First Shift: Tax changes boost AutoNation profit

First Shift: Tax changes boost AutoNation profit

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3,000,000 workers (and counting) are already seeing the benefits of this historic tax cuts bill with businesses across the country that are now giving bonuses, pay raises, and new investments that will get our economy back on track. Below are just a few of the companies that are taking action as a direct result of the Tax Cuts and Jobs Act .

3,000,000 workers (and counting) are already seeing the benefits of this historic tax cuts bill with businesses across the country that are now giving bonuses, pay raises, and new investments that will get our economy back on track. Below are just a few of the companies that are taking action as a direct result of the

Massachusetts based online auto parts retailer 1A Auto announced across the board cash bonuses for all full-time employees. CEO Rick Green says that the decision was based on recent changes to tax policy.

Massachusetts based online auto parts retailer 1A Auto announced across the board cash bonuses for all full-time employees. CEO

In a company meeting Wednesday, Green told employees, “Ultimately the tax savings will be passed to our customers in the form of lower prices, but we want to also share some of the savings with you, our hard-working employees.”

Bonuses of $250 – $1,000 based on length of service; base wage raised; increased capital expenditures.

Personnel employed by AAON, excluding officers, will receive a $1,000 bonus in recognition of the new tax reform law. AAON employs approximately 2,000 individuals at its Tulsa, Oklahoma and Longview, Texas facilities.

AccuWeather, the world’s fastest-growing provider of forecasts and warnings and a global leader in digital media and weather-related big data, announced it is pleased to be providing special year-end bonuses to all employees. AccuWeather said the bonuses are possible due to the company’s robust financial performance in 2017 and strong confidence in the growing U.S. and global economy now that the Tax Bill has passed.

Advance Financial Chief Experience Officer Tina Hodges announced to employees Friday morning a tax initiative that will yield an additional collective $500,000 to employees and more than $550,000 to community organizations.

2.) Increasing the share of profits that front line employees can receive from 3 percent to 5 percent. (Front-line employees, who man Advance Financial’s 85 locations across Tennessee, account for 85 percent of the company’s 800-plus employees.)

3.) Increasing giving to the Advance Financial Foundation by 8 percent. (The foundation provides donations to nonprofit organizations in communities served by Advance Financial.)

Aflac announced that it is increasing investments by $250 million in the U.S., which will result in the pro duck tion of jobs and employee benefits, and marks a significant commitment from mid-sized market cap company. Additionally, Aflac will increase their company’s 401(k) match, from 50% to 100% on the first 4% of employee contribution and make a one-time contribution of $500, helping families to build up their nest egg.

tion of jobs and employee benefits, and marks a significant commitment from mid-sized market cap company. Additionally, Aflac will increase their company’s 401(k) match, from 50% to 100% on the first 4% of employee contribution and make a one-time contribution of $500, helping families to build up their nest egg.

Alaska Airlines is giving its employees a $1,000 bonus, citing the tax cut passed last month by Congress and signed by President Donald Trump.

Interstate Power & Light, an Alliant Energy subsidiary based in Cedar Rapids, said it would return between $18.6 million and $19.6 million to customers.

Interstate Power & Light, an Alliant Energy subsidiary based in Cedar Rapids, said it would return between $18.6 million and $19.6 million to customers.

Altria Group Inc., one of the Richmond area’s largest private employers, says it is giving all of its non-executive employees a one-time $3,000 bonus, thanks to the corporate tax cut passed by Congress in December.

The Henrico County-based parent company of cigarette maker Philip Morris USA said it also plans to set aside $35 million over three years for philanthropic programs in the communities where it has operations, focusing particularly on nonprofit programs in youth development and workforce preparedness. The money is in addition to the roughly $55 million a year that Altria typically donates to philanthropy, a company spokeswoman said.

The bonus to employees is expected to be paid out this month and will amount to a total of $24 million for the company’s approximately 7,900 non-executive employees.

Christmas came early for more than 300 employees at Amarillo National Bank when they found out they’d be getting a $1,000 pay raise.

Ameren Illinois electric customers could save an average of $2.50 to $3.00 per month in 2018 and natural gas customers could save an average of $1 per month if the Illinois Commerce Commission (ICC) approves the company’s plan to pass savings from the recently approved federal tax cut legislation back to its customers. Customers using both electricity and natural gas could see a combined savings.

A Manitowoc-based company will give its roughly 250 employees a bonus following Congress’s passage of the tax reform bill the Tax Cuts and Jobs Act.

No. 1 U.S. airline American Airlines Group Inc said it would give its employees a $1,000 bonus in light of the recent tax reform bill.

American Bank became the first Lehigh Valley business to publicly announce it is paying $1,000 bonuses to its 60 workers in connection with the tax bill signed Friday by President Donald Trump.

Overall, we believe the Tax Act will be a positive development for both the U.S. economy and American Express. Given the momentum in the business and the anticipated benefit of a lower tax rate, we now expect to invest up to $200 million more in 2018 than we originally planned for customer-facing growth initiatives. We’ve also made an incremental contribution to our employee profit-sharing plans to support the long-term financial well-being of our employees. And, for shareholders, we expect to use the remaining anticipated benefits to build capital and support earnings growth in 2018.

American Family Insurance said it will give 11,000 workers a one-time bonus of $1,000, becoming the latest U.S. company to pass some of the savings from federal tax reform to employees.

The Madison-based insurer said the reduction in the corporate income tax rate also would help fuel permanent changes to its employee benefits program, such as expanded tuition reimbursement, help paying student loans and scholarships for workers who pursue a post-high school degree.

The third-largest bank in Hawaii said it will award $1,000 bonuses to nearly all of its employees. In addition, the bank said it was increasing its starting wage to $15.25 an hour from $12.21 an hour.

it will award $1,000 bonuses to nearly all of its employees. In addition, the bank said it was increasing its starting wage to $15.25 an hour from $12.21 an hour.

Andy Baker, president and owner of AndyMark, which manufactures and distributes mechanical and electrical parts for the competitive robotics market, said savings from the tax cut has accelerated his plans to hire more workers.

He said the company currently employs 25 full-time workers and up to 30 part-time and seasonal workers. Now, Baker anticipates doubling his workforce in the next five to 10 years.

“I think the tax bill is going to accelerate our growth,” he said. “We want more diversity with our business and more vertical integration, which requires more staff, and the tax cut its going to accelerate all that.”

Anfinson Farm Store, a family business in Cushing, Iowa, has awarded $1,000 bonuses and raised wages 5% for all full-time employees as a result of tax reform. The good news was delivered to employees in person just after Christmas.

At the Bellevue small business called APPS Portamedic, two employees schedule the health tests people get when they apply for life insurance.

“Anything from the 20 percent reduction down to 17.5 percent, we have a lot of equipment in our business so we’re going to see a tax break there. I was looking at the numbers just based on our simple tax bracket as my wife and I you know it’s about a $2,500 benefit just for income tax alone,” Oakley said in an interview.

Aquesta Financial Holdings in Cornelius, N.C., will raise hourly pay to $15 and will be giving $1,000 bonuses to all of it workers.

APS has requested the Arizona Corporation Commission approve a $119 million bill reduction for customers, based on federal corporate tax cuts, effective February 1, 2018.

Associated Bank said it will boost its minimum hourly wage to $15 and pay workers a $500 bonus when the recently passed federal tax reform is signed, making it the first major Wisconsin firm to announce it is joining the list of companies saying their employees will directly benefit from the legislation.

The Green Bay-based bank, the largest financial institution headquartered in the state, said it will raise its minimum wage to $15 an hour from $10 — a 50% boost — and distribute the one-time bonus to all hourly, non-commissioned employees once the tax legislation is signed into law.

Effective tax rate to be reduced to approximately 22%-23% on Assurant current standalone income worldwide

Q417 will include a one-time benefit to consolidated GAAP net income due to the reduction of net deferred tax liabilities, but write-down on a statutory basis for the insurance subsidiaries due to the reduction of net deferred tax assets

Once tax reform is signed into law, AT&T; plans to invest an additional $1 billion in the United States in 2018 and pay a special $1,000 bonus to more than 200,000 AT&T; U.S. employees — all union-represented, non-management and front-line managers. If the President signs the bill before Christmas, employees will receive the bonus over the holidays.

Once tax reform is signed into law, AT&T; plans to invest an additional $1 billion in the United States in 2018 and pay a special $1,000 bonus to more than 200,000 AT&T; U.S. employees — all union-represented, non-management and front-line managers. If the President signs the bill before Christmas, employees will receive the bonus over the holidays.

Atlas Air will be providing a special one-time bonus payment to all full-time flight and ground staff employees below the officer level. We are pleased to offer this bonus to our flight crew employees as the Union is in agreement. This bonus will be funded by a tax refund that the Company expects as a result of the newly enacted U.S. tax law.

AutoNation announced that it will double its matching contributions to employees’ 401(k) plans, increase its deferred compensation match to up to 100% for the first $5,500 and launch a cancer benefits program for employees diagnosed with the disease.

AVANGRID’s regulated natural gas and electricity companies will pass along to customers the full benefit of any tax savings that the companies realize as a result of the 2017 federal tax reform act.

Among other changes, the tax reform act reduces the federal corporate tax rate from 35 to 21 percent. As a matter of fairness, AVANGRID believes that any resulting tax savings should be extended to customers.

Ball Ventures, a commercial real estate investment and development company, is giving each employee $100 for every year of their employment.

BGE will file with the Maryland Public Service Commission (PSC) to pass approximately $82 million in annual tax savings to customers, resulting from federal tax cost reductions. The Tax Cuts and Jobs Act, which decreased the corporate tax rate from 35 percent to 21 percent, was signed into law on Dec. 22, 2017 and became effective on Jan. 1, 2018. If approved by the PSC, the average BGE residential electric customer can expect to see an estimated $2.31 decrease on their monthly bill, and the average residential combined natural gas and electric customer can expect an estimated $4.27 monthly reduction, effective in February 2018.

BancorpSouth said it was giving pay increases and one-time businesses totaling more than $10 million as “an additional investment … to nearly all non-commissioned employees.”

The investment this year will benefit 96 percent of the company’s non-commissioned workforce, BancorpSouth said. The pay increases were effective Jan. 1.

“Beginning in 2018, we will see benefits from the tax reform, too, in the form of lower corporate tax rates. In the spirit of shared success, we intend to pass some of those benefits along immediately. U.S. employees making up to $150,000 per year in total compensation – about 145,000 teammates – will receive a one-time bonus of $1,000 by year-end.”

Bank of Colorado is paying a special bonus of $1,000 to each full-time associate to share the benefit of the tax cut passed earlier this month by Congress.

President of Bank of Colorado, Shawn Osthoff said, “We feel strongly that the message should be loud and clear that this is a tax cut that will benefit all Americans.” Bank of Colorado has 641 associates in Colorado and New Mexico.

The state’s second-largest bank, said it will give out $1,000 cash bonuses to 2,074 employees, or 95 percent of its workforce. The bonuses affect all employees below the senior vice president level. The bank also will increase its minimum wage to $15 an hour from $12 an hour.

it will give out $1,000 cash bonuses to 2,074 employees, or 95 percent of its workforce. The bonuses affect all employees below the senior vice president level. The bank also will increase its minimum wage to $15 an hour from $12 an hour.

Bank of the James, Lynchburg, Va., raised its minimum wage to $15 per hour for employees with more than one year of service, added vacation days and substantially increased its charitable giving plans for 2018.

Bank of New York Mellon Corp. ( BK ) executives said nearly all of this year’s benefits from the new U.S. tax law will go to technology upgrades and its employees instead of shareholders.

) executives said nearly all of this year’s benefits from the new U.S. tax law will go to technology upgrades and its employees instead of shareholders.

That includes a raise in the minimum wage to $15 an hour starting March 1 largely for those who work in the firm’s operations unit. The higher hourly wage will affect about 1,000 of the bank’s 52,500 employees, according to finance chief Mike Santomassimo.

Bank of the Ozarks has announced an annual cash-based incentive bonus plan for hourly employees and certain other employees.

Under the terms of the plan, employees of the Little Rock-based bank will be eligible to receive a cash award of up to $1,200 annually based on company and individual employee performance. Approximately 2,300 of the company’s current employees will be eligible to receive awards under the plan.

Nearly three-fourths of BB&T; Corp.’s employees will get a one-time $1,200 bonus in January as part of the bank’s response to the corporate tax rate cut signed into law by President Donald Trump.

Nearly three-fourths of BB&T; Corp.’s employees will get a one-time $1,200 bonus in January as part of the bank’s response to the corporate tax rate cut signed into law by President Donald Trump.

About 27,000 BB&T; employees will receive the bonus. Most of them are not eligible for incentives or commissions, BB&T; said. The bank had 37,189 employees as of Sept. 30, according to a regulatory filing.

About 27,000 BB&T; employees will receive the bonus. Most of them are not eligible for incentives or commissions, BB&T; said. The bank had 37,189 employees as of Sept. 30, according to a regulatory filing.

