Business News

Pressure on GOP to revamp health law grows, along…

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

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 that is blamed for at least 16 deaths worldwide _ including 11 in the U.S.

Report: Uber exec out after failing to disclose allegation

Uber's head of engineering, Amit Singhal, is out after just five weeks on the job

New Mexico tribe puts up land for $160M medicinal…

On a patch of tribal land in western New Mexico, a Delaware-based company plans to build a $160 million state-of-the-art greenhouse for researching and growing medicinal plants, including marijuana

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

Drugmakers pledge restraint, but prices will…

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

New highs for US stocks; Dow win streak longest…

Wall Street notched another set of milestones as the Dow Jones industrial average closed at a record high for the 12th consecutive time, the longest winning streak for the 30-company average in 30 years

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

Billionaire heads toward confirmation as Commerce…

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

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

Buffett's bite of Apple even bigger than thought

Warren Buffett says he's investing heavily in Apple, believing that once consumers begin using the company's products they aren't likely to stop

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

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

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

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