Edition:
United States

Business

Photo

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

Recent Business News

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

U.S. government sues Fiat Chrysler over excess emissions

WASHINGTON The U.S. government filed a civil lawsuit on Tuesday accusing Fiat Chrysler Automobiles NV of illegally using software to bypass emission controls in 104,000 diesel vehicles sold since 2014.

Environment, Italy 4:45pm EDT

Westinghouse reaches deal for $800 million U.S. bankruptcy loan

Westinghouse Electric Co told a U.S. court on Tuesday the nuclear power company had reached a deal to borrow $800 million after allaying creditors' concerns that the money would be flowing to non-bankrupt affiliates overseas.

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

CEOs of Target, ADM offer differing views on U.S. border tax at hearing

WASHINGTON The chief executive officers of two major American companies - retailer Target Corp and agribusiness Archer Daniels Midland Co - offered opposing views in a hearing before U.S. lawmakers on Tuesday on a proposed border adjustment tax.

Politics, Election 2016 1:34pm EDT

More From Around the Web

Markets

  • U.S.
  • Europe
  • Asia
  • Sectors

Sector Summary