Business News

Billionaire heads toward confirmation as Commerce…

Billionaire investor Wilbur Ross is headed toward confirmation as Commerce secretary in President Donald Trump's Cabinet

Big surge for military in Trump budget, big cuts…

President Donald Trump is proposing a huge $54 billion surge in U.S. military spending for new aircraft, ships and fighters in his first federal budget while slashing big chunks from domestic programs and foreign aid

US judge dismisses suit linked to Mexico bribery allegations

A judge has dismissed a lawsuit that accused Wal-Mart's Mexico operations of misleading shareholders during an alleged bribery scheme

White House: Trump budget will hike defense…

The White House says President Donald Trump's upcoming budget will propose a whopping $54 billion increase in defense spending and impose corresponding cuts to domestic programs and foreign aid

Takata pleads guilty in air bag scandal, agrees…

Japanese auto parts maker Takata Corp. has pleaded guilty to fraud and agreed to pay a $1 billion penalty for concealing a deadly defect in millions of its air bags

Pressure on GOP to revamp health law grows, along…

President Donald Trump says that that "Nobody knew that health care could be so complicated."

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US stock indexes veer higher in afternoon trading…

The major U.S. stock indexes are drifting slightly higher in late-afternoon trading after spending much of the morning wavering between small gains and losses

Oscars mistake puts consulting firm's reputation…

For 82 years, global accounting and consulting firm PwC has enjoyed the reputational boon it got from leading the balloting process at the Academy Awards

Drugmakers pledge restraint, but prices will still soar

Several big drugmakers are trying to quell the ongoing furor over high drug prices by revealing more information about their pricing and even pledging to keep a lid on increases

United, after years of declining revenue, hits…

United Airlines seeks to narrow gap on competitors like Delta by beefing up routes from hub airports

The Latest: Buffett says $143B Unilever talks…

Warren Buffett says the proposed $143 billion offer to acquire Unilever that his company was part of was abandoned quickly once it became clear the European company wasn't interested in a friendly deal

Report: Interior Dept law enforcement chief…

The Interior Department's inspector general says the agency's law enforcement director "demonstrated a pattern of unprofessional behavior" by touching and hugging female employees and making flirtatious remarks

Global markets cautious ahead of Trump speech

World stock markets were subdued Monday as investors looked ahead to U.S. President Donald Trump's speech to Congress this week for details of promised tax cuts and infrastructure spending

China arrests 800 in crackdown on underground…

China's police ministry says more than 800 people have been arrested in a crackdown on informal banks as authorities try to curb outflows of money from the country

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GOP tax plans could eliminate popular tax breaks

Republican efforts to lower taxes and get rid of loopholes to make up the lost revenues could eliminate some very popular tax breaks

Ground broken on new $1.6B terminal at Los Angeles airport

Construction has begun on a new $1.6 billion terminal at Los Angeles International Airport

Gorsuch often sided with employers in workers…

Gorsuch's worker's rights opinions are often sympathetic to the employees, but coldly pragmatic, and they're usually in the employer's favor

1st senior Chinese official visits Washington in…

China is sending its first senior official to visit the U.S. since President Donald Trump took office

Telecom giant MTN lists 2016 losses from Nigeria fine, forex

African telecommunications giant MTN is warning shareholders to expect big losses due to a $1 billion regulatory fine in Nigeria, damaging foreign exchange rates and a black economic empowerment share offering in South Africa

Asia economies hold trade pact talks after Trump…

Negotiators from 16 Asian countries are meeting in the Japanese port city of Kobe this week for talks on a regional trade pact that could supplant the Trans-Pacific Partnership rejected by U.S. President Donald Trump

Boscov's chairman remembered as energetic…

Late department store chairman Albert Boscov is being remembered at a memorial service in Reading (REH'-ding), Pennsylvania, as an energetic businessman, a caring person and a tireless cheerleader for the city that he loved

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Jordan Peele's 'Get Out' scares up big $30.5…

Comedian Jordan Peele's directorial debut "Get Out" has made a splash atop the box office in its opening weekend

Samsung delays its new phone, and showcases…

Samsung's product showcase is notable for what's missing: a new flagship phone