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Big business, not workers, who benefit from this plant. let s separate the facts from the spin. cnn s alison kosik look at what this means for you six months in. six months ago the corporate tax became law. they cut the taxes for companies. in the first quarter, it fell by more than $117 billion. so how are companies spending all their extra cash? they re buying their own stock back, raising shareholder dividends and investing in their businesses. in the first quarter, stock buybacks for s&p 500 companies topped $187 billion. that s a record, the best since right before the recession in 2007. s&p 500 companies also added more than $24 billion in shareholder dividends. dividends are basically a quarter cash benefit for ....
Congress to the president s des desk. singapore-based technology company broad calm is officially withdrawing its $117 billion bid to buy u.s. chipmaker qualcomm. this comes two days after president trump blocked the takeover citing national security concerns. some feared broadcom s purchase would displace the u.s. from a leading role in the new 5g technology. a former equifax executive who sold his shares for nearly $1 million just before the company s massive data breach was announced is facing insider trading charges tonight. former chief information officer jun ting has been indicted and charged. almost 150 million americans have their information compromised because of the data loss. we could be nearing the end of an iconic u.s. retailer. toys r us telling its ....
Chief business correspondent christine romans in our money center with more. she making a better case of national security here than he did with the tariffs? he is. you know, this is a real america first thing here. he s blocking a $117 billion merger between two huge chip makers the computer chips touch smart phones to cars. the president ordering singapore-based broad come to end its hostile takeover of qualcomm. the white house says there s credible evidence broadcomm might take action to threaten the national security of the u.s. they re concerned china broadcom is known for cost cutting to slow qualcomm s invest to cause the u.s. to fall behind china in the race to 5g. the treasury secretary steven mnuchin said it was based on solely national security sensitivity. this isn t the first time the administration blocked foreign investment, especially where ....
Against each other. reporter: the president will actually meet with us marines and get a fundraiser in los angeles. donald trump just stopped what would have been the largest acquisition ever. jillian: why the presidents of the broad bid as a national security threat. reporter: $117 billion deal the president put a stop to yesterday blocking the singapore-based takeover of chipmaker qualcomm saying it was a threat to national security. here s what he said, there is credible evidence that brought down s limited exercise control of qualcomm might take action threatening to impair national security in the united states. ....
Tillerson arrived home from a trip across africa. an aide says they hope to hold the confirmation hearing by april. u.s. just tweeted this about pompeo. congratulations, my friend and soon to be secretary of state mike pompeo. great decision by the president. u.s. secretary of the interior is testifying right now before a senate energy and natural resources committee. the committee is examining the president s budget request for the department of the interior for fiscal year 2019. he is expected to be asked about his taxpayer funded expenses while traveling. defense secretary james mattis made a surprise visit to kabul, afghanistan this morning. he s set to meet with top u.s. commanders. earlier, he told reporters he believes a peace settlement between the afghan government and the taliban is possible. president trump blocked a $117 billion merger between broadcom and qualcomm in an effort to prevent a breach in national security. in a presidential order, trump ....