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Tech, healthcare stocks lift Wall Street to record

Wall Street indexes hit record intraday highs on Tuesday, lifted by technology stocks and healthcare shares, which were boosted by bullish results from medical device maker Medtronic.

Recent Business News

U.S. commission recommends tariffs to curb Samsung, LG washer imports

WASHINGTON The U.S. International Trade Commission on Tuesday recommended tariffs to keep Samsung and LG from flooding the U.S. market with inexpensive washers, a step that would protect American appliance giant Whirlpool Corp.

2:56pm EST

Ireland promises progress in Apple tax recovery in coming weeks

DUBLIN Ireland expects to make progress in recovering up to 13 billion euros ($15 billion) in disputed taxes from Apple Inc in the coming weeks, its prime minister said on Tuesday, following EU criticism that Dublin was moving too slowly.

Tech, Ireland 12:16pm EST

New York Times to roll out more subscriptions beyond news

The New York Times Co plans to introduce two or three new standalone digital subscriptions next year focused on lifestyle topics as part of its push to get more people to pay for its content beyond traditional news, a senior executive told Reuters.

1:36pm EST

Facebook to meet Russian regulators to discuss compliance: TASS

MOSCOW Facebook plan to meet Russian regulators in late December or early January to discuss compliance, TASS news agency cited the head of Russian communications watchdog Roskomnadzor as saying on Tuesday.

Tech, Facebook 8:53am EST

FCC head proposes review of U.S. TV station ownership cap

WASHINGTON The head of the Federal Communications Commission on Tuesday proposed that the U.S. agency vote next month to reconsider rules preventing a company from owning stations serving more than 39 percent of households with a television, a move that could speed consolidation in the industry.

2:34pm EST


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