The Pentagon has failed what is being called its first-ever comprehensive audit, a senior official said, finding Defense Department accounting discrepancies that could take years to resolve.
Business & Financial News, U.S & International Breaking News
Wall Street climbs on hopes of easing trade tensions
U.S. stocks rose on Thursday on optimism the United States and China could resolve their trade dispute, after a news report said Washington would pause further tariffs on Chinese imports.
FDA to ban flavored e-cigarettes at U.S. convenience stores
The U.S. Food and Drug Administration on Thursday announced sweeping new restrictions on flavored tobacco products, including electronic cigarettes popular among teenagers in an effort to prevent a new generation of nicotine addicts.
Nvidia shares slide 17 percent as cryptocurrency demand vanishes
Chip designer Nvidia Corp on Thursday forecast sales for its fiscal fourth quarter well below Wall Street expectations, pinning the blame on unsold chips piling up with distributors and retailers after the evaporation of the cryptocurrency mining boom.
Facebook plans independent body for content-removal appeals
Facebook Inc Chief Executive Mark Zuckerberg said on Thursday the world's largest social media service would create an independent body to review user appeals of content takedowns, saying his company should not by itself be making "so many important decisions about free expression and safety."
Automaker groups warn U.S. tariffs will undermine new NAFTA deal
U.S. automakers and parts suppliers on Thursday warned that President Donald Trump's steel and aluminum tariffs and threatened car tariffs would undermine the benefits of the new deal to modernize the North American Free Trade Agreement, causing widespread job losses.
Silicon eyed as way to boost electric car battery potential
The race to build a better electric car battery is turning to silicon, with several companies working to engineer types of the material that can boost driving range and cut production costs.
Exp: Nov 18
Exp: Nov 18
Exp: Nov 18
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