Topic
profits
60 stories related to this topic, newest first.
marketwatch.combusiness4 hrs ago
Coca-Cola Appeals IRS Transfer-Pricing Ruling That Could Add $14 Billion to Its $6 Billion Payment
Coca-Cola and the IRS will begin oral arguments Thursday in the US Court of Appeals for the Eleventh Circuit over a potential $20 billion tax bill tied to overseas profits. The Atlanta-based company paid $6 billion last year while pursuing the appeal.
thehindu.compolitics2 days ago
California Governor Solicited Millions in Behested Payments for Nonprofits
Gov. Gavin Newsom announced this week that federal agents may be investigating his wife, Jennifer Siebel Newsom. The announcement renewed attention to millions in charity donations he has requested from companies and individuals.
The Independentbusiness1 day ago
Redemption Bank Launches Debit Card for Single Mothers in Subsidized Housing, Pledging Fixed Annual Donations to Cash-Aid Nonprofits
Redemption Bank introduced the Bank King Card debit card on June 19, 2026, for single mothers in government-subsidized housing. The bank will donate a fixed annual amount from each new account to nonprofits providing direct-cash services.
newser.comscience4 days ago
Justice Department Sues New York Over Medicaid Home Care Contract
The Justice Department filed suit Tuesday alleging a Georgia company used a sham bidding process to win a $10 billion New York Medicaid home care program and then improperly took millions in profits. New York officials called the complaint baseless and said the consolidation save…
nbcnews.compolitics5 days agoUpdated
Justice Department Sues New York Over Alleged Medicaid Fraud in Home Care Program
The U.S. Justice Department filed a civil lawsuit accusing New York state officials and a contractor of facilitating fraud in a $10 billion Medicaid home care program. The suit claims the contractor used a sham bidding process and inflated rates, generating millions in illegal pr…
usatoday.comfinance9 days ago
House Committee Examines Foreign Influence in U.S. Nonprofits
A February hearing by the House Ways and Means Committee reviewed foreign ties to American nonprofit organizations. Separate reports cited investigations into CAIR and sanctions on a Cuban-linked group.
world12 days ago
Residents sue xAI and SpaceX over power plant noise in Mississippi
Three residents filed a class action lawsuit in federal court on Tuesday alleging that a gas-fired power plant supplying xAI data centres produces constant noise that has caused emotional distress and lowered property values. The suit seeks damages and an unspecified share of pro…
techjuice.pkfinance13 days ago
Gulf Airlines Restore Near Prewar Flights but Face Revenue Hit from Iran War and Fuel Spike
Etihad and Emirates have resumed near prewar flight levels, yet the International Air Transport Association projects halved global airline profits and $4.3 billion in losses for Middle East carriers. Hotels in Qatar and Dubai face steep occupancy drops.
news.google.combusiness13 days ago
Open House Group Founder Steps Down After Record Profits, $400M Personal Gain
Masaaki Arai stepped down as president and CEO of Open House Group in October after turning 60. The Tokyo-based developer posted record results and saw its shares rise 38%.
The Independentfinance14 days ago
BP Paid £1.2 Billion in UK Taxes in 2025
The energy firm reported its total UK tax payments for 2025, including amounts from the energy profits levy. The figures were released as the government considers changes to tax rules for overseas activities.
pbs.orgworld16 days ago
U.S. Employers Add 172,000 Jobs in May, but Long-Term Unemployment and Worker Pessimism Remain Elevated
Payrolls rose for a third straight month while corporate profits and seasonal hiring supported gains in health care and leisure. Economists noted continued weakness in hiring and quits rates alongside long-term unemployment.
pbs.orgworld16 days ago
U.S. Employers Add 172,000 Jobs in May as Labor Market Shows Mixed Signals
Payrolls rose more than expected while corporate profits climbed and health care led hiring. Seven in ten Americans still say finding work is difficult.
koreatimes.co.krai17 days ago
South Korea's Labor Minister Proposes Dialogue on Sharing AI-Driven Chip Profits With Suppliers and Workers
Labor Minister Kim Young-hoon said companies like Samsung Electronics should share excess gains with suppliers and workers after taxes. He called for public talks on narrowing gaps between conglomerates and smaller firms.
