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Trump's plan to slash business taxes seen as 'guidepost' by congressional Republicans

WASHINGTON President Donald Trump unveiled a one-page plan on Wednesday proposing deep U.S. tax cuts, many for businesses, that would make the federal deficit balloon if enacted, drawing a cautious welcome from fiscal conservatives and financial markets. | Video

Recent Business News

Companies cheer Trump tax cuts, but jobs are less certain to follow

U.S. businesses would reap a windfall if President Donald Trump's plan to cut corporate tax rates and slash taxes on cash parked overseas becomes law, but it was unclear whether they would stimulate a surge in investment and job creation in return.

Apr 26 2017

Samsung Elec flags stronger second quarter; Elliott welcomes share cancellation

SEOUL Samsung Electronics Co Ltd on Thursday flagged stronger earnings and announced a cancellation of treasury shares after posting a solid first-quarter profit boosted by the memory chip business, sending its shares to a new high.

2:03am EDT

Shares in Japan's Takata suspended after report on bankruptcy plan

TOKYO Trading in Takata Corp shares was suspended on Thursday after a report that the Japanese airbag maker at the heart of the car industry's biggest-ever recall is considering a bankruptcy plan that will create a new company and ringfence its liabilities.

Deals, Japan, China 1:06am EDT

Oil prices fall on lingering oversupply concerns

SINGAPORE Oil prices dipped on Thursday, weighed down by a general sentiment of globally bloated markets, though traders said that prices seemed to have found support around current levels.

2:50am EDT

United Airlines CEO answers lawmakers on passenger dragging incident

United Airlines Chief Executive Oscar Munoz said less than one passenger was involuntarily denied boarding per 23,000 on an average last year, responding to questions from lawmakers regarding the rough removal of a passenger from one of its flights.

2:12am EDT

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