US Open Champion Gary Woodland says there’s a good reason to live in Florida

Gary Woodland on the tax implications of his U.S. Open win in California

U.S. Open champion Gary Woodland on his big win, the tax implications of winning in Pebble Beach, California and what’s next for his career.

Professional golfer Gary Woodland, fresh off his U.S. Open win in Pebble Beach, California said there’s a good reason why he lives in Florida.

Continue Reading Below

“Taxes are nice in Florida,” he told FOX Business’ Stuart Varney on Tuesday.

“I’m always thinking and so even if I’m not on the golf course I’m mentally thinking. I’m trying to get better on and off the golf course at all times so I think it’s a work in progress all day long.”

Following the win, Woodland banked $2.25 million out of the $12.5 million awarded during the 119 United States Open. However, because of California taxes, Woodland will forced to shell out at least half his winnings. But still, he said its “nice to win.”

CLICK HERE TO GET THE FOX BUSINESS APP

Advertisement

“I’ll take it anyway,” he said.

The runner-up, Brooks Koepka took home $1.35 million.

NFL Hall Of Famer Terrell Owens Signs With ICM

EXCLUSIVE: Former NFL wide receiver Terrell Owens has inked with ICM Partners across the board.

Owens played in the NFL for 15 seasons and was a six-time Pro Bowl selection and five-time first-team All-Pro.

After playing college football and basketball at the University of Tennessee at Chattanooga, he was selected in the third round of the 1996 NFL Draft by the San Francisco 49ers. He stayed with the team for seven seasons until he was traded to the Philadelphia Eagles in 2004. Two years later, he signed with the Dallas Cowboys and stayed with them for three seasons. He also played with the Buffalo Bills and Cincinnati Bengals.

Owens is the only player in NFL history to score a touchdown against all 32 NFL teams, and ranks third all-time in receiving touchdowns and receiving yards.

Owens retired in 2012 and was inducted into the Hall of Fame in 2018.

Multinationals Seeking Top Expat Talent Battle Anti-LGBT Laws

LISTEN TO ARTICLE

SHARE THIS ARTICLE

For Alexander Dmitrenko, 42, it was a purchase to cement the ties to his adopted home. He’s spent most of his career crossing borders: An ethnic Ukrainian born in Russia, Dmitrenko has graduate degrees from universities in Budapest, New York, and Toronto, and he’s an attorney for Freshfields Bruckhaus Deringer, a law firm with headquarters in London. For the past four years, he’s specialized in corruption investigations from the firm’s Tokyo office. “I love Japan with all my heart,” he says, which is one reason he bought a vacation home on a remote island about an hour by plane from Tokyo.

Yet there was a problem. To purchase home insurance, he needed a next of kin living in Japan. Dmitrenko is gay and has a partner, but as far as the insurer is concerned, he has no local relative, because the government doesn’t recognize same-sex unions. “So I have no insurance,” he says. In a country that is earthquake-prone, that’s bad enough, but Dmitrenko says it’s just one instance of the daily doses of discrimination he and his partner face. “There are whole areas of rights where we are invisible in the law,” he says. “It hurts.”

Boeing announces preliminary deal to sell 737 Max planes for first time since Ethiopian Airlines crash

Boeing announces preliminary deal to sell 737 Max planes for first time since Ethiopian Airlines crash.

Continue Reading Below

Kellogg cutting 150 jobs as part of Keebler sale

Kellogg Co. is cutting 150 salaried jobs across North America as part of the previously announced sale of its cookie and fruit snack businesses.

The Battle Creek-based company said Tuesday the action will result in pretax charges of approximately $35 million, including $20 million in severance and termination benefits.

Kellogg announced in April that it was selling its Keebler and Famous Amos cookie brands — as well as its fruit snack, pie crust and ice cream cone businesses — to Italy’s Ferraro International for $1.3 billion.

That sale is expected to close at the end of July. Kellogg said its job cuts and staff reorganization will be complete by the end of 2020.

Kellogg’s shares fell 1.5% to $55.69 in late morning trading.

Best Buy launches line of connected fitness products

Best Buy Co Inc. BBY, +2.84% announced Tuesday that it has launched a line of connected fitness products, including bikes and rowing machines. The collection comes via collaboration with companies like Flywheel Sports, Hydrow, and NordicTrack. Items are available online now and will be on sale in a dedicated space for fitness items that will be in 100 stores by the end of the year. Best Buy stock is up 3.4% in Tuesday trading and has rallied more than 30% for the year to date. The S&P 500 index SPX, +1.06% is up 16.5% for the period.

Merkel says recovered from shaking bout after drinking water

BERLIN (Reuters) – German Chancellor Angela Merkel, who was seen shaking when she met visiting Ukrainian President Volodymyr Zelenskiy earlier on Tuesday, said she had since drunk water and was feeling better.

Merkel looked as if she were struggling to stand up while she and Zelenskiy listened to national anthems during military honors upon his arrival.

“Since then I have drunk at least three glasses of water – I obviously needed that and so I’m doing very well now,” Merkel said during a joint news conference with Zelenskiy in Berlin.