Business News

AP Top Business News at 1:33 a.m. EDT

Internet firms winding up for a fight on 'net neutrality'
NEW YORK (AP) -- Internet companies are readying for a showdown with telecoms and a Republican-controlled government over a policy near and dear to their hearts: net neutrality....

Trump to propose massive tax cuts for businesses
WASHINGTON (AP) -- President Donald Trump plans to propose massive tax cuts for businesses big and small as part of an overhaul that he says will provide the biggest tax cuts in U.S. history....

China launches 1st domestically-made aircraft carrier
BEIJING (AP) -- China has launched its first aircraft carrier built entirely on its own, in a demonstration of the growing technical sophistication of its defense industries and determination to safeguard its maritime territorial claims and crucial trade routes....

Big unwind begins: Republicans target crisis financial rules
WASHINGTON (AP) -- Emboldened by a business-friendly president, Republicans in Congress are moving to unwind the stricter regulations that took effect after the 2008 financial crisis and Great Recession....

Wells Fargo faces shareholders, protesters at annual meeting
PONTE VEDRA BEACH, Fla. (AP) -- Shareholders irritated by the fallout from Wells Fargo's sales practices scandal sent a warning to the bank's executives and board, with some directors barely holding onto their jobs Tuesday in what is typically a symbolic vote....

Asian stocks climb on hopes for US tax cuts, budget deal
SEOUL, South Korea (AP) -- Shares rose in Asia on Wednesday after hopes for tax cuts by U.S. President Donald Trump drove record-breaking gains overnight on Wall Street...

Hyundai Motor reports 21 percent drop in 1Q profit
SEOUL, South Korea (AP) -- Hyundai Motor Co. says its first-quarter profit fell 21 percent from a year earlier....

Cuba weathers storm in Venezuela but future looks uncertain
HAVANA (AP) -- Refineries have gone dark. Gas rations have been slashed for hundreds of thousands of state workers. Construction materials are nearly impossible to find....

Lawsuit filed against Fox alleges racial discrimination
NEW YORK (AP) -- An expanded lawsuit filed Tuesday accuses Fox News Channel of racial discrimination "that appears more akin to Plantation-style management than a modern-day work environment."...

Canadian leader responds to lumber tariffs imposed by the US
TORONTO (AP) -- Prime Minister Justin Trudeau warned Tuesday that Canada and the U.S. could suffer a "thickening" border as the Trump administration imposes new tariffs on softwood lumber and trade tensions between the two countries escalate....

Business Video
Captains of industry: Comparing CEO pay and performance
Unemployment by the numbers
Up to the Minute
Asian stocks climb on hopes for US tax cuts, budget deal

Chipotle says sales rise, discloses payment system problem

Business Highlights

Maker of Ugg boots, Teva sandals may put itself up for sale

Caterpillar and Biogen jump; Express Scripts plunges

How major US stock market indexes fared on Tuesday

Big unwind begins: Republicans target crisis financial rules

Moving beyond China and Mexico, Trump targets Canada trade

Markets Right Now: Strong company earnings power stock gains

Cost cuts at Coca-Cola go deeper, including jobs