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Business News - ArcaMax Publishing

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Gail MarksJarvis: Having plenty of money for retirement doesn't mean it will last long enough


Is retirement starting to tempt you? Maybe you peer into your 401(k) and think: "Not bad. Should I go for it?" Perhaps you've even run some numbers on a calculator to assure yourself that you can remove 4 or 5 percent of your savings each year ...

Health care plan is at center of dispute between writers and major studios


LOS ANGELES -- When Hollywood writers went on strike in 1973, they agitated for something new -- a health plan that would offer comprehensive coverage for its guild members. Since then, the writers' insurance plan has become one of the most ...

Trump tax plan seen turning 'everyone and their dog' into an LLC


NEW YORK -- The Trump administration's proposal to cut the tax rate on partnerships and limited liability companies could set off a stampede of individual taxpayers trying to reclassify themselves as so-called pass-through businesses to take ...

California and Iran pistachio producers pitch shells at one another in tariff fight


WASHINGTON -- Pistachios now pose the latest flashpoint between Iran and the United States. As the two countries struggle to redefine their relationship over weighty matters such as nuclear policy, California pistachio producers have another ...

BlackRock CEO: Tax cuts could create 'explosive deficits,' do little to boost growth


CHICAGO -- The U.S. economy's growth has been "terrible" and President Donald Trump's proposed tax reforms are not likely to give the nation the boost that investors are expecting, the head of the world's largest money manager said Friday in ...

SpaceX set to launch a national security satellite on Sunday


SpaceX is set to launch a payload Sunday morning for the National Reconnaissance Office in one of the company's earliest tests as a national security launch provider. The spy satellite, known as NROL-76, will launch on a Falcon 9 rocket from Pad ...

GM first quarter earnings soar 33 percent to $2.6 billion


DETROIT -- General Motors CEO Mary Barra said Friday the automaker's first-quarter results show the company's strategy of focusing on profitable areas and pulling back on others is making a difference. The automaker's profits soared 33 percent ...

Chevron, helped by cost cuts, swings to first-quarter profit


SAN RAMON, Calif. -- Chevron on Friday reported first-quarter earnings that exceeded Wall Street's expectations as the oil and gas industry giant turned around from a loss a year ago and said business improved due to rising crude oil prices and ...

Demetrio, lawyer for dragged United passenger, is highflying aviation attorney


CHICAGO -- Thomas Demetrio, the Chicago personal injury lawyer who negotiated an undisclosed settlement with United Airlines in its passenger-dragging incident, is no stranger to holding airlines accountable. Well-known in legal circles, Demetrio...

Apple blocks more patent payments to Qualcomm, escalating feud


SAN DIEGO -- Qualcomm slashed it financial forecast for the current quarter early Friday, blaming Apple for further withholding patent royalties payments in a fierce legal fight over intellectual property licensing. The lower revenue and profit ...