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Trump seeks to slash $3.6 trillion of spending in austere budget

WASHINGTON U.S. President Donald Trump asked lawmakers on Tuesday to cut $3.6 trillion in government spending over the next decade, taking aim at healthcare and food assistance programs for the poor in an austere budget that also boosts the military. | Video

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Uber inadvertently underpaid New York City drivers for over two years

Uber Technologies Inc [UBER.UL] said on Tuesday it underpaid its New York City drivers for the past two-and-a-half years, an error that could cost the ride-hailing company tens of millions of dollars. | Video

Tech, U.S. 8:16pm EDT

Dollar firm after bounce from lows, yuan slips on China downgrade

TOKYO The dollar held firm on Wednesday, having rebounded from 6-1/2-month lows against its major peers helped by a rise in U.S. Treasury yields, while the yuan eased after Moody's cut its sovereign rating on China due to concerns over the country's soaring debt.

10:27pm EDT

Morgan Stanley to curb veteran adviser recruiting

NEW YORK Morgan Stanley, the biggest U.S. brokerage by head count, told brokers Tuesday that it is standing down from the expensive recruitment wars, following similar steps taken earlier this month by competitor Bank of America Merrill Lynch.

5:46pm EDT

Patent plaintiffs see way around U.S. Supreme Court ruling

Corporations are cheering a U.S. Supreme Court decision limiting where they can be sued for patent infringement, but some intellectual property lawyers say loopholes in the ruling likely mean lawsuits will continue to be filed in plaintiff-friendly jurisdictions.

4:08pm EDT

U.S. plan to sell oil reserve shows declining import needs

SINGAPORE/VIENNA President Donald Trump's proposal to sell half of the U.S. strategic oil reserve highlights a decline in the biggest oil user's reliance on imports - and a weaning off OPEC crude - as its domestic production soars.

3:31pm EDT

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