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Electricity poles and wires company Spark Infrastructure has taken a $270 million bath, writing down its South Australian electricity distribution assets and cutting dividends after a court decision that will force it to pay more tax. Spark has lost its tax battle with the Australian Tax Office over its subsidiaries, setting a potential precedent for similar industry-wide asset write-downs. Spark […]
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Announced and released last night, the latest battle royale game comes from Respawn Entertainment, the studio behind the Titanfall series. It features 60 players fighting it out in three-man squads, with players choosing from eight distinct classes — the titular Legends — before jumping in. It's free to play right now on Xbox One, PS4 and PC. Within 8 hours […]
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Emergency powers in focus as President Trump and Democrats remain at impasse over border wall funding As the partial government shutdown drew closer to becoming the longest of any government shutdown in U.S. history, Washington Post opinion writer Charles Lane reevaluated the present state of the battle over border security on the "Special Report" All-Star panel Friday night. Lane — along […]
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General Motors is fighting to retain a valuable tax credit for electric vehicles as the nation's largest automaker tries to deal with the political fallout triggered by its plans to shutter several U.S. factories and shed thousands of workers. Continue Reading Below Preserving the $7,500 tax incentive for buyers is crucial for GM as the company pivots from internal combustion […]
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As Campbell Soup (NYSE: CPB) squares off against activist investor Daniel Loeb, it could turn out to be a very acrimonious battle. Fights for corporate control are rarely prim affairs, but will things get personal in this case? The New York Post says that, according to two unnamed sources, Loeb has "suggested" he has "damaging information" on descendants of a […]
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A U.K. regulator has announced the winner of the Comcast and 21st Century Fox fight to acquire pay TV broadcaster Sky will be determined by an auction that begins Friday. The decision by the U.K. Takeover Panel to opt for an auction – which can run a maximum of three rounds and ends Saturday – means the 21-month fight over Sky […]
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A version of this article first appeared in the Reliable Sources newsletter. You can sign up for free right here. “Donald Trump has met his match,” Omarosa Manigault Newman said on MSNBC Thursday afternoon. And just like THAT, she was back in the news. One day after the White House yanked attention away from Omarosa’s book “Unhinged” by revoking John […]
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