The bank also will raise its minimum hourly wage to $15 from $12 on Jan. 1, as well as provide $100 million to the bank’s philanthropic fund.

time employees below a certain compensation threshold, covering over 70% of the Bank’s workforce, and augments the special

investment in employee development and training programs to benefit our employees and bolster our current offering at AMEBU – American’s Most Exciting Bank University.

to the Berkshire Bank Charitable Foundation which supports charitable organizations, scholarships, and volunteerism across

local communities. This will bolster the foundation’s endowment and allow for increased local giving. Last year we provided over

to our local communities, complementing our employee volunteer program which helps our employees contribute over 40,000 hours of volunteer service each year.

All permanent employees who are not on an existing bonus plan will receive the additional funds. The bonuses will show up in workers’ paychecks this month.

In all, more than 100,000 of Best Buy’s 125,000 employees in the U.S., Mexico and Canada are expected to receive the extra cash.

“Black Hills Energy is currently reviewing the recently approved Tax Cuts and Jobs Act of 2017,” spokeswoman Brandy Johnson said in an email. “We will work with utility regulators to develop a plan to provide customers the benefit of the corporate tax rate reduction.”

Blue Harbor’s ownership joins the vast list of companies who have announced financial support of their employees. The Forsythe Family today dedicated a one-time cash bonus of $1,000 to each eligible Blue Harbor employee.

The Forsythe Family’s financial dedication to Blue Harbor employees is in direct response to President Trump’s Tax Cuts and Job Act of 2017.

BMO Harris Bank Tuesday joined other banks in raising its minimum wage to $15 per hour because of the recent changes to the corporate tax rate.

BMO Harris, based in Chicago but with a major presence in Milwaukee, said it will also raise its level of community giving by 10 percent in 2018 because of the tax reform law. BMO Harris Bank gave more than $17 million to community groups throughout its U.S. footprint in 2017, emphasizing community and economic development, health and human services, education and the arts.

$100 million for corporate giving, with funds used to support demand for employee gift-match programs and for investments in Boeing’s focus areas for charitable giving: in education, in our communities, and for veterans and military personnel.

$100 million for workforce development in the form of training, education, and other capabilities development to meet the scale needed for rapidly evolving technologies and expanding markets.

$100 million for “workplace of the future” facilities and infrastructure enhancements for Boeing employees.

The company said it is investing in more equipment and strengthening its retirement benefits because of the money it expects to save in the next tax reform bill.

$1,000 bonus for full-time employees, a $750 bonus for part-timers and new funding both for customer-focused technology upgrades and for its community giving.

Camp Construction Services, a Houston-based full-service general contractor, awarded its employees with $500 tax reform bonuses in December.

Owner Scott Ryan decided to give each full-time employee a $500 tax break. The company sees the bonus checks as a way to give back to both the employees and the community, thinking many of the employees will spend the extra money around town.

CenterState Bank is giving $1,000 bonuses to its non-officer employees as a result of the new tax law. About 700 workers, or 60 percent of the company’s employees as of Dec. 31, will receive the bonus, CenterState said in a Jan. 19 filing with the U.S. Securities and Exchange Commission.

Central Bank of St. Louis employees will get a special bonus as a result of the new federal tax reform.

Central Bancompany, Inc., which employs more than 2,500 people across four states, announced Friday that full-time employees would receive a $1,000 bonus and part-time employees would receive a $500 bonus.

Hawaii’s fourth-largest bank told the Star Advertiser it would provide $1,000 cash bonuses to employees outside of the executives on its management committee on Friday, as well as increase its starting pay to $15.25 an hour from $12 an hour on January 1. “With the announcement of the lowering of the corporate tax rate, we are delighted to be able to make this holiday season extra special for our hard-working employees, our most important asset,” CPB President and CEO Catherine Ngo said in a statement.

the Star Advertiser it would provide $1,000 cash bonuses to employees outside of the executives on its management committee on Friday, as well as increase its starting pay to $15.25 an hour from $12 an hour on January 1. “With the announcement of the lowering of the corporate tax rate, we are delighted to be able to make this holiday season extra special for our hard-working employees, our most important asset,” CPB President and CEO Catherine Ngo said in a statement.

CEO Rene Banglesdorf of Charlie Bravo Aviation in Georgetown, Texas, committed to handing out $1,000 bonuses to her company’s six employees. Especially helpful to their operation, which sells and leases pre-owned aircraft, was that the bill allows immediate expensing of new and used equipment purchases.

As an expression of gratitude for their hard work and dedication, and in anticipation of the lower federal tax rates made possible by The Tax Cuts and Jobs Act, we are pleased to be able to pay each Charlotte Pipe associate a special $1,000 bonus.

Charter is increasing our investment in our workforce by ensuring all employees are paid a minimum wage of at least $15 per hour, including target commissions, within the next year.

Employees were notified just before Christmas of one extra week pay added to their final year end check as a result of the new tax reform measure.

Due to the positive atmosphere created by the passage of the tax bill Company profit sharing combined with normal 401K contributions amounted to an additional 5% per employee for 2017. CIT has added 10% to our staff thus far in January 2018 and more additions are expected.

Citizens Bank is giving bonuses to its employees in the wake of the federal tax plan recently passed by Congress. Citizens Financial Group said it will contribute $12.5 million toward one-time $1,000 cash bonuses to an estimated 12,500 employees, as well as $10 million to the Citizens Charitable Foundation.

Michael L. Aubertine is looking forward to upgrading his Clayton Distillery using the extra revenue he’ll have due to the excise tax reduction for spirits from the federal tax reform bill.

higher Christmas bonuses thanks to tax reform for this family business with seven employees. Bonus amounts determined by length of service.

College of the Ozarks has decided to issue a check to each College employee in the amount of $204 as a result of savings from the recent U.S. Tax Code revision.

“We were expecting to have to pay the extra amount in Obamacare costs,” said College President Jerry C. Davis. “We are grateful for this savings and want to pass it along to our hard-working employees. It is a simple, but tangible, way to express our appreciation to them. We hope other organizations will consider doing the same.”

Comcast joined the growing list of companies announcing bonuses for employees due to the passage of the Tax Cuts and Jobs Act that allows businesses to be competitive again. More than 100,000 employees will now receive $1,000 bonuses, and the company plans to invest $50 billion over the next five years which will lead to the creation of thousands of jobs.

Comcast joined the growing list of companies announcing bonuses for employees due to the passage of the

that allows businesses to be competitive again. More than 100,000 employees will now receive $1,000 bonuses, and the company plans to invest $50 billion over the next five years which will lead to the creation of thousands of jobs.

Dallas-based Comerica provided a $1,000 bonus for its non-officer employees and boosted its bank-wide minimum wage to $15.

Citing the new federal tax reform legislation, Commerce Bancshares is giving thousands of its employees a $1,000 bonus.

The parent company of Commerce Bank, which has corporate offices in Clayton and Kansas City, said 3,450 full-time employees, or 75 percent of its workforce, will get the $1,000 bonus. Eligible part-time employees will get a $250 cash bonus.

ComEd is filing a petition with the Illinois Commerce Commission (ICC) seeking approval to pass along approximately $200 million in tax savings to its customers in 2018. If approved by the ICC, the average ComEd residential customer can expect to see an estimated $2-$3 decrease on their monthly bill related to the tax reduction.

The Tax Cuts and Jobs Act (TCJA), which was signed into law on Dec. 22, 2017 and became effective on Jan. 1, 2018, decreased the corporate tax rate from 35 percent to 21 percent, reducing the amount of federal income tax ComEd will have to pay.

Community Trust Bancorp, Inc. is pleased to announce that in recognition of the contribution of the Company’s employees to the ongoing success of Community Trust Bancorp, Inc. and the positive impact the changes in tax laws will have on the Company, a special bonus for employees. All full time employees will receive a special bonus of $1,000 and employees classified as part time will receive a $500 bonus. Executive Management will not participate in this special bonus. The bonus will be paid to employees as soon as the new tax tables are released in 2018 so that employees may receive the full benefit of the reduction in tax rates.

Consumers Energy was pleased to submit a proposal to the Michigan Public Service Commission that would lower customer bills starting in 2018 by approximately $200 million, as a result of the recent federal tax reform changes. We are thrilled to be able to pass along 100 percent of the savings from tax reform to the people we are privileged to serve. This underscores our commitment to people, planet and prosperity for all of Michigan.

An assisted-living business will give its 175 employees bonuses up to $600 as a result of the tax reform package passed by Congress and signed by President Trump.

Customers Bank announced Friday that it pass to pass along some of its tax savings to consumers and the community, starting with a bonus checking account that earns two percent interest.

announced Friday that it pass to pass along some of its tax savings to consumers and the community, starting with a bonus checking account that earns two percent interest.

The new bonus checking account offers two percent APY on monthly average balances up to $100,000, with no fees or minimum balance requirements. To qualify, customers need to use their account’s debit card for signature purchases of at least $500 each month.

Customers Bank also announced Friday that it will increase its charitable giving by $1 million in 2018 and continue to pay its employees at least $15 per hour.

The Orlando-based restaurant chain said Monday the tax cut will prompt it to spend an additional $20 million on its 175,000-plus employees this year, but did not give specifics.

Data Sales Co., Inc. announced that the Company will celebrate the recent passage of tax reform legislation by distributing to all 80 plus employees a special bonus of $1,000 each. Data Sales Co. will benefit from the new tax law lowering the corporate tax rate from 35 percent to 21 percent.

Dayton T. Brown Inc., an engineering and testing company, is giving each of its roughly 210 employees a $400 bonus.

“Your first five years are when you’re trying to earn every penny,” says Julie Verratti, who co-founded Denizens Brewing Company in Silver Spring, Maryland in 2014 with a business loan backed by her own house. She estimates the tax break will save her $6,000 in 2018. “Every single bit of that goes back into the business.”

Create jobs, by accelerating the hiring of new associates, particularly in technology, regulatory compliance, cybersecurity and relationship banking, along with more rapid adoption of technology to improve the customer experience and bring additional products and services to our customers; absent the new tax law, these business-building actions would normally have occurred over a much longer time frame;

Review our corporate policy and practices relating to common stock dividends to determine the appropriate level of payout in light of the improved earnings outlook over the near and intermediate term.

Pay a one-time $1,000 bonus to all non-executive employees thereby enabling them to also share immediately in the benefits of the tax cut.

Institute a Corporate Matching Gift program as a way to encourage Dime’s employees to give back to their communities and leverage their commitment through a matching gift.

In 2017, Dime made over $450,000 available to local charities and disaster recovery organizations. Beginning in 2018, our goal is to double the amount of our philanthropic and community giving.

Discover announced plans to raise its minimum hourly pay rate to $15.25 for virtually all of its full-time U.S. employees as a result of the recent corporate tax reductions after granting a $1,000 bonus to more than 15,000 non-executive employees earlier this month.

The new minimum rate will take effect later this year and ultimately will impact more than 7,000 employees.

Walt Disney Co. said it will give employees a one-time cash bonus of $1,000, joining a growing list of companies handing out awards in the wake of federal tax reform.

About 125,000 U.S. employees will be eligible, the company said Tuesday in a statement , putting the cost at $125 million. Disney also plans to put $50 million into a fund to help hourly employees with tuition costs and plans to provide as much as $25 million annually for that purpose afterward.

, putting the cost at $125 million. Disney also plans to put $50 million into a fund to help hourly employees with tuition costs and plans to provide as much as $25 million annually for that purpose afterward.

Dohrn Transfer, with corporate headquarters for trucking and a company warehouse in Rock Island, has mailed out $1,000 bonuses to all of its approximately 1,200 employees in six Midwest states.

“It was from the tax plan,” Heather Dohrn, vice president of a sales and marketing, said, referring to the tax cut signed into law Dec. 22 by President Donald Trump.

DTN, an independent provider of information and actionable insights in the areas of agriculture, transportation and energy, and publisher of The Progressive Farmer, gave $1,000 bonuses to nearly 700 employees.

DTN, an independent provider of information and actionable insights in the areas of agriculture, transportation and energy, and publisher of

The recent passage of the Federal Tax Cuts and Jobs Act will offer benefits to energy customers across the country – including DTE’s utility customers here in Michigan. The reduction of the corporate tax rate will result in lower bills for DTE’s 2.2 million electric and 1.3 million gas customers.

Duke Energy Florida today announced that customers will directly benefit from the new federal tax law and avoid a rate increase for power restoration costs associated with the company’s response to last September’s Hurricane Irma.

Instead of increasing customer rates, the company plans to apply federal tax reform savings toward those storm costs.

Owner Kevin Perz says he believes the tax cuts will be so good for the economy that he wanted to make sure he rewarded his employees for their loyalty.

“We are giving a maximum of $1,000 per full time employee,” Perz said. “It’s $200 for each year or partial year that you’ve been here. If you’ve been here four years and a day you get the thousand dollars. Part time employees get half of that.”

Though our Companies are small in comparison to Boeing and AT&T; and others on this list, our hearts are none the less just as big or bigger, said Mike Lattin, President and CEO of Eagle Telephone System, and Eagle Valley Communications, dba Comco Construction.

Though our Companies are small in comparison to Boeing and AT&T; and others on this list, our hearts are none the less just as big or bigger, said Mike Lattin, President and CEO of Eagle Telephone System, and Eagle Valley Communications, dba Comco Construction.

