Sectors + Companies

Factbox: What happens in a U.S. government shutdown?

By Richard Cowan and Susan Cornwell and Amanda Becker and Richard Cowan and Susan Cornwell and Amanda Becker, Reuters

In shutdowns, nonessential government employees are furloughed, or placed on temporary unpaid leave. Workers deemed essential, including those dealing with public safety and national security, keep...
Delaware Sues Opioid Manufacturers, Distributors Over Epidemic

By Nate Raymond, Reuters

(Reuters) - Delaware on Friday became the latest state to file a lawsuit accusing corporations of helping fuel the national opioid epidemic, suing a wide range of companies involved in making,...
Trump's Coal Job Push Stumbles in Most States

By Valerie Volcovici, Reuters

WASHINGTON (Reuters) - President Donald Trump's effort to put coal miners back to work stumbled in most coal producing states last year, even as overall employment in the downtrodden sector grew...
Trump Tries to Sell Tax Reform to Democrats

By David Morgan, Reuters

WASHINGTON (Reuters) - President Donald Trump intensified his efforts to sell Democrats on his tax reform plan on Wednesday even as Senate Republicans edged closer to passing a budget measure that...
Trump's drug czar nominee withdraws from consideration

By Sarah N. Lynch and Makini Brice, Reuters

WASHINGTON (Reuters) - The U.S. lawmaker who was President Donald Trump's pick for drug czar withdrew on Tuesday after a report he spearheaded a bill that hurt the government's ability to crack down...

Senate Republicans Gain Crucial Support for Budget Vital to Tax Reform

By David Morgan, Reuters

WASHINGTON (Reuters) - U.S. Senate Republicans on Monday gained crucial support for a vote on a budget resolution that is vital to President Donald Trump's hopes of signing sweeping tax reform...
U.S. consumer finance agency expected to punish Equifax: lawyers

By Reuters and Patrick Rucker

By Lisa Lambert and Patrick Rucker WASHINGTON (Reuters) - The U.S. consumer finance watchdog agency is expected to punish Equifax for its cyber breach with the wide-ranging powers it has used with...
U.S. incomes, poverty rate bounce back to pre-recession levels in 2016

By Reuters

By Susan Heavey WASHINGTON (Reuters) - The U.S. poverty rate fell for the second straight year in 2016 while median income rose to an all-time high of $59,000 as the economy made up ground lost...
No Talk of Ousting Speaker Ryan, Key Conservative Says

By Reuters

Many Republicans are unhappy with the deal President Donald Trump reached last week with Democratic leaders to raise the government's debt ceiling and allow it to continue financing federal spending...
Congress sends Trump disaster aid, debt limit increase

By Richard Cowan and Amanda Becker, Reuters

WASHINGTON (Reuters) - The U.S. House of Representatives approved a bill to provide disaster aid, extend the debt ceiling and fund the federal government for three months on Friday, delivering on...

Why a Cheap New Wonder Drug May Not Be Such a Bargain After All

By Eric Pianin

There’s a little bit of good news on the drug pricing front with Gilead Sciences’ announcement Tuesday that the Food and Drug Administration has approved a highly effective but considerably cheaper...
Sterling hits lowest in three decades, yen surges as Brexit stuns markets

By Guy Faulconbridge and Kate Holton and Andy Bruce and William Schomberg and Philip Blenkinsop and Padraic Halpin and Alastair Macdonald and Ian Chua and Hideyuki Sano, Reuters

SYDNEY/TOKYO (Reuters) - Sterling suffered its most volatile session in living memory and hit its lowest level since the 1985 Plaza Accord as Britain voted to leave the European Union, triggering a...
Amazon Prime Is Driving a Boom in Warehouses

By David Randall, Reuters

NEW YORK (Reuters) - With Amazon and other e-commerce sites continuing to take market share from malls and other physical retailers, U.S. mutual fund managers are upping their bets on an overlooked...
Elon Musk: Tesla Could Be Worth $1 Trillion

By Supantha Mukherjee and Narottam Medhora and Paul Lienert, Reuters

Tesla Motors Inc (TSLA.O) Chief Executive Officer Elon Musk said on Wednesday that the proposed acquisition of SolarCity Corp (SCTY.O) could eventually push the electric car maker's valuation to $1...
Apple Is Making a Big Change to Its iPhone Design Cycle

By Kif Leswing , Business Insider

The new iPhone coming out this fall is going to look a lot like the iPhones currently on sale. Apple is moving away from its traditional two-year upgrade cycle, in which a complete redesign of the...

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