Business

Local and national business news.

Why the pass through tax is important for businesses

7 hours ago

Today the House passed its version of the tax bill. It has yet to be voted on in the Senate. To get a sense of how the bill could affect people in the economy Kai sat down with Ed Fryar, owner of the growing business Ozark Mountain Poultry.  Below is an edited version of their conversation.

Kai Ryssdal: First of all, how's the chicken business doing?

AT&T and Sinclair Broadcast Group want to increase their market share of TV stations and national TV networks. The two would-be buyers face a complicated regulatory path. But that's where their tales diverge, leaving some analysts scratching their heads. That's because Sinclair's proposed $3.9 billion acquisition of Tribune Media appears headed for smooth sailing before the Federal Communications Commission, which voted Thursday to relax its ownership rules.

Puerto Rico still has no power

8 hours ago

The latest information out of Puerto Rico indicates that less than half of the island has electrical power. That means hospitals, supermarkets and small business are still struggling to literally and figuratively keep the lights on. Marketplace Weekend host Lizzie O'Leary has been reporting from Puerto Rico. She talked with Marketplace host Kai Ryssdal about the situation on the ground. The following is an edited transcript of their conversation. 

You may not have heard of him unless you're a Hollywood insider, but DeVon Franklin, the CEO and founder of Franklin Entertainment, is arguably the person behind wide-release Christian films.

Many British businesses are complaining about Brexit. They fear that when the United Kingdom leaves the European Union as scheduled at the end of March 2019, the country will lose its free and frictionless access to the huge European market on its doorstep. But one beleaguered British industry sees departure in a much more optimistic light. After decades of decline, many of the U.K.’s fishermen believe Brexit will be their salvation.

Marketplace traveled to England’s largest fishing port, at Newlyn in the southern county of Cornwall, to test the waters.

11/16/2017: How's the chicken business though?

9 hours ago

We step away from the Hill to talk to someone who will be affected by the tax bill: a poultry company CEO (and former economist) in Rogers, Arkansas, for whom tax cuts could allow a business expansion a year or so earlier than would be possible at the current tax rate. And we check in with Lizzie O'Leary, on the ground in San Juan, Puerto Rico, about how the island is rebuilding two months after Hurricane Maria.

This story was last updated at 02:40 p.m. PT. 

With the House of Representatives passing its version of a tax reform bill, what can we learn from a person who's been through a big tax overhaul before? In the 1980s, under President Ronald Reagan, there was Treasury Secretary Donald Regan. And under him, there was a deputy assistant secretary for tax analysis named Eugene Steuerle, who these days is head of the nonpartisan Tax Policy Center set up by the Urban Institute and Brookings Institution.

Walmart earnings in a fast-moving retail landscape

13 hours ago

Walmart is expected to release third quarter earnings today. Its stock has been trading lately at an all-time high. The retail giant’s biggest challenge is taking on the online retail space ... and, at the same time, sustaining profits. 

Click the audio player above to hear the full story. 

11/16/2017: A change of leadership for Zimbabwe

14 hours ago

(Markets Edition) Amid Walmart's announcement that quarterly earnings exceeded expectations, we'll take a look at how the retail giant has been trying to find that sweet spot between saving shoppers money and making enough money for itself. Afterwards, we'll talk to the Washington Post's Helaine Olen about what America's proposed tax overhaul could mean for our personal finances. Then, we'll focus on Zimbabwe to learn more about the house arrest of 93-year-old Robert Mugabe, the country's president of 37 years.

A helpful guide to wonky tax terminology

16 hours ago

We throw around a lot of numbers here at Marketplace, but also a lot of names, groups and terms. In our ongoing coverage of the GOP plan to overhaul the tax code, there’s a bunch of wonky terminology floating around. Here’s a short glossary of some names and terms to know, and we’ll be adding to it. Suggestions for additions welcome!

THE NUMBER CRUNCHERS

Lots of different groups have weighed in on the cost and impact of the various versions of the tax plans and bills. Here are some of the major players.

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