Live Breaking News & Updates on Profit basic

Stay informed with the latest breaking news from Profit basic on our comprehensive webpage. Get up-to-the-minute updates on local events, politics, business, entertainment, and more. Our dedicated team of journalists delivers timely and reliable news, ensuring you're always in the know. Discover firsthand accounts, expert analysis, and exclusive interviews, all in one convenient destination. Don't miss a beat — visit our webpage for real-time breaking news in Profit basic and stay connected to the pulse of your community

Detailed text transcripts for TV channel - FOXNEWS - 20120120:00:22:00

352,000. that's the sharpest one-week drop since 2008. of course, some folks are still somewhat pessimistic about the future. a survey of nearly 10,000 harvard business grads find a lot of them expect the united states to become even less competitive. 45% say they expect the u.s. to have more trouble competing in the global economy. 66% say the u.s. is falling behind emerging economies, including china, brazil, and india. and today another indicator of the nation's tough economic times with the big name company going bankrupt. the fox business network's gerri willis is with us now. eastman kodak filed for chapter 11. eastman kodak has been around longer than you and me together. >> 130 years, my friend. do you know they haven't had a profit in eight years? what's more, they have laid off 47,000 people since 2003. so they have had a heck of a time. >> shepard: different business model. >> digital. late to the party. what they hope to do in

Lot , Us- , Folks , Course , Survey , Drop , Harvard-business-grads , 352000 , 2008 , 10000 , One , Say

Detailed text transcripts for TV channel - MSNBC - 20120120:10:15:00

big blue also promised 10% growth in 2012. elsewhere in late trade, tech titans intel and microsoft both delivered decent reports. they say stocks are both higher. a 12% rise in profit in american express helped it surpass earnings estimates. overseas, swedish retailer ikea reported a healthy jump in profit and revenue. earlier in the day, stocks were steady thanks in part to the biggest drop in weekly unemployment claims since 2008. inle investors also rows morgue an stanley shares. southwest airlines also topped estimates despite higher fuel costs. general motors is once again the top selling automaker overtaking toyota by selling nine million vehicles last year. rupert murdoch's media empire will pay a million dollars in

Rise , Profit , Stocks , Reports , Trade , Growth , Elsewhere , Tech-titans-intel , Microsoft , American-express , Big-blue , 12

Detailed text transcripts for TV channel - FOXNEWS - 20120120:12:47:00

question. >> go ahead. >> mitt romney has said that we should judge him by his role in the private sector, that he has 25 years of experience in the private sector. well, when looking closely at that experience, what his role at bain was was to -- as his partner specifically said that he never thought of their job as being job creators, their role was to make money for their investors. to dismantle -- which was done by dismantling companies, by deliberately bankrupting. >> do you understand that his investors -- >> right here in south carolina. right here in south carolina they did that. bain capital came in and devastated a community by forcing the company into bankruptcy and making sure they could make a profit. that's what he did and that's the contrast between president obama and what he's doing -- >> go ahead. >> well, there's more -- if there were just one, it wouldn't be enough. but there's -- >> 70% of his company that he took over, failing companies were successful.

Mitt-romney , Question , Role , Sector , Experience , Bain , 25 , Money , Investors , Job , Partner , Dismantling-companies

Detailed text transcripts for TV channel - KGO - 20120120:11:33:00

nature of much of the news media makes it harder to govern this country, harder to attract decent people to run for public office. and i am appalled that you would begin a presidential debate with a topic like that. [ cheers and applause ] >> reporter: the candidates were eager to pivot to policy issues. mitt romney was once again on the defensive about his career in business, including his work as the head of a venture capital firm that downsized companies. >> i find it kind of strange on a stage like this with republicans having to describe how private equity and venture capital work and how they're successful and how they create jobs. there's nothing wrong with profit, by the way. >> reporter: gingrich and rick santorum are battling to be the anti-romney choice for south carolina's conservative voters. >> these two guys were playing footsies with the left. >> reporter: during the debate gingrich's campaign released his tax returns, ramping up the pressure for romney to do the same. >> when they're completed this year in april, i'll release my returns in april and probably for other years as well. >> reporter: gingrich and santorum took their best shots to try and knock romney out of

People , Debate , Country , News-media , Much , Public-office , Nature , Reporter , Mitt-romney , Candidates , Topic , Companies

Detailed text transcripts for TV channel - FOXNEWS - 20120119:19:18:00

goes on. the financial industry got hit recently. so you do not know in your industry what the next regulation coming down is and how much that will cost you. so why would you go out on a limb and bring an employee on, the cost of training this person only to have to let them go in the next 12 months. large corporations don't know what their profit are going to be because the regulations directly affect their proifts as well. so you will get hit open both side. their customers are getting hit. we are talking about small businesses here. it is literally a situation where if they hire one more person they could be responsible for providing healthcare. they don't, they aren't. >> it's a huge issue. particularly with small businesses. it's the cutoff point. i think it's 50. 49-50. it makes a huge difference. megyn: you mention the taxes. right now do they know what

