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17:57 Major Hurdle for a Tax Code Overhaul: Trump’s Own Field

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16:34 The impossible magic math of Trump’s budget proposal, explained

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16:47 Six critical reactions to keep an eye on during President Trump’s first address to Congress

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15:07 In Trump Budget, More for Military, as His Supporters May Lose Out

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13:58 ‘Much-loved’ giant rabbit found dead after United flight to O’Hare

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Business

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  • Best Buy Defies Retail Doldrums, Posting Higher Sales

    May 25, 2017 11:27 PM 11

    Electronics giant turns its cavernous stores into a way to fend off Amazon Best Buy Co., the electronics giant left for dead a few years ago, is bucking America’s retail slump by turning its cavernous stores from a potential drag on its business into a way to fend off Amazon.com Inc. The company Thursday reported a slight increase in quarterly revenue

  • Trump Officials Offer Differing Views on Tax Plan

    May 25, 2017 10:22 PM 11

    White House budget director, Treasury Secretary comments at odds over tax plan’s accounting WASHINGTON—Senior Trump administration officials split with each other publicly Thursday on a core feature of the president’s tax plan. White House budget director Mick Mulvaney told a Senate committee that the administration’s tax plan doesn’t bank on any revenue

  • Activist Investor’s Pressure Builds on BHP Over Energy

    May 25, 2017 9:58 PM 10

    Hedge fund Elliott Management puts spotlight on the future of the mining giant’s struggling U.S. energy business LONDON—The clash between BHP Billiton Ltd. and activist hedge fund Elliott Management Corp. is narrowing to one issue that could determine the future of the Anglo-Australian mining giant: Should BHP remain in the oil-and-gas business

  • Court rules against Wells Fargo in tax shelter case

    May 25, 2017 9:40 PM 13

    A federal court has ruled against Wells Fargo in a case involving $350 million in foreign tax credits that prosecutors called a tax shelter. Wells Fargo is likely to be liable for a 20 percent penalty of those credits, which would be about $70 million. The case involves a complex product known as Structured Trust Advantaged Repackaged Securities, or STARS

  • Investors Want Saudi Aramco to Untangle Itself from Saudi Arabia—It Won’t Be Easy

    May 25, 2017 3:27 PM 13

    The kingdom is hoping to launch what would be the world’s largest IPO, but first it has to decide whether the oil giant will continue as a de facto arm of the royal family; the camel beauty pageant RUMAH, Saudi Arabia—To understand the deep bonds between Saudi Arabian Oil Co. and the country’s royal family, consider a $55-plus million project the state

  • Gianforte has history of controversial views, hostile comments to journalists

    May 25, 2017 2:10 PM 11

    The Montana Republican congressional candidate cited for allegedly assaulting a reporter on the eve of Thursday night’s special election has a history of minor controversies in the state, as well as comments some have interpreted as threatening toward the press. Technology entrepreneur Greg Gianforte, 56, made national headlines Wednesday night when he allegedly

  • Cigna to Give Each Employee Five Shares of Stock

    May 25, 2017 2:00 PM 10

    The move is aimed at bolstering commitment among its 40,000 employees following the demise of its merger deal with Anthem Cigna Corp. plans to give every employee five shares of stock, an unusual move that the company said was aimed at bolstering employee commitment as it moves ahead after the demise of its merger deal with Anthem Inc. Cigna said the giveaway

  • China’s Lenovo to Reboot After Losing PC Crown to HP

    May 25, 2017 1:17 PM 15

    Lenovo is pressing ctrl, alt, delete in a bid to revive its business HONG KONG—China’s Lenovo Group is shaking up its operations as it seeks to reclaim the title of global leader in personal computers and shore up its smartphone business. For the first time in four years, Lenovo—a company that gained acclaim a decade ago for turning around storied U.S. personal-computer

  • Microsoft Tries to Take On Twitch at Videogame Live-Streaming

    May 25, 2017 1:00 PM 12

    With Mixer, Microsoft is joining Facebook in making a late entry into a hot market dominated by Amazon and Alphabet Microsoft Corp. on Thursday is launching its own videogame live-streaming service called Mixer, setting up yet another battle among some of the biggest names in the technology industry. Despite its long history in videogames, Microsoft

  • Signet Loses Shine as Sales Retreat, Will Sell its Credit Portfolio

    May 25, 2017 12:51 PM 14

    Sales pressured by the later timing of the Mother’s Day holiday Shares of Signet Jewelers Ltd. fell in premarket trading Thursday as the jewelry store operator widely missed quarterly earnings expectations with same-store sales falling 11.5%, pressured by the later timing of the Mother’s Day holiday. The company also said it would outsource its consumer