NEW YORK – The 401(k) may be in Washington’s crosshairs. Continue Reading Below Congress is looking for ways to raise revenue as part of a tax overhaul plan, and one of the methods reportedly under consideration is to curtail how much pretax money workers can contribute to their 401(k) and […]
FOX Business News
New York attorney general launches probe of Weinstein Co.
ALBANY, N.Y. – State Attorney General Eric Schneiderman announced a civil rights investigation on Monday into The Weinstein Co. following sexual harassment and assault allegations against its co-founder, Hollywood producer Harvey Weinstein. Continue Reading Below As part of the investigation, the prosecutor’s office issued a subpoena seeking company records on […]
JetBlue plane strikes birds, makes safe emergency landing
NEW YORK – A JetBlue plane from Boston to Las Vegas that struck some birds shortly after takeoff has made a safe emergency landing in New York. Continue Reading Below JetBlue Airways Corp. spokeswoman Sharon Jones says Flight 877 landed safely at John F. Kennedy International Airport just before 7:30 […]
Mitsubishi recalls 161,167 vehicles in US, Canada
DETROIT – Mitsubishi Motors Corp. is recalling 161,167 vehicles in the U.S. and Canada because electric relays can cause the engine to stall or overheat. Continue Reading Below The recall affects the 2015-2017 Outlander SUV, the 2015-2017 Lancer sedan and Outlander Sport, and the 2015 Lancer Evolution sport sedan. Most […]
Silver mine opponents ask Montana to suspend permits
BILLINGS, Mont. – Environmentalists have asked Montana regulators to suspend permits for two silver mines citing concerns over the track record of the president of the company behind the proposals. Continue Reading Below Attorneys for Earthworks, the Clark Fork Coalition and three other groups on Monday pressed officials to enforce […]
The Latest: Trump promises tax bill won’t affect 401Ks
WASHINGTON, D.C. – The Latest on President Donald Trump (all times local): Continue Reading Below 6:20 p.m. President Donald Trump has shot down a possible approach for raising revenue to finance tax cuts in politically must-do legislation for the Republicans, promising the popular 401(k) retirement program will be untouched. Still, […]
US, California approve fix for 38,000 Volkswagen diesels
DETROIT – Federal and state officials said Monday they have approved a fix for 38,000 Volkswagen, Audi and Porsche sport utility vehicles with diesel engines that were cheating on emissions tests. Continue Reading Below The approval brings German automaker Volkswagen AG closer to resolving a costly and embarrassing scandal that […]
Rates rise on short-term Treasury bills at weekly auction
WASHINGTON – Interest rates on short-term Treasury bills rose in Monday’s auction with rates on six-month bills climbing to their highest level in nine years. Continue Reading Below The Treasury Department auctioned $42 billion in three-month bills at a discount rate of 1.105 percent, up from 1.090 percent last week. […]
Xilinx’s Upcoming Results Are Only Part of the Picture
Investors might have expected Xilinx (NASDAQ: XLNX) to set the stock market on fire this year as it is pursuing growth in the fast-growing fields of artificial intelligence (AI) and cloud computing. But the chipmaker has underperformed the NASDAQ-100 Technology Sector so far this year despite posting steady growth in […]
Markets Right Now: Stocks fall on steep drop by GE
NEW YORK – The latest on developments in financial markets (All times local): Continue Reading Below 4:15 p.m. U.S. stocks are closing lower on Wall Street as industrial and technology companies stumble. Industrial companies declined Monday as General Electric fell 6.3 percent, its biggest loss since 2011. Companies in technology […]