U.S. trade deficit widens; weakness abroad fuels export drop

WASHINGTON - The U.S. trade deficit widened in May, fueled by a drop in exports that could heighten concerns over weak overseas demand and a strong U.S. dollar.

Recent Business News

Aetna CEO addresses antitrust concerns over Humana deal

NEW YORK - Aetna Inc's chief executive said Monday he was confident any antitrust review of the health insurer's proposed purchase of smaller rival Humana Inc would allow the deal to close in the second half of 2016. | Video

06 Jul 2015

Oil down 3 percent, sinking for second day, on investor flight

NEW YORK - U.S. crude futures tumbled 3 percent to lead the oil complex down for a second straight day on Tuesday as an investor flight to safe havens continued from worries of a Greece exit from the euro zone and China's deepening stock market losses.

10:40am EDT

Carnival gets U.S. approval to operate Cuba cruises

- Carnival Corp , the world's largest cruise operator, said it had received U.S. approvals to operate cruises to Cuba and planned to start in May.

HSBC fires UK staff over mock execution video

LONDON - HSBC has fired UK staff who filmed themselves staging a mock Islamic State-style beheading of a colleague and posted the video online, it said on Tuesday.

7:51am EDT

Samsung Electronics profit guidance suggests costly S6 miss

SEOUL - South Korean tech giant Samsung Electronics Co Ltd on Tuesday guided for weaker-than-expected second-quarter earnings, as a supply shortage plagued its latest smartphone launch and tepid demand from key markets likely undercut sales. | Video

Tech, South Korea 5:11am EDT


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