UPDATE: Dow Jones industrials fall 500 points as investors worry about fallout from steep tariffs on steel and aluminum imports. This is a breaking story; please check back for updates. U.S. stocks dropped in another dizzying day of trading on …
President Donald Trump says the United States will impose tariffs on steel and aluminum imports next week. At a meeting Thursday with top executives from U.S. steel and aluminum companies, he announced tafiffs of 25 percent on steel products and …
Environmental activists in Kenya have pledged to take further legal action against Kenyan and Chinese corporations if contractors move forward with construction of a railway bridge across Nairobi National Park. The activists held a demonstration Thursday outside parliament. About 100 …
Americans lifted their spending just 0.2 percent in January, while their incomes jumped because of last year’s tax cuts. The Commerce Department said Thursday that the modest spending increase followed gains of 0.4 percent in December and 0.8 percent in …
U.S. oil company Exxon Mobil says it will withdraw from its joint venture with Russia’s state-controlled Rosneft due to U.S. and European sanctions against the country. Exxon Mobil had signed a deal with Rosneft, Russia’s biggest oil producer, in 2011 …
A company’s value is often tied to the message it portrays to customers. But what happens when other companies try to take advantage of your brand? Take the Philadelphia Eagles, for instance. The American football team wants to exclusively own …
Dick’s Sporting Goods, one of the largest sports retailers in the U.S., will immediately end the sale of assault-style rifles in its stores and stop selling guns of any type to anyone under age 21. The company made the announcement …
Growth in China’s manufacturing sector in February cooled to the weakest in more than 11/2 years, raising concerns of a sharper-than-expected slowdown in the world’s second biggest economy this year as regulators tighten the screws on financial risks. The weakness …
The U.S. Commerce Department on Tuesday recommended raising import duties on Chinese-made aluminum foil it said is being sold at unfairly low prices due to improper subsidies to producers. The ruling was praised by the Aluminum Association, a trade …
The chairman of the U.S. House Transportation and Infrastructure Committee said Tuesday that there was not enough support in Congress to move forward with a plan backed by President Donald Trump to privatize the air traffic control system. Republican Representative …
Three of President Donald Trump’s senior economic aides are expected to meet this week with a top Chinese economic official to discuss trade disputes between the United States and China. White House spokeswoman Sarah Huckabee Sanders told Reuters that Treasury …
The head of the World Trade Organization diplomatically took issue with U.S. President Donald Trump’s description of the WTO as a catastrophe on Tuesday, pointing out that the United States actually had a better deal than other countries in the …
The U.S. negotiator for regional content requirements in autos flew back to Washington from a NAFTA round in Mexico on Monday to talk with car companies, officials said, in a development some hoped would lead to progress on the contentious …
Comcast Corp, the biggest cable operator in the United States, offered on Tuesday to pay $31 billion to buy Sky, challenging Rupert Murdoch’s Fox and Bob Iger’s Walt Disney for the European pay-TV jewel. Comcast, a $184 billion media giant …
A surge in sales of Cuba’s legendary cigars in China helped manufacturer Habanos S.A.’s global revenue rise 12 percent to hit a record of around $500 million last year, the company said on Monday at the start of Cuba’s annual …
It promised ample snow and sunny weather on a normally bare, rocky peak easily accessible by “super highway,” thousands more hotel rooms than existed, and a cross-country ski course that looked good on paper but would have cut through some …
The governor of Sao Paulo and likely centrist presidential candidate Geraldo Alckmin said on Monday that he would privatize Brazil’s state-run oil company Petroleo Brasileiro SA if he wins the elections in October. Alckmin, who has single digit support in …
U.S. President Donald Trump on Monday said he wants to bring the steel industry back to America even if it means applying tariffs to imports from other countries. “I want to bring the steel industry back into our country. If …
One of the hallmarks of India’s financial capital, Mumbai, is a food delivery system that involves 5,000 lunchbox carriers, who distribute over 100,000 home cooked meals to office workers with an efficiency that has been the subject of top business …
Days after saying that it would retroactively cut the profits reported over the past two years, General Electric Co. is reshaping its board of directors. One person joining the board chaired the organization that sets accounting standards in the United …
Reports of massacres and the displacement of close to 700,000 Rohingya have chilled relations between Myanmar and its Western partners but the crisis has not reversed the country’s long-term economic outlook. Myanmar’s brand as a “frontier” destination for Western investment …
President Emmanuel Macron on Saturday faced heckles and whistles from French farmers angry with reforms to their sector, as he arrived for France’s annual agricultural fair. For over 12 hours, Macron listened and responded to critics’ rebukes and questions — only …
Investor Warren Buffett says Wall Street’s lust for deals has prompted CEOs to act like oversexed teenagers and overpay for acquisitions, so it has been hard to find deals for Berkshire Hathaway. In his annual letter to shareholders Saturday, Buffett …
Australia appears to be failing in its efforts to crack down on bribery, according to the latest survey conducted by Transparency International, a non-governmental organization based in Germany. The group said developed countries – including Australia – appeared to be …