urbanmilwaukee.comworld18 days ago
Supreme Court Rules SEC Can Force Disgorgement of Profits in Securities Fraud Cases Without Proving Specific Investor Losses
The court ruled unanimously that the SEC can order repayment of illegal profits without proving individual investor losses. The decision came in the case of a Los Angeles resident sentenced for penny-stock schemes.
upi.comfinance18 days ago
South Korean Stocks Fall 1.84 Percent, Ending Three-Day Rise
The benchmark KOSPI index dropped 162 points on Thursday as investors took profits after recent gains. The Korean won fell 13.7 won against the U.S. dollar.
ai4 days ago
Dalio: China Treats AI as Utility Like Electricity, Expects No Immediate Profits and Little Fear of Job Loss
Billionaire investor Ray Dalio described China's approach to artificial intelligence during an April trip to Beijing and a Wednesday speech in New York. He compared the policy to infrastructure that should reach every worker regardless of cost.
upi.compolitics19 days ago
White House proposal would require political review of federal grants
A draft rule published by the Office of Management and Budget would direct political appointees to approve all federal grants to universities and nonprofits. The 400-page document was released without a press release and drew more than 3,000 public comments within days.
Benzingafinance18 days ago
George Santos Says He Will Attend State of the Union, Profits When Plans Change; No Federal Probe
George Santos placed a bet on Kalshi that he would not attend President Trump's February State of the Union address after publicly stating he would be present. Rival platform Polymarket ended its paid influencer contract with Santos over the allegations.
japantimes.co.jpfinance21 days ago
Japan Q1 Capital Spending Flat at 0.0%, Below 4.0% Estimate
Capital spending in Japan showed no growth in the first quarter, missing forecasts and marking a sharp slowdown from the prior period. Company profits rose more than expected while sales posted a modest increase.
LI
zerohedge.combusiness26 days ago
NYC Mayor Unveils Housing Plan With Rent Freeze and Ownership Transfers
Mayor Zohran Mamdani released a housing plan that includes a proposed four-year rent freeze on nearly one million rent-regulated apartments and provisions to transfer ownership of some distressed buildings to nonprofits or tenants. The plan also offers limited exemptions for cert…
Fortunefinance30 days ago
Facility Dogs at Cincinnati Children's Hospital Provide Emotional Support to Patients
Four full-time facility dogs work at Cincinnati Children's Hospital, assisting children during medical procedures and daily activities. Research indicates short interactions with the dogs can lower stress indicators and improve well-being. Hospitals obtain the dogs from nonprofit…
Fox Newspolitics30 days ago
Justice and Treasury Departments Investigate U.S. Nonprofits for Alleged Cuba Coordination
Federal investigators are examining whether U.S. nonprofits and activists coordinated with Cuban officials after murder charges were filed against Raúl Castro. The probe covers messaging, fundraising and travel activities by groups with combined annual revenue of about $1 billion…
restofworld.orgtechnology31 days ago
Samsung Electronics Reaches Tentative Deal With Union Over Bonuses
Samsung Electronics agreed to a tentative labor deal this week that averted a walkout by nearly 48,000 workers. The agreement addresses bonus payments tied to operating profits from the company's semiconductor business.
finance31 days ago
Rising Fuel and Bait Costs Reduce Profits for Global Fishermen
Fishermen worldwide are facing higher expenses for fuel and bait. Maine lobster operators report uncertainty about this summer's catch and prices.
freepressjournal.infinance32 days ago
Samsung Electronics Offers Bonuses to Avoid Union Walkout
Samsung Electronics announced bonus payments to union members after negotiations. The payments address pay demands tied to recent company profits. Union members remain divided over how profits from memory chip sales should be shared.
catholicnewsagency.compolitics33 days ago
Senator Introduces Amendment to Ban Government Officials From Prediction Market Trading
Senator Elissa Slotkin introduced an amendment on Tuesday to prevent insider trading by U.S. government officials on prediction markets. The proposal follows reports of large profits from bets on U.S. military actions in Iran and Venezuela.
valuewalk.comfinance34 days ago
Nasdaq Falls as Treasury Yields and Oil Prices Rise
The Nasdaq Composite closed lower after investors took profits. Rising Treasury yields and higher oil prices raised questions about inflation and borrowing costs.
