August 20, 2008
Japan main opposition wants to end stock tax breaks
TOKYO, Oct 18 - Japan's current preferential tax breaks on stock trading should be phased out as planned by the end of 2008/09 because they give an unfair advantage to investors in equities, an opposition party executive said on Thursday.
Dow Closes Up 11, Nasdaq Gains 6
Wall Street wobbled through an indecisive session Monday, rallying late in the day and squeezing out a modest gain after the price of oil fell back from $66 a barrel. News of several large acquisitions carried some stocks higher.
Uhoh, Kerkorian wants 5% of GM
Kirk Kerkorian’s Tracinda Corp. wants to purchase a nearly 5 percent stake in General Motors for about $870 million that would boost his stake to almost 9 percent. The news shot GM’s shares 9 percent higher in stock trading. You should know Kerkorian’s name because he sued DaimlerChrysler because he said he was duped into believing in the “merger of equals”. GM has had no comment and Tracinda
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