13 12:21:20

BOSTON, June 13, 2014 /PRNewswire/ -- Atlantic Power Corporation (TSX: ATP) (NYSE: AT) (the "Company" or "Atlantic Power") today announced its distribution for the month of June 2014. A dividend of Cdn$0.03333 per common share will be payable on July 31, 2014 to holders of record at the close of business on June 30, 2014. Tax Information for Shareholders Atlantic Power Corporation designates its entire dividend to be an "eligible dividend" pursuant to subsection 89(14) of the...

2014-06-12 16:26:14

SAINT PAUL, Minn., June 12, 2014 /PRNewswire/ -- MGC Diagnostics Corporation (NASDAQ: MGCD), a global medical technology company, today reported financial results for the second quarter ended April 30, 2014. Second Quarter Fiscal 2014 Highlights: -- Net Income for the 2014 second quarter increased 22% to $308,000, or $0.07 per diluted share, compared to net income of $252,000, or $0.06 per diluted share in the 2013 second quarter; -- Second quarter revenue was $7.4...

2014-06-12 08:20:54

For the second quarter: -- Revenues of $1.1 billion, an increase of 1% compared with 2013. -- Adjusted operating loss1 of $4.0 million, compared with an adjusted operating profit of $2.7 million in 2013, a decrease of $6.7 million in spite of the fact that the decline in value of the Canadian dollar alone led to an increase in operating expenses of $22.0 million. -- Adjusted net loss3 of $7.6 million,...

2014-06-05 16:30:10

MORRISVILLE, N.C., June 5, 2014 /PRNewswire/ -- Alliance One International, Inc. (NYSE: AOI) today announced operating results for its fiscal year ended March 31, 2014. Highlights -- Sales and other operating revenues improved compared to last year 5.0% to $2,354.9 million driven primarily by increased green tobacco costs that were partially reflected in prices paid by customers. -- Selling, general and administrative expenses decreased 8.0% to $134.1...

2014-05-29 23:15:19

TaxConnex, LLC, America’s leading independent sales and use tax outsourcing and consulting firm, is proud to announce the launch of the TaxConnex YouTube Channel. TaxConnex uses YouTube as a way to share information with the Sales and Use Tax community. Atlanta, GA (PRWEB) May 29, 2014 TaxConnex, LLC, America’s leading independent sales and use tax outsourcing and consulting firm, is proud to announce the launch of the TaxConnex YouTube Channel. TaxConnex uses YouTube as a way to...

2014-05-29 16:29:50

DALLAS, May 29, 2014 /PRNewswire/ -- Virginia Tax Commissioner Craig M. Burns ruled that cellular telephone "activation" fees charged to cellular telephone providers' customers are not subject to the communications sales and use tax. A taxpayer contested that the activation fees it charged to its customers only occurred when the customer purchased a phone from the taxpayer or from a separate retail store and not when the customer used its own phone to obtain cellular phone service...


Word of the Day
vermicular
  • Like a worm in form or movement; vermiform; tortuous or sinuous; also, writhing or wriggling.
  • Like the track or trace of a worm; appearing as if worm-eaten; vermiculate.
  • Marked with fine, close-set, wavy or tortuous lines of color; vermiculated.
  • A form of rusticated masonry which is so wrought as to appear thickly indented with worm-tracks.
This word ultimately comes from the Latin 'vermis,' worm.
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