He replaces NealShearNeal Shear, who will go back to leading Morgan Stanley's commodities business.
He replaces Neal Shear , who will go back to leading Morgan Stanley's commodities business.
But does the federal government really need to be in the commodities business?
Unless your service is worth the premium, you are in the commodities business.
Kreinberg, who headed the performance chemicals unit, wanted Dow to dump its commodities business, arguing that it was dragging down his more profitable division.
Liveris has been carving out assets in Dow's lower-margin commodities business and placing them into joint ventures with partners in emerging markets like the Middle East, China, Russia and Brazil.
The merger, which analysts expect to survive antitrust scrutiny, will give Dow a greater presence in Asia, the Middle East and parts of Europe in its basic commodities business, as well as slightly increase, to 62% , revenues from noncyclical products.
Moreover, China demand for all of those commodities kept business flowing, and jobs growing throughout the agribusiness supply chain, according to government data.
ADM's core business is the processing of commodities like corn, which are destined for food or beverage products.
If successful, this could lower the cost of entry into the mobile-telephone business and turn handsets into commodities, much like PCs are now.
The 23-year veteran banker, who started his career buying and selling commercial paper rather than joining his family's commodities-trading business, has what he believes are the makings of a global institution.
They traded eggs, then they traded futures contracts on eggs, then they traded futures contracts on other commodities, and the business grew from there.
Freight business includes transport of bulk mineral commodities, including iron ore, agricultural products, mining and industrial inputs and general freight throughout Queensland and Western Australia.
ETFChannel.com employees and affiliated entities may have positions or business interests in securities, ETFs or commodities covered.
Lastly, the trade or business cannot be the trade or business of trading in financial instruments or commodities.
FORBES: Overview Of The New 3.8% Investment Income Tax, Part 1
Employees, and other related entities to ETFChannel.com may have positions or business interests in securities, ETFs or commodities covered.
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Being in the right business--lately, oil and other commodities--is a big help.
Such taxpayers are generally exempted from the 3.8% Medicare Surtax unless their business either (a) is a passive activity with respect to such taxpayer or (b) is a trade or business involved in trading in financial instruments or commodities.
The firm had difficulty making money in commodities trading in the quarter, a business that led to gains at rivals like Goldman Sachs, which reported far better than expected profits on Tuesday.
The power of Wall Street, in effect, to corner markets worldwide in vital basic commodities, has played havoc with the business cycle and has fostered bubbles, allowing them to occur more often and with ever increasing amplitudes.
The firm had difficulty making money in commodities trading in the quarter, a business that led to gains at rivals like Goldman Sachs (nyse: GS - news - people ), which reported far better than expected profits on Tuesday.
While Goldman is the gold standard in the trading business, with its fixed income, currencies and commodities trading division one of the most profitable in the industry, the macro environment has a been difficult one for trading in the last half of the year.
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Wall Street, where commodities trading has become an important and controversial business, ought to feel threatened by what looks like a giant unregulated financial firm with profitability ratios far greater than those posted by the biggest investment banks.
Taxpayers are also subject to the 3.8% Medicare Surtax on gross income derived during the ordinary course of a trade or business (a) of trading in financial instruments or commodities, or (b) is considered a passive activity with respect to the taxpayer.
Our consumption of commodities and perhaps more importantly, the trading and risk management of those commodities are an essential and growing part of global business.
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He started trading commodities more than 30 years ago after receiving a business loan from his uncle, and eventually built the Dangote Group, which in addition to cement owns sugar refineries, flour milling and salt processing facilities.
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Finally, active partners don't owe the 3.8% tax on their share of a partnership's business income, unless it's from trading financial instruments or commodities, says Monte Jackel, a tax expert in Silver Spring, Md.
Japanese trading houses, long big players in global energy and commodities markets, recently have stepped up acquisitions in the global water business.
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