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News (15)


NM lawmakers suggest revamping film-incentive cap
The film industry has received nearly $405 million in tax refunds since the incentives were enacted in 2002. The film-tax refunds peaked at $96 million in 2011.
money.msn.com/business-news/article.aspx?feed=AP&date=20140724&id=17803161

Feds cap fines for not buying health insurance
Otherwise, the IRS will let people know what's owed or hold back the amount of the penalty fee from future tax refunds, but there are no liens or criminal penalties for failing to pay. Some residents, including prison inmates, are exempt from the penalties ...
money.msn.com/business-news/article.aspx?feed=AP&date=20140724&id=17805528

Lawmaker suggests revamping NM film incentive cap
Gov. Susana Martinez sought to cut the incentives in 2011 but agreed to legislation limiting tax refunds to $50 million annually. The refunds peaked at $96 million in 2011. Martinez signed legislation last year to sweeten the tax incentives for certain TV ...
money.msn.com/business-news/article.aspx?feed=AP&date=20140723&id=17798725

AP source: Thieves got into 1K StubHub accounts
The company detected the unauthorized transactions last year, contacted authorities and gave the affected customers refunds and help changing their passwords, he said. It's unclear whether the digital prowlers then exploited their access to scoop up more ...
money.msn.com/business-news/article.aspx?feed=AP&date=20140722&id=17797177

NYC official: Thieves got into 1K StubHub accounts
StubHub said it was alerted to "a small number of accounts that had been illegally taken over by fraudsters" last year, contacted authorities and gave the affected customers refunds. While prosecutors said they weren't certain how the alleged thieves got ...
money.msn.com/business-news/article.aspx?feed=AP&date=20140723&id=17797253

Fun run's cancellation in US angers participants
Runners said they're angry because they aren't being offered refunds after paying registration fees of up to $100. Fees progressively climbed the closer the event approached. "It was wrong for them to take all of that money from people and then just cancel ...
money.msn.com/business-news/article.aspx?feed=AP&date=20140720&id=17789446

Which airline is the sorriest?
United Airlines (UAL), which had the highest rate of complaints filed at the DOT among major airlines the past three years, has a team of about 450 customer-care agents handling general issues and refunds. Add to that 400 people handing frequent-flier ...
money.msn.com/investing/post--whos-the-sorriest-airline

Grace Reports Second Quarter 2014 Adjusted EPS of $1.22
Income taxes paid in cash, net of refunds, were $16.4 million during the six months of 2014, or approximately 8 percent of income before income taxes. Net cash used for operating activities in the first six months of 2014 was $1.19 billion compared with ...
money.msn.com/business-news/article.aspx?feed=BW&Date=20140723&ID=17797511

Apple may refund $400M in digital book settlement
The company can easily afford to refund the money, given it has about $150 billion in cash. Millions of electronic book buyers will be eligible for refunds if Cote's decision is upheld, though the precise number wasn't spelled out Wednesday. More than 23 ...
money.msn.com/business-news/article.aspx?feed=AP&date=20140716&id=17781152

States sue 5-Hour Energy over ad claims
The lawsuit seeks monetary penalties as well as refunds to all Oregon buyers of the decaffeinated version of the product, which, according to the lawsuit, provides no extra energy or alertness. "Plainly and simply, in Oregon you cannot promote a product as ...
money.msn.com/business-news/article.aspx?feed=AP&date=20140717&id=17785300

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