House sets Sunday session as "fiscal cliff" deadline nears

WASHINGTON (Reuters) - The House of Representatives will return to Washington on Sunday night, just over a day before income tax rates are set to spike higher, in a last-ditch chance to avert the year-end "fiscal cliff."Senior Republican aides confirmed that House Speaker John Boehner on Thursday told members to be back in Washington in time for a 6:30 p.m. EST (2330 GMT) legislative session on Sunday.The...

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New York City faces $811 million budget gap in FY 2014: report

REUTERS/Jim Young(Reuters) - New York City faces an $811 million budget shortfall in fiscal year 2014 and lowered revenue projections in part because of Superstorm Sandy, the city's Independent Budget Office said on Thursday.The city's tax revenue collections are likely to grow by just 3.4 percent in fiscal 2014 to $44.8 billion. That figure is $347 million lower than the IBO projected in May, it...

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House Republicans say resigned to tax hike in fiscal cliff

WASHINGTON (Reuters) - Republicans in the U.S. House of Representatives are resigned to seeing some sort of income tax increase in legislation to avoid a "fiscal cliff," but such efforts could be doomed in the absence of spending cuts, some Republican lawmakers say.Congress and President Barack Obama are gearing up for a last-ditch attempt to avoid $600 billion in tax increases and spending cuts...

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Taxes rising for most people despite fiscal deal

WASHINGTON (AP) — While the tax package that Congress passed New Year's Day will protect 99 percent of Americans from an income tax increase, most of them will still end up paying more federal taxes in 2013.That's because the legislation did nothing to prevent a temporary reduction in the Social Security payroll tax from expiring. In 2012, that 2-percentage-point cut in the payroll tax was worth...

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Global stocks, commodities rise on U.S. fiscal deal

NEW YORK (Reuters) - Global stocks jumped 2 percent or more and commodities rallied on Wednesday after U.S. legislators struck a deal to halt a round of automatic fiscal tightening that threatened to push the world's largest economy into recession.The deal reached on Tuesday to avert the "fiscal cliff" put off the immediate pain of income tax hikes for almost all U.S. households but did nothing to...

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Swiss bank to pay $57.8M in US tax evasion plea

NEW YORK (AP) — Switzerland's oldest bank became the first foreign bank to plead guilty in the United States to tax charges when it admitted Thursday that it helped American clients hide more than $1.2 billion from the Internal Revenue Service.Wegelin & Co., founded in 1741, entered the plea in federal court in Manhattan, agreeing to pay $20 million in restitution to the IRS, a $22 million fine...

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D.H. Clark/I.B. Long Pen New Book, ‘A Grasp for Life”

Tilton, NH (PRWEB) January 04, 2013The new book “A Grasp for Life: The continuing story of Howard Walker” (published by iUniverse) by D.H. Clark/I.B. Long tells the tale of Howard Walker, a man looking to find what many take for granted: the love of a family.Howard’s story tells of his ups and downs in life as he struggles to grasp the life that had been taken from him as a young boy. The authors...

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Reverse Cell Phone Lookup Annual Plans Now Offered at Cell Phone Registry

Reverse cell phone lookup annual plans are now offered online at the CellPhoneRegistry.com website. This company has enabled this new and unlimited search feature to provide an alternative to Caller ID or single number searches for mobile numbers online.San Francisco, California (PRWEB) January 04, 2013Reverse cell phone lookup services are not new online although one company has improved the cost...

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Author Marionette Simmons Announces the Release of “Life's Challenges, Experiences and Blessings”

HAMILTON PARISH, Bermuda (PRWEB) January 04, 2013In her book of poetry “Life's Challenges, Experiences and Blessings” (published by Trafford Publishing), Marionette Simmons looks back on her life in a series of heartfelt poems.“Life's Challenges, Experiences and Blessings” is a collection of Simmons’ poetry, expressing a lifetime of emotional records in verse. She explores such topics as God’s plan,...

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Garcinia Cambogia Sales Online Rise in 2013 Reports iTrustNews.com

Garcinia Cambogia sales have increased online in 2013 according to an iTrustNews.com report report. The resolutions that many men and women make for the New Year have helped to increase sales of this new product that has been recently released for sale in the U.S.Houston, Texas (PRWEB) January 04, 2013The iTrustNews.com company has released a new report that details how the sales of Garcinia Cambogia...