Industry , Regulation , Hit , Out-ona-limb , Employee , Person , Regulations , Profit , Corporations , Cost , Proifts , 12

Detailed text transcripts for TV channel - FOXNEWS - 20120119:18:35:00

profit. as we can see from these classic commercials, everybody trusted their memories to kodak, so it is a sad day, no doubt. megyn: sure is. ashley, thank you. well, president obama -- stand by. all right. president obama launching his first television ad of his re-election campaign. the advertisement is focused on defending his energy record. take a listen. >> independent watchdogs call this president's record on ethics unprecedented, and america's clean energy industry 2.3 million jobs and expanding rapidly. for the first time in 13 years, our dependence on foreign oil is below 50%. president obama kept his promise to toughen ethics rules and strengthen america's energy economy. megyn: this ad coming just one day after the president said no to the keystone pipeline project. joining me now to discuss it, tara dowdell, former aide to governor mcgreevey and political strategist, and tucker carlson,

Megyn-kelly , President-obama-didn-t , Everybody , Kodak , Commercials , Memories , Profit , Ashley-webster , No-doubt , Record , Listen , Campaign

Detailed text transcripts for TV channel - FOXNEWS - 20120118:16:17:00

closer to the 15% rate than anything because my last 10 years i've, my income comes overwhelmingly from investments made in the past rather than ordinary income or whether earned annual income. jenna: steve moore is senior economics writer of "wall street journal" has a piece online about this whole conversation, steve. 15% that is low low rate. if you look at the headline it can be misleading. why is that? >> yeah, jenna, great to be with you. think about where mitt romney gets his income from. this is important fiscal lesson for people to understand about our tax system. mitt romney is an owner in major businesses, most of which are corporations, jenna. and as you know, we have something called a corporate income tax. so that's 35% tax rate is taken right off the top of any profit that is a company makes. now if you're somebody like mitt romney or just an average investor, when you pay that 15% capital gains or dividend tax, jenna, that is after the company has

Jenna-lee , Rate , Anything , Income , Investments , Steve-moore , 15 , 10 , Conversation , Great-to-be-with-you , Headline , Economics-writer

Detailed text transcripts for TV channel - FOXNEWS - 20120118:19:31:00

here is a clip featuring my next guest. >> and then at the very end, they decided to shut the doors. i was scared. very scared. shortly after that in december of '07 my daughter was diagnosed with leukemia. that is one of the things we worried about is dropping our insurance and going out on our own and not having understand with a job was really scary. >> romney and bain gutted the workforce and now they were ready to make a handsome profit. >> we were --

Doors , Guest , One , Things , Daughter , Leukemia , December-of-07 , 07 , Job , Insurance , Mitt-romney , Profit

Detailed text transcripts for TV channel - FOXNEWS - 20120118:11:26:00

>> why do we tax investment income at 15%? why do we do that? it seems unfair. the answer is we put a low tax rate on people who put their money to work to grow the economy. you invest in a business, a house, a stock, or a bond. you're putting your money in. you take it out for a profit and you pay a low tax on it. that encourages investment which encourages growth for the economy. there's one point you got to make here. if you make a profit in less than one year, you pay 35% on your income. that's a short-term capital gain and you pay the same rate as ordinary wages and salaries income. >> did he ever pay 35%? for example, if you make $350 million or whatever he's worth, it didn't all come from stocks and investment. so he paid at some point the highest end. >> i don't know how you can break down when he paid what. i don't know how you can do that because it depends on the time frame and when he actually took the money out. but this election, the coming election is going to be about

People , A-house , Money , Tax-rate , Economy , Answer , Investment-income , Business , Stock , Bond , 15 , Tax

Detailed text transcripts for TV channel - FOXNEWS - 20120118:18:20:00

because you can't go to russia and shut them down under any piece of legislation we're going to pass in america. what you have to do is have a technique to quickly determine that they're doing it and then go to visa, mastercard, pay pal, with injunctions to be able to say stop shipping money to these people for their joan load -- download. very quickly, if they can't profit from the internet, they're not going to be doing it. it was proven in internet gaming this is the technique, it's why we're promoting a fix, that the internet agrees with, and that the comp head industry would get what they want protection from. remember, this -- you can still sue them. megyn: here's what i want to know. if you succeed in going after the folks offering the boot legged products, what's next? the handbags on the the streets here on the corners of new york city? because a lot of us really like those, like the gucci bags, we like to believe it's real and not stolen! >> here's the case in the gunn -- gucci bags or the

Us- , Technique , Injunctions , Piece , Legislation , Mastercard , Russia , Pay-pal , Visa , People , Money , Internet