Business News

Trump warns health care system will "implode…

President Donald Trump warned Monday that the nation's health care system was in danger of imploding and said Congress must make fundamental changes to the sweeping health law passed by his predecessor

US stock indexes veer higher in afternoon trading…

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

Billionaire heads toward confirmation as Commerce…

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

Trump budget will hike defense spending by $54…

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

US durable goods orders jumped 1.8 percent in…

US durable goods orders up 1.8 percent in January as aircraft demand surges; investment slips

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

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Plaintiffs: 5 automakers knew Takata air bags…

Plaintiffs in dozens of lawsuits against air bag maker Takata and five automakers allege the car companies knew that Takata's products were dangerous yet continued to use them for years in order to save money

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

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

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

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

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

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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

Samsung delays its new phone, and showcases…

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

Report warns of state money fallout from health…

A report about the potential consequences of repealing the nation's health care law warns federal spending cuts probably would threaten many people with coverage loss.

AT&T-Time Warner deal may have easier path to…

AT&T's $85 billion purchase of Time Warner may have an easier time getting approved after the chief telecommunications regulator says it isn't likely to review the deal

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Maintaining and even keel