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U.S. consumer confidence slips; new home sales hit eight-month low

WASHINGTON U.S. consumer confidence fell in September and home sales dropped to an eight-month low in August due to the impact of Hurricanes Harvey and Irma, supporting the view that the storms would hurt economic growth in the third quarter.

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SEC chair grilled by Senate panel over cyber breach, Equifax

WASHINGTON The chairman of the U.S. Securities and Exchange Commission (SEC) told a congressional committee on Tuesday he did not believe his predecessor Mary Jo White knew of a 2016 cyber breach to the regulator's corporate disclosure system, the exact timing of which could not be known "for sure."

Politics, Election 2016, Tech 12:48pm EDT

Toyota to invest $373.8 million in five U.S. plants

Toyota Motor Corp said on Tuesday it would invest $373.8 million in five manufacturing plants in the United States to produce its first American-made hybrid powertrain, as it looks to build more vehicles in the market which it sells.

12:01pm EDT

Commerce Secretary Ross tells China to guarantee fairness for U.S. firms

BEIJING U.S. Commerce Secretary Wilbur Ross said China needed to "guarantee fair and reciprocal treatment for U.S. firms" as he tried to strike an upbeat tone on a visit to Beijing amid trade tensions between the two countries.

10:06am EDT

Tesla shares rebound while signs of competition increase

SAN FRANCISCO Shares of Tesla Inc rebounded from a correction on Tuesday after an analyst predicted its electric cars would become commonplace within two years and a billionaire UK inventor announced plans for his own electric vehicles.

1:21pm EDT

Western Digital to seek injunction to block Toshiba's $18 billion chip unit sale

TOKYO Western Digital Corp said on Tuesday it will seek an injunction to block the sale of Toshiba Corp's prized semiconductor business to a rival group, upping the ante in an acrimonious battle with its chip venture partner. | Video

Tech, Deals 11:36am EDT


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