Recent Posts

Maytag Profit Misses Forecasts

ATLANTA – Appliance maker Maytag Corp. (MYG), the focus of a blossoming takeover battle, reported lower-than-expected quarterly profit on Friday as sales gains were offset by higher steel and energy-related costs. The company, which has agreed to be acquired by a private equity group but has a higher offer from …

Read More »

Calif. Ban on Tobacco in Prison Begins

FOLSOM, Calif. – Randel Davis fidgeted in his prison blues, savoring one of his final hand-rolled cigarettes for some time before a ban on tobacco in California (search) prisons kicked in Friday. “I don’t know what I’m going to do,” said Davis, 44, who is serving the last six months …

Read More »

Senate Prepares for Estate Tax Vote

WASHINGTON – Senate Republicans will push for a vote this week on permanently repealing the estate tax (search) even though the GOP appears to lack enough support to get past Democrats’ objections. The tax has fallen as a result of gradually escalating exemptions and decreasing rates since President Bush’s tax …

Read More »