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Wedding Photography Website Now Connects Couples with Photographers Online

A wedding photography website is now connecting couples with expert photographers online at WeddingPhotographyQuotes.com. This new directory launched in 2013 provides a new resources for professionals and clients to meetup to discuss packages, services and pricing online.Albany, New York (PRWEB) January 04, 2013Couples that search for wedding photography and professionals that provide services can...

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Oracle sees third-quarter profit of 64 to 68 cents per share

BOSTON (Reuters) - Oracle Corp, the world's No. 3 software maker, said it expects to report non-GAAP earnings per share of 64 cents to 68 cents in its fiscal third quarter.Oracle forecast that third-quarter new software sales and cloud subscriptions sales will rise 3 percent to 13 percent from a year earlier.The company said its sees third-quarter hardware products sales flat to down 10 percent from...

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Oracle beats outlook, shrugs off fiscal debate

BOSTON/SAN FRANCISCO (Reuters) - Technology giant Oracle Corp said software sales growth will stay strong into the new year despite fears that there could be big tax hikes and U.S. government spending cuts that could cause a slump in spending by customers.Shares of the world's No. 3 software maker rose 1.3 percent after it reported fiscal second-quarter revenue and earnings that surpassed Wall Street...

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BofA CEO: Fed wants bank to show consistent earnings

CHARLOTTE, North Carolina (Reuters) - Bank of America Corp needs to show the U.S. Federal Reserve it can produce consistent earnings as part of the annual process to gain permission to return more capital to shareholders, CEO Brian Moynihan said in an interview.The second-largest U.S. bank is turning a profit in most of its main businesses, but it inherited costly legal problems when it acquired companies...

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Top UBS shareholder pins rebound hopes on private wealth

UBS's wealth management business will help it bounce back from a $1.5 billion rap for rigging interest rates, one of its largest investors said, although fears of costly civil lawsuits could cast a pall over its shares for some time.Paras Anand, European equities head at Fidelity Worldwide Investment, said legal action sparked by the Libor scandal posed an unpredictable threat to the bank's near-term...

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Drugs group Lundbeck's shares hit by profit warning

COPENHAGEN (Reuters) - Shares in Danish drugs firm Lundbeck fell to their lowest level in over 12 years on Wednesday after it cut its profits forecast for the next two years as European sales slow and spending on new products rise to combat generic competition.The company has already warned that earnings would stall until 2015 due to cheap generic competition for its existing drugs, meaning new products...

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Joint Aid Management (JAM) Launches its 2013 Public Awareness Campaign With a Spectacular Digital Billboard in Times Square

Joint Aid Management (JAM) just unveiled a full motion 20 x 26 foot LED screen located at 42nd Street in Times Square. The spectacular billboard will be promoting JAM and asking viewers for a $50 donation to feed and educate one African child for an entire year. The board will run :15 seconds of every hour, every day from now until the end of March 2013.New York, New York (PRWEB) December 22, 2012“This...

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The Made In America Store Introduces Soap Lifts From Sea Lark Enterprises

The all American made products store introduces an innovative but simple product for your bathroom or kitchen. The Soap Lift from Sea Lark Enterprises brings a new way to keep your bars of soap clean and in place.Elma, New York (PRWEB) December 22, 2012Soap Lifts from Sea Lark Enterprises offers an alternative to keeping bars of soap clean and each one is 100% US manufactured. The Made In America...

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The Made In America Store Introduces Soap Lifts From Sea Lark Enterprises

The all American made products store introduces an innovative but simple product for your bathroom or kitchen. The Soap Lift from Sea Lark Enterprises brings a new way to keep your bars of soap clean and in place.Elma, New York (PRWEB) December 22, 2012Soap Lifts from Sea Lark Enterprises offers an alternative to keeping bars of soap clean and each one is 100% US manufactured. The Made In America...

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Woodbridge University Features in the Top 5 Fastest Growing Online Universities

Houston, TX (PRWEB) December 22, 2012According to a report by World Wide Academics, a global education portal, Woodbridge University is rated as the 3rd fastest growing online institute. The ranking is based on factors of academic experience, learning management system, affordability, quality and flexibility of education. The report further reveals that in the academic year of 2011-2012, Woodbridge...

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