Exemption on utilities, machinery, equipment and materials used or consumed in manufacturing or processing, does not extend to the preparation of food for retail sale, the Court rules. The Missouri Supreme Court has denied a Casey’s General Stores convenience store and restaurant a partial sales tax exemption for electricity used to prepare food for sale.
As Marathon Petroleum cuts costs, fuel prices continue to climb, resulting in high Q3 profits. Marathon Petroleum Corp., which split from Marathon Oil Corp. earlier this year, reported soaring third quarter profits this week, according to Bloomberg Businessweek. Earnings totaled $1.13 billion, or $3.16 per share, for the three months ended Sept. 30, more than
“Statements made by individual banks and their trade associations raise questions about whether some price increases that have occurred this year have actually been coordinated,” says Chief Deputy Whip Peter Welch. Amid widespread outrage over new debit card fees charged by Bank of America and other big banks, Chief Deputy Whip Peter Welch (D-Vt.) and