For Most Taxpayers, No More Income Averaging

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Lawmakers repealed income averaging many years ago for most taxpayers. But they made some exceptions: People in farming or fishing may still qualify for a form of income averaging.

Six Million May Owe Health-Insurance Penalty

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Fine is $95 per adult or 1% of family income, whichever is greater.

Auto Makers Recall 2.12 Million Cars, SUVs for Air Bag Fix

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An array of auto makers are recalling more than 2 million older-model vehicles to address air bags that can deploy inadvertently because of a component supplied by TRW Automotive.

Lafarge, Holcim Near Deal to Sell Assets to CRH

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Cement giants Lafarge SA and Holcim Ltd. are nearing a deal to sell at least $7 billion worth of assets to Ireland’s CRH PLC, according to people familiar with the matter.

Chimerix Scraps Ebola Drug Trial

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Chimerix Inc. scrapped testing of its experimental antiviral in Ebola patients in Liberia, saying the number of infections had dropped in recent weeks, and that only a handful of patients had been enrolled in the Liberian study.

Dish Is Surprise Winner in Auction

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AT&T topped all bidders in the government’s record setting auction of wireless licenses, but it is Dish Network that may have pulled off the biggest coup, collecting more licenses than any other rival.

Chevron Earnings Hit New Low

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Chevron posted its lowest quarterly profit in five years and said it would trim its ambitious spending plans and halt share buybacks as the collapse in oil prices erased billions of dollars in cash flow.

Panasonic Stops Making Televisions in China

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Panasonic Corp. has stopped making televisions in China, faced with severe price competition and slowing market growth, a person at the company said Saturday.

IPO Sizzles as Shake Shack Tests Big Chains

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Shares of fast-casual chain Shake Shack, rocketed up 119% on their first day of trading from their initial public offering price of $21 each, ending at $45.90 and giving the operator of 63 restaurants a valuation topping $1.6 billion.

Oh, the Silly Things That Financial Pros Say

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Morgan Housel’s guide to seven seemingly informative phrases that don’t tell investors much at all.

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