Mike announced that both Eagle and Comco employees will be receiving $1000.00 bonuses by the holidays, this is due in large part to the recent tax reform bill having been passed and also the fact that President Trump has worked very hard to lessen the regulatory burdens that had been put on our industry by the previous administration. Combined these companies employ 19 people in a very rural part of Eastern Oregon; Richland. Our services include providing telephone and broadband, cellular and wireless, as well as construction services of all types. Our services are critical to the Rural market we serve. A sample of our market is Hydro Production along the Hells Canyon stretch of Snake River, Ranchers, Cattle Producers and Farmers, providing everything from beef, lamb, soy, alfalfa, hay, dairy products and more, Forest Production Practices and in large part Recreation in all four seasons.

employees will be receiving $1000.00 bonuses by the holidays, this is due in large part to the recent tax reform bill having been passed

and also the fact that President Trump has worked very hard to lessen the regulatory burdens that had been put on our industry by the previous administration. Combined these companies employ 19 people in a very rural part of Eastern Oregon; Richland. Our services include providing telephone and broadband, cellular and wireless, as well as construction services of all types. Our services are critical to the Rural market we serve. A sample of our market is Hydro Production along the Hells Canyon stretch of Snake River, Ranchers, Cattle Producers and Farmers, providing everything from beef, lamb, soy, alfalfa, hay, dairy products and more, Forest Production Practices and in large part Recreation in all four seasons.

Mike stated that he believes that this administration is looking out for us, for Rural America and that is what we need to keep our industry competitive world wide. He finished by stating that this administration and the tax reform bill just passed have been a god send to Rural Eastern Oregon. – Statement by Rustin Lattin, for Mike Lattin, President and CEO.

Mike stated that he believes that this administration is looking out for us, for Rural America and that is what we need to keep our industry competitive world wide. He finished by stating that this administration and the tax reform bill just passed have been a god send to Rural Eastern Oregon.

Ecolab Comments on Expected Impact of U.S. Tax Cuts and Jobs Act, Announces Intent to Contribute $25 Million to Ecolab Foundation, and Forecasts Double-Digit 4Q 2017 and Full Year 2018 Adjusted EPS Growth

On December 14, 2017, the unopposed settlement approved by the Public Utility Commission of Texas (PUCT) included a provision to refund EPE’s Texas customers for the reduction in the federal income tax rate.

EPE is currently calculating the changes and impacts of the new tax law to determine the amount of the refund to be filed in mid-April. EPE expects Texas customers will begin to see the refund as a credit on their bills by mid-year 2018 following PUCT approval of its refund filing.

EMKAY, Inc. has announced that all full-time employees will receive a $1,000 bonus in response to the tax reform that was just signed by President Trump. EMKAY, a privately-owned fleet management company, wasted no time in taking action to pass the benefits of this reform on to their team.

Empire State Bank has provided a one-time bonus of $500.00 to its full time and $250.00 to its part time employees. Executive management was excluded.

“We are happy to share the benefit with our employees who continue to provide outstanding service to our customers, as well as our shareholders who will see this benefit fuel the continued growth and bottom line results,” said Philip Guarnieri , CEO. “We will be adding at least 10 new jobs and expanding our footprint in the Staten Island and Brooklyn communities,” said Thomas Sperzel , President and COO.

“We are happy to share the benefit with our employees who continue to provide outstanding service to our customers, as well as our shareholders who will see this benefit fuel the continued growth and bottom line results,” said

Ennis, Inc., a manufacturer of business forms and other business products headquartered in Midlothian, Texas, announced today that in conjunction with the signing of the Tax Cuts and Jobs Act of 2017, the Ennis Board of Directors has approved a special one-time bonus to more than 2,200 non-management employees in the amount of $500.00 each. This payment will take place with the first payroll period in January 2018.

Ennis, Inc., a manufacturer of business forms and other business products headquartered in Midlothian, Texas, announced today that in conjunction with the signing of the

of 2017, the Ennis Board of Directors has approved a special one-time bonus to more than 2,200 non-management employees in the amount of $500.00 each. This payment will take place with the first payroll period in January 2018.

In addition, in response to this landmark act the Board of Directors has declared a special one-time cash dividend of $0.10 a share of our common stock. The dividend will be paid on February 9, 2018 to shareholders of record on January 12, 2018.

Environmental Construction Group, Inc. a small company from Albion, NY gave every one of their 50+ employees a $500.00 bonus. Employees were notified of this bonus the Friday before Christmas and bonuses where paid the Friday before New Years. ECG appreciates the work this administration has done to promote such a positive outlook on this nation, and will try just as hard to continue to help our employees. Robert Gibbs, Environmental Construction Group, Inc.

Evans will provide all of its non-senior level associates a $1,000 bonus in recognition of their superior efforts on behalf of the Company and as part of an ongoing focus on providing excellent career opportunities and top-tier employment.

The Company recently made a $300,000 contribution to its Foundation, the largest such contribution in its history. Disbursements from the Foundation are invested in not-for-profit entities to enhance the quality of life within Western New York.

Benefits provided by tax reform will also allow the Company to increase its returns to shareholders and provide additional investment in our community. Evans is currently researching initiatives that will be impactful and make a difference in the fabric of the community that is responsible for our success.

The newly passed federal tax law reduces the amount of taxes Eversource will be paying by millions of dollars and today the energy company has informed the Department of Public Utilities of its decision to voluntarily pass those savings along to customers.

“We believe it’s important that our customers reap the benefit of a lower tax rate,” said Eversource Massachusetts Electric Operations President Craig Hallstrom. “As a regulated power company our rates are based on our costs, including federal taxes, so if taxes are reduced ultimately costs are reduced and that benefits our customers.”

Express Employment Professionals nonexecutive employees in Oklahoma City each will receive a $2,000 bonus before the end of the year, CEO Bob Funk said.

Funk said the bonus is in part because of the company’s expected savings from the tax reform legislation Congress passed last week.

According to Fidelity Bank, $1,000 was paid to all of the bank’s full-time employees who earn less than $100,000 in annual compensation.

The law Congress recently passed — reducing the corporate tax rate from 35 percent to 21 percent — made the investments in its employees possible.

At ExxonMobil, we plan to invest more than $50 billion over the next five years to expand our business in the United States. These investments are underpinned by the unique strengths of our company and enhanced by the historic tax reform recently signed into law.

In fact, as you have probably seen, several companies have announced plans to invest here at home, partly as a result of tax reform, which among other things reduced one of the highest corporate tax rates in the developed world.

These positive developments will mean more jobs and economic expansion across the United States in a myriad of industries.

Over $200 million in increased compensation, about two-thirds of which will go to hourly team members by advancing 2018 annual pay increases by six months to April 1st from the normal October date. The remainder will fund increases in performance-based incentive plans for salaried personnel.

A voluntary contribution of $1.5 billion to the FedEx pension plan to ensure it remains one of the best funded retirement programs in the country.

Investing $1.5 billion to significantly expand the FedEx Express Indianapolis hub over the next seven years. The Memphis SuperHub will also be modernized and enlarged in a major program the details of which will be announced later this spring.

Fiat Chrysler Automobiles will invest more than $1 billion to modernize the company’s Warren Truck Plant in metro Detroit, adding 2,500 jobs and moving production of its Ram Heavy Duty trucks from Mexico.

The company said that the new federal tax law made the shift possible. That legislation, signed into law in December, cut the corporate tax rate from 35% to 21%.

FCA also announced $2,000 bonuses that will be paid in the second quarter of this year to 60,000 hourly and salaried employees in the U.S., excluding senior leadership. Those bonuses are to be in addition to any profit sharing or performance bonuses the employees would receive this year.

Will raise their company minimum wage to $15 an hour, which will amount to a raise for nearly 3,000 workers.

“Recent tax reform will reduce our federal income tax rate in 2018 and provide opportunities to strengthen relationships with our most valued partners our employees, our customers and the communities in which we operate. The first action taken was a one-time award of $500 to employees not covered by certain incentive programs. Approximately 70% of our employees will receive this award, and they will also be eligible to participate in a new profit-sharing program to be based on the Company’s 2018 performance.”

FireBird Bronze (Damascus, Oregon) – thanks to tax reform this full-service foundry with nine employees is able to offer health insurance for the first time. They are also upgrading equipment and hiring, and building a new facility in Troutdale, Oregon with plans to be up and running by the Spring.

(Damascus, Oregon) – thanks to tax reform this full-service foundry with nine employees is able to offer health insurance for the first time. They are also upgrading equipment and hiring, and building a new facility in Troutdale, Oregon with plans to be up and running by the Spring.

We are a small manufacturing business casting artwork for artists in bronze, we have 9 employees and because of the tax cuts and the current business friendly climate we are for the first time offering employees health care insurance costing our company 40k per year .

We are a small manufacturing business casting artwork for artists in bronze, we have 9 employees and because of the tax cuts and the current business friendly climate we are for the first time offering employees health care insurance costing our company 40k per year

First Bank and Trust Company in Abingdon, Va., said it would give back 30 percent of its tax savings to employees by raising its minimum wage to $15 per hour.

First Farmers Bank and Trust in Converse, Ind., said that it would raise its minimum hourly wage by $2.50, provide a 2017 year-end bonus of $750 for all full-time employees, invest at least $250,000 annually in community development activities and spend at least $150,000 per year on employee professional development.

First Financial Bancorp will raise the starting wage for all new and existing hourly associates to $15 an hour effective immediately. Additionally, the bank has made a $3 million contribution to its newly established charitable foundation. This announcement comes as a result of the recently passed tax legislation, which includes a reduction in corporate tax rates.

First Financial Northwest, headquartered in Renton, Wash., said it would pay a $1,000 bonus to all of its non-executive employees.

The state’s largest bank, said it will give out $1,500 cash bonuses to 2,264 employees, or all but 11 members of its senior management team. The state’s largest bank also will increase its minimum wage to $15 an hour from $12.75 an hour for 613 employees.

it will give out $1,500 cash bonuses to 2,264 employees, or all but 11 members of its senior management team. The state’s largest bank also will increase its minimum wage to $15 an hour from $12.75 an hour for 613 employees.

First Horizon will distribute $1,000 bonuses to eligible employees in January. The one-time payouts will be offered to employees who do not participate in company-sponsored bonus plans.

“Our merger with Capital Bank – the largest in our company’s history – thus far it has been a seamless transition thanks to our employees. And as a result of this outstanding performance and because of recent tax reform efforts that we believe will benefit First Horizon, we are happy to offer bonuses to our people who work hard every day to maintain First Horizon’s reputation as one of the best companies to work for and one of the most trusted banks in the country.”

First Merchants Corporation announced that it will raise the wage paid to hourly employees by $1 per hour as a result of the Tax Cuts and Jobs Act of 2017 signed by President Trump in Dec. 2017.

Additionally, as a reward for the company’s strong 2017 performance, all associates, excluding senior management, will receive a $500 one-time cash bonus. Part-time associates will receive a pro-rated share.

First Midwest Bancorp, based in Itasca, Ill., announced a new $15 minimum wage, a $1,035 bonus for nearly 85 percent of its workforce, and a $2 million gift to its charitable foundation.

First Bank and Trust Company in Abingdon, Va., said it would give back 30 percent of its tax savings to employees by raising its minimum wage to $15 per hour.

As part of this commitment, starting team members at First Southwest Bank are immediately benefitting from the recent tax law changes, as the bank raises its starting wage to $14 an hour plus full benefits.

immediately benefitting from the recent tax law changes, as the bank raises its starting wage to $14 an hour plus full benefits.

$1,000 bonuses for full-time employees; $500 bonuses for part-time employees; base wage raised; salary increases.

FirstCapital Bank of Texas, a $1 billion institution headquartered in Midland, Texas, will pay a $500 bonus to 197 bank employees before the end of the year.

$500 bonuses for 20 employees; the company is also looking into additional employee benefits in 2018.

Employees of Five Star Bank’s parent company are the latest bank workers to cash in on the federal tax overhaul. Financial Institutions will award one-time $500 bonuses to about 70 percent of its employees, citing the financial benefit generated by the new tax plan.

Bank’s parent company are the latest bank workers to cash in on the federal tax overhaul. Financial Institutions will award one-time $500

The new tax reform law is giving some benefits to New Jerseyans. The Flemington Car and Truck Country Family of Brands, a new and used car dealership in Flemington, is awarding each of its full-time employees a $500 bonus because of the recently passed federal Tax Cuts and Jobs Act.

As a result of the corporate tax rate cut under the new law to 21 percent from 35 percent, the company will also look to upgrade its facility and hire additional workers. The dealership is 41 years old and has 17 brands in eight different locations.

As an investment in its workforce, FNB plans to raise the minimum hourly wage for its employees to $15 by the end of 2019, accelerating an ongoing initiative to elevate hourly wages. Paying competitive wages will continue to be a focus for the Company in attracting and retaining the highest caliber employees to serve customers, which translates into strong financial performance and benefit to its shareholders. FNB will also provide a discretionary, one-time 401(k) contribution, totaling $1 million, to the vast majority of employees based upon analysis of compensation levels and eligibility.

Grand Rapids-based Fishbeck, Thompson, Carr & Huber, or FTCH, said yesterday it issued $1,500 bonuses to all 400 of its full- and part-time employees, effective Dec. 29.

