Who’s Still in Amazon’s HQ2 Contest: DealBook Briefing

  • 6 years ago
Who’s Still in Amazon’s HQ2 Contest: DealBook Briefing
In fact, the total cost of the wage increases and bonuses “will amount to just 1.75 percent of the banking industry’s noninterest expenses in 2018.”
Morgan Stanley reported a profit of $686 million, including a one-time charge on $990 million related to the new tax law.
Though Goldman’s $1.9 billion loss for the fourth quarter was
because of a $4.4 billion charge related to the new tax law, the big number was 50 percent.
The bank’s fourth-quarter advisory revenue, down 6 percent “on lower levels of completed
M&A activity.” Goldman reported 9 percent decline in advisory revenue.
People would lose their minds if Amazon picked Toronto
— Michael J. de la Merced
As it repatriates most of its $252 billion cash hoard from foreign subsidiaries, Apple
has become a triumphant example for Republicans of what the new tax law can do.