NEW YORK (Reuters) - If Petra Nemcova’s life were a movie plot, nobody would believe it. Girl grows up under Communism in the former Czechoslovakia, climbs to the top of the fashion world as one of the most famous models on the planet, and nearly has it all...
Major automakers on Thursday posted a weak finish to the year for U.S. new vehicle sales but remained bullish on the outlook for the economy even as much of the industry braced for what is widely expected to be a worse year in 2019. "Despite recent market turbulence, the data...
Air Canada has signed a definitive agreement to buy the Aeroplan loyalty program from Aimia Inc. for $450 million in cash. Under the deal, Air Canada will also assume $1.9 billion of Aeroplan miles liability. The definitive agreement follows an announcement in August of a tentative sale. Air Canada says it...
(Reuters) - Royal Bank of Scotland Group Plc will pay $125 million to resolve claims that it made misrepresentations while selling mortgage-backed securities to two large California pension funds, the state’s attorney general has announced. The settlement announced on Friday by California Attorney General Xavier Becerra was the...
Canada Goose Holdings Inc. rose the most in more than six weeks after the company opened its flagship store in Beijing over the weekend. The store had been delayed since Dec. 15 amid escalating tensions between Canada and China following the arrest of Huawei Technologies Co.’s chief financial officer in...
NEW YORK (Reuters) - Families with children in private or parochial school will be able to tap their college savings plans to pay for up to $10,000 in tuition and other expenses in the new year, thanks to a provision in the tax overhaul bill going into effect...
CHICAGO (Reuters) - The Republican tax bill approved by Congress this week will create financial headaches for millions of taxpayers trying to navigate all the new rates and rules. But the legislation now headed for President Donald Trump’s signature also will have this grim impact: thousands of additional,...
LONDON (Reuters) - Hedge funds and other managers of catastrophe bond funds racked up some of the worst losses in more than a decade from this year’s hurricanes and wildfires. But a year that is shaping up to be the costliest on record for insurance losses from natural...
NEW YORK (Reuters) - Acrimonious couples who were racing to get divorced by Dec. 31 or face dire tax consequences can breathe a sigh of relief. The final tax overhaul bill gives them until the end of 2018 before completely upending the divorce process. But a year...
WASHINGTON (Reuters) - Wealthy business owners, such as President Donald Trump, stand to gain from a provision in the Republican tax bill that creates a valuable deduction for owners of pass-through businesses, Democrats and some tax experts say. The provision creates a 20-percent business income deduction, with some...