Business News
Bonus gets Young Leaders AwardPHILADELPHIA — Butler certified public accountant Kenny Bonus recently was given a Young Leaders Award for 2016-17 by the Pennsylvania Institute of Certified Public Accountants (PICPA).Bonus founded and is a principal with Bonus Accounting. He is a member of the Emerging CPA’s Committee and the Marcellus Shale Committee of PICPAThe PICPA’s Young Leaders Award honors members under 40 who are committed to being CPAs through active PICPA or community leadership.In a press release, the PICPA stated Bonus received this award for “demonstrated leadership skills that will propel his success in a profession committed to protecting the public interest.”
Interest rates could go up by year’s endWASHINGTON — Federal Reserve Chair Janet Yellen said Wednesday that the central bank has no “fixed timetable” for raising interest rates, but she believes the economy is ready for a rate hike by the end of the year.She said during an appearance before the House Financial Services Committee that when the Fed met last week, a majority of her colleagues believed it would be appropriate to raise rates before the end of this year.
Senators ask for Mylan investigationWASHINGTON — Senators are asking the Justice Department to investigate whether pharmaceutical company Mylan acted illegally when it classified its life-saving EpiPen as a generic drug and qualified for lower rebate payments to states.Several senators, including chairman of the Senate Judiciary Committee, Sen. Charles Grassley, R-Iowa, sent a letter to Attorney General Loretta Lynch on Wednesday and suggested the company may have gamed the system to divert millions of dollars from taxpayers.From staff and wire reports
