Posts Tagged Corporate news

After decades, NFL decides to give up tax-exempt status

In this March 25, 2015, file photo, NFL Commissioner Roger Goodell addresses the media at a news conference at the NFL Annual Meeting in Phoenix. The National Football League is giving up its tax-exempt status. In a letter to team owners, Commissioner Roger Goodell said the league office and its management council will file tax returns as taxable entities for the 2015 fiscal year. Goodell says the NFL has been tax-exempt since 1942, though all 32 teams pay taxes on their income. (AP Photo/Ross D. Franklin, File)

WASHINGTON (AP) — Every so often, in a bid to sound threatening, a member of Congress has vowed to revoke the NFL’s tax-exempt status. Now Commissioner Roger Goodell says the league will give it up voluntarily to “eliminate this distraction.”

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1 last crop to be planted at fertilizer factory site

TUSCOLA, Ill. (AP) — Farm land in eastern Illinois that a fertilizer company plans to turn into $1.4 billion factory is being used to grow crops one last time.

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Microsoft’s 3Q earnings grow 31 pct; stock falls

In this Jan. 5, 2011 file photo, Microsoft chief executive officer Steve Ballmer gives his Keynote speech for the Consumer Electronics Show, in Las Vegas. Microsoft reports quarterly earnings Thursday, April 28, 2011, after the market close.(AP Photo/Julie Jacobson, file)

Microsoft Corp.’s latest quarterly earnings rose 31 percent even as sales of its Windows operating system sagged.

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