Senate Republicans toss potential Obamacare bomb into tax bill
The plan released Tuesday night by Senate Republicans mixes two red-hot debates by adding a repeal of the Obamacare law’s individual mandate to their tax legislation.
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Brookfield bids $14.8B to acquire rest of Simon mall rival GGP
GGP, formerly known as General Growth Properties, is the second-largest shopping mall company behind Indianapolis-based Simon Property Group. Simon tried to acquire GGP in 2010.
Senate tax bill cuts 401(k) catch-up funding for some workers
The Senate tax proposal released Thursday would restrict employees earning at least $500,000 from making so-called "catch-up" contributions to 401(k) workplace retirement plans.
Trump expected to name ex-Lilly exec to lead Health & Human Services
Alex Azar, who ran U.S. operations for Eli Lilly before leaving in January, would be the administration’s point person on running—or dismantling—Obamacare.
Humana cutting 2,700 jobs amid uncertainty in health care
Louisville-based Humana Inc. plans to eliminate the jobs through a combination of about 1,500 layoffs and 1,200 buyouts for senior employees.
Get ready for GMO fruit as modified apples head to Midwest
The first commercial harvest of GMO golden delicious apples will be going from Washington state orchards to around 400 Midwestern grocery stores in early November.
Long lines are back at Apple retail sites for iPhone X
This year, Apple has marketed the iPhone X heavily, and new features like facial recognition and the edge-to-edge screen are stoking demand.
American drug deaths skyrocketed in 2016, new report shows
The rate of deaths increased slightly in every quarter of 2016, indicating an accelerating epidemic. That crisis has been driven by opioid abuse.
Powell pledges to pursue Fed’s employment, inflation goals
Jerome Powell, President Donald Trump’s pick to lead the Federal Reserve, pledged to pursue the U.S. central bank’s goals of stable prices and maximum employment while keeping a watchful eye on financial sector risks.
House tax-reform bill contains major changes for businesses, individuals
The bill would cap the mortgage-interest deductions on pricier homes, but includes no changes to popular 401(k) retirement plans. It’s not expected to repeal the Obamacare individual mandate. It would cut individual tax rates for millions of Americans, but not for earners at the very top.
Trump to pick Powell as Federal Reserve chairman, sources say
Trump, who has said he’ll announce his pick Thursday, would be choosing a former private-equity executive who favors continuing gradual interest-rate increases and sympathizes with White House calls to ease financial regulations.
Papa John’s blames NFL ‘debacle’ for hurting its pizza sales
Papa John’s International Inc. founder John Schnatter is going after NFL Commissioner Roger Goodell, saying weak handling of the league’s national-anthem controversy has hammered sales of his pizza.
Trump-Russia collusion probe intensifies as three are charged
The federal investigation into whether President Donald Trump’s campaign colluded with Russia took a major turn Monday when authorities revealed that three people were charged with crimes ranging from money laundering and tax evasion to lying to the FBI.
Aetna shares surge after reports of $66B offer from CVS
A deal would create a health-services giant and a bigger competitor for UnitedHealth Group Inc., which is the largest U.S. health insurer and has its own own clinics and a pharmacy-benefits unit.
FCC chairman moves to end TV-newspaper ownership ban
The chairman of the Federal Communications Commission said he’ll move to weaken or kill local media ownership restrictions next month, potentially clearing the way for more consolidation among companies that own TV and radio stations.
Trump wants to make mark on Fed, but could keep ‘terrific’ Yellen
President Donald Trump said he’s narrowed his Federal Reserve decision to “two and maybe three people” and an announcement will come in a “very short period of time.”
Regal Cinemas plan would let you pay less for flops, more for hits
Regal Entertainment Group is testing demand-based pricing for movies, a big change for an industry that typically uses a one-size-fits-all approach.
Sears stops selling Whirlpool, ending 100-year partnership
The struggling national retailer will no longer carry Whirlpool brands, including Maytag, KitchenAid and Jenn-Air, following a pricing disagreement.
Trump rejects idea of new caps on 401(k) savings in tax plan
President Donald Trump on Monday shot down reports that House Republicans were considering tweaking or capping one of the most popular breaks.
Anthem breaks with Express Scripts, to start own drug plan with CVS
Indianapolis-based insurer Anthem Inc. said it will set up its own pharmacy benefits management unit, signaling a final break with Express Scripts Holding Co. after the health insurer accused Express of overcharging it by billions of dollars.