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Wall St. lower as Apple, Fed view weigh

The three major U.S. indexes were trading lower on Thursday, scaling back from their record levels, weighed down by Apple and the Federal Reserve's indication to raise interest rates for third time despite low inflation.

Recent Business News

Toys 'R' Us plans holiday hires including toy demonstrators

Toys "R" Us Inc, the U.S. toy retailer that filed for bankruptcy protection this week, said on Thursday it is hiring part-time seasonal workers to staff its stores for the holidays, including for a new position of toy demonstrator. | Video

12:04pm EDT

Wells Fargo CEO to testify before Senate as questions linger over scandal

WASHINGTON Wells Fargo Chief Executive Tim Sloan is due to testify before Congress on Oct. 3 as the bank deals with fallout from a sales scandal a year ago that continues to spark new revelations.

11:47am EDT

Exclusive: Chipmaker GlobalFoundries asks EU to investigate bigger rival TSMC - source

BRUSSELS U.S. electronic chipmaker GlobalFoundries has asked European antitrust regulators to investigate market leader TSMC , accusing the Taiwanese firm of unfair competition, an industry source said on Monday.

11:04am EDT

EU eyes solo move to increase tax on online giants, risking U.S. anger

BRUSSELS The European Commission said on Thursday it may seek to implement tax reform to raise more revenue from online giants without the backing of the United States and other rich nations, in a move that could spark a new transatlantic dispute.

12:44pm EDT

Road to electric car paradise paved with handouts

JUDABERG, Norway The Norwegian island of Finnoey has the highest density of electric cars in the world. The reason? They are exempt from the $6,000-a-year toll charges for the tunnel to the mainland. | Video

Tech, Norway 11:43am EDT

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