Business News

AP Top Business News at 7:21 a.m. EDT

Trump plans lunch with GOP senators as focus turns to taxes
WASHINGTON (AP) -- President Donald Trump is planning lunch with GOP senators after sparring with several of them, as congressional Republicans turn to overhauling the tax code....

Saudi Arabia opens major conference with eye on investment
RIYADH, Saudi Arabia (AP) -- Saudi Arabia on Tuesday opened a major investment conference aimed at shining a spotlight on the country's efforts to overhaul its economy and society after being jolted into action following a plunge in oil prices that threatened the kingdom's main source of revenue and its long-term stability....

What to know about 401(k) plans amid talk of tax change
NEW YORK (AP) -- The 401(k) may be in Washington's crosshairs....

China promotes 3 potential central bank leaders
BEIJING (AP) -- China's ruling Communist Party has promoted three potential successors to long-serving central bank chief Zhou Xiaochuan, setting up a possible handover as Beijing tries to rein in surging debt and financial risks....

The thrill is gone ... Sears-Whirlpool split after 100 years
NEW YORK (AP) -- Sears will no longer sell Whirlpool appliances, ending a business relationship that dates make more than 100 years....

New flight paths lead to airplane noise complaints across US
PHOENIX (AP) -- Airliners began flying over Twila Lake's bungalow-style house in a historic district three years ago, taking off every one to two minutes from the Phoenix airport and roaring over her neighborhood. It was a sudden change after rarely hearing jets in her previous 13 years in the downtown neighborhood....

Kelly on O'Reilly: Abuse, shaming of women has to stop
NEW YORK (AP) -- Megyn Kelly took on her former Fox News Channel colleague Bill O'Reilly in blunt terms on Monday, revealing she had gone to her bosses to complain about O'Reilly's behavior and saying the size of a newly revealed $32 million settlement of harassment charges made by a Fox analyst was "jaw-dropping."...

GAO: Climate change already costing US billions in losses
WASHINGTON (AP) -- A non-partisan federal watchdog says climate change is already costing U.S. taxpayers billions of dollars each year, with those costs expected to rise as devastating storms, floods, wildfires and droughts become more frequent in the coming decades....

Swiss drugs maker Novartis reports 7 percent rise in 3Q net
GENEVA (AP) -- Swiss pharmaceuticals company Novartis is reporting net income rose 7 percent in the third quarter behind growth for its psoriasis treatment Cosentyx, its eye care business and several cancer drugs....

Trump shoots down retirement limit to pay for GOP tax cuts
WASHINGTON (AP) -- President Donald Trump shot down a possible approach for raising revenue to finance tax cuts in politically must-do legislation for the Republicans, promising Monday the popular 401(k) retirement savings program will be untouched....

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Up to the Minute
The thrill is gone ... Sears-Whirlpool split after 100 years

Sears and Whirlpool end a relationship that dates back more than 100 years

Global stock markets mostly higher after Wall Street loss

China promotes 3 potential central bank leaders

What to know about 401(k) plans amid talk of tax change

Mitsubishi recalls 161,167 vehicles in US, Canada

Rates rise on short-term Treasury bills at weekly auction

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How major US stock indexes fared on Monday

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