Business/Finance Feed

Unilever Has Rejected a $143 Billion Merger Bid From Kraft Heinz | Fortune.com

Kraft Heinz Co (khc, +0.66%) has proposed a $143 billion offer with Unilever in what would be one of the biggest deals ever, but the Anglo-Dutch consumer goods company has declined.

A deal with Unilever, which had a market value of $125 billion before its shares spiked, would add Hellmann's mayonnaise, Ben & Jerry's ice cream and Knorr soups to a portfolio that includes Heinz ketchup and Kraft Macaroni and Cheese.

"Kraft confirms that it has made a comprehensive proposal to Unilever about combining the two groups to create a leading consumer goods company with a mission of long-term growth and sustainable living," Kraft said in a statement.

Unilever said the offer of $50 a share, made up of $30.23 in cash and the rest in stock, "fundamentally undervalues" it.

via fortune.com


Follow the money: The REAL reason Democrats are up in arms about Iowa's Collective Bargaining Agreement

Mike Thayer 2016 (2)By Mike Thayer

Elected Democrats are upset that a Republican bill to change how collective bargaining for public sector employees happens is going to pass.

Why are the liberal heads upset?  Because a change to the current way collective bargaining is done for public sector employees in the state of Iowa will mean a big drop in political contributions to those elected officials.  Unions tend (more like always) to back Democrat candidates.  And if this bill gets signed into law by Governor Branstad - and it looks like it will - Unions won't be able to bully workers into paying for political agendas like they used to.

Republicans are pushing a bill that changes the current collective bargaining rules for 'public sector', a.k.a. government workers in the state of Iowa.   First and foremost, the bill eliminates the longtime practice of gathering union dues through payroll deductions (mandatory in a union shop).  That's a big deal to both sides. 

For Democrats it means their faucet flow of automatic political campaign contributions is going to be restricted moving forward.  What used to be mandatory unions dues taken through payroll deductions - automatic cash flow for union/political agendas - will now be voluntary for employees.   Moving forward, employees will decide how/if they will pay union dues, it won't be forced on them, what a novel idea!  Don't believe the Democrat claims that this is somehow about how the new rules 'hurt' middle class jobs and wages.....  Make no mistake, this is REALLY about Democrats being upset about their political cash flow.  The liberal-minded claims that this bill hurts the middle class, that this bill somehow hurts the children (in the case of teacher's unions), or that this bill will somehow adversely effect public safety are completely bogus!

For Republicans, this new rule also means a reduction in Democrat cash flow......  It's easier to run a political campaign when you know the opposition isn't so flush with cash.   So do you believe the Republican claims that current collective bargaining rules are not fair to Iowa taxpayers, that they don't have a voice when it comes to having a presence at the collective bargaining table?  That argument has merit, under current collective bargaining rules, no, Joe Taxpayer doesn't really have a voice at the table, it's government head vs. union head.....  That's a no-win situation for the average taxpayer.....  But do know what the true motivating base factor is in this legislation, for BOTH sides....  It's about the political cash flow.

In addition to putting a stop to mandatory union dues collections through payroll deduction, the bill also alters how unions are certified.  Unions will now have to be re-certified prior to each new contract negotiation.  Long term, this puts more power back into the hands of employees, rather than union heads.  Democrats don't like that.  If employees choose not to belong to the union, the union loses power and influence politically......  The union, the political agenda, the politicians, lose cash flow.

The bill also changes arbitration rules.  Unions involved in public safety will sustain current law, to be able to bargain for not only base wages, but for insurance, hours, vacations, holidays, overtime compensation and health/safety concerns as well.  Why public safety gets a pass is illogical, one would think there should be consistency in rules for all public sector unions.....   Chalk that one up to political gaming....  For non public safety unions, they will be able to bargain for base wages, but issues such as insurance, hours, vacations, holidays, etc., must be agreed upon before bargaining can begin.  That just makes sense.  Both sides know what the agenda is, before negotiations begin.

With just about anything political, it's really about the money, NOT what politicians are telling you in window dressing fashion......



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Applications for Unemployment Benefits Edge up 5,000 | Business News | US News

WASHINGTON (AP) — The number of Americans filing for unemployment benefits rose slightly last week but still remained at a level indicating a healthy job market.

THE NUMBERS: Claims for unemployment benefits rose by 5,000 last week to a seasonally adjusted 239,000, the Labor Department reported Thursday. The increase came after claims had dropped to 234,000 the previous week, the second lowest reading in the past year. The less-volatile four-week average edged up a slight 500 applications to 245,250. That marks 102 consecutive weeks in which claims applications have been below the key threshold of 300,000, the longest stretch since 1970.