Grand Rapids-based Fishbeck, Thompson, Carr & Huber, or FTCH, said yesterday it issued $1,500 bonuses to all 400 of its full- and part-time employees, effective Dec. 29.

Jim Susan, president of FTCH, said the company decided to give out the bonuses as a result of the firm’s tax savings following passage of the federal tax bill on Dec. 22.

“We just decided it was a little windfall for the firm in general, and we decided we would share that with all our staff members,” he said. “Everyone got the same amount, regardless of position.

Fulton Financial Corporation announced that during 2018, it will invest an additional $2 million in the communities it serves as part of its Fulton Forward TM initiative; and the company will raise the minimum wage paid to employees in addition to providing an additional week of pay at year-end to employees who do not participate in an incentive plan.

Fulton Financial Corporation announced that during 2018, it will invest an additional $2 million in the communities it serves as part of its

initiative; and the company will raise the minimum wage paid to employees in addition to providing an additional week of pay at year-end to employees who do not participate in an incentive plan.

Gate City Bank in Fargo, N.D., will pay a one-time, $1,000 bonus to all non-management employees on Jan. 15; contribute $500,000 toward offering new and existing customers free appraisals on home remodels, purchase or refinances; and donate an additional $500,000 to support charitable causes.

Great Southern Bancorp, Inc., says it will pay $1,000 in cash to all full-time employees and $500 to part-time workers who were employed by the bank on Dec. 31.

In a news release, Great Southern specifically cited the federal tax reform legislation that Congress passed and President Donald Trump signed into law in December.

The doubling of its annual contribution to its Making Life Great Grants community reinvestment program.

Group 1 Automotive, Inc., an international, Fortune 500 automotive retailer, announced a $500 cash bonus for non-management dealership employees and operational support staff in the U.S. The Company owns and operates 115 dealerships nationwide.

for non-management dealership employees and operational support staff in the U.S. The Company owns and operates 115 dealerships nationwide.

Gulf Coast Bank & Trust Company CEO & President Guy T. Williams announced a 50% increase in funds to be given away in its Community Rewards Program – an annual online contest hosted by Gulf Coast Bank that awards funds to the top 10 nonprofit organizations voted on by the community.

Gulf Coast Bank & Trust Company CEO & President Guy T. Williams announced a 50% increase in funds to be given away in its

– an annual online contest hosted by Gulf Coast Bank that awards funds to the top 10 nonprofit organizations voted on by the community.

Gulf Coast Bank has also raised its minimum wage to $12.00 dollars per hour effective Monday, January 8, 2018 . This increase gives the bank one of the highest starting salaries for unskilled workers in the state.

. This increase gives the bank one of the highest starting salaries for unskilled workers in the state.

Happy State Bank has a new starting minimum wage of $13.50 per hour…increasing to $14.00 after a 90-day probationary period.

Present employees currently earning less than $14.00 per hour will be increased to this amount immediately.

Employees currently earning between $14.00 and $17.50 hourly will receive an approximate $0.50 hourly wage increase.

Full-time employees making up to $100,000 (and not in the above categories) will receive a one-time $1,000 bonus or $500 bonus if part-time.

The KSOP Retirement Plan dollar-for-dollar company match will increase from 6% to 7%, which benefits every employee that participates to that level.

HarborOne Bank said on Wednesday that it’s accelerating its plans to implement a $15-per-hour minimum wage and will give a one-time $500 bonus to more than 600 bank employees as a result of federal tax reform legislation.

The Hartford Financial Services Group Inc. announced bonuses tied to a federal overhaul reducing the corporate tax rate.

Chief Executive Officer Christopher Swift told reporters the investment and insurance company will distribute bonuses of $1,000 each to employees who are paid less than $75,000 a year. It’s an acknowledgment of their contributions, the CEO said.

About 9,500 employees will benefit, Swift said after speaking at a meeting of the Connecticut Business and Industry Association.

The 460,000 customers of the Hawaiian Electric Companies could see lower electric bills as a result of the federal corporate income tax cut.

Changes to federal tax law will lower corporate rates from 35 percent to 21 percent starting this year. That is expected to result in a lower tax bill for Hawaiian Electric, Maui Electric and Hawaii Electric Light.

Home Ban announced plans to distribute a one-time bonus of $500 for more than 850 full-time tenured employees.

“The tax reform has created the opportunity for us to reward our employees who are working hard each day to both serve our customers and enrich relationships in our communities,” added Mr. Allison. “We look forward to identifying additional opportunities for Home BancShares to invest in our people and communities as we continue to execute our business strategies and deliver long-term value to our shareholders.”

Certain additional expenses and the bonus payments will negatively impact Home Depot’s fiscal 2017 earnings.

Home Depot is still evaluating how new tax legislation will impact the business in fiscal 2018, but said it should be “beneficial.”

HomeStreet Bank announced that it has raised its company minimum wage to $15 per hour across all 111 retail branches and lending centers in seven states. The increase took effect January 1, 2018. The announcement comes on the heels of the recently signed federal tax reform bill that cut the corporate tax rate from 35 percent to 21 percent.

HomeStreet made the decision to increase its minimum wage in order to share the tax reform benefits with its employees. The change is particularly welcome as the cost of living continues to increase across the country.

Our strong performance in 2017, together with the enactment of new U.S. tax legislation, has enabled us to increase our 401(k) match in the U.S. This is a sustained, annual benefit that will provide a more secure retirement for our employees. We believe that enhancing this benefit is extremely valuable and important to our employees over the long term.

has enabled us to increase our 401(k) match in the U.S. This is a sustained, annual benefit that will provide a more secure retirement for our employees. We believe that enhancing this benefit is extremely valuable and important to our employees over the long term.

The company, which makes Twinkies, Ding Dongs and Ho Hos, is providing its employees one-time payments of $1,250 — with $750 in cash and $500 in the form of a 401(k) contribution. In taking the step, Hostess cited last month’s tax legislation, which slashed the rate for U.S. corporations.

It’s also offering a year’s worth of free food to workers — though they won’t be able to eat all the Ding Dongs they like. A representative from each of Hostess’s bakeries will choose a product each week, and the employees will be able to take home a multipack of that item. The company also makes Hostess CupCakes, Fruit Pies and Donettes.

The Louisville-based company announced that because of the lower corporate income tax rate, it’s investing in its employees. It’s raising the minimum hourly rate for full- and part-time associates to $15 an hour. The company is also accelerating a previously announced incentive program for employees.

IAT Insurance Group will pay a $3,000 bonus to all non-executive employees on January 15, 2018. The additional bonus comes in response to the newly passed tax reform bill – the tax savings will be shared with approximately 700 employees.

per hour or less, ranging from an average of 12% to as much as a 23% increase, in base compensation.

A Spokane-based bank gave out raises and bonuses to its 200 workers in anticipation of a windfall from corporate tax cuts.

After Congress passed a sweeping federal tax reform bill last month, INB announced it would raise its starting wage to $15 per hour and provide $500 year-end bonuses to all employees except senior executives.

Iowa-American Water Co., which provides service in eastern Iowa, would provide $1.5 million and $1.8 million to customers.

Iron Horse Energy Services Inc. is providing new bonuses. In a news report, one employee said, “Thank you Mr Trump for being a businessman.”

Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm, said today it will earmark funds for additional investment in global digital initiatives over the next two years to accelerate growth, and make an additional contribution of $500 to every U.S. employee’s 401(k) retirement account on U.S. Tax Day, April 17, 2018 . The moves are in response to the recent passage of the federal Tax Cut and Jobs Act.

Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm, said today it will earmark funds for additional investment in global digital initiatives over the next two years to accelerate growth, and make an additional contribution of

JetBlue Airways Corp. said that it plans to give a $1,000 bonus to its 21,000 employees except the chief executive, and its executive vice presidents.

I am a self-employed Insurance Agent for State Farm Insurance with 3 full time employees in my office in Seaside, CA. Because of President’s tax reform I gave all of my staff a pay raise starting Jan 1 2018.

“The tax cuts are putting two more tow trucks on the road for my business. This will add two more full time job openings that will help two more families. And it will put a little more money in the bank for my family,” said Guy Jones, owner of Jones Auto & Towing.

“The tax cuts are putting two more tow trucks on the road for my business. This will add two more full time job openings that will help two more families. And it will put a little more money in the bank for my family,” said Guy Jones, owner of Jones Auto & Towing.

In response to the tax cut bill that passed this week, John Jordan , owner of Jordan Winery in Sonoma County, California , announces that he will give all eligible winery employees a $1,000 bonus as a result of the passage of the 2017 tax reform bill.

We received a tax cut from the bill that Congress passed last night and as part of our family, we would like to pass along some of that savings to you all. On your next payroll check, all employees that have been here more than three months will receive a raise on their next check. Again thank you all for all the hard work, and dedication this year.

Kansas City Southern (KCS) announced that in response to congressional passage of The Tax Cuts and Jobs Act of 2017, it will immediately share some of the benefits with qualified, non-executive employees of its subsidiaries in the U.S. and Mexico in the form of a one-time $1,000 bonus payable by the end of 2017.

Keg Creek is one of the roughly 80 local breweries cashing in on a tax break stemming from President Trump’s recently passed plan, one that supporters say will allow craft breweries to grow.

It’s a small, albeit mighty, victory, brewing experts say: It rewards the neighborhood brewery by making it just a little bit easier to keep crafting the beer — brown and red ales, in Keg Creek’s case — that Iowans have grown to love.

The tax credits available for investment in equipment will make it possible for the company to purchase additional machinery. “We’re really excited about the tax bill and what it is going to do for our operation,” Rusty said. “I applaud the efforts of Congress to build back a business climate that makes it easier to invest in our people and facilities.”

Additionally, the tax savings made it easier for Kevin-Charles Furniture to give employees a five percent pay raise.

KeyBank N.A. will increase its minimum wage to $15 per hour for new and existing employees. The lender will also make contributions to employees’ 401(k) retirement accounts.

Key will be sharing the expected tax benefits with its employees by increasing its minimum wage and making the additional retirement plan contribution referenced above. These actions will benefit over 80% of our workforce and allow us to reward and invest in the financial wellness of our employees

Kish Bancorp will give $500 to part-time employees and $1,000 bonuses to full-time employees as part of a one-time bonus.

The decision stems from the company’s growth and the enactment of the Tax Cuts and Jobs Act of 2017, which will provide relief to community banks.

Re-investing into its employees is the first step company owners took. This week, they surprised their 300 workers with the news each would receive a $500 bonus.

Customers of Louisville Gas and Electric Company and Kentucky Utilities Company will begin to see the financial benefits associated with the Tax Cuts and Jobs Act beginning in March.

The two utilities announced today that they will file a unanimous settlement agreement with the Kentucky Public Service Commission requesting approval to return tax savings to customers this spring.

If approved by the commission, customers would see nearly $180 million in savings in the form of a reduction on the Environmental Surcharge line item on their bill in March, followed by a new line item credit on the bill based on energy consumption starting in April.

Employees working for a year or more received a double paycheck; those working less than a year also received a bonus.

Lowe’s said it would pay a one-time bonus of $1,000 for more than 260,000 hourly U.S. employees as the home improvement chain takes advantage of changes in the U.S. tax code.

The company said it would also give new benefits, including additional paid maternity and parental leave and an adoption assistance benefit of up to $5,000 to qualified hourly full-time employees.

MainSource Financial Group will raise the starting pay and minimum hourly rate to $15 an hour effective immediately for all of its non-exempt, non-commissioned employees. This announcement comes as a result of the recently passed tax legislation, which includes a reduction in corporate tax rates.

an hour effective immediately for all of its non-exempt, non-commissioned employees. This announcement comes as a result of the recently passed tax legislation, which includes a reduction in corporate tax rates.

Approximately 1,000 associates are employed throughout the MainSource footprint in Ohio , Indiana , Illinois and Kentucky . The pay increase will affect over 200 employees.

M&T; Bank is boosting hourly wages among moves it’s making in a response to the successful passage of tax reform legislation.

M&T; Bank is boosting hourly wages among moves it’s making in a response to the successful passage of tax reform legislation.

Hourly paid employees will see pay starting at $14-16/hour, depending on geography. That will make a total investment of $25M.

In addition, all employees will get 40 hours of paid time a year to take part in volunteer or employee resource group activities. The company notes it paid $50M to its M&T; Charitable Foundation in 2017, its largest ever contribution.

In addition, all employees will get 40 hours of paid time a year to take part in volunteer or employee resource group activities. The company notes it paid $50M to its M&T; Charitable Foundation in 2017, its largest ever contribution.

Marsh & McLennan Cos, the world’s largest insurance brokerage, said it will increase its minimum wage to $16 per hour after the U.S. cut its corporate tax rates. U.S. colleagues earning $55,000 or less will get one-time $1,000 payment.

Marsh & McLennan Cos, the world’s largest insurance brokerage, said it will increase its minimum wage to $16 per hour after the U.S. cut its corporate tax rates. U.S. colleagues earning $55,000 or less will get one-time $1,000 payment.

The wage hike will benefit about 780 employees, while about 5,000 employees will get the one-time bonus, according to a memo sent to employees.

