April 14, 2021

sell

Exclusive: Ingersoll Rand nears $1.7 billion deal to sell golf cart business to Platinum Equity – sources

(Reuters) – Pumps and compressors manufacturer Ingersoll Rand Inc is nearing a deal to sell its golf cart business to private equity firm Platinum Equity LLC for around $1.7 billion, people familiar with the matter said on Sunday.

The deal will separate Ingersoll Rand from a business it acquired in 1995. It is the latest in a series of divestitures that CEO Vicente Reynal has embarked on to pay down debt and streamline the company’s portfolio following the merger last year of Ingersoll Rand’s industrial business with Gardner Denver Holdings Inc.

A deal could be announced as early as Monday,

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Opinion: Here’s how you can save money on capital-gains taxes when you sell your home

You no longer must buy another home in order to claim the capital-gains exemption. An earlier version of this article incorrectly said you had to.

Dear Ms. MoneyPeace:

My first wife died in 2013 and I remarried in 2014. My will gives my wife my house. I have owned four houses in four states starting in 1964. Each appreciated in value. I have not paid any capital gains tax as yet. When my wife sells after my death, how will her cost basis be determined?

My will and my house are in San Diego.

Thank you
Capital-gains-less so far

Dear

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Dow closes more than 200 points lower as banks sell off, breaks a two-week win streak

The Dow Jones Industrial Average fell on Friday after the Federal Reserve’s decision to not extend a pandemic-era capital break for banks stoked a rise in bond yields and a sell-off in financial stocks.

The blue-chip Dow slid 234.33 points, or 0.7%, to 32,627.97, pressured by Visa and JPMorgan. The S&P 500 dipped 0.1% to 3,913.10, closing off its lowest level of the day when it fell 0.7%. The Nasdaq Composite gained 0.8% to 13,215.24 as investors bought the dip in tech shares. Facebook gained 4%, while Amazon and Netflix rose about 1.5% each.

The central bank on Friday declined

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Now that he’s out of the White House, Donald Trump has to rebuild his businesses or decide whether to sell them.

The Washington Post spoke with four investors who said they are exploring efforts to buy Trump’s properties or the loans he has taken out on them. They believe Trump has fatally wounded his brand — a view shared by some independent analysts — and they are hoping he will cut his losses by selling them luxe properties for cheap.

“The first thing you do is you take the Trump name off them — which, by the way, could be a multiple-week effort, because it’s on everything,” said one of the four, who spoke on the condition of anonymity because no

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Australia’s Treasury Wine to overhaul business, sell assets as Chinese tariffs bite

(Reuters) – Treasury Wine Estates plans a major overhaul of its business that includes the likely sale of low priority brands and other assets, aiming to gain at least A$300 million ($230 million) as it reels from the impact of steep Chinese tariffs on Australian wine.

FILE PHOTO: Bottles of Penfolds Grange, a Treasury Wine Estates brand, on sale at a wine shop in Sydney, Australia, August 4, 2014. REUTERS/David Gray

The restructuring was unveiled on Wednesday as the world’s largest listed winemaker reported a 43% slump in first-half net profit to A$120.9 million ($94

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