Seeking to avoid EU tariffs, Washington state House passes bill to drop Boeing tax break
By Eric M. Johnson SEATTLE (Reuters) – Washington state’s House of Representatives passed a measure on Wednesday night that removes a key tax break for Boeing Co <BA.N> and other aerospace firms, in a bid to head off possible European tariffs on U.S. goods and ease a transatlantic trade dispute over aircraft subsidies. “This measure […]
PG&E agrees to pay $55 million in penalties and costs over two wildfires.
The California utility settled civil charges and avoided criminal prosecution over the role of its equipment in igniting the blazes. By Ivan Penn Pacific Gas & Electric agreed on Monday to pay $55 million in penalties and costs to settle civil cases brought by prosecutors over wildfires across six Northern California counties. The agreement allows […]
Some U.S. wealth advisers tell clients to stay put as markets fall
By David Randall and Beth Pinsker NEW YORK (Reuters) – The deepest U.S. stock market sell-off since the 2008 financial crisis is prompting some financial advisers to tell wealthy clients to hold steady or even increase their equity exposure if they have at least 10 years until retirement. Remaining fully invested in stocks despite the […]