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Trump backs CEOs, proposes easing corporate reporting rules

NEW YORK/WASHINGTON U.S. President Donald Trump asked securities regulators to explore replacing quarterly reporting requirements with half-yearly filings at the urging of executives including PepsiCo Chief Executive Indra Nooyi, reigniting a debate about how often companies should give financial updates to investors. | Video

Recent Business News

Russian oil industry would weather U.S. 'bill from hell'

MOSCOW Stiff new U.S. sanctions against Russia would only have a limited impact on its oil industry because it has drastically reduced its reliance on Western funding and foreign partnerships and is lessening its dependence on imported technology.

Brazil's Marfrig to sell U.S. unit to Tyson for $2.5 billion: sources

SAO PAULO Brazilian meatpacker Marfrig Global Foods SA has agreed to sell its U.S. subsidiary, a key McDonald's supplier, to Tyson Foods Inc for $2.5 billion, two people with knowledge of the matter told Reuters on Friday.

3:21pm EDT

Musk's tunnel-boring firm seeks U.S. tariff exemption for Chinese parts

WASHINGTON A company owned by Elon Musk that is trying to lower the cost of building high-speed transit tunnels has asked the Trump administration to exempt it from tariffs for some Chinese-made tunnel boring machine components, warning the tariffs could significantly delay a planned tunnel between New York and Washington.

4:09pm EDT

Goldman faces U.K. probe over reporting practices: Bloomberg

Goldman Sachs Group Inc is facing a probe from U.K. regulators over its reporting practices tied to new rules in European markets, Bloomberg reported on Friday, citing people with knowledge of the matter.

2:29pm EDT

Venezuelans rush to shops before monetary overhaul

CARACAS/MARACAIBO Jittery Venezuelans on Friday rushed to shops and formed long lines in preparation for a monetary overhaul that will remove five zeros from prices in response to hyperinflation that has made cash increasingly worthless.

4:17pm EDT

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