680news.comfinance34 days ago
Vermont Self-Storage Operators Report Long Waitlists and Rising Profits
Self-storage operators in Vermont are experiencing high demand and strong earnings. The state's limited housing supply and growing number of older residents are cited as contributing factors.
finance35 days ago
Self-Taught Trader Reports Improved Consistency After Switching to Futures
A trader who previously struggled with stocks, options and forex described nearly a year of practice before achieving more consistent results in futures markets. The individual reported modest profits after focusing on discipline and reducing emotional decisions.
Fortunefinance36 days ago
Officials in Six States Seek to Block Utility Rate Increases
Officials and lawmakers in Arizona, Indiana, Maryland, New Jersey, New York and Pennsylvania are challenging proposed electricity rate increases. The moves follow rising bills linked to data center demand and utility profits.
France 24politics36 days ago
U.S. Congress Seeks Answers on Oil Traders' Iran-Related Bets
U.S. Congress has asked for information on whether traders had advance knowledge of developments affecting oil markets. The inquiry follows reports of large profits from positions taken before recent events involving Iran.
japantimes.co.jptechnology38 days ago
Kioxia Plans US Listing as Profits Surge on AI Demand
Kioxia, the Japanese flash memory maker spun out from Toshiba, reported a sharp rise in profits driven by demand for memory chips used in artificial intelligence applications. The company plans to list American depositary shares in the United States to broaden its investor base.…
Fox Newspolitics38 days ago
Neville Roy Singham Donates $278 Million to Progressive Nonprofits Since 2017
Lawmakers from both chambers of Congress voiced concerns over Singham's network and its ties to the Chinese Communist Party. The funding has supported groups including The People’s Forum and CodePink, co-founded by Singham's wife Jodie Evans. Officials from the Justice, State and…
thestreet.comai38 days ago
Closing Arguments Held in Musk Lawsuit Against OpenAI and Altman
Attorneys for Elon Musk and OpenAI CEO Sam Altman delivered closing arguments Thursday in a trial centered on claims that OpenAI abandoned its founding nonprofit mission. Musk's team accused the company of prioritizing profits while Altman's lawyers called the allegations unsubst…
finance38 days ago
Nonprofits Report Rising Demand, Staff Reductions and Budget Pressures After Federal Funding Changes
A Center for Effective Philanthropy survey of 380 nonprofit leaders found nearly three-quarters reported increased demand for services due to program cuts. The report details widespread financial strain, with 39% of organizations reporting budget deficits in fiscal 2025. Philanth…
propublica.orgbusiness39 days ago
Koch Network Says Political Spending Is Under 10% of Efforts as Charles Koch's Lifetime Giving Tops $2 Billion
Chase Koch, 48, of Wichita, Kansas, told TIME the Koch network devotes less than 10% of its efforts to politics and more than 90% to community-based solutions. Charles Koch, 90, has transferred nearly $6 billion in nonvoting shares to nonprofits while his personal giving passed t…
forbes.comfinance39 days ago
Burberry Swings to Annual Profit but Shares Fall on Europe Weakness
Burberry swung to pretax profits of $66.2 million in the year ended March 28, reversing an $89.2 million loss, as its new Cotswolds handbag line drove the strongest bag performance since 2023. CEO Joshua Schulman attributed the gains to American demand for recognizable luxury at…
South China Morning Posttechnology39 days ago
Samsung Electronics Union to Strike for 18 Days After Mediation Talks Fail
Samsung Electronics’ biggest labour union will stage an 18-day walkout from May 21 to June 7 after government-led mediation talks failed on Wednesday. The company expressed regret and said it hoped to continue sincere dialogue. The dispute centres on how record profits driven by…
foxnews.comworld39 days ago
Rep. Chip Roy Calls for Greater Scrutiny of Legal Immigration from Muslim-Majority Countries at House Hearing
Texas Republican Rep. Chip Roy testified that Shariah-based legal institutions have taken root in American communities, with the problem most acute in his state. He cited decades of unsecured borders and legal immigration policies as drivers of increased Muslim immigration to Tex…
DA
finance40 days ago
BYD Reports Profit Drop Over 50% in China as Global EV Sales Grow Modestly
