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Corporate tax cut isn’t just a giveaway to rich

Corporate tax cuts are becoming a hot-button issue. Economist Larry Summers, a frequent policy adviser to Democrats, has denounced President Donald Trump’s corporate tax plan as a giveaway to the rich. Meanwhile, Kevin Hassett, the chairman of Trump’s Council of Economic Advisers, has claimed that the plan would increase average wages by anywhere from $4,000 to $20,000 a year. The ...

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KKR helps call timeout in India’s billionaire dogfight

After a year of bloodletting, India’s telecom industry is on the cusp of a well-deserved breather. But don’t look for the billionaires in this dogfight to declare a truce. Bharti Airtel Ltd., controlled by Sunil Mittal, is still struggling to hold on to price-sensitive customers in smaller cities and towns, whereas Vodafone Plc’s local unit, as well as Idea Cellular ...

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Tepid demand for latest iPhone a concern for Apple

It was always going to be tough to get a handle on the initial sales success of the latest iPhone models. But some early signs are not encouraging for Apple Inc. The latest dour data came from AT&T Inc.. As part of an early disclosure of selected third-quarter financials, the company said the number of its mobile subscribers that had ...

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