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Trump administration to unveil tax plan with big cuts for business

WASHINGTON President Donald Trump will release a tax plan on Wednesday that proposes to sharply slash rates on businesses and overseas corporate profits returned to the United States, officials said. | Video

Recent Business News

PepsiCo profit beats but lower margins weigh on shares

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. | Video

11:54am EDT

Exclusive: Austrian prosecutors investigate Airbus CEO over suspected fraud

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.

11:23am EDT

ESPN to layoff 100 on-air talent: source

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.

11:06am EDT

SEC working 'diligently' on plan to test lower exchange fees

NEW YORK The U.S. Securities and Exchange Commission is preparing a proposal for a pilot plan to test how lowering stock exchange fees would affect market quality and the behavior of market participants, a senior official at the regulator said on Wednesday.

11:28am EDT

JPMorgan beats Madoff customers' appeal

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.

11:15am EDT

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