Americans shot down several key tax hikes in 2020 election

London park attack: Woman forced to fight off five men in attempted rape in Burgess Park

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Police are investigating the attempted rape of the woman after she was attacked while in Burgess Park, Southwark.

The assault occurred between 2 and 3am on June 13.

More to follow…

Shooting in west Denver on Tuesday where police find victim

Police are investigating a shooting in Denver on Tuesday which left behind one victim.

The shooting happened in west Denver’s Villa Park in the 1400 block of Xavier Street where the victim was found, police said.

Investigators are working to develop information on a suspect, police said.

 

Live Updates: Bipartisan group urges Trump administration to begin post-election transition process

What is the fallout from the 2020 election?

Matt Gaetz, Tammy Bruce, Sara Carter and Jason Chaffetz weigh in on ‘The Next Revolution.’

The Center for Presidential Transition advisory board is urging the Trump administration to move forward “to immediately begin the post-election transition process.”

Meanwhile, President-elect Joe Biden indicated on Sunday he plans to move quickly to build out his government, as Donald President Trump continues to challenge the results of the election and refuses the concede.

Biden is launching a coronavirus task force, which will be co-chaired by former surgeon general Dr. Vivek Murthy and former food and drug administration commissioner Dr. David Kessler.

A schedule for Biden and Vice President-Elect Kamala Harris was unveiled on Sunday, reports said.

Follow below for more updates on the transition process. Mobile users click here.

Stacey Abrams Has Priceless Reaction To Republican Claims They Won Georgia

Stacey Abrams, the Democratic superstar from Georgia considered the architect of President-elect Joe Biden’s surprising lead in her state, has a blunt message for Republicans who think President Donald Trump really won there. 

“We really won,” she told “Late Show” host Stephen Colbert. “There’s an orange menace of putrescence who will no longer be able to occupy the White House. That’s a big deal.” 

Abrams lost a close race for governor in Georgia in 2018 and since then has led the effort to increase voter registration and turnout, especially among people of color and people who had been unlikely voters. 

Biden currently holds a lead of at least 11,000 votes in Georgia, which hasn’t selected a Democratic presidential candidate since Bill Clinton in 1992.

The Trump campaign has filed a lawsuit in the state and has named Rep. Doug Collins (R-Ga.) to lead its recount effort there, where he also lost a race for a Senate seat. 

See more of Abrams’s conversation with Colbert below: 

Meggitt Q3 Revenues Down 25%; Reinstates FY Guidance

Meggitt Plc (MGGT.L) reported a 25% decline in third-quarter group revenues, and reinstated guidance for the full year, with positive free cash flow in the second half.

Group revenue for the third quarter was £384 million, down 25% on an organic basis. Defence revenue grew 9% organically, driven by another strong performance in OE which was up 18%. Civil aerospace revenue was 49% lower than the comparative period on an organic basis, but Energy revenue grew by 4% organically driven by a number of orders in its Heatric business.

The company completed majority of its actions to reduce cash expenditure and resize the business. Further, Meggitt said it remains on track to deliver its target of £400 million – £450 million of cash savings for the full year.

For the full year, the company expects to deliver underlying operating profit between £180 million and £200 million, to be free cash flow positive in the second half, and cash flow neutral for the full year at the top end of the operating profit guidance range.

Weekly coronavirus deaths pass 1,000 for first time in five months

The number of weekly coronavirus deaths has exceeded 1,000 for the first time since June, according to the Office for National Statistics.

New figures show there were 1,379 fatalities involving Covid-19 registered in the week ending October 30.

More to follow.

Visit our live blog for the latest updates Coronavirus news live

EARNINGS SUMMARY: Details of Peabody Energy Corp Q3 Earnings Report

Below are the earnings highlights for Peabody Energy Corp (BTU):

-Earnings: -$67.2 million in Q3 vs. -$82.8 million in the same period last year.
-EPS: -$0.69 in Q3 vs. -$0.81 in the same period last year.
-Analysts projected -$0.92 per share
-Revenue: $671.0 million in Q3 vs. $1106.4 million in the same period last year.

Americans shot down several key tax hikes in 2020 election

Voters in 3 blue states reject higher taxes

Several Democratic states voted to reject higher taxes while one Republican state voted in an income tax hike. FOX Business’ Gerri Willis with more.

Tax-related measures were on the ballot in many states this election cycle – and voters shot down some major proposals.

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Many states are grappling with deep coronavirus-related budget holes – and have considered tax increases as a way to potentially generate additional revenue.

But in Illinois, residents voted against a constitutional amendment that would have paved the way for state lawmakers to change the income tax structure from the current flat rate of 4.95%, to a graduated system – where rich residents would have experienced a rate hike.

ARIZONA VOTERS APPROVE SUBSTANTIAL TAX HIKE ON STATE’S RICHEST RESIDENTS

Voters in Colorado approved a tax reduction – supporting a measure to lower the state income tax to 4.55%, from 4.63%.

In California, voters shot down a push to amend the state constitution in a way that would allow the state government to raise property taxes on large commercial businesses (properties worth more than $3 million).

Alaska residents rejected a measure that would have hiked taxes on the state’s largest oil producers.