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To give or not to give can be a taxing question

Dear Liz: A good friend who is childless wishes to give his property to my daughter before his death. He has been an informal uncle for the whole 50 years of my daughter's life, and we are, in effect, his family. However, I am concerned that the gift tax may be more than he bargained for. He is...

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    JetBlue to remove its fares from several online travel booking sites

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    Elon Musk gets OK to start digging in early step toward hyperloop dream

    Maryland has given transportation pioneer Elon Musk permission to dig tunnels for the high-speed, underground transit system known as a hyperloop that Musk wants to build between New York and Washington. Representatives of Maryland Gov. Larry Hogan said Thursday the state has issued a conditional...

  • Hotel rooms near L.A. Convention Center have nearly doubled but aren't enough, city study finds

    Hotel rooms near L.A. Convention Center have nearly doubled but aren't enough, city study finds

    For years, tourism advocates in Los Angeles have bemoaned the shortage of hotel rooms near downtown’s convention center, saying the city needs thousands more to draw the nation’s biggest conventions. Thanks to a construction boom over the past four years, the city has nearly doubled the number...

  • Workers at iPhone supplier in China protest unpaid bonuses

    Workers at iPhone supplier in China protest unpaid bonuses

    Hundreds of workers streamed through dark streets, blocking an entrance to an Apple iPhone supplier's factory in eastern China to protest unpaid bonuses and factory reassignments, two witnesses and a U.S. nonprofit group said Thursday. Jabil Inc., which runs the Green Point factory in Wuxi city,...

  • Mitsubishi Outlander PHEV is plug-in, off-road ready

    Mitsubishi Outlander PHEV is plug-in, off-road ready

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  • Investigation launched after actress tells LAPD she was raped by Harvey Weinstein

    Investigation launched after actress tells LAPD she was raped by Harvey Weinstein

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  • Senate Democrats fail in first attempt to save state and local tax deduction

    Senate Democrats fail in first attempt to save state and local tax deduction

    Senate Democrats on Thursday failed in their first attempt to save the state and local tax deduction, which helps many residents of California and other high-cost states reduce their federal income tax bills. The Republican-controlled Senate voted 52 to 47 to reject an amendment that would have...

  • U.S. unemployment claims fall to the lowest in 44 years

    U.S. unemployment claims fall to the lowest in 44 years

    The number of Americans collecting unemployment benefits fell last week to the lowest level since Richard Nixon was president. The Labor Department said Thursday that claims for jobless aid dropped by 22,000 to 222,000, the fewest since March 1973. The less volatile four-week average slid by 9,500...

  • Stocks’ last-minute rebound nudges S&P 500 and Dow to new highs

    Stocks’ last-minute rebound nudges S&P 500 and Dow to new highs

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    Hundreds of Tesla workers were let go for subpar performance, the company says

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  • Stocks edge up, extending their winning streak

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    Make holiday shopping for your clients easy this year

    The holidays are known as the most wonderful time of the year, but they're also a great opportunity for reflection, particularly in a business setting. This is the time of year when you can look back on the last 12 months and appreciate everyone who helped make the year a success for your business....

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    5 big changes for today's small businesses

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