JERUSALEM (Reuters) - Intel Corp said on Tuesday it had submitted plans to expand its production operations in Israel, with the government saying the U.S. chipmaker would invest about $5 billion. FILE PHOTO - Intel processors are displayed at a store in Seoul June 21, 2012. REUTERS/Choi Dae-woong/File Photo Intel is one of the biggest employers and exporters in Israel, where many of its new technologies are developed. The new investment will upgrade its Kiryat Gat manufacturing plant in southern Israel, the company said in a statement. Intel did not provide financial details. Israel’s Finance Ministry said the company would invest about 18 billion shekels ($5 billion) in the factory between 2018-2020 and had agreed to spend 3 billion shekels on local suppliers. FILE PHOTO: Intel logo is seen behind LED lights in this illustration taken January 5, 2018. REUTERS/Dado Ruvic/File Photo “According to company officials, this investment is expected to pave the … [Read more...] about U.S. chipmaker Intel submits plans for $5 billion Israel expansion
S corp tax return
CINCINNATI--(BUSINESS WIRE)--Apr 26, 2018--Milacron Holdings Corp. (“Milacron”) (NYSE: MCRN), a leading industrial technology company serving the plastic processing industry, today announced financial results for the first quarter ended March 31, 2018.“Milacron is off to a strong start in 2018 with 3% constant currency sales growth and Adjusted EBITDA growth of 11%" said Milacron Chief Executive Officer, Tom Goeke. "Our consumables businesses reached 68% of total sales in the first quarter driven by double digit hot runner growth and we also experienced continued strength in China and India. Milacron is continuing to make great progress in the execution of our strategic initiatives and remain focused on delivering on our commitments."Milacron Chief Financial Officer, Bruce Chalmers, added, "As we continue to generate free cash flow, we made a $25 million voluntary payment on our term loan in February and have planned an additional $25 million voluntary payment … [Read more...] about Milacron Holdings Corp. Reports First Quarter 2018 Results
Most people aren’t at a loss for ideas on how to spend a cash windfall. With bills to pay, savings accounts to fortify and even the most modest of vacations to plan, the dilemma is deciding what to drop from the list. The IRS reports that the average tax refund so far this year is close to $3,000 — not crazy, change-your-life-forever money, perhaps, but definitely in improve-your-financial-standing territory. How best to deploy those dollars? 1. If you’re paying double-digit interest on any debt The opportunity to wipe a high-interest debt from the books should be irresistible. Instead, using a refund to pay off a credit card balance feels far from a joyous event and more like a big financial killjoy. Nothing could be further from the truth. Paying off a $3,000 balance sitting on a credit card charging 15% interest amounts to $450 in savings. Guaranteed. A 15% guaranteed return is certainly an investment worth bragging about, which is why the advice to use an IRS … [Read more...] about 5 great ways to invest your tax refund
Mozilla last week announced that revenue in 2016 exceeded $500 million, the first time it broke the half-billion-dollar bar, while development costs climbed 6% as the organization worked up Firefox Quantum, the revamped browser it shipped in November.The bulk of the $520 million in revenue for the Mozilla Foundation came from royalty payments, with most of that coming, as usual, from deals struck for the default search engine spot in Firefox. Mozilla Foundation is the nonprofit that in turn runs Mozilla Corp., the commercial organization that creates and services Firefox for Windows, macOS, Linux, iOS and Android.According to Mozilla's just-released financial statement for 2016, $504 million, or 97% of all revenue, came from royalty payments. The percentage of revenue derived from royalties has never dipped below 91% - Mozilla's fortunes have always been tied to Firefox's search contracts - but 2016's portion was lower than the 99% record set in 2015.Search deals composed 94% of the … [Read more...] about Mozilla’s record 2016 revenue funded its Firefox Quantum browser
Welcome back to tax season, I’m Jeff Battersby and I’ll be your guide for all things related to filing your taxes online. This year we’re going to look at the usual suspects, TurboTax and H&R Block. We’ll also look at TaxAct Online (last year’s newcomer), and Tax Slayer (this year’s newcomer). When it comes to filing taxes the basics are essentially the same: You provide your financial information and the tax software uses an interview process to gather that information, minimize your tax liability, and, with some luck and good data, maximize your refund and reduce your stress level. All of these online services offer various try-before-you-buy options that let you fill out your forms and then pay when it’s time to file. It’s important to note that all these app also charge more money the closer you get to tax time. We’ve included some links to paid versions on Amazon, so before you buy anything, make sure you’re … [Read more...] about H&R Block, TaxAct, TaxSlayer, and TurboTax: Which tax program is right for you?