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...end of this year, companies in the Standard & Poor's 500 are likely to have lost as much as $400 billion since the start of 2008, according to S&P. It's a sign of just how badly the recession has hit big companies. But it could also turn out to be a leg up for corporations in the recovery. All that red ink could turn out to be a little-noticed boon for corporate bottom lines. That's because companies are allowed to record a tax credit for current losses in order to lower their tax bill when they...
...hard to know just how much that $400 billion in losses will end up lowering corporate America's tax bill. Companies are allowed to record tax credits for current losses and use those credits to lower their bill when they return to profitability. If companies have more tax credits than profits, they are allowed to carry those credits forward for up to 20 years or until they are used up. (See 10 ways to spend your tax refund...
...Eisenberg knows how to shop. He can see through marketing campaigns, advertisements, and all the subtle nuances behind a store's attempt to make you spend your money. In his new book, Shoptimism the former executive vice president of clothing retailer Lands' End (and former editor-in-chief of Esquire) examines why we shop, how we buy, and what sort of tricks the advertising industry tries to play on us. (Watch TIME's video "Are You Ready To Shop...
...this may not be enough to stop the usual E.U. squabbling in the end. The newly empowered leaders will likely have trouble preventing splits on major issues, if the 2003 dispute over the U.S.-led invasion of Iraq is anything to go by. With this in mind, perhaps a mediator is what the institution needs, not a power-player on the world stage, someone who will "stop traffic" in world capitals, as Miliband said last month in support of a Blair presidency. (See pictures of the Bush-Blair friendship...
...Lady, the agency's former station chief in Milan, was given eight years. All of the Americans, however, were tried in absentia. Defense lawyers were appointed by the court but had no contact with their clients. The lawyers have said they will appeal the verdict, which came at the end of a nearly three-year trial...