Cash-rich companies that had been some of the biggest buyers of corporate bonds have started selling their holdings after tax law changes, according to Bank of America Corp. strategists.
 
 
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May 17, 2018
 
 
 
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Cash hoarders say bye-bye to bonds after tax changes, BofA says
 
Cash hoarders say bye-bye to bonds after tax changes, BofA says
by MOLLY SMITH
 
Cash-rich companies that had been some of the biggest buyers of corporate bonds have started selling their holdings after tax law changes, according to Bank of America Corp. strategists. READ MORE »
 
 
Low-income Americans see little benefit from tax law
 
Low-income Americans see little benefit from tax law
by MICHAEL COHN
 
A new survey by a website catering to pawnshop customers finds they're not getting much benefit from tax reform. READ MORE »
 
 
 
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Canopy receives $42M in funding
 
Canopy receives $42M in funding
by MICHAEL COHN
 
The company plans to use the money for product updates for its cloud-based practice management system. READ MORE »
 
 
 
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In the blogs: Place your bets
by JEFF STIMPSON
 
NYS and SALT; no spike in buybacks; RMDs and beneficiaries; and other highlights from our favorite tax bloggers. READ MORE »
 
 
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Carillion deceived on debt, lawmakers say in damning report blaming Big Four auditors
 
Carillion deceived on debt, lawmakers say in damning report blaming Big Four auditors
by TOM BEARDSWORTH AND