Stella Li told an industry summit that crude oil topping $100 a barrel after the U.S. and Israeli strikes on Iran has prompted drivers to consider electric and hybrid vehicles. BYD is accelerating European factory and product plans even as its first-quarter profits fell more than…
The Timesfinance40 days ago
Vistry Cuts New-Build Prices by Average 6% and Lifts Sales Rate by One-Third
Britain’s second-biggest housebuilder reported stronger open-market sales in 2026 after reducing prices and offering more incentives, but said the moves will leave first-half pre-tax profits significantly lower than a year earlier. Vistry now forecasts adjusted pre-tax profit of…
Semaforai40 days ago
South Korean Official Proposes Taxing AI Chipmaker Profits to Fund Basic Income and Youth Startups
Kim Yong-beom suggested on May 12, 2026 that windfall gains from Samsung and SK Hynix be redirected to basic income programs for rural communities and startup funding for young people. The proposal echoes ideas previously raised by several AI industry leaders. Semafor reported th…
riotimesonline.compolitics41 days ago
TotalEnergies CEO Patrick Pouyanné to Appear Before French National Assembly Finance Committee on June 17
Patrick Pouyanné will appear before the Assemblée Nationale's finance committee on June 17 at 10:00 a.m. following the company's payment of zero euros in corporate tax in 2025 and a 51 percent surge in first-quarter profits to $5.8 billion. Eric Coquerel, president of the committ…
upi.comai41 days ago
South Korea's Presidential Policy Chief Proposes Tax on AI Profits to Fund Citizen Payments
South Korea's presidential policy chief said the nation should pay citizens a dividend using taxes on AI profits. The statement fueled sharp swings in Korean stocks. Bloomberg published the report with a photo by Krisztian Bocsi.
Substrate placeholder — needs reviewai41 days ago
Presidential Policy Chief Proposes Public Dividends From AI Economic Gains
The presidential chief of staff for policy suggested introducing public dividends to share gains from an artificial intelligence-driven economic expansion. The proposal was made as the main stock index approached record levels amid strong profits at major chipmakers. The presiden…
ww2.kqed.orgtechnology41 days ago
Santa Clara County Sues Meta Over Scam Advertisements
Santa Clara County, California, filed a lawsuit against Meta Platforms Inc. alleging the company knowingly facilitates and profits from scam advertisements on Facebook and Instagram. The county counsel said the ads targeted seniors and families with fraudulent financial products,…
japantimes.co.jpfinance42 days ago
Three Major Japanese Shipping Companies Project Multi-Billion Yen Profits for Fiscal 2026
Nippon Yusen, Mitsui O.S.K. Lines and Kawasaki Kisen Kaisha projected lower earnings for fiscal 2026, citing rising fuel prices tied to tensions in the Middle East and the de facto closure of the Strait of Hormuz. Executives said the impact remains difficult to quantify even as t…
Forbesfinance42 days ago
Media Company Earnings Reports Show Hollywood Shift to Profitability
Recent quarterly results from several entertainment companies indicate a move away from prioritizing streaming subscriber growth toward sustainable profits, consolidation and premium experiences. Disney reported its streaming services reached sustainable profitability while Param…
flipboard.comworld43 days ago
Federal Judge Rules DOGE Grant Terminations at Humanities Endowment Unlawful
A U.S. District Judge ruled that the Department of Government Efficiency used race, gender and other protected characteristics to terminate grants at the National Endowment for the Humanities. The judge declared the terminations unlawful, blocked them from proceeding and said the…
AB
Japan Timesfinance44 days ago
Nikkei 225 Hits Record Highs as Police Report ¥182.7 Billion in Online Investment Scam Losses
Japanese police renewed warnings about fake investment websites that display large profits to lure victims, even as the Nikkei 225 stock average climbed to record levels. Losses from such scams surged ¥55.5 billion from the previous year to a record ¥182.7 billion in 2025, accord…
thehindu.comworld44 days ago
U.S. Treasury Announces IRS Will Revise Form 990 to Require Nonprofits to Disclose Government Grants and Fiscal Sponsorships
The Treasury Department on April 23 said the changes aim to improve transparency and strengthen oversight of nonprofits receiving public funds. Treasury Secretary Scott Bessent stated the revision ends the practice of hiding fraud and abuse behind complex arrangements.
