Trump Commerce nominee Ross to sell private equity firm stakeWilbur Ross, President-elect Donald Trump's nominee for Commerce Secretary, has pledged to sell his stake in his main private equity firm and resign from corporate boards but will keep his interests in mortgage lending and shipping. In an ethics agreement published on Tuesday, the billionaire investor vowed to sell shares in Invesco Ltd , the parent company of W.L. Ross & Co, valued at up to $50 million. The federal disclosure forms for presidential appointees allow asset values to be listed in wide ranges with a maximum threshold of "over $50 million".
Interior nominee Zinke disputes Trump on climate change
Donald Trump's choice to head the Interior Department on Tuesday rejected the president-elect's claim that climate change is a hoax, saying it is indisputable that environmental changes are affecting the ...
The Latest: Senator bemoans lack of ethics review for DeVos
United Airlines 4Q profit drops 52 percent to $397 million
Lower average fares and higher labor costs led to a 52 percent drop in fourth-quarter profit at United Airlines, but sadly for passengers those lower prices may soon be a memory. The amount that the average ...
US judge OKs plan for Caesars' unit to exit $18B bankruptcy
CHICAGO (AP) ? A federal judge gave the thumbs-up Tuesday to a plan to reorganize a subsidiary of casino giant Caesars Entertainment Corp., clearing the way for the operating unit to exit bankruptcy two years after filing for Chapter 11 protection with $18 billion in debt.
Bill would let woman sue doctors who perform their abortions
In Davos, Xi makes case for Chinese leadership role
Chinese President Xi Jinping offered a vigorous defense of globalization on Tuesday, pushing back against the "America First" rhetoric of incoming U.S. president Donald Trump and signaling Beijing's desire to play a bigger role on the global stage. Xi's speech to political leaders, CEOs and bankers at the World Economic Forum in Davos was a first by a Chinese leader and marked a possible shift in the global political landscape as western democracies struggle with the rise of populist nationalism. China, a one-party communist state that maintains tough restrictions on foreign investment, would seem an unlikely champion of free markets at an event that has become synonymous with global capitalism.
Orlando shooter's wife charged in relation to attack
The widow of Orlando nightclub shooter Omar Mateen was formally charged Tuesday with a terror-related offense and obstruction of justice in connection with the attack. The two-count indictment states that Noor Salman, who was arrested Monday in northern California, aided and abetted her husband's attempt to provide material support to a foreign terrorist organization, namely the Islamic State group. The 30-year-old is also charged with obstruction of justice for allegedly misleading local police in Florida and the Federal Bureau of Investigation on information relating to the attack.
Texas, 13 other states sue to block Obama coal mining ruleTexas and 13 other states have asked a federal court to block final rules from President Barack Obama's administration designed to reduce coal mining's impact on streams. Texas Attorney General Ken Paxton ...
Even as Knicks tumble again, Carmelo wants to be in New York