President Donald Trump’s promised “big announcement” next week on overhauling the U.S. tax code, a top campaign pledge, will consist of “broad principles and priorities,” an administration official said on Saturday.
U.S. Treasury Secretary Steven Mnuchin said on Saturday that the Trump administration’s tax reform plan would produce some “short term issues” when viewed under traditional “static” budget analysis rules.
International Monetary Fund members on Saturday dropped a pledge to fight protectionism amid a split over trade policy and turned their attention to another looming threat to global economic integration: the first round of France’s presidential election.
German Finance Minister Wolfgang Schaeuble is not worried by the prospect of cuts to corporate tax rates in the United States he told German magazine Wirtschaftswoche on the sidelines of the IMF and World Bank spring meetings in Washington.
LafargeHolcim (LHN.S) is close to announcing that its chief executive Eric Olsen is to step down following an internal investigation into activities at a former Lafarge cement plant in Syria, the Financial Times reported on Sunday, citing sources close to the company.
Even in bankruptcy filings, the landlord for Bishop Gorman High School continues to blame inability to pay construction costs for the private Catholic school’s new campus on the family that has been a longtime donor and who built the campus.
Forget about French elections or the flagging Trump trade.
United Continental Holdings Inc (UAL.N) said on Friday Chief Executive Oscar Munoz will not become chairman in 2018, under an amendment to his employment agreement approved after an uproar over the treatment of a passenger.
Officials of two large California public retirement systems said Friday they are voting against nine of 15 Wells Fargo & Co directors up for election at the bank’s annual meeting next week, citing the bank’s phony-account scandal.
Global economic leaders on Friday continued downplaying possible friction with the Trump administration over currencies, trade and other potentially contentious issues, even while acknowledging that much about the U.S. president’s plans remains unclear.
The Dow Jones Industrial Average .DJI rose 14.07 points, or 0.07 percent, to 20,592.78, the S&P 500 .SPX lost 3.03 points, or 0.13 percent, to 2,352.81 and the Nasdaq Composite .IXIC dropped 3.52 points, or 0.06 percent, to 5,913.26.
A federal judge in Detroit on Friday sentenced Volkswagen AG (VOWG_p.DE) to three years’ probation and independent oversight for the German automaker’s diesel emissions scandal as part of a $4.3 billion settlement announced in January.
British Telecom (BT.L) has filed a criminal complaint with Italian prosecutors over an accounting scandal at its Italian unit and has handed them computer records and also dispatched its head of compliance to Milan to give evidence.
Target Corp, Wal-Mart Stores Inc, and other retailers are shelving considerations to move supply bases closer to the United States in the face of a possible border tax, banking instead on killing support for the tax idea in Congress.
Wells Fargo & Co (WFC.N) said it would expand its class action settlement related to the lender’s retail sales practices to include customer accounts as early as May 2002.
General Electric Co reported on Friday that first-quarter cash flow from its industrial operations turned negative and was less than the company expected, though its earnings and revenue exceeded analyst estimates.
Diversified U.S. manufacturer Honeywell International Inc (HON.N) reported quarterly profit ahead of analysts’ estimates on Friday, as sales in its aerospace and energy businesses were higher than the company’s forecast.
President Donald Trump on Thursday launched a trade probe against China and other exporters of cheap steel into the U.S. market, raising the possibility of new tariffs and sending shares of some U.S. steel makers up over 8 percent.
A high-stakes shareholder vote at Wells Fargo & Co (WFC.N) next week will determine whether the bank has done enough to retain investor confidence after its phony-account scandal, and whether a leading proxy adviser wields enough clout to help oust most of its board.
Tesla Inc (TSLA.O) founder and Chief Executive Elon Musk said his latest company Neuralink Corp is working to link the human brain with a machine interface by creating micron-sized devices.
A group of 11 Republican state attorneys general are protesting an investigation into whether Exxon Mobil Corp. (XOM.N) violated consumer protection laws when selling fossil fuel products, according to a court filing.
U.S. President Donald Trump’s tax reform plan will rely largely on future revenue gains from faster economic growth to justify major tax cuts, top Trump advisers said on Thursday.
Uber Technologies Inc said it has extended its internal investigation into sexual harassment claims in its own organization, and a report is expected by the end of May.
Indonesia and the United States agreed on Friday to find ways to reduce barriers to U.S. companies operating in Southeast Asia’s largest economy, visiting U.S. Vice President Mike Pence and Jakarta’s investment chief sai
U.S. President Donald Trump will order the Treasury on Friday to find and reduce tax burdens and review post-financial crisis reforms that banks and insurance companies have said hinder their ability to do business.
Before last year’s Brexit vote, Scott McCready was struggling to fill his holiday cabins on the coast of southwest England. Now the site is fully booked with British tourists avoiding more expensive foreign trips following a plunge in the pound.
