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Wall Street pares gains after Trump disbands two advisory councils

U.S. stocks pared gains on Wednesday afternoon after President Donald Trump said he is disbanding his manufacturing council as well as the strategy and policy forum.

Recent Business News

U.S. judge in Takata bankruptcy halts lawsuits vs automakers

A U.S. judge overseeing the bankruptcy of Japanese auto supplier Takata Corp's U.S. business has halted for 90 days the lawsuits brought by victims of its faulty air bag inflators against automakers, a ruling that temporarily smooths its efforts to exit bankruptcy.

U.S., Japan 11:56am EDT

Samsung, Foxconn to back cable-free phone tech

A startup backed by Tony Fadell, one of the fathers of the Apple iPod, plans to announce Wednesday it is working with Samsung Electronics Co Ltd , Foxconn parent Hon Hai Precision Industry Co Ltd and others on a new way for mobile phones to transfer large amounts of data without using wires or WiFi connections.

1:28pm EDT

Sale of Air Berlin slots offers rare German entry ticket

BERLIN/FRANKFURT Air Berlin's administrators will focus on selling its attractive take-off and landing slots in Germany, a source familiar with the process said, potentially opening up the market to new players. | Video

1:03pm EDT

Chinese automakers kick tires at FCA, but any deal faces obstacles

HONG KONG Geely Automobile Holdings Ltd said on Wednesday it was not planning a bid for Fiat Chrysler Automobiles NV , and while other potential Chinese suitors remain any tie-up could face significant U.S. regulatory obstacles.

12:57pm EDT

Ireland says EU demand that Apple pay it 13 billion euros in back taxes unjustified

BERLIN Ireland's finance minister said the European Commission's demand that Dublin collect up to 13 billion euros ($13.8 bln) in back taxes from Apple was unjustified, in an interview with Germany's Frankfurter Allgemeine (FAZ) newspaper.

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Monetizing the Dallas Cowboys brand

Dallas Cowboys Chief Operating Officer Stephen Jones talks about maximizing the value of his team.   Full Article 

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