Companies cheer Trump tax cuts, but jobs are less certain to follow U.S. businesses would reap a windfall if President Donald Trump's plan to cut corporate tax rates and slash taxes on cash parked overseas becomes law, but it was unclear whether they would stimulate a surge in investment and […]
Judge says Exxon owes $19.95 million for Texas refinery pollution A federal judge ruled on Wednesday that ExxonMobil Corp should pay a $19.95 million penalty for pollution from its Baytown, Texas, refining and chemical plant complex between 2005 and 2013. U.S. District Court Judge David Hittner issued the ruling in […]
Trump tax cut caution, ECB meeting cools risk rally A record-setting rally in world stocks ran out of steam on Thursday, with unconvincing U.S. tax cut plans cooling investors' spirits and caution setting in as the European Central Bank met. Europe's main bourses were as much as 0.7 percent lower […]
Investors eye Elliott's Plan B as BHP shake-up push falters Two weeks after Elliott Management's surprise assault on BHP Billiton, the fund manager's three-point demand for change is gaining little traction with investors, prompting expectations a second strike is imminent. While Elliott is struggling to push through a $46 billion […]
Shares in Japan's Takata suspended after report on bankruptcy plan Trading in Takata Corp shares was suspended on Thursday after a report that the Japanese airbag maker at the heart of the car industry's biggest-ever recall is considering a bankruptcy plan that will create a new company and ringfence its […]
U.S. lawmakers say Trump administration still lacks clear North Korea plan U.S. lawmakers said high-profile briefings by the Trump administration on North Korea on Wednesday failed to provide the firm strategy they had hoped for dealing with what they described as a major national security threat. As a standoff escalated […]
Conservatives back latest U.S. healthcare bill, obstacles remain The conservative House Freedom Caucus came out in support of a reworked U.S. healthcare overhaul bill even though it would not fully repeal Democratic former President Barack Obama's signature healthcare law, the group said in a statement on Wednesday. The group last […]
Republicans take next step in U.S. deregulation with Senate bill Republican lawmakers launched the next round in their fight against federal regulation on Wednesday, helped by at least one Democrat, as the U.S. Senate began work on legislation to change nearly every step agencies take in creating and applying new […]
U.S. Congress may seek one-week funding extension to avert shutdown The U.S. Congress inched toward a deal to fund the government through September but was preparing to possibly extend a midnight Friday deadline in order to wrap up negotiations and avoid an imminent government shutdown. The one-week extension would give […]
U.S. says strategy on North Korea centers on sanctions, open to talks The Trump administration said on Wednesday it aimed to push North Korea into dismantling its nuclear and missile programs through tougher international sanctions and diplomatic pressure, and remained open to negotiations to bring that about. The U.S. stance, […]
