The Senate tax-writing committee continues hammering out the details of its tax cut proposal on Tuesday, while the House may vote on its bill as soon as Thursday. Here are the latest developments, updated throughout the day:Plan Revisions Coming Later Tuesday, Hatch Says (9:36 a.m.)Senate Finance Committee Chairman Orrin Hatch said his “modified mark” isn’t…
IBM will pay $190 per share for the software company, which it described as the world's leading provider of open source cloud software, a more than 60% premium to Red Hat's closing stock price of $116.68 on Friday. Shares traded upwards of $175 in June, but disappointing earnings combined with a volatile market had seen…
Image copyright EPA Image caption Russia denies building missiles that violate the accord The US will withdraw from a landmark nuclear weapons treaty with Russia, President Donald Trump has confirmed.Speaking to reporters, Mr Trump said Russia had "violated" the 1987 Intermediate-Range Nuclear Forces (INF) treaty.The deal banned ground-launched medium-range missiles, with a range of between…
WASHINGTON — Canada’s foreign minister cut short a trip to Europe and rushed to Washington on Tuesday as President Trump’s top trade advisers reiterated that the United States is prepared to leave Canada out of a revised North American Free Trade Agreement with Mexico. Touting the agreement with Mexico as a major win, Trump administration…
WHAT IS THE biggest problem facing America? Or Japan? Or Britain? Or France? Opinions vary, naturally, but some worries crop up again and again. Those of a materialist bent point to decades of slow growth in median incomes, which has bred disillusion and anger among working people. Fiscal hawks decry huge public debts, destined to…
Media playback is unsupported on your device Media captionDevastation as Michael makes landfall The most powerful hurricane ever to hit north-west Florida has flooded beach towns, submerging homes and snapping trees like twigs.Hurricane Michael made landfall on Wednesday afternoon as a category three storm with 125mph (200km/h) winds in the state's Panhandle region.One person was…
REDMOND, Wash. — Microsoft said Friday that it would sell the military and intelligence agencies whatever advanced technologies they needed “to build a strong defense,” just months after Google told the Pentagon it would refuse to provide artificial intelligence products that could build more accurate drones or compete with China for next-generation weapons. The announcement,…
Federal authorities investigating a spate of pipe bombs sent this week to several prominent critics of President Trump have turned their attention toward southern Florida, believing that a number of the explosive devices were mailed from the area, two people briefed on the matter said Thursday. The focus on Florida came as law-enforcement officials around…
print-edition icon Print edition | Finance and economics Sep 1st 2018 | NEW YORK THE document is dry, dusted with references to “benchmarks”, “performance evaluation” and “a metric-based framework”. But the 25 pages published on August 28th by the Office of the Comptroller of the Currency (OCC), one of America’s federal bank regulators, may start…
WASHINGTON — Democratic efforts to highlight sexual assault charges that are more than 30 years old have been dismissed by supporters of Judge Brett M. Kavanaugh as the dredgings of ancient history. But the judge’s response to those accusations has raised new issues that go to the core of who President Trump’s Supreme Court nominee…
