State Senator Proposes Tax on Pittsburgh Nonprofits
Jan. 24 (Bloomberg) –- Pennsylvania state Senator Jim Ferlo, a Democrat, talks with Bloomberg's Romy Varghese about his proposal to tax Pittsburgh's biggest nonprofit organizations. A levy based on payroll size would be paid by those with more than 250 employees under the bill being written by Ferlo. (Source: Bloomberg)
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Staley: Barclays Focused on Staying Engaged in Europe
52:10 - Barclays Plc said profit rose 35 percent in the third quarter as revenue from fixed-income trading surged to the highest in more than two years. Pretax profit climbed to 837 million pounds ($1.02 billion) from 619 million pounds a year earlier, the London-based lender said in a statement Thursday. Excluding one-time items, profit was 1.7 billion pounds, beating the 1.53 billion-pound average estimate of five analysts surveyed by Bloomberg News. CEO Jes Staley tells Manus Cranny on "Bloomberg Daybreak: Europe" he’s pleased with 3Q results and believes the bank is on track to meet its cost target.