Business News: Recent sales tax growth in Tyler

(Tyler Paper)-  The city of Tyler has seen recent sales tax growth.  According to the Texas Comptroller's Office, Tyler saw a 1.7 percent jump from 3.47 million dollars to 3.53 million dollars in its sales tax allocation this month.  That is compared to august 2013.  This month's allocation represents activity that took place in June.  Year to date, Tyler has seen a 9.2 percent increase compared to the same time period last year.

(CNN)- Bank of America has tentatively agreed to pay more than 16.5 billion dollars to resolve allegations of mortgage fraud leading up to the financial crisis.  If it goes through, it would be the largest mortgage securities fraud settlement ever.  The tentative deal includes nine billion dollars in penalties to be paid to the justice department, states and other government entities.  The rest would go to pay for relief to homeowners.  A final agreement between bank of america and the justice department is still being negotiated.

(CBS)- General motors is cleaning up its vehicle line.  Automotive news reports the car maker will introduce clean diesel powered fuel to new passenger models of its Chevrolet Cruze in the U.S.  Executives are optimistic the market for diesel fueled vehicles could grow as much as ten percent by 2020.

(CNN)- According to a report from the tech news site Re/code, Apple is set to unveil its iPhone 6 at an event on September 9.  The iPhone 6 is expected to be faster and sport a much larger screen.  Apple will likely provide more details on the forthcoming version of its mobile operating system, iOS 8.  It is also widely expected to unveil a new smartwatch at the event.  An Apple spokeswoman declined to comment.


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