Stocks modestly higher ... Trump tax plan ... Toyota recall
Oct. 18, 2017
NEW YORK (AP) — U.S. stocks moved modestly higher in afternoon trading, on course for the major stock indexes to set new records. Technology stocks and banks were among the biggest gainers as investors weighed the latest batch of company earning news. At 2:30 p.m. Eastern time, the Dow was up 160 points at 23,157. The Nasdaq composite was up 8 at 6,632 and the Standard and Poors 500 was at 2,563, up 3 and 3/4.
WASHINGTON (AP) — President Donald Trump says the nation faces a "once in a lifetime opportunity" to overhaul the tax system. Trump spoke during a White House meeting with a group of senators. The president his plan will provide the largest tax cuts in the country's history. It calls for a large cut to the corporate tax rate, and an end to the estate tax.
WASHINGTON (AP) — Millions of Americans would lose a prized tax break under President Donald Trump's sweeping revamp of the tax code, but corporations would get to keep it. The Republican proposal would eliminate the federal deduction for state and local taxes, a widely popular break used by some 44 million Americans. But corporations wouldn't be affected.
NEW YORK (AP) — Getting a bank loan is still a struggle for many women who own businesses. A survey conducted this summer found that 30 percent of companies owned by women were able to get bank loans during the previous three months, compared to half of all the owners surveyed. The survey was conducted by researchers at Pepperdine University and Dun & Bradstreet Corp.
DETROIT (AP) — Toyota Motor Co. is recalling 347,120 Sienna minivans worldwide because they can shift out of the "park" position and roll away. The recall involves Siennas from the 2005-2007 and 2009-2010 model years. Most are in the U.S. Toyota also is recalling 24,000 in Canada, 13,000 in Mexico, 100 in Europe and 20 elsewhere.