Money & Markets

FILE - In this March 15, 2017, file photo, a sign marks a pick-up point for the Uber car service at LaGuardia Airport in New York. Uber is coming clean about its cover-up of a year-old hacking attack that stole personal information about more than 57 million of the beleaguered ride-hailing service's customers and drivers. The revelation Tuesday marks the latest stain on Uber's reputation. (AP Photo/Seth Wenig, File)

Uber reveals cover-up of hack affecting 57M riders, drivers

SAN FRANCISCO — Uber is coming clean about its cover-up of a year-old hacking attack that stole personal information about more than 57 million of the beleaguered ride-hailing service's customers and drivers. So far, there's no evidence that the data taken has been misused, according to a ...

AT&T suit may herald a new antitrust era

NEW YORK — The Trump administration's decision to oppose the $85 billion AT&T-Time Warner merger may be clouded by suspicions of political influence. But considered on its merits, it could mark a significant departure in antitrust policy, one that might block or modify a broader set of ...

Justice Dept. sues to stop AT&T’s $85B Time Warner deal

NEW YORK — The Justice Department is suing AT&T to stop its $85 billion purchase of Time Warner, setting the stage for an epic legal battle with the telecom giant. It could also create a new headache for President Donald Trump, whose public statements have raised suspicions that he ...

Sen. Ron Wyden, D-Ore., left, the top Democrat on the Senate Finance Committee, criticizes the Republican tax reform plan while Chairman Orrin Hatch, R-Utah, listens to his opening statement as the panel begins work overhauling the nation's tax code, on Capitol Hill in Washington, Monday, Nov. 13, 2017. The legislation in the House and Senate carries high political stakes for President Donald Trump and Republican leaders in Congress, who view passage of tax cuts as critical to the GOP's success at the polls next year. (AP Photo/J. Scott Applewhite)

Bipartisan analysis: Senate bill would hike taxes for 13.8M

WASHINGTON — Promoted as needed relief for the middle class, the Senate Republican tax overhaul actually would increase taxes for some 13.8 million moderate-income American households, a bipartisan analysis showed Monday. The assessment by Congress' Joint Committee on Taxation emerged as ...

Lawsuit seeks new recourse on for-profit college fraud

WASHINGTON — Two women who claim they were defrauded by a for-profit college have sued the Education Department and a private loan servicer in a case their attorneys say could provide a new legal remedy for tens of thousands of students frustrated with the department's inaction on claims ...

FILE - This Thursday, July 27, 2017, file photo shows an AT&T logo at a store in Hialeah, Fla. AT&T now says it’s “uncertain” when its $85 billion Time Warner purchase will close. AT&T had maintained that the deal would be done by the end of 2017. (AP Photo/Alan Diaz, File)

Will it be AT&T vs the government in $85B Time Warner deal?

NEW YORK — AT&T's pending acquisition of Time Warner, an $85 billion media deal that could shake up how Americans watch TV, is being held up by the government. That's raising red flags for some who worry that the White House is trying to put pressure on CNN, the news network owned by Time ...

GOP blocks Dem efforts to boost tax benefits for parents

WASHINGTON — House Republicans on Tuesday blocked Democratic efforts to secure bigger tax benefits for parents' costs of raising or adopting children, as they drove toward wrapping up their tax overhaul by week's end. The daylong debate by the Ways and Means Committee came as the Senate's ...

This Sept. 16, 2017 photo provided by Brianne Bueno shows the home of Beatrice and Dominique Gerard, which was damaged by flooding during Hurricane Harvey In Angleton, Texas. Bueno, Gerards' granddaughter, helped organize a raffle on Facebook in which her family gave away two World Series tickets they had bought in order to raise money to help repair the Gerard's home. The fundraising effort which collected about $10,000, was one example of the economic boost the Astros' run to a World Series championship provided to local families and businesses in the wake of Harvey. (Brianne Bueno via AP)

Houston family, businesses benefit from World Series run

HOUSTON — The Houston Astros' victorious World Series run has not only given an emotional boost to a city still recovering from Hurricane Harvey. It has provided an economic lift as well. And for one Houston family, the journey to a championship provided them with a way to financially help ...

FILE - In this Feb. 16, 2017 file photo, a Norfolk Southern coal train runs through Kermit, WV. Norfolk Southern Railway must replace millions of defective wooden railroad ties on its tracks because they're degrading faster than expected, the company said in a federal lawsuit filed in October 2017 in U.S. District Court in Alabama. Norfolk Southern Railway blames an Alabama company that produced its railroad ties of failing to use proper protective coating on more than 4.7 million of them. (AP Photo/Michael Virtanen, File)

Railroad sues over millions of rail ties it calls defective

ATLANTA — One of the nation's largest railroads must replace millions of defective wooden railroad ties on its tracks because they're degrading faster than expected, the company said in a federal lawsuit. Norfolk Southern Railway blames an Alabama company that produced its railroad ties of ...

