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
Fed plans review of how it pursues inflation, employment goals
The Federal Reserve, under pressure from a critical White House even while it largely hits its inflation and employment targets, will conduct an extensive review next year of how it guides the U.S. economy as it seeks to become more open and accountable.
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.
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 urged the Trump administration to end steel and aluminum tariffs on Mexico and Canada and warned that potential U.S. national security tariffs on automotive imports would lead to widespread job losses.
Tesla slashes prices on home solar systems to spur sales
Tesla Inc has cut prices on its residential solar systems by as much as 25 percent in a bid to lift lagging sales after the company streamlined its sales and marketing organization, a company official told Reuters on Thursday.
More U.S. states could swarm into legal sports betting next year
At least a dozen more U.S. states could legalize sports betting in the coming year, and up to eight could have operational sports books ready to take wagers before the start of the 2019 football season, industry experts said at a conference on Thursday.
Exp: Nov 18
Exp: Nov 18
Exp: Nov 18
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