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Trump tax plan billed as 'largest tax reform' in US history

Stephen Ohlemacher and Josh Boak, Associated Press  |  Posted   Apr 26th - 7:32am

President Donald Trump is proposing "the biggest tax cut" ever even as the government struggles with mounting debt, in an effort to fulfill promises of bringing jobs and prosperity to the middle class.

Higher prices help sales as PepsiCo works to adapt brands

The Associated Press  |  Posted   Apr 26th - 7:22am

Higher prices helped lift PepsiCo's sales in the first quarter, as the maker of Doritos, Gatorade and Quaker worked on transforming its lineup of products to keep up with changing tastes.

Fiat Chrysler profit up more than a third as Europe improves

The Associated Press  |  Posted   Apr 26th - 7:05am

Carmaker Fiat Chrysler Automobiles reported Wednesday that its first-quarter earnings rose by more than a third mainly due to an improved performance in Europe and by its luxury Maserati brand.

The Latest: Treasury chief cites 'largest tax reform' ever

The Associated Press  |  Posted   Apr 26th - 7:03am

The Latest on President Donald Trump's tax overhaul (all times EDT):

Romania: hundreds of taxis, buses protest against Uber

The Associated Press  |  Posted   Apr 26th - 6:52am

Hundreds of taxi and bus drivers protested outside Romania's government offices on Wednesday to demand that Uber and other online ride service be outlawed.

EU expresses hope of Greek bailout cash payment soon

The Associated Press  |  Posted   Apr 26th - 6:50am

The European Union's head office says Greece is delivering on its fiscal targets and that an agreement to hand more bailout cash to Athens could come next month.

The Latest: Turkey says its border posts hit by Syria fire

The Associated Press  |  Posted   Apr 26th - 6:45am

The Latest on Syria (all times local):

Treasury Secretary Mnuchin says Trump to propose 'biggest tax cut' and 'largest tax reform in US history'

The Associated Press  |  Posted   Apr 26th - 6:40am

Treasury Secretary Mnuchin says Trump to propose 'biggest tax cut' and 'largest tax reform in US history'

Trump tweets don't help: 1st Twitter revenue drop since IPO

Barbara Ortutay, Associated Press  |  Posted   Apr 26th - 6:33am

You'd think Twitter would be able to milk its status as President Donald Trump's megaphone. But the company still faces stagnant user growth, has never made a profit and even reported a quarterly revenue decline Wednesday, a first since going public.

GSK warns of impact from generic drugs after solid Q1

The Associated Press  |  Posted   Apr 26th - 6:33am

GlaxoSmithKline says new products helped first-quarter sales rise 17 percent from the year before but warned that competition from generic drugs may weigh on earnings later this year.

TVA to eliminate handguns from nuclear power plant security

The Associated Press  |  Posted   Apr 26th - 6:30am

Tennessee Valley Authority security officers at nuclear power plants will soon be prohibited from carrying handguns.

Reports of dog attacks interrupt Connecticut mail service

The Associated Press  |  Posted   Apr 26th - 6:00am

Some residents of a Connecticut neighborhood aren't receiving their mail at home anymore because a local dog is reportedly biting the mailmen.

Boeing beats 1Q profit forecasts

The Associated Press  |  Posted   Apr 26th - 5:50am

Boeing Co. is reporting a first-quarter profit of $1.45 billion.

Illinois board to consider Hastert's state lawmaker pension

The Associated Press  |  Posted   Apr 26th - 5:50am

Illinois officials are poised to consider the status of the pension Dennis Hastert receives for the time the imprisoned former U.S. house speaker served in the state's General Assembly.

Twitter reports 1Q loss

The Associated Press  |  Posted   Apr 26th - 5:43am

Twitter Inc. is reporting a loss of $61.6 million in its first quarter.

Italy prepares bridge loan to keep Alitalia flying

The Associated Press  |  Posted   Apr 26th - 5:33am

Italy's economic development minister says that failing airline Alitalia will receive a government bridge loan to keep it operational while a new owner is sought.

As Dubai focuses on future, cybersecurity a growing concern

Jon Gambrell, Associated Press  |  Posted   Apr 26th - 5:02am

As Dubai races toward a future of self-driving cars and drones filling up its high-rise-studded skyline, cybersecurity is becoming a growing concern in a region replete with examples of cyberattacks.

Germany raises 2017 growth forecast to 1.5 percent

The Associated Press  |  Posted   Apr 26th - 4:51am

The German government slightly raised its growth forecast this year for the country's economy, Europe's biggest, to 1.5 percent on Wednesday. It predicted that the economy will expand by 1.6 percent in 2018.

UAE's first solar-powered gas station opens in Dubai

The Associated Press  |  Posted   Apr 26th - 4:50am

A government oil company in the United Arab Emirates says it has opened the country's first solar-powered gas station in Dubai.