NEW YORK “Made in USA” seems to resonate well beyond the USA Consumers in China are willing to pay a premium for certain products labeled “Made in USA” because they see them as more durable and of higher quality, a new study found. The report, by the Boston Consulting Group (BCG), found 61 percent of Chinese consumers would pay more for a product made in the United States. When products are of similar price or quality, about 47 percent prefer the U.S.-made alternative, more than double the number who would pick the Chinese-made item. “The Chinese consumer is quietly concerned [...]
Consumers may ogle the car painted lipstick-red, but they tend to go home with the prim one all in white. That’s what PPG Industries, a Pittsburgh-based company that makes paints for vehicles and airplanes, suggests in a report released this week. Twenty-two percent of new-car buyers worldwide pick white cars, putting the color at the top of the popularity list. And 20% choose silver, which was the most popular car color from 2001 to 2010, and only 9% opt for sexier shades of red. Here are the global preferences, which PPG says was culled from 2012 data and recent statistics [...]
A whopping 77 tax deductions, tax credits and other tax-saving laws expired on Dec. 31, 2011, according to a tally by the congressional Joint Committee on Taxation. This hodgepodge of individual and business tax breaks — some of which apply to large groups of taxpayers, others that are much more specific — have been on the books for years. But technically these laws are temporary. Each has a specific end date, typically the conclusion of a tax year. For the most part, Congress has extended them year after year. That’s why the collective bunch is referred to as “extenders.” Individual [...]
MADRID Spain’s Banco Popular has called a board meeting to approve a capital increase of up to 2 billion euros ($ 2.57 billion), newspaper El Pais reported on Sunday. The bank was highlighted in an independent audit by Oliver Wyman as one of the banks that would need extra capital to ride out a serious economic downturn. The report on Friday said that Spanish banks will need a total of 59.3 billion euros in extra capital in such a scenario. The board meeting would examine the capital increase and suspension of dividend payments, El Pais said without citing a source. [...]
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