Business Highlights
___ Sell-off in industrial, tech stocks sends Dow down 400 NEW YORK (AP) — After a strong start, U.S. stocks abruptly sold off Tuesday after machinery maker Caterpillar said it doesn't expect to top its first-quarter profit for the rest of the year.
EPA security chief also worked for owner of tabloid company
The security chief for the head of the Environmental Protection Agency has been operating an outside consulting firm without proper approval from ethics officials, Democratic lawmakers said Tuesday.
Markets Right Now: Big tech, industrials lead stocks lower
The latest on developments in financial markets (all times local): 9:35 a.m.
Southwest has been faced with fines, union safety complaints
Southwest Airlines runs its planes hard.
Caterpillar 1Q profit surges on equipment sales
A boost in equipment sales propelled Caterpillar's first-quarter profit, as a strong global economy helped support construction and energy industry projects.
Trump's tariffs risk jobs and profits in working-class areas
President Donald Trump's escalating dispute with China over trade and technology is threatening jobs and profits in working-class communities where his "America First" agenda hit home.
Power-sucking Bitcoin 'mines' spark backlash
Bitcoin "miners" who use rows of computers whirring at the same time to produce virtual currencies began taking root along New York's northern border a couple of years ago to tap into some of the nation's cheapest hydroelectric power, offering an air of Silicon Valley sophistication to this often-snowy region.
United Airlines CEO did not get a bonus last year
United Airlines CEO Oscar Munoz, who was criticized for his initial response to a passenger being violently dragged off a plane, says he gave up his 2017 bonus.
Kushner plans to build twin-towers in New Jersey unraveling
Plans for a twin-tower residential building in New Jersey championed by Jared Kushner are in danger of falling apart as his family's real estate company threatens legal action against a city that it says ended negotiations for no good reason.
Taiwan company plans $9.4B chemical complex in Louisiana
A company based in Taiwan has bought a 2,400-acre (970-hectare) site in Louisiana for a planned $9.4 billion chemical manufacturing complex .
Trump steel tariff won’t hurt company with India supply, CEO says
JSW Steel USA CEO John Hritz said Monday that the company is not concerned about the impact of Trump administration tariffs.
Colorado Supreme Court upholds tax hike for transit, culture
The Colorado Supreme Court on Monday upheld the constitutionality of a state law that added sales taxes to some items to benefit public transportation and cultural groups in metropolitan Denver without voter approval.
French train workers occupy building, protesting reforms
Striking French train workers have occupied a building in a surprise protest against President Emmanuel Macron's changes to the state-run rail company.
Trump likes coal, but that doesn't mean he's hostile to wind
President Donald Trump has courted coal miners and cast doubt on whether fossils fuel contribute to climate change, but that hasn't translated into hostility for renewable energy — particularly offshore wind.
Korean Air heiresses to resign as smuggle probe widens
Korean Air Lines says its chairman's two daughters have resigned from their executive positions amid mounting public criticism over the women's behavior.
European regulators tighten order for jet fan blade tests
The European Aviation Safety Agency has tightened a nearly month-old directive ordering inspections of some fan blades in engines like those used on a Southwest Airlines jet involved in a fatal accident.
Southwest cancels flights over engine inspections
The manufacturer of the jet engine that blew apart at 32,000 feet in a deadly accident aboard a Southwest Airlines flight wants more jets to be inspected for potential problems.
The Latest: FAA orders inspections of more jet engines
The Latest on the plane that made an emergency landing in Philadelphia (all times local): 4:47 p.m.
Mattel and Stanley Black & Decker skid while GE jumps
Stocks that moved substantially or traded heavily on Friday: General Electric Co., up 55 cents to $14.54
Southwest sends apology, $5K, to passengers on damaged jet
Southwest Airlines has sent a letter of apology and is offering compensation to passengers who were on a flight earlier this week that made an emergency landing following an engine explosion.












