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Money & Markets

Even with pretax profits, many big companies pay zero US tax

NEW YORK — Just as President Joe Biden is pushing to raise taxes on companies to help pay for his infrastructure plan, a report from a Washington policy group is highlighting how many firms pay zero despite making big pretax profits. More than 50 of the largest U.S. companies paid nothing ...

US looks to keep sectors safe from cyberattacks

WASHINGTON — A top Biden administration official says the government is undertaking a new effort to help electric utilities, water districts and other critical industries protect against potentially damaging cyberattacks. “Our aim is to ensure that control systems serving 50,000 or more ...

Microsoft wins $22 billion deal making headsets for US Army

Microsoft won a nearly $22 billion contract to supply U.S. Army combat troops with its augmented reality headsets. Microsoft and the Army separately announced the deal Wednesday. The technology is based on Microsoft’s HoloLens headsets, which were originally intended for the video game ...

Biden unveils $2T infrastructure package

PITTSBURGH — President Joe Biden outlined a huge $2.3 trillion plan Wednesday to reengineer the nation’s infrastructure in what he billed as “a once in a generation investment in America” that would undo his predecessor’s signature legislative achievement of giant tax cuts for ...

‘Lighting a fuse’: Amazon vote may spark more union pushes

What happens inside a warehouse in Bessemer, Alabama, could have major implications not just for the country’s second-largest employer but the labor movement at large. Organizers are pushing for some 6,000 Amazon workers there to join the Retail, Wholesale and Department Store Union on the ...

Biden boosts offshore wind energy

WASHINGTON — The Biden administration is moving to sharply increase offshore wind energy along the East Coast, saying Monday it is taking initial steps toward approving a huge wind farm off the New Jersey coast as part of an effort to generate electricity for more than 10 million homes ...