Tuesday, February 25, 2020

Business Community Hopes to be Prioritized in Murphy’s Budget | NJ Spotlight

Businesses fear higher taxes are coming, and ahead of Gov. Phil Murphy's budget address, they're out to show why that would be a bad idea.

The state's largest business lobby group, the New Jersey Business and Industry Association (NJBIA), yesterday released its 2020 Business Climate Analysis, which shows that once again, New Jersey ranks worst in the region on competitiveness and affordability.

Publisher: NJ Spotlight
Date: 2020-02-25T05:10:45 00:00
Twitter: @njspotlight
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Quite a lot has been going on:

NFIB: Gov. Murphy Budget Likely to be a No Starter for Small Business

Gov. Murphy Budget Likely to be a No Starter for Small Business
Already overtaxed and over-regulated with no relief in sight

TRENTON Feb. 25, 2020 – Today, NFIB, the leading small business association in New Jersey, expects to Governor Phil Murphy's budget proposal to include a millionaires tax and a significant amount of additional spending that is likely to require additional taxes or fees. If that's the plan, it creates great concern because the costs are likely to fall upon small businesses in the state. Eileen Kean, state director of NFIB in New Jersey , offered the following quotes:

Publisher: Insider NJ
Date: 2020-02-25T17:27:15 00:00
Author: Insider NJ
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Denbury Reports 2019 Fourth Quarter and Full-Year Results, 2020 Capital Budget and Estimated

PLANO, Texas, Feb. 25, 2020 (GLOBE NEWSWIRE) -- Denbury Resources Inc. ( DNR ) ("Denbury" or the "Company") today announced its fourth quarter and full-year 2019 financial and operating results, along with its 2020 capital budget and currently estimated 2020 production.

* * *

Sequential and year-over-year comparisons of selected quarterly information are shown in the following table:

Chris Kendall, Denbury's President and CEO, commented, "Denbury's fourth quarter 2019 results round out an exceptional year for the Company. Through the sustained focus of our dedicated teams, we beat our targets for all key performance measures, including safety, production, and all expense categories, and we achieved our highest free cash flow level since 2015. We also took significant steps towards further reducing our debt and strengthening our balance sheet.

Date: A9862C0E6E1BE95BCE0BF3D0298FD58B
Twitter: @YahooFinance
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Jason Blum on The Invisible Man & Blumhouse’s Low-Budget Strategy | Observer

Jason Blum doesn’t agree with 99% of Hollywood thinking. That’s why his model is working. El Pics/Getty Images

At the same time that he’s been helping to redefine modern conceptual horror, the the 51-year-old Los Angeles native has also been dismantling Hollywood’s economic model. While most studios and production companies are funneling their resources into $100 million tentpole blockbusters, Blumhouse has sprinted in the other direction. They rarely make a film for more than $10 million. The non-traditional approach has worked far more often than it hasn’t.

Publisher: Observer
Date: 2020-02-25T12:30:48 00:00
Author: http observer com author brandon katz
Twitter: @observer
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While you're here, how about this:

What Makes Avis Budget (CAR) a New Strong Buy Stock

Avis Budget Group (CAR) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.

A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.

Date: A9862C0E6E1BE95BCE0BF3D0298FD58B
Twitter: @YahooFinance
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Dish's $10 billion 5G network build-out budget may fall short - Business Insider

While the factors Ergen cited will undoubtedly lead to cost savings, there is still reason to doubt Dish's $10 billion budget will be enough. Here's why the current plan might not be viable: 

Publisher: Business Insider
Date: 2020-02-21
Author: Hirsh Chitkara
Twitter: @sai
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Analyst: Casper Streets Risk More Decline Without Budget Increase

But Casper needs to budget more sooner to maintain its half-billion-dollar streets asset if it wants to budget less later, a consultant told city council at a work session Tuesday.

In 2019, the city hired IMS Infrastructure Management Services, LLC, in Tempe, Ariz., to study its 285 miles of streets, and company manager Jim Tourek outlined the results to the council.

Figuring the average replacement for a typical roadway is $1,950,000 per mile, the city has $555,100,000 invested in its paved roads, not including the value of the land, according to the executive summary in IMS's report.

Publisher: K2 Radio
Date: 2020-02-25 19:50:01
Author: tommorton
Twitter: @k2radiowyo
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Singapore Budget 2020 extends and enhances business tax breaks–MNE Tax

Singapore’s Budget 2020 was delivered by Deputy Prime Minister and Minister for Finance, Heng Swee Keat, to the Singapore Parliament on 18 February.

Known as the Unity Budget, the proposal focuses on ensuring that Singapore remains business competitive; preserving jobs and helping businesses to mitigate the economic slowdown resulting from the twin effects of COVID-19 and the US-China trade war; and laying the groundwork for future industries and businesses.

Publisher: MNE Tax
Date: 2020-02-24T18:27:29-05:00
Twitter: @MNETax
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