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Trump's 'big announcement' on tax to be broad principles: official

WASHINGTON President Donald Trump's promised "big announcement" next week on overhauling the U.S. tax code, a top campaign pledge, will consist of "broad principles and priorities," an administration official said on Saturday.

Recent Business News

United CEO Munoz will not chair board in 2018 following passenger furor

NEW YORK United Continental Holdings Inc said on Friday Chief Executive Oscar Munoz will not become chairman in 2018, under an amendment to his employment agreement approved after an uproar over the treatment of a passenger. | Video

Apr 21 2017

Two big California pension systems oppose nine Wells Fargo directors

BOSTON Officials of two large California public retirement systems said Friday they are voting against nine of 15 Wells Fargo & Co directors up for election at the bank's annual meeting next week, citing the bank's phony-account scandal.

Apr 21 2017

U.S. judge sentences Volkswagen to three years probation, oversight

DETROIT A federal judge in Detroit on Friday sentenced Volkswagen AG to three years' probation and independent oversight for the German automaker's diesel emissions scandal as part of a $4.3 billion settlement announced in January. | Video

Apr 21 2017

GE shares fall on cash, business worries though profit beats

NEW YORK General Electric Co reported quarterly sales and adjusted earnings results that beat analysts estimates on Friday, but its shares fell on concerns about some of its industrial businesses and its cash outflow.

Apr 21 2017

U.S. Homeland Security probes possible abuse in Twitter summons case

SAN FRANCISCO The U.S. Homeland Security Department's inspector general said on Friday he was investigating possible abuse of authority in a case that triggered a lawsuit against the department by Twitter Inc .

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