Business
House passes GOP bill to speed pipeline approval
House Republicans pushed through a bill Wednesday to bypass the president to speed approval of the Keystone XL oil pipeline from Canada to Texas. Democrats criticized the legislation as a blatant attempt to allow a foreign company to avoid environmental review. The bill was approved, 241-175, largely along party lines. ...
Talk of lies, pride as Trump case goes to jury
The lawyer for an 87-year-old woman who accuses Donald Trump of cheating her in a skyscraper condo deal told jurors in Chicago on Wednesday that he was personally repulsed because he felt the "Apprentice" star conned his client and lied about it on the witness stand. Plaintiff attorney Shelly Kulwin's ...
Broke no laws, IRS official says - then takes 5th
At the center of a political storm, an Internal Revenue Service supervisor whose agents targeted conservative groups swore Wednesday she did nothing wrong, broke no laws and never lied to Congress. Then she refused to answer lawmakers' further questions, citing her Fifth Amendment right not to incriminate herself. In one ...
HP's 2Q offers hope even as revenue slump deepens
Hewlett-Packard is still scrambling to meet the growing demand for more versatile and less expensive mobile devices as a slump in its personal computer sales deepens, but the company's cost-cutting measures and focus on more profitable areas of technology appear to be easing the pain. The conflicting signs of further ...
Tesla uses stock, note sale to repay government
Tesla Motors, which makes a highly acclaimed $70,000 electric car, has paid off a startup loan from the U.S. government nine years early. The Palo Alto, Calif., company said it wired in a $451.8 million payment to the government on Wednesday. The money, coupled with two prior payments, paid off ...
Stocks fall on news Fed weighed cutting stimulus
The Federal Reserve took financial markets for a ride Wednesday, pushing stock prices up in the morning then sending them down in the afternoon. Prices surged on congressional testimony by Fed Chairman Ben Bernanke early in the day that suggested the central bank would not slow its massive economic stimulus ...
FDA panel backs experimental Merck insomnia drug
A federal panel of medical experts said that an experimental insomnia drug from Merck & Co. Inc. appears safe and effective, despite evidence from company trials that the pill can cause daytime sleepiness and difficulty driving. A majority of Food and Drug Administration panelists voted Wednesday that Merck's sleeping aid, ...
Senators warm to transportation nominee
President Barack Obama's nominee for transportation secretary — Charlotte Mayor Anthony Foxx — received a friendly reception from senators of both parties Wednesday laced with warnings that the nation needs to make a host of transportation improvements with no clear way to pay for them. Foxx told a jammed Senate ...
Key House chairman slams Senate immigration bill
A key House committee chairman on Wednesday sharply criticized a wide-ranging immigration bill just passed by a Senate committee, underscoring the difficulties ahead as the politically volatile measure moves forward in a divided Congress. Separately, a bipartisan House group that has been working behind the scenes to craft its own ...
Target's 1Q profit drops 29 pct on weak sales
Target Corp. reported a 29 percent drop in first-quarter profit as unusually cool spring weather and financial pressures chilled customers' appetite for spending. The company, based in Minneapolis, also on Wednesday cut its annual profit outlook, sending its stock down. Target is the latest in a string of companies including ...
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