US Business News

Boston Scientific Recalls Lotus Heart Valve Replacement Device

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Boston Scientific said it voluntarily recalled all of its Lotus Valve heart devices from commercial and clinical sites because of manufacturing defects.

Border-Adjustment Tax Divides Energy Sector

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The proposal could benefit companies that export fuel products or sell domestic crude by making imported oil more expensive, but it also could hurt companies that must import crude from other countries.

Immigrant Crackdown Worries Food and Construction Industries

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U.S. companies are girding for fallout from the Trump administration’s moves to tighten immigration enforcement, with farmers, food companies and builders among those bracing for possible deportations of workers that some fear could leave businesses short-staffed.

Companies Seek to Sway Trump Administration on FTC Choice

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The top candidates for FTC chairman are Utah attorney general Sean Reyes, who favors greater scrutiny of Google, and current acting Chairman Maureen Ohlhausen, a veteran official of the consumer-protection agency.

Treasury Secretary Steven Mnuchin Sees Tax Overhaul by August

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Treasury Secretary Steven Mnuchin laid out ambitious goals to secure a tax-code overhaul by August and to deliver economic growth at rates not seen in more than a decade in his first interview in his new job.

Glencore Returns to Profit on Commodities Boom

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Glencore rode a wave of surging commodity prices in 2016 to return to a profit of $1.4 billion, marking a head-snapping turnaround for a miner that faced an investor revolt just 18 months ago.

Norwegian Air Announces New U.S. Trans-Atlantic Flights Costing From $65

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European budget carrier Norwegian Air Shuttle said it would begin flying single-aisle planes nonstop from the U.S. to Europe starting in June bringing direct trans-Atlantic flights to a new range of East Coast cities not typically served by such links. The airline is promising fares as low as $65.

IRS Audits of Individuals Drop for Fifth Straight Year

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U.S. tax audits of individuals declined for the fifth straight year in 2016 and reached the lowest level since 2003, according to preliminary Internal Revenue Service data released on Wednesday.

U.S. January Home Sales Reach Highest Level in a Decade

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U.S. home sales rose in January to the highest level since February 2007.

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