MB Financial, Inc., the holding company for MB Financial Bank, N.A. (“MB”), announced today that MB will raise the minimum wage paid to its employees, issue certain one-time bonuses, and donate $7.5 million to the disadvantaged communities in which it operates.

Idaho health care and home products company Melaleuca Inc. announced it will be the latest major business to give its workers bonuses in response to President Donald Trump’s tax cuts.

Melaleuca CEO Frank VanderSloot said in a phone interview that his 2,000 workers will get a one-time bonus of $100 for every year they have worked at the company. On average, Melaleuca employees stay at the company eight years — which would result in an $800 bonus. The company also has 147 employees who have worked for VanderSloot for 20 years or more.

An additional 20% will be added to the 2017 bonus as part of the Bank’s Incentive Compensation Plan that will be paid to the Bank’s 500+ employees in January 2018

An increase to the Capital Spending Budget as a result of plans to build six new branch locations in 2018

An increase in charitable giving by targeting $1 million in donations to community and non-profit organizations in 2018

Metairie Bank and Trust has approved a cash bonus of $1,000 for all of its 120 employees and will increase its hourly minimum wage to $12 per hour, the Jefferson Parish-based bank announced Friday.

Ron Samford, president and CEO of $390-million-asset Metairie Bank, said the recent enactment of President Trump’s tax reform bill provided “a substantial benefit to the bank, through significantly lower corporate income tax rates.”

The local company is one of many companies, like Jet Blue and AT&T;, giving employees a bonus because of the tax law reform.

The local company is one of many companies, like Jet Blue and AT&T;, giving employees a bonus because of the tax law reform.

“Mid-AM Metal Forming is excited about the positive implications the tax reform package will have both on the manufacturing industry and its employees,” President Steve Johnson said in a news release. “We have very dedicated employees that assist in making us a success. We are excited to surprise all of them with this reward.”

MidAmerican Energy estimated it it would return between $90.8 million and $112.3 million to electric customers.

$1,000 for all active full-time hourly and piece rate Mountaire employees with more than 180 days of employment as of January 27, 2018

$500 for all active full-time hourly and piece rate Mountaire employees with between 1-179 days of employment as of January 27, 2018

Musicnotes Inc., a publisher and retailer of digital sheet music, said that it has given all eligible employees a 3 percent raise in salary tied specifically to the corporate tax reform bill signed by President Donald Trump in December.

The company, which has 55 employees, said the raises were effective Jan. 1 and are in addition to Musicnotes’ existing annual pay increases.

National Bank Holdings Corporation announced its plan to deliver a $1,000 bonus to all of its non-commissioned associates who earn a base salary of less than $50,000 annually and are in good standing. This move is in part a response to the recently enacted tax legislation, which is anticipated to have a positive impact on the U.S. economy.

When federal tax reform legislation was signed into law in late December, the company began assessing how reductions in corporate tax rates could benefit customers. The company announced today it will update its rate proposal with the DPU for natural gas rates that will go into effect in October 2018: reducing the original $87 million request to an estimated $51 million.

“We are committed to ensuring that the tax savings of the legislation are fully realized and are used to help our customers in their energy bills,” said Cordi O’Hara, president and COO of National Grid in Massachusetts. “We’ll continue to seek opportunities to provide this benefit to all of our customers.”

National Grid Rhode Island announced that it is reducing its electric and gas base distribution rate proposal with the Rhode Island Public Utilities Commission (RIPUC) by more than $25 million. Last November, National Grid had put forth its first proposal since 2012 asking the RIPUC to adjust its base distribution rates for both gas and electric customers. Since that time, National Grid has been assessing how the newly passed federal tax reform legislation that was signed into law in late December could benefit our customers.

Nationwide Mutual Insurance Co. is joining a number of major financial institutions in giving bonuses to employees following the tax reform passed by Congress right before Christmas.

The Columbus-based insurer announced Wednesday that it’s giving a $1,000 discretionary bonus to employees and managers below the company’s senior ranks, and starting this year will increase its 401(k) match for employees to 50 percent on the first 7 percent of an employee’s contribution, up from 6 percent.

About 29,000 of the company’s 33,000 employees nationwide will get a bonus, while all of its workforce will benefit from the 401(k) match.

Crediting the new corporate tax rate recently approved by Congress, approximately 98 percent of Navient employees across the country received a $1,000 bonus just before the holidays.

Navient has approximately 6,700 employees nationwide, including more than 900 in Hanover Township, company officials say.

Nelnet said Thursday that it will give nearly all of its 4,100 employees — about 2,500 of whom work in Lincoln — a $1,000 bonus in their Dec. 29 paycheck.

Nephron Pharmaceuticals announced Wednesday the company’s 640 South Carolina employees are receiving a five percent pay raise, attributing the move to the tax bill passed by Congress this month.

“Little wins for us are great things,” says Robert Cassell, the owner of New Liberty Distillery in Philadelphia. “And this is a big win.”

NexTier Bank announced an investment in its workforce with a one-time bonus of $1,000 for all employees as a result of the tax reform bill passed by the U.S. Congress and signed by President Trump. This is in addition to annual bonuses paid in late 2017.

Board of Directors has elected to provide all employees with a one-time $1,500 cash bonus thanks to the passage of new tax legislation.

This small business was able to hire one new employee, give all employees bonuses ranging from $100 – $971 after taxes; the company is also investing in a new building.

“At this point, we are trying to figure how much the savings might be and develop a plan for what the best option might be for customers,” said spokesman Butch Larcombe.

As a result of the passage of the tax relief bill this week, Ohnward Bancshares has announced it will pay a $1,000 tax relief, holiday bonus to every company employee. This bonus is separate, and, in addition to, normal bonuses received based on company performance. “There has been a lot of debate about what a tax cut will do for the nation’s economy. This sweeping tax reform will create economic growth in our communities, but only if the expense savings are shared”

Most Oklahomans can expect to start seeing a lower utility bill in the mail later this year. The Oklahoma Corporation Commission voted Tuesday to transfer about $150 million a year in new corporate tax cuts to the customer.

Power and gas corporations across the state started seeing lower tax rates Jan. 1, so one commissioner wants your bill to be lowered immediately. The other two commissioners disagreed and won the vote.

“I am excited to share a bit of good holiday cheer with you today. The President has signed a historic tax reform bill that should reduce OD’s taxes and also generate growth for the U.S. economy. We expect that the anticipated improvement in the economy will create additional opportunities for use to WIN market share and grow our Company more than originally anticipated. As we have said many times before, however, our ability to successfully grow the Company is centered on each member of the OD Family performing at his or her very best to deliver SUPERIOR SERVICE to our customers!

“Oncor will work with the PUCT to determine the best way to distribute those savings back to customers,” said spokesman Geoff Bailey via email. “In short, we are capturing these tax savings for future refunds to our customers.

Oncor serves about 3.4 million homes and businesses, mostly in North Texas and West Texas. So residents in the coverage area would get a refund but when, and how much, are not certain.

The new Republican tax plan has brought a variety of tax cuts. Pacific Power says they are committed to passing the benefit of this tax cut on to customers.

“We strive to provide our customers reliable service while keeping rates low,” said Stefan Bird, President and CEO of Pacific Power. “The benefit of this tax cut should be passed on to our customers – and we will work with our regulators and stakeholders on the best way to do that.”

We gave every employee a $600 cash (in $2 bills) bonus and we raised base pay by $1.50-2.50 an hour. And yes we are growing, adding staff and buying more equipment. We thought you should know. Pattison Sand – A Great Place to Work!

Magnolia, Ark.-based Peoples Bank provided a $500 bonus and contributed $50,000 to its charitable fund.

Pepco announced they will file with the Public Service Commission of the District of Columbia in early February, outlining plans to provide annual tax savings to more than 296,000 electric customers in the District of Columbia. If approved, Pepco would plan to begin providing a credit lowering customer bills starting in the first quarter of 2018.

The tax savings are the result of federal tax reductions under the new Tax Cuts and Jobs Act, which was signed into law on Dec. 22, 2017, and became effective on Jan. 1, 2018. The decrease in the Corporate Tax Rate from 35 percent to 21 percent reduces the amount of federal income tax Pepco will have to pay.

In wake of the new tax law, the company plans to invest approximately $5 billion in capital projects in the U.S., including building its manufacturing presence. It plans to contribute $500 million to its U.S. pension plan and has allocated about $100 million for a special, one-time bonus for all nonexecutive employees in the first quarter of 2018.

“We feel strongly that the message should be loud and clear that this is a tax cut that will benefit all Americans,” Pinnacle Bancorp Chairman Sid Dinsdale said in a news release.

Passage of the tax reform bill means that Pioneer Credit Recovery employees will get bonus payments of $1,000 each.

Pitney Bowes, a global technology company that provides innovative products and solutions to power commerce, announced that, with the signing of the Tax Cuts and Jobs Act in December 2017, the Company will make an investment commitment of more than $18 million on an annualized basis to raise wages of the majority of its U.S. hourly employees. In addition, Pitney Bowes plans to fund key investment areas within the Company to provide more value to its small and medium business clients.

PNC announced it will provide an additional $1000 cash payment to 47,500 employees and $1,500 to their existing pension accounts.

PNC announced it will provide an additional $1000 cash payment to 47,500 employees and $1,500 to their existing

The cash payment to 47,500 employees was estimated to reach 90% of PNC employees. It is set for all employees below an unspecified compensation band.

PNC Financial Services said they will raise the minimum pay rate to $15-an-hour by the end of 2018.

A $200-million-dollar contribution to the PNC Foundation was also announced. It supports early childhood education through PNC’s Grow Up Great initiative.

A $200-million-dollar contribution to the PNC Foundation was also announced. It supports early childhood

PodcastOne Founder and Executive Chairman Norman Pattiz announced today that the podcast company will award all full-time employees a $1,000 cash bonus.

Tax reform bonuses were given on Jan. 2, 2018 to employees; further, employees will receive another $500 bonus in 2018 on the anniversary of their hire date.

RDR, Inc. A professional services firm headquartered in Centreville, Virginia with a Branch office in Southern Pines, North Carolina and individual employees nationwide is announcing that it will be paying bonuses to each of its 125 employees as a result of anticipated 2018 tax savings from the recently passed Tax Cuts and Jobs act of 2017.

RDR, Inc. A professional services firm headquartered in Centreville, Virginia with a Branch office in Southern Pines, North Carolina and individual employees nationwide is announcing that it will be paying

Regions Financial increases minimum wage to $15 per hour, contributes $40 million to benefit communities, and increases capital investments to serve customers.

“We, as a privately held manufacturing firm in Riviera Beach, Florida, will benefit greatly from the Tax Reform act recently passed. Because of this savings, we have given all our employees a $1,000 Bonus (This is in addition to their 2017 year-end bonuses. – Sharon B. Rinehimer, Executive Vice President/General Counsel, RGF Environmental Group, Inc.

Rocky Mountain Power says it plans to pass some of its federal tax savings on to customers. But, the company isn’t sure how much or when.

“We strive to provide our customers reliable service while keeping rates low,” said Cindy Crane, President and CEO of Rocky Mountain Power. “The benefit of this tax cut should be passed on to our customers — and we will work with our regulators and stakeholders on the best way to do that.”

Rod’s Harvest Foods of St. Ignatius, Montana,” is giving pay raises and bonuses up to $500. Chief Rod Arlint told workers, “We are happy to share with our employees the anticipated tax saving for 2018 realized by the tax reform bill recently passed by the U.S. Congress and signed by President Trump. We are excited about the benefits it will provide for our country’s economy, our store, and our employees. As a result of the tax savings expected in 2018, we will be passing this savings on to our employees. We will be raising wages 3-5 percent and entry wage to $11 an hour (non-student). Also, please accept this bonus as a gesture of appreciation for your hard work and loyalty to Rod’s Harvest Foods. You are our most valuable resource!”

Royal Hawaiian Heritage Jewelry plans to open up three more shops – in Honolulu, in Kauai and Maui in addition to its existing three shops.

Rush Enterprises, Inc., which operates the largest network of commercial vehicle dealerships in North America, today announced that as a result of recent tax reform legislation, it will provide a one-time $1,000 gift to its approximately 6,600 employees in the United States.

Russell Lands, the largest lakeside residential developer in the state, has given full-time employees a $500 check.

“We are thrilled that our company is strong, the economy is good, and that our national leaders recently approved a tax plan that should be very positive for all of us,” said Chairman Ben Russell . “This is a token of the company’s, and my personal, genuine appreciation for what our folks have done to make Russell Lands such a great company. It’s because of our employees’ efforts that we have been able to accomplish so much.”

“We are thrilled that our company is strong, the economy is good, and that our national leaders recently approved a tax plan that should be very positive for all of us,” said Chairman

. “This is a token of the company’s, and my personal, genuine appreciation for what our folks have done to make Russell Lands such a great company. It’s because of our employees’ efforts that we have been able to accomplish so much.”

In connection with the anticipated benefit of the Tax Act, the Company awarded a one-time cash bonus, estimated to be approximately $23 million or $0.27 per diluted share, to all non-incentive bonus eligible employees of the Company employed on December 31, 2017. The bonus will be paid to eligible employees in February 2018. The bonus will be excluded from the Company’s comparable earnings from continuing operations (non-GAAP) reported in the Company’s fourth quarter earnings release scheduled for February 16, 2018.

