Business Highlights
WASHINGTON (AP) — President Barack Obama on Tuesday unveiled a record $4.1 trillion, election-year budget that finances Democratic priorities like education, health care and climate change with new taxes on crude oil, the wealthy and big banks.
Obama called the budget — his eighth and final one — "a roadmap to a future that embodies America's values and aspirations: a future of opportunity and security for all of our families; a rising standard of living; and a sustainable, peaceful planet for our kids."
The network's troubles are a bellwether for one of TV's biggest challenges: the ever-increasing cost of sports rights and whether consumers want to keep footing the bill.
The market's bumpy ride followed a slide in European stock indexes and steep losses in Japan, reflecting mounting investor anxiety that the global economy is slowing.
The U.S. Energy Information Administration said in its monthly short-term energy outlook that regular gasoline will average $1.98 a gallon nationwide in 2016.
The world's largest beverage maker said Tuesday that worldwide unit case volume for soda, which reflects average daily sales, rose 2 percent in the final three months of last year.
(AP) — Alpha Natural Resources said it has received a $500 million offer from existing lenders for the potential sale of the bankrupt coal producer's core assets.
Alpha filed for Chapter 11 bankruptcy in August.
Since the filing, the company has announced plans to lay off hundreds of workers in central Appalachia, citing tough market conditions.
FRANKFURT, Germany (AP) — The CEO of Deutsche Bank reassured employees and markets that the company's finances were "rock-solid" as Europe's banks took another a beating in the stock market Tuesday.
CHARLOTTE, N.C. (AP) — NASCAR announced a dramatic overhaul of its business model Tuesday, shifting to a franchise-like system that is intended to provide actual value and financial stability t