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Exclusive: White House eying executive order targeting ‘conflict minerals’ rule – sources

By Sarah N. Lynch and Emily Stephenson WASHINGTON (Reuters) – President Donald Trump is planning to issue an executive order targeting a controversial Dodd-Frank rule that requires companies to disclose whether their products contain “conflict minerals” from a war-torn part of Africa, according to sources familiar with the administration's thinking. The plan for the executive order comes on the heels of another order issued by the White House last week that takes aim more broadly at the

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Exclusive: White House eying executive order targeting ‘conflict minerals’ rule – sources

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U.S. job growth accelerates in January, but wages lag

U.S. job growth surged more than expected in January as construction firms and retailers ramped up hiring, but wages barely rose, handing the Trump administration both a head start and a challenge as

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U.S. job growth accelerates in January, but wages lag

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U.S. business leaders express concerns to Trump about travel ban

By Emily Stephenson and David Shepardson WASHINGTON (Reuters) – Chief executives of major U.S. companies huddled with President Donald Trump at the White House on Friday and some of them expressed concern about a travel ban on people from seven Muslim-majority countries traveling to

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U.S. business leaders express concerns to Trump about travel ban

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Obama to seek new tax on oil in budget proposal

U.S. President Barack Obama will propose a $10-a-barrel fee on oil in his budget plan next week, as the White House seeks to boost the nation's investments in clean transportation projects, the White House said on Thursday. The fee, which would be paid by oil companies, is likely to fall flat in the Republican-controlled Congress. In the last year of his presidency, Obama has said the country must stop subsidizing the “dirty” fossil fuels of the past and focus on…

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Obama to seek new tax on oil in budget proposal

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Norfolk Southern hostile to Canadian Pacific’s $28.4 billion bid

While Norfolk Southern said it would carefully evaluate the offer, its sour response represents a setback to Canadian Pacific as well as its largest shareholder, William Ackman's activist hedge fund Pershing Square Capital Management LP. Ackman, a big advocate of consolidation in the North American railway sector, recruited Hunter Harrison, who had previously been chief executive officer of Canadian National Railway Co , as CEO of Canadian Pacific in 2012. In a statement earlier on Tuesday announcing its offer to Norfolk Southern, …

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Norfolk Southern hostile to Canadian Pacific’s $28.4 billion bid

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White House threatens veto of rule-based monetary policy bill

By Jason Lange WASHINGTON (Reuters) – The White House on Tuesday issued a veto threat for a Republican-backed bill to make the Federal Reserve set interest rate policy using a mathematical rule, a proposal Fed Chair Janet Yellen said would “severely damage” the U.S. economy. The Obama administration opposes the proposal because it would hinder the Fed's ability to help the economy, the White House said in a statement. Lawmakers in the U…

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White House threatens veto of rule-based monetary policy bill