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Trump plan to cut taxes on businesses, repatriated profits: officials

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 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.

11:10am 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.

11:12am 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

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

Exclusive: Volkswagen eyes options for motorbike brand Ducati - sources

FRANKFURT Volkswagen is considering options for its motorcycle brand Ducati as it seeks to streamline its portfolio, two people familiar with the matter said.

11:06am EDT

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