WASHINGTON U.S. President Donald Trump will release a tax plan on Wednesday that proposes to sharply slash business taxes and steeply discount the rate on corporate profits brought back into the United States, officials said. | Video
Recent Business News
PepsiCo Inc's quarterly revenue and profit beat estimates on demand for its healthier drinks and snacks and higher pricing in North America, but a contraction in the company's gross margins weighed on shares.
VIENNA Vienna prosecutors are investigating Airbus Chief Executive Thomas Enders for suspected fraud in connection with a $2 billion Eurofighter jet order by Austria more than a decade ago, the prosecutors' office said.
Walt Disney Co 's ESPN television unit is laying off about 10 percent of its 1,000 on-air staff, according to a source familiar with the situation.
NEW YORK JPMorgan Chase & Co is not liable to a group of former customers of Bernard Madoff who blamed the bank for being actively involved in his Ponzi scheme and ignoring red flags of fraud, a federal appeals court ruled on Wednesday.
FRANKFURT Volkswagen is considering options for its motorcycle brand Ducati as it seeks to streamline its portfolio, two people familiar with the matter said.