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 […]
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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 […]
Wells Fargo board gets black eye in shareholder vote Wells Fargo & Co (WFC.N) shareholders showed displeasure with the scandal-hit bank's board on Tuesday, offering scant support for a dozen directors, including Chairman Stephen Sanger, in a vote capping a contentious annual meeting. Only three directors received more than 90 […]
Toshiba plans to replace auditor PwC after earnings impasse Toshiba Corp, the troubled Japanese conglomerate, wants to replace auditor PricewaterhouseCoopers Aarata (PwC) to resolve an impasse over full-year earnings and remain listed, two sources briefed on the matter said. PricewaterhouseCoopers was hired in June last year as part of major […]
Asian stocks hover near two-year highs on U.S. optimism, euro steady Asian stocks extended gains for a fifth consecutive day on Wednesday, as renewed optimism about the world's biggest economy brightened the outlook for risk assets while the euro held on to previous gains as political concerns in France ebbed. […]
Tyson Foods eyes higher wages as U.S. labor market tightens Tyson Foods Inc (TSN.N), the biggest U.S. chicken company, said on Wednesday it may raise wages again for workers at all of its poultry plants, a sign of an intensifying battle for employees in a tightening labor market. The increases […]
U.S. judge blocks Trump order to restrict funding for sanctuary cities A U.S. judge on Tuesday blocked President Donald Trump's executive order that sought to withhold federal funds from so-called sanctuary cities, dealing another legal blow to the administration's efforts to toughen immigration enforcement. The ruling from U.S. District Judge […]
