Business Highlights
NEW YORK (AP) — President-elect Donald Trump, a political newcomer who touts his corporate skills, turned businessman-in-chief Tuesday, first demanding the government cancel a multibillion-dollar order for new presidential planes and then hailing a Japanese company's commitment to invest billions in the U.S.
The celebrity businessman's declaration about Air Force One caused manufacturer Boeing's stock to drop temporarily and raised fresh questions about how his administration — not to mention his Twitter volleys — could affect the economy.
NEW YORK (AP) — Stocks posted slight gains on Tuesday, sending the Dow Jones industrial average to another record, helped by shares of telecommunications companies such as Verizon, Sprint and AT&T.
Small companies and bank stocks also rose as investors continue to speculate that U.S. economic growth will pick up under the incoming Trump administration.
WASHINGTON (AP) — Alaska Airlines has won government approval to buy rival Virgin America after agreeing to reduce its flight-selling partnership with American Airlines.
NEW YORK (AP) — Ikea's U.S. division is offering longer parental leave to employees who are new parents, following similar overtures from tech companies like Netflix as it strives to keep good workers in an improving job market.
The ready-to-assemble furniture chain said Tuesday it will offer its 13,000 salaried and hourly employees in the U.S. up to four months of paid parental leave.
[...] it may be in a position to offset every megawatt hour of electricity supplied by a power plant running on fossil fuels with renewable energy.
WASHINGTON (AP) — A unanimous Supreme Court on Tuesday upheld a jury verdict that State Farm Fire and Casualty Co. committed fraud against the federal government after 2005's Hurricane Katrina.
Sisters Cori and Kerry Rigsby filed the fraud lawsuit on behalf of the government after they said they witnessed State Farm s