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Old Dominick distillery open for business in

Loknath Das, , , , , ,

troops in Memphis during the Civil War. The family business sold products including a private-label liquor brand, Old Dominick, before Prohibition. D. Canale later ran an Anheuser-Busch distributorship and food division for decades before selling to larger companies. First cousins Chris Canale and Alex Canale describe themselves as fifth-generation owners of the distillery. Buy PhotoSpirit Maker Gregesha Williams (left) talks about the fermentation process during a tour of the new Old Dominick micro-distillery which opened to customers Monday with tours, a tasting room, and gift shop. (Photo: Jim Weber/The Commercial Appeal) Old…

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How Trumps Tax Proposal Could Impact His Own Business Empire

Loknath Das, , , , , , , , ,

President Donald Trump’s massive tax-cut proposal would slash taxes on hundreds of businesses he and his family own. The White House on Wednesday unveiled a proposal that would cut the top tax rate for corporations, as well as entities known as pass-through businesses, to 15 percent. That could prove to be a windfall for the Trump Organization, the private umbrella company for hundreds of Trump real estate, licensing and other companies, many of which qualify as pass-through businesses. Trump has refused to release his tax returns, making it impossible to…

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UK inflation steady at 2.3% in March business live

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The pound is currently up 0.25% at $1.2441, having been as high as $1.2445 and as low as $1.2404. FXTM research analyst Lukman Otunuga said: Sterling was volatile on Tuesday, with prices oscillating between losses and gains after markets digested the UK’s steady 2.3% inflation figure for March, which was the highest level since September 2013. The ongoing currency weakness created by Brexit, coupled with rising oil prices has elevated inflation above the Bank of England’s 2% target, with speculation mounting over CPI following its positive trajectory this quarter. Although…

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Cash is still king for Indian youth, especially for business

Loknath Das, , , , , , , ,

n India, 32% of youth are willing to deal in cash to help businesses survive, says the EY’s Europe, Middle East, India and Africa (EMEIA) Fraud Survey. Demonetisation, which aimed at hitting out at the cash element in the economy to curb corruption and black money, has had a mixed impact, according to the EY Fraud Survey 2017. While a majority of the respondents in EY’s Europe, Middle East, India and Africa (EMEIA) Fraud Survey support the stance taken by regulators and the government to curb corruption and bribery, the…

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Tesla’s China business is booming

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Sacconaghi: Bullish on Tesla long-term  Thursday, 9 Mar 2017 | 12:20 PM ET | 05:46 Elon Musk’s Tesla is a growing player in China, where the global fight to develop electric, self-driving cars is raging hot. Hong-Kong traded Tencent, a company best known for its WeChat messaging app, disclosed in a Tuesday filing that it’s taken a 5 percent stake in Tesla for $1.78 billion. The investment follows Tencent’s new stake in taxi-hailing app Didi Chuxing, which can be accessed through WeChat. “I think Tencent likely wanted exposure to a company…

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Meet Wesa: the primary professional business enterprise for E-sports players

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the sector of e-sports – the burgeoning commercial enterprise of professional video gaming – took a big step Friday with the statement that it’ll form its first participant’s employer, the sector Esports affiliation. The organization, known as Wesa for short, will paintings with professional groups to standardize participant contracts, set tournament schedules, recommend groups on distribution rights agreements and offer arbitration between e-sports players and their teams. so far, these agreements had been decided nearly totally via teams themselves, although a few leagues have their personal requirements to which groups…

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