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U.S. Republicans craft tax deal, final votes seen next week

WASHINGTON Congressional Republicans reached a deal on final tax legislation on Wednesday, clearing the way for final votes next week on a package that would slash the U.S. corporate tax rate to 21 percent and cut taxes for wealthy Americans. | Video

Recent Business News

Airbus leadership under fire as crisis deepens

TOULOUSE/PARIS Airbus is engulfed in a fresh bout of speculation over the future of senior managers as corruption probes rattle the aerospace company and add fuel to a long-running clash of egos at the top, people familiar with the group said.

2:33pm EST

Ford to shift midsize sedan production out of Mexico: sources

Ford Motor Co has told suppliers it plans to shift production of midsize Fusion and Mondeo sedans out of Mexico and Spain in 2020 and move it to China, three sources said on Wednesday.

China, Mexico, Spain 4:46pm EST

WTO meeting ends in stalemate after U.S. rebukes, member vetoes

BUENOS AIRES The World Trade Organization's biennial meeting ended in stalemate on Wednesday after U.S. criticism and member country vetoes, raising questions about the body's ability to govern increasingly disputed global trade.

5:02pm EST

Lockheed Martin may top Boeing in race to supply Canada jets: experts

OTTAWA Canada's decision to make it harder for Boeing Co to win a major jet order hands rival plane maker Lockheed Martin Corp an advantage in capturing the contract, defense experts said on Wednesday.

3:34pm EST

Bitcoin fever exposes crypto-market frailties

LONDON/NEW YORK As bitcoin raced to another record high on Tuesday, one of the biggest providers of digital currency wallets, Coinbase, went down under the weight of traffic, leaving many of its more than 10 million customers unable to access their funds.

11:02am EST

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