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White House piles pressure on China after Trump tariff threat

WASHINGTON/BEIJING China has underestimated U.S. President Donald Trump's resolve to impose more tariffs unless it changes its "predatory" trade practices, a White House trade adviser said on Tuesday, as Trump greatly expanded the amount of Chinese imports possibly facing new duties. | Video

Recent Business News

FedEx profit tops Wall Street estimates amid trade war worries

LOS ANGELES/NEW YORK FedEx Corp reported fourth-quarter profit that beat Wall Street estimates on Tuesday, as revenues and operating margins increased in each of the company's operating units.

7:47pm EDT

Starbucks closing cafes; CEO calls performance 'not acceptable'

Starbucks Corp forecast on Tuesday slower sales growth than Wall Street expected this quarter and plans to close about 150 U.S. cafes next fiscal year to boost performance, sending its shares down 2 percent after hours.

7:40pm EDT

Goldman Sachs to invest $500 mln in women-run companies

Goldman Sachs Group Inc will pump $500 million into companies led, founded or owned by women, as it steps up efforts to close the gender investing gap, the Wall Street bank said on Tuesday.

6:54pm EDT

Walt Disney names creative heads of animation studios

Walt Disney Co on Tuesday split the role of its outgoing creative head John Lasseter and appointed two Academy award winners to spearhead its two animation studios.

5:17pm EDT

Ford to redevelop symbol of Detroit decline to house tech workers

DETROIT Ford Motor Co executives on Tuesday said the automaker will renovate and revamp Michigan Central Station, Detroit's infamous blighted landmark, turning it into offices for up to 5,000 tech workers and software engineers focused on self-driving vehicles and ancillary technologies and services.

7:14pm EDT

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