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Wall Street at fresh record highs with tax revamp in sight

NEW YORK Wall Street closed at record highs amid sustained optimism about the likelihood of lower corporate tax rates as the Republican tax bill moved closer to passage.

Recent Business News

Buffett's latest milestone: Berkshire stock hits $300,000

NEW YORK Berkshire Hathaway Inc's stock price touched $300,000 for the first time on Monday, reflecting investors' confidence in Warren Buffett's conglomerate despite four straight quarters of lower operating profit.

1:22pm EST

GM urges judge to throw out disputed ignition switch deal

Lawyers for General Motors on Monday urged a federal bankruptcy judge in Manhattan to throw out a settlement that would require the company to pay $1 billion to car owners suing over faulty ignition switches.

1:32pm EST

BMW electric cars hit 100,000 sales target

BERLIN BMW said on Monday it had hit its target of selling 100,000 electric cars this year around the world, benefiting from strong demand in western Europe and the United States for models such as the i3 and the 2-series plug-in hybrid Active Tourer.

2:20pm EST

Italy's Monte dei Paschi names new chairwoman to help steer recovery

SIENA, Italy Italy's fourth-biggest bank Monte dei Paschi di Siena , rescued from the brink of collapse by a state bailout, has named a new chairwoman and board to help steer a course to recovery.

2:51pm EST

Twitter to put warnings before swastikas, other hate images

SAN FRANCISCO Twitter Inc said on Monday it would begin issuing a warning before a user can see pictures with Nazi swastikas and other items it determines are hateful imagery, as well as prohibit their use in any profile photos on its social media network.

Tech, Twitter 12:45pm EST

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