ZE
etftrends.comfinance45 days ago
Vestas, Orsted and Equinor Post Strong Q1 Profits Amid Rising Energy Prices from Middle East Conflict
Wind turbine maker Vestas and offshore wind developer Orsted beat expectations in the first three months of 2026. Norway's Equinor, primarily an oil and gas producer, posted its strongest quarterly profit in three years and said the U.S. and Israeli-led war against Iran that bega…
koreaherald.comworld45 days ago
HD KSOE Lands $1.4 Billion in Ship Orders, Reaching 46.4% of 2026 Target
HD Korea Shipbuilding & Offshore Engineering Co. won contracts on May 8, 2026 to build six container ships and two very large gas carriers. The deals bring the company's 2026 orders to $10.81 billion for 94 vessels. HD KSOE, a unit of HD Hyundai Co., also reported strong first-qu…
Financial Timesfinance45 days ago
Macquarie Commodities Head Receives A$35 Million Pay as Energy Profits Rise
Simon Wright, head of commodities at Macquarie Group, received A$35 million in annual pay. The compensation exceeded that of the company's chief executive as energy markets generated strong returns. The Australian bank has been referred to as a 'millionaires’ factory' due to its…
Substrate placeholder — needs reviewpolitics45 days ago
Seoul Prosecutors Indict 9 in Alleged KOSDAQ Share-Price Manipulation Case
The Seoul Southern District Prosecutors Office announced the arrests of three ringleaders and indictments of nine others in a scheme that generated at least 1.4 billion won in illegal profits. The ring manipulated a KOSDAQ-listed company's stock from December 2024 to April 2025 u…
finance.yahoo.combusiness45 days ago
Bell Fires Workers for Alleged Attendance Misconduct as BCE Reports Mixed First-Quarter Results
Bell terminated a small number of corporate employees for violating its three-day-a-week office policy that has been in place since 2022. A lawyer representing more than 30 fired workers disputes the misconduct claims and alleges the terminations were motivated by cost-cutting. P…
pehub.comfinance45 days ago
JD Sports Closes 24 UK Stores as Part of Consolidation Plan
JD Sports Fashion closed 24 stores in the UK over the past year while reporting annual pre-tax profits of £852 million, down 6.4 percent from the previous year. The company said the closures are part of a strategy to operate fewer, larger stores. It widened its earnings guidance…
New York Postworld45 days ago
Gas Prices Rise After Iran Conflict Disrupts Oil Markets
Higher gasoline prices stemming from the Iran conflict are forcing lower-income households to drive less and allocate more of their budgets to transportation. Fast-food chains including McDonald's reported strong earnings but warned of potential pressure on future profits from re…
Semaforfinance46 days ago
Dubai Tourism Collapses as Gulf Airlines Resume Flights After UAE Reopens Airspace
Emirates Airlines reported record profits for the year to March after recommencing 75% of its routes. UAE airspace fully reopened on May 2, 2026, while regional carriers Etihad and Qatar Airways run most of their prewar schedules. European carriers have suspended most routes and…
koreaboo.compolitics46 days ago
Prosecutors Reject Arrest Warrant Request for Hybe Chairman
Prosecutors have again turned down a police request for an arrest warrant for the chairman of Hybe over allegations of unfair stock trading ahead of the company's 2021 initial public offering. The Seoul Southern District Prosecutors Office cited incomplete supplementary investiga…