Ryder has 31,300 employees in North America. Ryder manages 234,100 vehicles, has 44 million square feet of warehouse space, has 7,700 drivers, 5,900 technicians, and 800 maintenance facilities.

Sheffer Corporation in Cincinnati, a small manufacturing business announced it was investing in new plant and equipment and giving $1,000 bonuses to all 126 of its employees as a result of this law.

Delaware Supermarkets Inc. is handing out $150 bonuses to 1,000 non-management and union-represented employees as a result of the recent tax reform bill being signed into law. The bonus is in addition to holiday and performance bonuses.

$150 bonuses to 1,000 non-management and union-represented employees as a result of the recent tax reform bill being signed into law. The bonus is in addition to holiday and performance bonuses.

According to an internal memo the company will increase 401(k) contributions, increase capital expenditures, and increase charitable donations, and will enhance the existing bonus and incentive programs.

The South Point has joined the list of businesses handing out bonuses after passage of the Trump administration’s tax reform bill.

The casino released a statement saying it was giving more than $1 million in bonuses for 2017 to its employees, doubling the amount of bonuses for 2016.

The company also said it would be rescinding a scheduled increase in the share of health insurance costs paid by employees.

The Southwest Board of Directors authorized a bonus to all Southwest Airlines employees to celebrate the recent passage of the tax reform legislation. All full-time and part-time Southwest employees with Southwest on Dec. 31, 2017, will receive a $1,000 cash bonus on Jan. 8, 2018.

to celebrate the recent passage of the tax reform legislation. All full-time and part-time Southwest employees with Southwest on Dec. 31, 2017, will receive a $1,000 cash bonus on Jan. 8, 2018.

“I’m the founder and CEO of Spellex Corporation located in Tampa, FL. We’re a software development company which I founded in 1988. This is the first time I’ve done anything like this. I’m hoping there are thousands of companies like mine who gave their employees $1,000 bonuses to show our support for the new tax plan which will ultimately help the middle class.” – Sheldon Wolf

“SBnP, LLC is a Virginia Small, Women-owned and Minority-owned (SWaM) Business. SBNP LLC is a Pass-through business. The Tax Cuts and Jobs Act gives pass-through businesses like ours an additional 20% deduction from our income. Thanks President Trump!” – Nicholas and Nadia Bluma, Stafford Bounce n Play, LLC

“SBnP, LLC is a Virginia Small, Women-owned and Minority-owned (SWaM) Business. SBNP LLC is a Pass-through business.

The Tax Cuts and Jobs Act gives pass-through businesses like ours an additional 20% deduction from our income.

Starbucks Corp will use some of the savings from the new U.S. corporate tax cuts to give domestic employees pay raises, company stock and expanded benefits with a combined worth of more than $250 million, the company said.

Summit State Bank announced its plan to give $2,000 to each of its non-executive employees in January 2018 as a windfall derived from the Trump Administration’s tax-law revamp signed by the president on Dec. 22.

Stifel Financial Corp. Chief Executive Ron Kruszewski played Santa Claus two days before Christmas, telling most of the financial company’s approximately 7,000 salaried employees that they will receive an extra $1,500 bonus funded by expected benefits from the new tax law.

Raises for all employees averaging $1,000 each; restoration of 2% match on employee IRAs; software and equipment upgrades.

A one percent 401(k) contribution to retirement savings for all teammates, in addition to the company’s six percent match opportunity

$1,000 financial incentive for all teammates that complete the SunTrust Momentum onUp financial fitness program.

Sundance Vacations announced a decision to award bonuses to its employees based on the GOP tax reform bill that was recently signed into law by President Trump… The Sundance bonuses will total over $125,000. Hundreds of other companies are also issuing bonuses nationwide which Dowd believes will inject more spending into the US economy.

A reduction in the federal corporate tax rate from 35 percent to 21 percent enables Sussex Wire to invest in more workers and technology. The second is the ability to take full depreciation of capital equipment investments in the first five years.

He said the company had planned to hire five new employees within the next year with or without the legislation, but the law allows the company to do it faster.

The company employs approximately 100 people. Hourly wages were increased by $1.00 and over $50,000 in bonuses were distributed

Synovus Financial Corporation in Columbus, Ga., said it would give a $1,000 bonus to all full-time and part-time non-executive employees.

As a result of the Tax Cuts and Jobs Act, TCF will provide approximately $5 million in one-time bonuses to eligible team members–$1,000 to full-time team members and $500 to part-time team members–who earned less than $100,000 in total compensation during 2017, totaling 80 percent of its workforce. Additionally, TCF will donate $5 million to TCF Foundation to increase grants to nonprofit organizations in the communities it serves, including increasing its match of team member contributions to nonprofit organizations from 100 percent to 200 percent in 2018.

Territorial Savings Bank has joined the state’s four largest banks in giving out bonuses to employees and increasing the minimum wage.

Territorial Savings Bank said today that most of its employees will receive a $1,000 bonus and that it will be increasing its starting wage to $15 an hour from $11.25 an hour beginning Monday. The bonus, which was awarded today to 247 employees, is in addition to a $250 bonus that had been paid earlier this month to the same employees, following a practice that has been in place for several years. The 36 employees at the vice president level and above did not receive the $1,000 bonuses.

Texas Capital Bank President and CEO Keith Cargill announced today that the bank will be giving a majority of its employees a special $1,000 bonus, thanks in part to passage of the federal tax overhaul plan.

Total System Services Inc. is crediting tax reform for cash bonuses going to their team members worldwide.

Team members would receive a “special one-time cash bonus of $1,000” as “a result of the company’s continued success and the recently passed U.S. tax reform legislation.”

TSYS, which is celebrating its 35th anniversary in 2018, has about 11,500 employees — a little more than 5,000 of whom are based in Georgia.

Town Bank said the decision to increase the pay rate for eligible staff “comes as a result of the recently enacted tax reform legislation and the bank’s continued commitment to its employees.”

Wintrust said it expects that more than 600 employees will benefit from the pay raise across its family of more than 150 bank locations, including Town Bank’s 19 branches in Wisconsin.

Joining a growing list of companies handing out cash in the wake of federal legislation that slashes corporate tax rates, the Travelers Cos. Inc. told its staff it will give bonuses of $1,000 to thousands of employees.

Chief Executive Officer Alan Schnitzer said in a letter to employees that Travelers will give the bonuses in January to about 14,000 employees with a base salary of $75,000 a year or less and who meet “performance expectations.”

Turning Point is joining the nationwide trend of giving a $1,000 bonus to its work force after the passage of tax reform legislation.

Minneapolis-based U.S. Bancorp announced a $1,000 bonus for nearly 60,000 employees, a new minimum wage of $15 per hour for all hourly employees and a $150 million contribution to the U.S. Bank Foundation. The company also said it would enhance employee health insurance offerings and pour more money into improving customers’ mobile and digital experiences.

In response to Congressional approval of tax reform legislation, Unity Bancorp, Inc. (NASDAQ:UNTY), parent company of Unity Bank, announced today that its Board of Directors has elected to provide all employees excluding executive management with a one-time $750 bonus.

UPS today announced more than $12 billion in investments to expand the company’s Smart Logistics Network, significantly increase pension funding, and position the company to further enhance shareowner value.

“This $12 billion investment program is an outgrowth of the opportunity for tax savings created by the Tax and Jobs Act,” said David Abney, UPS Chairman and Chief Executive Officer. “We will increase network investments and accelerate pension funding to strengthen the company for the long term, so that we maximize the benefit to our global customers, employees and shareowners.”

Verizon says employees, other than top management, will receive 50 shares of restricted stock, the price of which will be set on February 1.

About 155,000 employees will be affected, Verizon CEO Lowell M cAdam told CNBC’s “Fast Money: Halftime Report.”

The award could total over $400 million, based on Verizon’s current share price. Shares traded around $53 a share on Tuesday, down from a fresh 52-week intraday high of $54.60 after quarterly earnings were released.

Verst Logistics confirmed today that they distributed $500 bonuses to all full-time employees on December 29, 2017 .

As part of an internal communication, President and CEO Paul Verst wrote that, as a result of the approved tax reform legislation, “Verst Logistics will realize reduced tax obligations going forward.” Speaking directly to employees, he added, “The combination of the efforts of our employees to meet and exceed our customer’s requirements, coupled with a more favorable tax environment, makes for a great future for our company. I want to be sure that you and your families share in the benefits of your accomplishments and the new tax reform legislation.”

wrote that, as a result of the approved tax reform legislation, “Verst Logistics will realize reduced tax obligations going forward.” Speaking directly to employees, he added, “The combination of the efforts of our employees to meet and exceed our customer’s requirements, coupled with a more favorable tax environment, makes for a great future for our company. I want to be sure that you and your families share in the benefits of your accomplishments and the new tax reform legislation.”

Recognizing that the change in the tax law is focused on the U.S., we have looked first at improving our benefits for U.S.-based employees by significantly inriching our company contributions to the 401(k) program:

Visa matches 200% of eligible employee contributions up to 3% of base salary for a total maximum contribution of 6% of eligible pay.

Visa will now increase the match to 200% of employee contributions up to 5% of base salary, for a Visa total maxmum contribution of 10% of eligible pay.

Walmart is increasing its starting wage rate for hourly employees in the U.S. to $11, following the passage of new tax legislation.

The company said it will also expand maternity and parental leave benefits, and provide a one-time cash bonus for eligible employees of as much as $1,000.

Walmart said it’s still accessing other “potential additional investments” that could come after the new tax laws.

Washington Federal announced a series of changes as a direct result of the passage of federal tax reform legislation . That includes a 5 percent merit-based increase in wages for all employees earning less than $100,000 annually as well as an investment in employee training programs.

. That includes a 5 percent merit-based increase in wages for all employees earning less than $100,000 annually as well as an investment in employee training programs.

The bank is also planning to increase its technology staff by 25 percent and add an additional tech office in Boise, Idaho, according to a news release. It will also contribute $5 million to the Washington Federal Foundation, which supports nonprofits focused on housing, senior care and improving financial literacy.

“Recent legislation has provided us with an opportunity to further recognize our employees and the important role they play in delivering excellent results for our customers and shareholders,” stated Joseph J. MarcAurele, Washington Trust Chairman and Chief Executive Officer.

We will award a one-time cash bonus of $1,000 to full-time employees and a $500 cash bonus to part-time employees. This award will benefit employees below a certain compensation threshold, covering more than 70 percent of our approximately 600 employees.

Additionally, we will implement a $1.00 per hour salary increase for employees below a certain compensation level, benefitting almost 40 percent of our workforce.

The company said the cash bonuses will be given to its North American employees who are not on a bonus or sales incentive plan, including hourly and other employees.

The news comes after other companies have made similar announcements, citing the passage of tax legislation that slashes the corporate tax rate to 21 percent from 35 percent.

Bruce Zak, owner of Web Hobby Shop in Pontiac, Michigan, said, “I am sure it seems like ‘crumbs’ to elitists but I was able to give them a $2 per hour raise because of the tax reform. It was great to do and my staff is very pleased.”

Webster said it will pay a one-time $1,000 cash bonus in the first quarter of 2018 to full-time employees who are below the vice president level. This payment will benefit approximately 70 percent of all Webster full-time employees, the bank said.

The financial institution also said it would increase Webster’s minimum wage to $15 per hour by the end of 2018.

Plans to raise the minimum wage of all team members to $15 per hour, which is an 11% increase over their current minimum hourly rate of $13.50.

Targeting $400 million in donations to community and nonprofit organizations in 2018 and will target 2% of its after-tax profits in 2019 for corporate philanthropy.

Targeting $100 million in capital and other resources over the next three years to support the growth of diverse small businesses and an additional $75 million in 2018 to its NeighborhoodLIFT program on sustainable homeownership and neighborhood revitalization.

Westar Energy announced it will file a request before the Kansas Corporation Commission (KCC) to reflect in its electricity rates the full amount of tax savings from the change in the federal tax law. Westar said that a detailed application is being prepared and will be filed later this month or early February. The Tax Cuts and Jobs Act, which decreased the corporate tax rate from 35 percent to 21 percent, was signed into law on Dec. 22, 2017, and became effective Jan. 1, 2018.

reflect in its electricity rates the full amount of tax savings from the change in the federal tax law.

Westar said that a detailed application is being prepared and will be filed later this month or early February. The Tax Cuts and Jobs Act, which decreased the corporate tax rate from 35 percent to 21 percent, was signed into law on Dec. 22, 2017, and became effective Jan. 1, 2018.

“We agree with the KCC Staff and others that all these tax benefits should go to our customers,” said Mark Ruelle, President and CEO of Westar. “This application to update rates starts that process.”

said Mark Ruelle, President and CEO of Westar. “This application to update rates starts that process.”

This is a big deal for the wine industry,” Says Dave Miller, White Pine Winery owner. He says over the past few days his email has been flooded with news of the tax bill…he says business has been good this year, and he plans on planting more grape vines this spring.

According to the Wine Institute, which represents a thousand wineries, this is the first wine excise tax reduction in 80 years. It says the bill will help grow wineries across the country.

Willis Lease Finance Corporation announced that it has given all non-executive employees a one-time bonus of $1,000 as a result of the tax laws recently passed by the United States Congress and signed into law by President Donald Trump.

