Holiday adds three extra days to tax deadline
Published 12:01 am Wednesday, January 5, 2011
Taxpayers will get an extra three days to file their federal tax returns this year, and they can thank the nation’s capital for the extra time. The filing deadline is delayed because the District of Columbia will observe Emancipation Day on Friday, April 15. The Internal Revenue Service says local holidays in the nation’s capital affect tax deadlines the same way federal holidays would. Taxpayers will have until midnight Monday, April 18, to file their 2010 returns.
Consumer demand boosts factory orders
Businesses ordered more factory goods in November, responding to stronger consumer demand for household appliances, computers, and furniture. The Commerce Department says that total orders increased 0.7 percent in November. That follows a 0.7 percent drop in October.
Netflix controllers to be available soon
Netflix fans will soon be able to use a remote controller to flick through their flicks available for streaming over the Internet on devices such as TV sets, Blu-ray players and others. Netflix Inc. said Tuesday that consumer electronics companies will begin selling remotes with Netflix buttons. These will bring up the Netflix screen on users’ TV sets, providing easier access to TV shows and movies.
Bellevue condos returned to lenders
One of the biggest condo projects in the Puget Sound region has transferred its unsold homes to its lenders after fewer than a quarter of its 539 units sold in nearly two years. Portland, Ore.-based Gerding Edlen has turned over the Bellevue Towers development to an entity led by investment bank Morgan Stanley. The project’s 43-floor and 42-story towers were built in large part with $275 million borrowed from a consortium led by Morgan Stanley.
Automakers pay fines for poor fuel efficiency
The government says car companies paid $9.1 million in fines last year for failing to comply with federal fuel efficiency requirements. Six companies had to pay fines to the National Highway Traffic Safety Administration. Jaguar-Land Rover paid the largest fine of $3.2 million. Mercedes-Benz paid $2.9 million; Porsche, $1.5 million; and Maserati, nearly $1 million. Ferrari was fined almost $500,000 and Fiat paid about $11,000.
Leasing company orders 38 737s
CIT Group has ordered 38 Boeing Co. 737s, the companies said Tuesday. The leasing company also has purchase rights for another seven aircraft. Deliveries for the Renton-built 737s are scheduled through 2017. The order includes 15 737-900 Extended Range jets and 23 737-800 aircraft. This is the largest order that CIT has placed for Boeing aircraft, according to a Boeing press statement. CIT owns or finances a fleet of more than 300 aircraft.
From Herald news service