Kitchen Table chef and owner Javier Chavez has hit some minor delays in opening the new Kitchen Table Squared in the west side’s Gramercy complex, but things are still moving forward. The space is now on track to open its doors in late July.
Union Pacific will be working on the railroad this year.
The Dow Jones Industrial Average .DJI rose 174.22 points, or 0.85 percent, to 20,578.71, the S&P 500 .SPX gained 17.67 points, or 0.76 percent, to 2,355.84 and the Nasdaq Composite .IXIC added 53.74 points, or 0.92 percent, to 5,916.78.
Nevada’s unemployment rate fell to a seasonally adjusted 4.8 percent in March, down from 4.9 percent in the previous month, state officials said this week in a statement.
U.S. sandwich chain Subway Restaurants said on Thursday it shut 359 restaurants in the United States last year, amid stiff competition in a highly fragmented fast-food industry.
Tesla Inc (TSLA.O) said on Thursday it would recall 53,000 of its Model S and Model X cars globally to fix a parking brake issue.
New applications for U.S. jobless benefits rose slightly more than expected last week, but a drop in the number of Americans on unemployment rolls to a 17-year low suggested the labor market continues to tighten.
A well-known Las Vegas traffic-ticket handling business’s owner faces battery charges after using his vehicle to strike an 88-year-old police volunteer who was issuing him a parking citation, a police arrest report said.
Verizon Communications Inc (VZ.N) on Thursday reported its first-ever quarterly loss of subscribers, even as it offered an unlimited data plan, raising fresh questions from analysts that the No. 1 U.S. wireless carrier may need to diversify its business with a larger deal.
The Facebook anguish continues. A Medium post investigating declining Facebook reach has set off the most recent alarm bells among publishers.
Wells Fargo & Co’s (WFC.N) largest investor, Warren Buffett, has likely already voted his shares to support the bank’s recommendations at its contentious annual shareholder meeting next week, a representative told Reuters on Wednesday, which include reinstating most of the board’s directors.
Leading Gulf oil producers Saudi Arabia and Kuwait gave the clearest signal yet that OPEC plans to extend into the second half of the year a deal with non-OPEC producers to curb oil supplies.
World finance leaders are gathering on U.S. President Donald Trump’s home turf on Thursday to try to nudge his still-evolving policies away from protectionism and show broad support for open trade and global integration.
ConocoPhillips (COP.N) has beaten its 2017 asset sales target less than four months into the year, after shedding $30.8 billion worth of energy assets in six years.
German sports apparel brand adidas AG (ADSGn.DE) expects its huge operating margin in China to shrink slightly in the long term, while its small U.S. margin grows markedly in the near term, its new chief executive officer said on Thursday.
Activist hedge fund Elliott Management released the private letter written by Arconic Inc’s (ARNC.N) former chief executive, Klaus Kleinfeld, which consequently led to his resignation, and their response to the letter and Arconic’s statement on April 17.
The head of the U.S. House of Representatives’ banking panel has unveiled the Republicans’ most ambitious plan so far to loosen financial regulations, a 600-page bill to replace the Dodd-Frank financial reform law.
Pernod Ricard’s (PERP.PA) third quarter sales beat forecasts on Thursday, lifting its shares, but the French spirits group cautioned that a ban on alcohol sales near Indian highways would slow growth in its second-largest market.
Exxon Mobil Corp (XOM.N) on Wednesday declined to comment on a media report that it is seeking permission from the U.S. government to drill in several areas of the Black Sea banned by U.S. sanctions on Russia.
E-commerce company eBay Inc (EBAY.O) on Wednesday forecast current-quarter profit largely below expectations, sending its shares down as much as 4.5 percent in extended trading.
The Dow Jones Industrial Average .DJI fell 119.13 points, or 0.58 percent, to 20,404.15, the S&P 500 .SPX lost 4.03 points, or 0.17 percent, to 2,338.16 and the Nasdaq Composite .IXIC added 13.56 points, or 0.23 percent, to 5,863.03.
American Express Co (AXP.N) on Wednesday posted a better-than-expected first-quarter profit, helped in part by higher spending by card members, and the company’s shares rose 2.3 percent in trading after the bell.
The U.S. economy expanded at a modest-to-moderate pace between mid-February and the end of March, but inflation pressures remained in check despite more difficulties in attracting and retaining workers, the Federal
OPEC plans to meet with non-OPEC oil producers on the same day as its scheduled May 25 conference, sources familiar with the arrangements said, as they decide whether to extend supply cuts into the second half of the year.
Ride-hailing company Lyft on Wednesday will open a new “hub” in Las Vegas, where drivers can sign up for work, get a background check and conduct vehicle inspections, company officials said.
Bishop Gorman High School’s landlord has filed for bankruptcy.