Congress on Friday approved legislation to extend funding for the federal government by one week, avoiding a partial government shutdown on Saturday.
Archive for the ‘BUSINESS’ Category
A group from a House committee is concerned the IRS has failed to protect taxpayers’ online data following a security breach that has affected financial aid applications.
The U.S. economy’s output grew at the slowest pace in three years during the first quarter, underscoring the challenges facing the Trump administration as it seeks to rev up growth.
Consumer sentiment about the U.S. economy remained high in April, even as the Commerce Department said U.S. economic output increased at the slowest pace in three years.
In wake of the fallout from the passenger incident on United Airlines, Southwest Airlines is planning to stop overbooking flights by the end of June. But don’t expect other airlines to follow suit or for the practice to go away.
Sony said operating profit for this fiscal year will likely be one of the strongest in the company’s 71-year history, buoyed by its game, semiconductor and financial units.
General Motors Co. reports first-quarter earnings before the market opens Friday; U.S. production outlook, South America sales and commodity costs will be in focus.
Activist investor Third Point LLC disclosed it has taken a stake in Honeywell International Inc. and called on the conglomerate’s newly appointed chief executive to spin off its aerospace business.
The Senate confirmed Alexander Acosta as labor secretary, providing President Donald Trump with his full complement of cabinet secretaries before reaching his 100th day in office.
Starbucks Corp. missed sales expectations in its home market and globally, with sales up 3% overall and in the U.S. in its second quarter.
United Airlines reached an agreement with David Dao, a Kentucky doctor who was forcibly pulled off a flight in Chicago earlier this month.
Intel Corp. posted an increase in first-quarter net profit as revenue was helped by an uptick in PC demand, though profit in its data center operations declined.
American’s operating expenses jumped 11% in its March quarter, largely on rising fuel costs. Similarly, expenses at Southwest Airlines climbed 8.8% as sales rose 1.2%.
Moderna Therapeutics, the most highly valued startup in health care, said early results from a small trial to treat the avian flu virus with its experimental vaccine showed promise.
Mutual-fund manager Neuberger Berman is calling on Whole Foods Market to explore a sale, a few weeks after activist investor Jana Partners disclosed a nearly 9% stake in the grocery chain and called for a similar review.
The White House blueprint would kill an expensive break relating to state and local taxes, prompting a bipartisan backlash from lawmakers in New York and other high-tax states.
If the U.S. Senate votes, as expected, to confirm Alexander Acosta as secretary of labor this week, all 15 cabinet secretaries would be in place before President Trump’s 100th day in office.
GoPro is scheduled to reported first-quarter results after the market closes Thursday; Camera sales and indications of drone demand will be in focus.
Amazon.com Inc. is scheduled to announce its first-quarter earnings after the market closes on Thursday.
Under Armour posted its first ever quarterly loss as a public company, as its top line suffered from sluggish performance in key North American business.
Yahoo Japan shares fell 10% Thursday after it warned of a big increase in marketing costs as it struggles to compete with Amazon.com.
Ford’s first-quarter net income fell 35%, dented by safety-recall expenses, higher engineering and commodity costs, and weaker sales in the U.S.
Samsung Electronics surprised investors and South Korean lawmakers by saying the conglomerate would cancel some $35 billion in legacy treasury shares and forgo restructuring into a holding company.
Comcast’s results offer a glimpse into why it’s jumping into the wireless business: Consumers don’t want a landline phone anymore, limiting the appeal of its lucrative “triple play” bundles.
Demand for long-lasting factory goods rose more slowly in March, reflecting a decline in orders of cars and machinery.
Now that the Trump administration has made its broad-brush tax proposal, companies are likely to line up in support—and start sweating the details.
The Trump administration has launched a wide-ranging probe of aluminum imports and producers in Canada and China—by far the biggest aluminum exporters to the U.S.—could face the biggest impact from any tariffs coming out of the case.
U.K. drug maker AstraZeneca, battling declining sales of its blockbuster cholesterol pill, posted lower revenue and profit in the first quarter of the year.
Economic indicators and the stock market climbed even before Donald Trump was inaugurated, boosted by his promises of tax cuts, regulatory relief and infrastructure spending. But with scant progress on those fronts, some question the endurance of the surge.