As companies rush to pay special dividends to their investors ahead of year-end, some are financing those payments by issuing debt, a move that works against the interest of their bondholders, MarketWatch points out. The story cites Costco and HCA Holdings as examples of the trend; Costco sold $3.5 billion in debt last week, in part to finance a dividend, and HCA said this week that it will sell $1 billion in debt to pay a dividend.
Businesses want Congress to repeal the Cadillac tax, but the price tag may be too steep.
Keeping up with the latest digital innovations has replaced economic conditions and regulatory changes as the biggest concern for global executives this year.
Wage and hour settlements accounted for $1.2B of the total.
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