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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

Walmart asks some beauty suppliers to consider sourcing outside of China

Walmart Inc has asked some beauty suppliers to consider sourcing products from outside China, as it looks for ways to mitigate the impact of a new set of tariffs on Chinese products proposed by the Trump administration.

6:06pm 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

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.

Thyssenkrupp's interim chairman says structure is not sacrosanct: Focus

FRANKFURT Thyssenkrupp's workers are prepared to do their part in the ongoing restructuring of the embattled conglomerate, its interim chairman and trade union secretary Markus Grolms told a German magazine.

5:33pm EDT

Venezuelans rush to shop, fill tanks before monetary overhaul

CARACAS/MARACAIBO Jittery Venezuelans on Friday rushed to shops and lined up at gas stations on concerns that a monetary overhaul to lop off five zeros from prices in response to hyperinflation could wreak financial havoc and make basic commerce impossible.

5:28pm EDT

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