THE TAKEAWAY: Jobless claims are a proxy for layoffs. The low level for claim applications suggests that employers remain confident enough in the economy to be focusing on hiring new workers and retaining the employees they have.

KEY DRIVERS: Employers added 227,000 jobs in January as the unemployment rate ticked up slightly to 4.8 percent, still in line with the level that the Federal Reserve views as indicating full employment. The jobless rate rose in January largely because more people entered the labor market to look for work.

via www.usnews.com


Trump signs repeal of transparency rule for oil companies | TheHill

President Trump signed legislation Tuesday to repeal a controversial regulation that would have required energy companies to disclose their payments to foreign governments.

The legislation is the first time in 16 years that the Congressional Review Act (CRA) has been used to repeal a regulation, and only the second time in the two decades that act has been law. It is the third piece of legislation Trump has signed since taking office three weeks ago.

It is the start of one front in an aggressive deregulatory effort that the Trump administration and the GOP Congress are undertaking to roll back Obama-era rules on fossil fuel companies, financial institutions and other businesses that they say have suffered for the last eight years.

via thehill.com


Fresh US drilling capping oil price: OPEC

Renewed drilling by US oil producers is keeping a ceiling on a global crude price recovery, cutting into the impact of deep reductions by other major producers, OPEC said Monday.

In its latest oil market report, the Organization of the Petroleum Exporting Countries said its members last month reduced output by 890,000 barrels per day according to secondary sources.

The International Energy Agency said last week that the initial rate of compliance with a landmark deal to reduce the global oil glut was 90 percent.

via www.dailymail.co.uk


Sears, Kmart Join Other Retailers in Dropping Trump-Branded Merchandise - ABC News

Yet another retailer has dropped Trump-branded merchandise.

Last week Nordstrom and Neiman Marcus announced they were dropping first daughter Ivanka Trump's eponymous collection.

Now, Sears Holdings -- parent company of Sears and Kmart -- has announced a similar move, dropping Trump Home items.

"As part of the company's initiative to optimize its online product assortment, we constantly refine that assortment to focus on our most profitable items," a spokesman for Hoffman Estates, Illinois-based Sears Holdings told ABC News in a statement Saturday. "Amid that streamlining effort, 31 Trump Home items were among the items removed online this week. Products from the line are still offered online via third-party Marketplace vendors. Neither Sears nor Kmart carries the line in brick-and-mortar stores."

The Trump Home collection includes furniture, lighting, and bedding.

via abcnews.go.com


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Reach the corridor audience with a LOCAL search directory run by LOCALS.  Get listed in Corridor Search.  It's easy, it's direct, it's cost effective, it's LOCAL and mobile friendly.  And once you're listed, you're always listed.  That's right, no renewals, no sales calls, it's just a one-time $30 set-up fee to get listed forever and take advantage of unlimited updates!  You can change/update/add to your message at any time.   Running a special?  We'll post it.  Holding an event?  We'll post it.  Just want to say you had a great weekend, "Thank you patrons" or "Congratulations Hawkeyes?"  We'll post it!   We promote you online, it's what we do.

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Winkel, Parker & Foster, CPA PC

WPFOur firm provides outstanding service to our clients because of our dedication to the three underlying principles of professionalism, responsiveness and quality.

Professionalism

Our firm is one of the leading firms in the area. By combining our expertise, experience and the energy of our staff, each client receives close personal and professional attention.Our high standards, service and specialized staff spell the difference between our outstanding performance, and other firms. We make sure that every client is served by the expertise of our whole firm.

Responsiveness

Our firm is responsive. Companies who choose our firm rely on competent advice and fast, accurate personnel. We provide total financial services to individuals, large and small businesses and other agencies.To see a listing of our services, please take a moment and look at our services page. Because we get new business from the people who know us best, client referrals have fueled our growth in the recent years.
Through hard work, we have earned the respect of the business and financial communities. This respect illustrates our diverse talents, dedication and ability to respond quickly.

Quality

An accounting firm is known for the quality of its service. Our firm's reputation reflects the high standards we demand of ourselves.Our primary goal as a trusted advisor is to be available and to provide insightful advice to enable our clients to make informed financial decisions.  We do not accept anything less from ourselves and this is what we deliver to you.  We feel it is extremely important to continually professionally educate ourselves to improve our technical expertise, financial knowledge and service to our clients.  Our high service quality and "raving fan" clients are the result of our commitment to excellence.  We will answer all of your questions, as they impact both your tax and financial situations.  We welcome you to contact us anytime.

Peer review results

Every three years, CPA firms are required to obtain an independent peer review of their system of quality control for their accounting and auditing practice.  The most recent peer review report received by Winkel, Parker & Foster, CPA PC expressed an unqualified opinion.  Our firm received a rating of pass, which is the most positive report that can be received.

via wpf-cpa.com


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