Toshiba picks Japan government-Bain group to buy chip unit, big hurdles remain Toshiba Corp (6502.T) has chosen a consortium of Japanese government investors and Bain Capital as the preferred bidder for its chip business, aiming to seal a deal worth some $18 billion by next week as it scrambles for […]
Oil slump spooks investors, China stocks underwhelmed by MSCI A renewed slump in oil prices to seven-month lows put Asian investors on edge on Wednesday, overshadowing a decision by U.S. index provider MSCI to add mainland Chinese stocks to one of its popular benchmarks. The slide in energy costs boosted […]
Former Credit, Prepaid-Card Executive to Lead U.S. Student Loan Program Education Secretary Betsy DeVos on Tuesday tapped a former credit card and prepaid-card executive to lead the U.S. government’s $1.4 trillion student loan program, replacing the chief operating officer who resigned last month. DeVos said her choice, A. Wayne Johnson, […]
Justice Dept. to Work With 12 Cities to Fight Violent Crime The Justice Department will form partnerships with a dozen cities across the country to help them fight gun crime, drug trafficking and gang violence, Attorney General Jeff Sessions said Tuesday. Under the program — the Trump administration’s latest move […]
Paul Ryan Fights the Bush Legacy on Taxes In June 2001, George W. Bush signed into law a measure that would become a central part of his economic legacy: a $1.3 trillion package of tax cuts that reduced income rates across the board. The legislation fulfilled a key Bush campaign […]
A look at Illinois budget mess as lawmakers head to Capitol Already holding the title for longest state budget stalemate, Illinois is poised to enter a third year without a spending plan as the feud between Republican Gov. Bruce Rauner and Democrats controlling the Legislature drags on. Lawmakers blew past […]
Saudi king upends royal succession, names son as 1st heir Saudi Arabia’s King Salman on Wednesday appointed his 31-year-old son Mohammed bin Salman as crown prince, placing him firmly as first-in-line to the throne and removing the country’s counterterrorism czar and a figure well-known to Washington from the royal line […]
Donald Trump had the absolute worst week in Washington Donald Trump hasn’t had a lot of good weeks since being sworn in as the 45th president of the United States. But this was his worst one yet. This was the week the investigation of Russia’s involvement in the 2016 election […]
Suspect fatally shot in Brussels Central Station terror attack Suspect fatally shot in Brussels Central Station terror attack:- A suspect was fatally shot at Brussels Central Station Tuesday after a failed bombing that Belgian authorities are calling a terrorist attack. A “small explosion” went off in the transportation hub around […]
GOP hits the gas on ObamaCare repeal GOP hits the gas on ObamaCare repeal:- Senate Majority Leader Mitch McConnell (R-Ky.) on Tuesday formally set an ambitious schedule for his conference to repeal and replace ObamaCare, promising his members will get draft legislation on Thursday with a floor vote next week. […]
