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Rakuten faces $210 mln charge on credit business (Reuters via Yahoo! News)
Online shopping mall operator Rakuten Inc said on Thursday it would face an additional cost of 23.8 billion yen ($210.1 million) for its credit card business to comply with tighter lending rules.
Viewing tax filings in buying a business (Los Angeles Times)
Dear Karen: I’m interested in buying a portrait studio in Texas. I went there, talked with the broker and the owner and looked over the facilities. I liked what I saw, but when I asked to see tax returns for the business the broker told me I could get access to them only after we agreed on a purchase price. Is this right?
Business Briefing (Sun-Sentinel)
Gov. Charlie Crist and the state Cabinet gave early approval this week to lift a rule requiring foreign reinsurers to put up 100 percent collateral if they want to do business in the state. A final decision is expected early next year, after a public hearing.