Oman holds first municipal elections

MUSCAT, Oman (AP) — Oman says more than 1,400 candidates are competing in the Gulf nation's first municipal elections, a concession following Arab Spring-linked unrest. Oman has seen sporadic protests demanding more job opportunities and a greater public voice in the tightly run sultanate. The official Omani News Agency says the candidates, including 46 women,...

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Egyptians vote on disputed constitution

CAIRO (AP) — Egyptians voted on Saturday in the second and final phase of a referendum on an Islamist-backed constitution that has polarized the nation, with little indication that the result of the vote will end the political crisis in which the country is mired.For some supporters, a 'yes' vote was a chance to restore some normalcy after nearly two years of tumultuous transitional politics following...

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Correction: Bahrain-Security Summit story

MANAMA, Bahrain (AP) — In a story Dec. 8 about a security summit in Bahrain, The Associated Press reported erroneously that Saudi Arabia's Deputy Foreign Minister Prince Abdulaziz bin Abdullah said in a speech that Gulf states should quash any Arab Spring-inspired unrest. Prince Abdulaziz said, "Tampering with the stability and security of any Gulf Arab state is considered as tampering with the security...

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Yemen court sentences 3 militants to up to 6 years

SANAA, Yemen (AP) — Yemen's state security court has sentenced three al-Qaida militants to up to six years in prison for planning attacks on security forces, foreign diplomatic missions and state institutions.The court on Saturday gave the three militants between two and six years each. They have the right to appeal.The judge also accused the three of running a training camp for al-Qaida in the southern...

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Toll Brothers 4Q net income soars on tax benefit

NEW YORK (AP) — Toll Brothers says its fiscal fourth-quarter net income soared, helped by a large income tax benefit and a 48 percent rise in revenue. The luxury homebuilder delivered more homes and its order backlog increased.CEO Douglas C. Yearley Jr. said in a statement on Tuesday that higher home prices, low interest rates, pent-up demand and improving consumer confidence prompted buyers to return...

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IRS finalizes new tax for medical devices in healthcare law

WASHINGTON (Reuters) - The U.S. Internal Revenue Service on Wednesday released final rules for a new tax on medical devices, products ranging from surgical sutures to knee replacement implants, that starts next year as part of President Barack Obama's 2010 healthcare law.The 2.3-percent tax must be paid, effective after December 31, by device-makers on their gross sales. The tax is expected to raise...

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H&R Block 2Q loss narrows as revenue rises

KANSAS CITY, Mo. (AP) — H&R Block's fiscal second-quarter loss narrowed, helped by cost-cutting efforts. Revenue climbed mostly because of a strong tax season in Australia.The nation's largest tax preparation company typically turns in a loss in the August-to-October period because it takes in most of its revenue during the U.S. tax season. H&R Block's quarterly performance beat analysts'...

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Tax filing delay looms if no fix for minimum tax: IRS

WASHINGTON (Reuters) - The top U.S. tax collector warned on Thursday of a delayed start to 2013's tax season if Congress fails to reset the alternative minimum tax (AMT) on high-income taxpayers so that it does not sweep in millions of middle-income people.Without another adjustment by lawmakers soon to the AMT, "many of us will see a delayed filing season," said Steven Miller, named just last month...

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Oregon governor says Nike plans to hire thousands

SALEM, Ore. (AP) — Sporting goods giant Nike plans to expand its operations in Oregon and hire as many as 12,000 new workers by 2020 but wants the government to promise it won't change the state tax code, prompting a special session of the Legislature.Gov. John Kitzhaber said he'll call lawmakers together Friday in Salem to create a new law authorizing him to grant Nike's wish.The governor did not...

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Constitution Check: Is the Supreme Court partly to blame for Newtown?

Lyle Denniston looks at how the Supreme Court’s interpretation of the Second Amendment leaves legislators entirely free to write new regulations against gun possession in sensitive public places.The statements at issue:“The gun lobby, timid politicians and the Supreme Court continue to aid and abet rampant gun violence that is nothing less than domestic terrorism, carried out with weapons of mass...

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