Puerto Rico utility moves to scrap $300M Whitefish contract

SAN JUAN, Puerto Rico — The head of Puerto Rico's power company said Sunday the agency is cancelling its $300 million contract with Whitefish Energy Holdings amid scrutiny of the tiny Montana company's role in restoring the island's power system. The announcement by Ricardo Ramos came ...

Trump, GOP at odds over using 401(k)s to pay for tax cuts

WASHINGTON ­ — President Donald Trump and Republicans were at odds on Wednesday over changing the 401(k) retirement program to help finance tax cuts, with the president insisting the middle-class favorite will remain untouched and lawmakers open to revisions. Rep. Kevin Brady, the chairman ...

Senate GOP moves to repeal consumer rule

WASHINGTON — The Republican-led Senate narrowly voted Tuesday to repeal a banking rule that would let consumers band together to sue their bank or credit card company to resolve financial disputes. Vice President Mike Pence cast the final vote to break a 50-50 tie. The banking industry had ...

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

NEW YORK — The 401(k) may be in Washington's crosshairs. Congress is looking for ways to raise revenue as part of a tax overhaul plan, and one of the methods reportedly under consideration is to curtail how much pretax money workers can contribute to their 401(k) and similar accounts. Such ...

FILE - In this Monday, Oct. 16, 2017, file photo, workers install a #VegasStrong banner on the Mandalay Bay hotel and casino in Las Vegas. Stephen Paddock opened fire from the hotel on an outdoor country music concert, killing 58 and injuring hundreds. Las Vegas' efforts to rebrand itself since the shooting show just how difficult it can be for organizations to hit the right tone after a deeply tragic event. The city put its famous "What happens here, stays here" slogan on hold, and its initial ad campaign after the attack won praise for its sensitivity. But a national TV commercial that features real social media posts from after the shooting is getting more mixed reviews, with some calling it tacky.(AP Photo/John Locher, File)

Vegas rebranding shows difficulty of messaging

LAS VEGAS — As volunteers streamed in to donate blood, doctors tended to the wounded and investigators scoured the scene of the deadliest mass shooting in modern U.S. history, Las Vegas tourism officials moved quickly to protect their valuable franchise in a city where branding is ...

Corporations to keep tax break lost by millions of Americans

WASHINGTON — Millions of Americans would lose a prized tax break under President Donald Trump's sweeping revamp of the tax code, but corporations would get to keep it. The Republican proposal would eliminate the federal deduction for state and local taxes, a widely popular break used by ...

Sen. Patty Murray, D-Wash., accompanied by Sen. Bernie Sanders, I-Vt., left, and Senate Minority Leader Sen. Chuck Schumer of N.Y., right, speaks to reporters on Capitol Hill in Washington, Tuesday, Oct. 17, 2017, after she and Sen. Lamar Alexander, R-Tenn., say they have the "basic outlines" of a bipartisan deal to resume payments to health insurers that President Donald Trump has blocked. (AP Photo/Andrew Harnik)

A short-term health deal by senators

WASHINGTON — Republican and Democratic senators joined in announcing a plan Tuesday aimed at stabilizing America's health insurance markets in the wake of President Donald Trump's order to terminate "Obamacare" subsidies. The president, at first, spoke approvingly of the deal, but as ...

Iowa farmers lack market for oats despite large cereal plant

DES MOINES, Iowa — Once the nation's leading oats producer, Iowa growers now struggle to find markets for the crop. That's the dilemma Earl Canfield faced three years ago: He had about 3,000 bushels of oats, but no place to sell them profitably. Quaker Oats in Cedar Rapids, the world's ...

Yellen sounds upbeat on economy

WASHINGTON — Federal Reserve Chair Janet Yellen on Sunday sketched a bright outlook for the U.S. economy and for inflation prospects in coming months, saying the impact of the recent hurricanes will likely slow economic growth slightly but only temporarily and should be followed by a rebound ...

House Speaker Paul Ryan of Wis., holds up a copy of a proposed "simple tax" postcard while speaking at the Heritage Foundation in Washington, Thursday, Oct. 12, 2017. (AP Photo/Susan Walsh)

Ryan blasts states that send billions to federal government

WASHINGTON — The top House Republican on Thursday blasted high-tax states that deliver billions to the federal government as he faced a backlash from rank-and-file GOP lawmakers over a sweeping tax-cut proposal. But beyond the tough rhetoric from Speaker Paul Ryan, disgruntled lawmakers ...

US demands raise fears that leaving NAFTA could hurt the economy

WASHINGTON — The North American Free Trade Agreement is in its 23rd year. But there are growing doubts that it will survive through its 24th. President Donald Trump has threatened to withdraw from the agreement if he can't get what he wants in a renegotiation. But what he wants — from ...