Windsor Federal in Windsor, Conn., will pay a $250 bonus to all employees (excluding senior management), and raise the hourly minimum wage to $15 per hour.

“The passage of the tax credit is a catalyst for explosive economic growth. On a massive scale, the lowered federal tax burden on businesses will increase investment, entrepreneurship and corporate philanthropy,” Parsons said in a press release. “I’ve always believed in sharing good news and have decided to celebrate the tax plan by giving back to my staff.”

The firm employs 725 people, and the 594 who have been with the company longer than six month will each receive a $2,000 bonus, according to the press release. All other staffers will get $1,000. The bonuses total $1.3 million.

The firm employs 725 people, and the 594 who have been with the company longer than six month will each receive a $2,000 bonus, according to the

Zions Bancorp, the Salt Lake City-based large regional bank, said it would pay $1,000 bonuses to nearly 80% of its workforce and increase compensation for nearly 40% of employees as a result of the tax legislation passed late in December.


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See Also : fate of 700 billion power trade hinges on one trump buzzword

Hurricane winds and raging wildfires knocked out power to millions of people from Florida to California this year, underscoring the need to protect America’s electric grid from disaster.

to millions of people from Florida to California this year, underscoring the need to protect America’s electric grid from disaster.

President Donald Trump ‘s administration has a plan to achieve what it calls “resiliency”: Keep money-losing coal and nuclear plants running. The only problem is that almost every other corner of the energy industry — including the $700 billion utility sector — is heading in another direction.

to achieve what it calls “resiliency”: Keep money-losing coal and nuclear plants running. The only problem is that almost every other corner of the energy industry — including the $700 billion utility sector — is heading in another direction.

Even as the White House pushes a proposal to prop up coal and nuclear, the nation’s utilities are devoting almost half of their record $123 billion in spending this year to power lines and poles. Government data shows the lights go out because of grid disruptions, not a lack of generation. Puerto Rico, where power was completely wiped out for days after Hurricane Maria slammed ashore in September, is looking to rooftop solar and batteries. Even the U.S. military is turning to on-site renewables.

Even as the White House pushes a proposal to prop up coal and nuclear, the nation’s utilities are devoting almost half of their record $123 billion in spending this year to power lines and poles. Government

shows the lights go out because of grid disruptions, not a lack of generation. Puerto Rico, where power was completely wiped out for days after Hurricane Maria slammed ashore in September, is looking to rooftop solar and batteries. Even the U.S. military is turning to on-site renewables.

The country’s largest power market, stretching across much of the eastern half of the U.S., has a glut of power supplies so large that Moody’s Investors Service has warned that generators will have to shut. Spending utility customers’ money — as much as $11.2 billion, according to The Brattle Group — to keep more coal and nuclear online could exacerbate that overbuild, extending what’s already been a three-year slump in electricity prices.

“If you end up ‘fixing the market’ in a not market-friendly way, you might just end up making it dysfunctional and you end up reducing investor confidence,” said Toby Shea, a New-York based credit analyst at Moody’s. “There’s no right or wrong, but it’s obvious it’s going to make the downturn worse. That’s not debatable.”

In September, Energy Secretary Rick Perry directed the Federal Energy Regulatory Commission, which oversees the nation’s grid, to come up with a rule that would allow generators with 90 days of fuel supply on site to recover costs plus earn “a fair rate of return.” Such plants are facing premature shutdowns and are indispensable to economic and national security, Perry said in a letter to the agency. FERC will decide on the proposal Dec. 11.

In September, Energy Secretary Rick Perry directed the Federal Energy Regulatory Commission, which oversees the nation’s grid, to come up with a rule that would allow generators with 90 days of fuel supply on site to recover costs plus earn “a fair rate of return.” Such plants are facing premature shutdowns and are indispensable to economic and national security, Perry said in a

“America’s greatness depends on a reliable, resilient electric grid powered by an ‘all of the above’ mix of generation resources,” he said. The Energy Department didn’t respond to requests for comment by email and phone, and a Defense Department spokesman didn’t immediately respond to an emailed request.

The first challenge: define resiliency. There are hundreds of rules pertaining to reliability, which ultimately is the ability to keep electricity flowing to consumers all the time.

“We still haven’t fundamentally fleshed out what the concept of resilience means and I think that is part of our process,” FERC Chairman Neil Chatterjee said in an Oct. 27 interview. To Chatterjee, it’s “the ability to ensure not only that the lights stay on but that in the event of a natural or manmade disaster, we are quickly able to restore power.”

The Energy Department’s plan to aid coal and nuclear won’t come cheap. Independent estimates for the cost of the energy department’s proposed policy range into the billions of dollars a year. An October study by Energy Innovation: Policy and Technology LLC forecast $311 million to $10.6 billion, depending on detail of how the policy is adopted. The Brattle Group predicted $3.7 billion to $11.2 billion a year.

The Energy Department’s plan to aid coal and nuclear won’t come cheap. Independent estimates for the cost of the energy department’s proposed policy range into the billions of dollars a year. An October study by Energy Innovation: Policy and Technology LLC

$311 million to $10.6 billion, depending on detail of how the policy is adopted. The Brattle Group predicted $3.7 billion to $11.2 billion a year.

Utilities including American Electric Power Co. and Duke Energy Corp. are focused on power lines, rather than fuel supply. One major lesson from recent disasters, including Superstorm Sandy in 2012 and the extreme eastern U.S. cold in 2014: damage to lines and related infrastructure, not plants, is the primary cause of outages. From January 2016 through September of this year, none of the major electricity disruptions affecting 22 million customers were caused by fuel issues, government data show.

are focused on power lines, rather than fuel supply. One major lesson from recent disasters, including Superstorm Sandy in 2012 and the extreme eastern U.S. cold in 2014: damage to lines and related infrastructure, not plants, is the primary cause of outages. From January 2016 through September of this year, none of the major electricity

American Electric Power and Duke said they didn’t support the Energy Department’s proposal as written, according to comments filed with FERC.

“Major blackouts nearly all start in the long, vulnerable transmission lines that coal and nuclear plants require,” said Amory Lovins, co-founder and chief scientist of the Rocky Mountain Institute, a non-profit focused on sustainability.

Less than one-thousandth of 1 percent of utility customer hours lost to outages between 2012 and 2016 were caused by fuel supply emergencies, according to consultant Rhodium Group. After the “polar vortex” that brought frigid weather to the U.S. East in 2014, power generators added dual fuel capabilities so they could switch to burning fuel oil when gas supplies were low or prices too high. New England’s liquefied natural gas import terminal has also seen a revival since the polar vortex, bringing shipments from Trinidad.

Duke, one of the largest U.S. utilities, will spend the bulk of its planned $25 billion grid investments over the next decade on hardening its systems against damages, said Lee T. Mazzocchi, senior vice president of grid solutions at the company in Charlotte, North Carolina. It’s “extremely rare” for the utility’s generation to fall short of customer needs, he said.

Utilities are spending money on concrete poles, equipment sensors and other technologies to track outages, said Rob Manning, vice president of transmission and distribution at the Electric Power Research Institute. Solar, wind and other so-called distributed generation systems are allowing customers to supply power to the grid, too. Utilities have increasingly directed spending to these areas over the last decade, he said.

A testament to that shift: American Electric Power said it will spend $4.5 billion to buy the country’s largest wind farm, which is under construction, and build a 350-mile transmission line to serve customers in Arkansas, Louisiana, Oklahoma and Texas. Those customers will see their utility rates go down when that power starts flowing, said Lisa Barton, president and chief operating officer of the company’s transmission operations.

But Trump’s proposal does have at least one group of vocal supporters in the energy industry: Coal miners. Murray Energy Corp., the largest closely held U.S. coal producer, “strongly and enthusiastically” supports the Energy Department’s plan, Robert Murray, the company’s founder and chief executive officer, said in a filing .

But Trump’s proposal does have at least one group of vocal supporters in the energy industry: Coal miners. Murray Energy Corp., the largest closely held U.S. coal producer, “strongly and enthusiastically” supports the Energy Department’s plan, Robert Murray, the company’s founder and chief executive officer, said in a

Failure to act “will create significant risk for consumers of electricity throughout the United States and will threaten the livelihoods of hundreds of thousands of people” in the nuclear and coal industries, the company said.

The nation’s military is also moving toward clean energy. The Defense Department — one of the world’s largest energy consumers — had about 1,631 renewable energy projects operating in 2016, an increase of 17 percent over the previous year, according to a report . Generating more power on site will help insulate military installations from grid-wide blackouts, Rocky Mountain Institute’s Lovins said.

The nation’s military is also moving toward clean energy. The Defense Department — one of the world’s largest energy consumers — had about 1,631 renewable energy projects operating in 2016, an increase of 17 percent over the previous year, according to a

. Generating more power on site will help insulate military installations from grid-wide blackouts, Rocky Mountain Institute’s Lovins said.

“The Pentagon is switching from insecure grid-delivered power to distributed, granular, renewable generators,” he said.

The rule may have the biggest impact on the PJM Interconnection LLC grid, the nation’s largest, which serves almost a fifth of the U.S. population from Washington to Chicago. The region is the epicenter of the boom in natural gas from shale, which has flooded the market with cheap supply and forced coal plants and nuclear reactors to shut. And PJM doesn’t need coal and nuclear to avoid disruptions: Though the grid is required to have a reserve margin, or capacity above what’s needed to meet normal peak demand of 17 percent, it actually has 29 percent on hand, PJM spokesman Ray Dotter said.

While the grid stretching from the Midwest to Louisiana relies on coal for about half of its electricity, the system has a diverse mix of supplies and doesn’t expect any disruptions caused by older plants potentially shutting, said Jeff Bladen, executive director of market services for grid operator The Midcontinent Independent System Operator Inc. Meeting reliability needs has changed over the past decade or two because people are using electricity far differently, requiring distribution and generation that can react to swings in supply and demand, he said.

on coal for about half of its electricity, the system has a diverse mix of supplies and doesn’t expect any disruptions caused by older plants potentially shutting, said Jeff Bladen, executive director of market services for grid operator The Midcontinent Independent System Operator Inc. Meeting reliability needs has changed over the past decade or two because people are using electricity far differently, requiring distribution and generation that can react to swings in supply and demand, he said.

“Ultimately customers have a choice and if the cost of the grid becomes so high, customers will choose alternatives,” Bladen said. “The economy is built on low-cost energy that is reliable.”

Perry’s push won’t affect his home state of Texas, where power generation owner Vistra Energy Corp. recently announced the retirement of three coal-fired plants because of poor economics. The state has intentionally limited interstate connections to stay free of FERC’s jurisdiction.

Perry’s push won’t affect his home state of Texas, where power generation owner Vistra Energy Corp. recently

the retirement of three coal-fired plants because of poor economics. The state has intentionally limited interstate connections to stay free of FERC’s jurisdiction.

California, meanwhile, is becoming a test case for what the grid would look like without coal or nuclear reactors. The state has weaned itself off of coal-fired electricity and plans to shut its remaining nuclear power plant by 2025. Its utilities expect to get 50 percent of their power from renewable sources by the end of this decade , far ahead of a target set for 2030.

California, meanwhile, is becoming a test case for what the grid would look like without coal or nuclear reactors. The state has weaned itself off of coal-fired electricity and plans to shut its remaining nuclear power plant by 2025. Its utilities expect to get 50 percent of their power from renewable sources by the end of

Costs are falling so dramatically that in some areas it’s cheaper to build new gas plants and wind and solar farms than to keep operating nuclear and coal generation, said Jonathan Mir, head of North American power and utilities at Lazard Ltd.

to build new gas plants and wind and solar farms than to keep operating nuclear and coal generation, said Jonathan Mir, head of North American power and utilities at Lazard Ltd.

“It is unfortunate if false hope is being given around the prospects of plants operating in places where there are permanent technology changes that rendered them obsolete,” Mir said. In those areas, “you need to start focusing on other ways to help people.”

Senior Correspondent, Automotive News TV; host, ‘By the Numbers’ First Shift segment
Read more about Jesse

Super Bowl blitz: FCA to air five ads, Toyota three; Hospital: No humans harmed in fume tests; Mercedes keeps luxury lead; reveals A class hatch; Daimler open to mobility tie-ups.

Tax changes boost AutoNation profit; Warning from Daimler; Waymo AVs least dependent on humans, Calif. study finds; Recall costs soar to $22B; Nissan to pay carpoolers to hitch a ride.

Sales leap at Toyota, FCA extends losing streak; Mitsubishi recall; Report: CFPB fair-lending arm stripped of power; ‘Creative’ NAFTA idea; Steven Tyler drives this way in Kia ad.

Trump: Detroit ‘revving its engines’ again; Moody’s turns sour on Ford; With competition rising, can Tacoma stay on top?; Forget Eagles vs. Patriots, try Challenger vs. S class.

Ex-union VP implicated in FCA-UAW scandal; Nearly flat Jan. sales expected; Daimler, BMW move, suspend workers tied to fumes tests; Hyundai’s Super Bowl ad spotlights cancer charity.

