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Insurers, small businesses praise move to delay Obamacare health insurance tax

“Both groups praised the introduction of the bipartisan Health Insurance Premium Reduction Act in the House on Thursday, which would lift Obamacare’s tax on health insurance in 2020” reports washingtonexaminer.com. After logging a victory in Congress to suspend a controversial Obamacare tax beginning in 2019, health insurers and small businesses are now setting their sights on 2020.Congress and the Obama administration suspended the health insurance tax for 2017 as part of a spending bill, but it went back into effect in 2018.By suspending the health insurance tax, the federal government…

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Inflation pressure creeps into more food-company earnings reports

“But prices were down, and there was weak demand from food-service companies” writes Ciara Linnane for marketwatch.com. Hormel said strength in refrigerated foods and international markets was offset by weak sales of grocery products, the division that includes Spam and Dinty Moore stew, and weak demand for Jennie-O Turkey products. Source: marketwatch.com Share This:

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TalkTalk suffers the costs of turnaround plan

“TalkTalk has swung into the red after absorbing a string of turnaround costs, while revealing its cut-price packages had lured back customers over the last year” writes Ben Marlow for telegraph.co.uk. The operator posted a pre-tax losses of £73m in the year to March 31, compared with profits of £70m the previous year, dragged down by £119m of turnaround costs. Around half its customers now signed up to one of these low-price deals.The company has been struggling to compete with rivals such as Sky and BT and has been forced…

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Heal raises $20 million to let doctors make house calls

“Heal has raised $20 million in a new round of funding to enable doctors to make house calls in more parts of the country” writes Dean Takahashi for venturebeat.com. So far, the company has helped save $40 million in health care costs, according to Desai.Heal’s proprietary technology platform lowers health care operating costs and bureaucracy by 65 percent, making Heal the first to offer house calls from licensed doctors at in-network rates, Desai said.He said it won’t help U.S. health care to cram more people into waiting rooms or further…

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Sell stocks as another correction is coming, strategist warns

“The bond market is signaling an upcoming correction and investors should sell their shares in listed companies, a strategist told CNBC Tuesday” writes Global Strategist At for cnbc.com. At the same time, the difference between long and short-term borrowing costs keeps narrowing, in what investors describe as a flattening of the yield curve. “Yields are going up and the yield curve is flattening, you very rarely get good outcomes from this,” Michael Howell, chief executive officer at Border Capital, told CNBC’s “Squawk Box Europe” Tuesday.This indicates that investors see debt…

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Pets At Home 2018 profit slides on one-off costs

“Pets At Home Group PLC (PETS.LN) said Tuesday that fiscal 2018 pretax profit fell 17% on one-off costs and price investments for its merchandise unit” writes Maryam Cockar for marketwatch.com. Revenue increased 7.8% to GBP898.9 million, with like-for-like revenue growth of 5.5% compared with 1.5% growth the previous year.For the financial year ended March 29, the pet-products retailer made a profit of 79.6 million pounds ($106.8 million) compared with GBP95.4 million the year earlier. The company said that for fiscal 2019, the second year of its three-year profit-growth plan, it…

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Even financial aid won’t help you cover these college costs

“If you think you’ve snagged just what you need to cover your college costs this fall, think again” writes unknown author for cnbc.com. Here are some examples of what schools are getting wrong about costs.Room, board, transportation expenses and other miscellaneous costs add to the actual cost of attendance and can vary sharply from your school’s best estimates.That’s because while universities give families an idea of how much it costs to attend school, those estimates can be inaccurate — particularly for students who opt to live off campus. Source: cnbc.com Share…

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Report: Trump Urged Postmaster General to Double Rates for Amazon, Others

“President Donald Trump personally urged U.S. Postmaster General Megan Brennan to double the shipping rates for Amazon and other companies, according to a Washington Post report” writes Sarah Gray for fortune.com. However, it’s not required to factor in costs like retiree benefits (a major Postal Service expenditure) into those prices.And some, like the president’s campaign manager Brad Parscale, have complained that the U.S. government is subsidizing Amazon through low USPS rates. Source: fortune.com Share This:

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Mastercard Survey Links Commercial Cards To Savings

“A new report from Mastercard links use of commercial cards to cost savings for businesses, according to reports in Verdict” reports pymnts.com. The travel and expense-management focus for commercial cards is also a high-growth area, Mercator found.Use of a commercial card program to manage employee travel expenses, however, reduces these operational costs and is linked to add-on benefits like travel insurance and rewards. Source: pymnts.com Share This:

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