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Business News
Obama to Push Tax Break
WALL STREET JOURNAL - US BUSINESS President Obama will propose that companies be allowed to write off 100% of their new investment in plant and equipment through 2011, a plan that White House economists say would cut business taxes by nearly $200 billion over two years.
Bankruptcy Court Is Battleground for Traders
WALL STREET JOURNAL - US BUSINESS Traders in the beaten-down bonds and loans of troubled companies have turned bankruptcy court, which was created as a place for ailing firms to heal, into a venue for large investors to apply their sophisticated techniques in quest of profits.
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