Workers allege FCA-UAW collusion; Faraday sues rival startup; Buick hitches wagon to a Regal; Mercedes-Benz’s A class goal; More Pacificas for Waymo; Alliance nabs VW’s sales title.

Fallout from ‘unethical’ diesel fume tests begins at VW; Design guru Bangle steers clear of safe harbors, makes magic and finds the ‘fourth’ space; Honda to renew its Passport; Hyundai’s bigger Santa Fe.

Elite-level Hyundai dealers get first crack at Genesis stores; Ford’s new China chief quits; VW board calls for probe into monkey experiment; Kia takes sporty turn; Ford robocop?

Porsche: Still a place for sports cars in EV era; Apple-car expansion; Ford mobility buys; Rise in vehicle ownership; Old Celica now an EV; Nissan and the self-parking slippers.

Monkey experiment adds bizarre twist to VW diesel scandal; Once-maligned Nissan model finds new fans; Track-focused Ferrari 488 headed to Geneva?; Karma’s modern-art car.

Ford ‘not satisfied’ with results, keeps fitness plans under wraps; FCA earnings up, Hyundai’s mixed; Chinese cars at Volvo plant?; Battle of the EV plugs

A Sergio deep dive: Passing Ford, ditching debt and avoiding ‘screw up’; Buick, Porsche are winners; Trail-ready Toyotas; Kia, Fittipaldi hit the track; Hyundai’s next Santa Fe.

Americans warming up to AVs – survey; Ford’s mobility push takes a toll; Feds probe Autopilot role in Tesla crash; BMW, Daimler car-share combo; Subaru dog ads.

SUVs ride high into ultraluxury market: ‘Closed-room’ reveals at Rolls; Lambo sees double with Urus; Bentley Bentayga boom; Ferrari, Aston plans; Baby Jeep on board?; ‘Start’ for AVs.

Tesla ties Musk’s pay to blockbuster performance; Ex-FCA exec pleads guilty; 2020 Focus glimpsed; Marchionne on truck names and ‘voodoo chanting’; VW’s Diess on EV obstacles.

Jeep’s global sales setback; Ghosn open to AV tech partnership; Uber chief: Profit within 3 years; Well-connected VW Golf?; PSA confirms Atlanta HQ; NADA gets unconventional.

Driving a vehicle offers many benefits, but it also means that you must take on many responsibilities . Being able to go where you need or want to go is an option when you have your own car, truck, van, or SUV. However, in order to legally drive the vehicle, you must obey the applicable laws , including purchasing car insurance. For your car insurance needs, the tips shared in this article can come in quite handy.

. Being able to go where you need or want to go is an option when you have your own car, truck, van, or SUV. However, in order to legally drive the vehicle, you must

, including purchasing car insurance. For your car insurance needs, the tips shared in this article can come in quite handy.

How long has it been since you have purchased your policy? If it has been a year or more, you may have forgotten exactly what you are paying for. By taking some time to look over your policy, you can make any necessary changes.

If you are looking to save money on car insurance as a young driver , start by comparing prices. As you do this, it is important to make sure that you are comparing similar coverages and deductibles. This will ensure you are looking at the same thing.

, start by comparing prices. As you do this, it is important to make sure that you are comparing similar coverages and deductibles. This will ensure you are looking at the same thing.

You can also save money by bundling your various insurance policies. If you currently have home or renters insurance, health insurance, life insurance, or other policies, you can talk with your agent about adding car insurance. Many times when you have more than one policy with the same company, you can save quite a bit on your insurance – see the full guide at Cheap Car Insurance Reviews for Convicted Drivers .

You can also save money by bundling your various insurance policies. If you currently have home or renters insurance, health insurance, life insurance, or other policies, you can talk with your agent about adding car insurance. Many times when you have more than one policy with the same company, you can save quite a bit on your insurance – see the full guide at

In conclusion, insurance is something you must have if you choose to drive. While it is mandatory, it is also a good choice as it makes sure you are financially protected should an accident occur . Consider the tips shared here to help make sure you have the very best policy. By doing so, you can save money and have the coverages you desire.

In conclusion, insurance is something you must have if you choose to drive. While it is mandatory, it is also a good choice as it makes sure you are financially protected

. Consider the tips shared here to help make sure you have the very best policy. By doing so, you can save money and have the coverages you desire.

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Though Waymo’s lawsuit against Uber has narrowed markedly since it was filed, it has raised questions #8212; and eyebrows #8212; over how technology is developed and who stands to benefit.

Alfa Romeo, Suzuki, Toyota and Seat were the biggest winners last year among brands sold in Europe, where overall vehicle registrations rose 3.3 percent to 15.63 million according to industry association ACEA.

Federal tax cuts, plus other positive economic trends, will spur consumer spending on cars and trucks in 2018, economists and analysts say.

In a year where the auto roster is thinner than usual, FCA will be in position to hog the spotlight again.

Super Bowl blitz: FCA to air five ads, Toyota three; Hospital: No humans harmed in fume tests; Mercedes keeps luxury lead; reveals A class hatch; Daimler open to mobility tie-ups.

Fiat Chrysler Automobiles plans to air five Super Bowl spots — sprinkled across all four quarters of the game — touting the Jeep and Ram brands.

Toyota is making its biggest Super Bowl ad buy ever with two spots that push its global Olympics and Paralympics sponsorships and a third ad that will continue its long-running “Let’s Go Places” campaign.

January U.S. sales winners, losers; EcoSport small crossover gives Ford chance to play catch-up; U.S. tax breaks buoy Honda earnings, outlook; GMC Sierra set for March reveal.

New-car sales in Italy rose 3.4 percent to 177,822 in January, according to figures published by Italy’s transport ministry. The rise was due to there being one extra selling day than the previous year.

Daimler CEO Dieter Zetsche said the automaker was open to considering a broader alliance and a partial listing of its mobility operations, which include car-sharing services such as Car2Go.

After winning two straight luxury sales crowns, Mercedes-Benz USA is kicking off 2018 with a clear-cut lead in the U.S. luxury market despite a small skid in January.

Hyundai-Kia’s U.S. sales dropped 6.4 percent in January behind a 16 percent decline in car deliveries. Combined light-truck volume at Hyundai, Kia and Genesis rose 15 percent last month.

American Honda sales dipped 1.7 percent in January from the year-earlier period following weak results for the Accord, CR-V and Ridgeline.

Sales leap at Toyota, FCA extends losing streak; Mitsubishi recall; Report: CFPB fair-lending arm stripped of power; ‘Creative’ NAFTA idea; Steven Tyler drives this way in Kia ad.

Toyota Motor Sales reported a 17 percent rise in U.S. auto sales last month compared with a year ago on the strength of light trucks and several core sedans across the Toyota and Lexus brands.

Nissan posted positive results as it continues to work down its inventories of 2017 models, while Infiniti absorbed an 8 percent decline.

Subaru of America’s streak of monthly year-over-year increases has moved into another year, with January volume rising 1.1 percent.

VW’s U.S. sales rose 5.2 percent in January to 24,744, with crossovers accounting for 52 percent of sales for the sedan-heavy brand.

GM reported sales last month of 198,548 cars and trucks, a 1.3 percent increase compared with January 2017.

Ford’s U.S. sales fell 6.3 percent in January because of lower-than-normal fleet orders and continued poor sales of sedans.

New-car sales in Spain surged 20 percent in January on strong demand for the VW, Seat and Peugeot brands. A total of 101,661 units were sold last month, according to industry association ANFAC.

FCA US recorded a 17th consecutive month of declining sales in January, falling 13 percent to 132,803 vehicles.

U.S. light-vehicle sales rose 1.2 percent in January with higher incentives and light-truck demand luring consumers even as severe cold temperatures across large swaths of the country put a chill in some showroom traffic.

The sharp decline in Ireland’s 2017 new-car sales, which fell an EU-worst 10 percent to 131,335 units, was due to a number of Brexit-related factors, experts said, adding that the trend is expected to continue.

New-car registrations in France rose 2.5 percent in January, with sales helped by strong gains at Peugeot, Mercedes, Hyundai and Skoda. Sales increased to 156,151, industry group CCFA reported. French automakers’ sales rose by 12 percent.

Tax changes boost AutoNation profit; Warning from Daimler; Waymo AVs least dependent on humans, Calif. study finds; Recall costs soar to $22B; Nissan to pay carpoolers to hitch a ride.

AutoNation’s fourth-quarter net income increased 31 percent, boosted by the federal tax bill and a strong performance in its FandI and service departments.

Aerosmith’s Steven Tyler is turning back the wheels of time with a lap around the racetrack in Kia’s Super Bowl ad. The aging Aerosmith frontman rediscovers his youth on a dusty, barren track.

Nissan Europe has promoted Ken Ramirez to lead its sales and marketing operations in the region following the departure of Philippe Saillard after just 10 months in the job.

European sales of cars powered by alternative powertrains rose 39 percent last year as Toyota pushed hybrid models and Renault extended the driving range on the latest version of its battery-powered Zoe.

Ex-union VP implicated in FCA-UAW scandal; Nearly flat Jan. sales expected; Daimler, BMW move, suspend workers tied to fumes tests; Hyundai’s Super Bowl ad spotlights cancer charity.

To understand why CEO Jim Hackett is urgently overhauling Ford, look no further than the surging subcompact crossover segment.

Penske Automotive Group’s used-only stores generate $300 to $400 more gross profit per vehicle than the group’s franchised stores. One reason: no FandI managers.

Wells Fargo is renaming its auto-loan business a year after it was beset by regulatory scandals and operational hurdles.

Audi partners with a freeride skiing expert and transports him to new locations in the newest video to join our charts.

Nearly six years after Ford reclaimed its good name in the credit community, the automaker was put on notice when Moody’s signaled its investment-grade rating could again be at risk.

New-vehicle sales this month, fueled by higher incentives, are expected to roughly match the levels of January 2017 in the United States, but the selling rate is projected to decline.

Autoliv forecasted higher organic sales growth this year after fourth-quarter adjusted earnings rose 8.2 percent and revenues increased 5 percent.

The future of driverless driving looks like a giant toaster with a funny hat. That’s an approximation of a new autonomous vehicle unveiled by Nuro, a Silicon Valley startup that’s been cryptic about its business plan.

Opel and its Spanish unions have reached an agreement on worker conditions at its Zaragoza plant after threats by owner PSA to cut investment at the factory that builds the best-selling Opel Corsa.

FCA agreed to supply “thousands” of Chrysler Pacifica minivans to Waymo, Google’s self-driving affiliate, for its ride-hailing pilot and public road testing.

The Autotrader shopping site is changing so that it can shepherd consumers through much of a deal online and save them time when they connect with dealers.

Hyundai’s Super Bowl spot will again take shape on game day. The brand will highlight its Hyundai Hope on Wheels initiative and the 60-second spot will air in the fourth quarter.

Hyundai said it plans to use a 60-second ad spot in Sunday’s Super Bowl to plug an organization dedicated to fighting childhood cancer.

AutoNation no longer refuses to hire job applicants who test positive for marijuana in drug screenings, CEO Mike Jackson said.

Cadillac reports its average transaction price has risen 25 percent in the last five years to $54,488 per vehicle sold in 2017 — making it among the best in the luxury segment.

Audi is taking deposits from potential customers for its new e-tron full-electric SUV in four European markets. The e-tron will launch later this year as a rival to cars such as the Tesla Model X and Jaguar I-Pace.

Manheim will extend rapid introductions of digital enhancements into 2018, as the technology race among auctions rages.

After AutoNation decided to dedicate itself to fighting breast cancer, the mission has become visibly embedded in its culture and unmistakably linked to the company’s brand.

A competitive barrage in midsize pickups could be tough for the Toyota Tacoma, the segment leader for more than a decade. Or it could be an opportunity for the burly Toyota to kick sand in the face of yet another challenger.

AutoNation is tapping its tax-change windfall to train associates to work with its brand extensions and on its partnership with Waymo.

Supra race is a major attraction for big Auto-mobile companies to get the young mechanical and Auto-mobile engineers into action and prove their talents. This race is conducted by SAE INDIA – Society of Automotive Engineers who gives opportunity to young talents to prove their metals. This is also an opportunity for the big brands to recruit the Great and creamy layer of engineers who are practically sound.

Supra Race is to be conducted in the year 2018 and here is the information about the teams that are registered in the supra race 2018:

Teams do build up their own supra cars that involves all things to be kept in mind that is suspension, thrust, steering movements, angle of turns, weight / mass distribution to prevent red ends splits and give smooth turnings without any accidents to happen.

Supra 2018 Race by SAE INDIA will be an enthusiasm for the spectators and the participating teams also. It will be soon scaled up to be open to most of the public. This race is still not that renowned and sponsors have to spend much in funding the event.

However the event is rising attraction and people are becoming more and more aware of this event. Supra race is always great to see and people do bid their respective teams and play a gamble. These events can be a serious opportunity of earning for gamblers but it is illegal to do so. People caught in it are punished by court.

Supra race is done on the man made paths that involves many hurdles, digs, acute turns and many more to test the tensile strength and make up of the car. It tests the driving skills of the driver alot. Winning teams are rewarded with money and also with great opportunities to make up their whole life.

There is lot more to be told about the SAE INDIA SUPRA RACE. Keep visiting us and we will keep you updated about the supra car race.

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