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Marco Rubio criticizes the GOP tax bill

Fri, 12/29/2017 - 8:14pm

Forbes Media Chairman Steve Forbes on Sen. Marco Rubio’s (R-FL) claim that the GOP tax plan goes “too far” to help corporations.

Weatherford scraps joint venture, sells a business to Schlumberger

Fri, 12/29/2017 - 8:02pm

U.S. oilfield services company Weatherford International Plc on Friday sold a U.S. oil-well business to rival Schlumberger NV for $430 million, abandoning a planned joint venture. Weatherford has struggled with losses and has been looking to sell units and raise cash to reduce about $7.9 billion in debt. In March, the company agreed to put its North American pressure pumping and well completions operations into a venture with Schlumberger in exchange for $535 million in cash and a 30 percent stake in the resulting business, called OneStim.

Citigroup follows Morgan Stanley, UBS, quits recruiting pact - bank

Fri, 12/29/2017 - 5:54pm

Citigroup Inc became the latest firm on Friday to say it would quit a 14-year-old agreement reached among Wall Street's biggest securities brokerages to not sue each other when a broker switches firms. Morgan Stanley and UBS Group AG's Wealth Management Americas discontinued the agreement, called the "broker protocol," earlier this year. "Similar to others in the industry, Citi has decided to exit the protocol" starting on Jan. 8, said Citi spokesman Drew Benson.

State Department releases Huma Abedin’s emails

Fri, 12/29/2017 - 5:28pm

Judicial Watch President Chris Farrell on the State Department releasing Huma Abedin’s emails from Anthony Weiner’s laptop.

How Safe Is Praxair's Dividend?

Fri, 12/29/2017 - 4:33pm

With a planned merger coming, some worry that the almost-Dividend Aristocrat could change its dividend practices. Are they right?

Sen. Rubio's contradictory comments on Republican tax pla...

Fri, 12/29/2017 - 4:31pm

CNBC Senior Contributor Larry Kudlow reacts to comments made by Sen. Marco Rubio on the Republican tax plan he voted to pass.

Trump wants Postal Service to charge 'much more' for Amazon shipments

Fri, 12/29/2017 - 4:15pm

SEATTLE/WASHINGTON (Reuters) - President Donald Trump called on the U.S. Postal Service on Friday to charge "much more" to ship packages for Amazon (AMZN.O), picking another fight with an online retail giant he has criticized in the past. "Why is the United States Post Office, which is losing many billions of dollars a year, while charging Amazon and others so little to deliver their packages, making Amazon richer and the Post Office dumber and poorer? Should be charging MUCH MORE!" Trump wrote on Twitter.

A hidden message about Obama golfing was deleted from Trump's website after people noticed

Fri, 12/29/2017 - 3:38pm

President Donald Trump's campaign website had a message hidden in its source code. It was a joke about former President Barack Obama golfing. Trump has spent 71 of his 346 days in office playing golf, according to The Washington Post.

U.S. oil rig count ends 2017 40 percent above year-ago levels - Baker Hughes

Fri, 12/29/2017 - 3:08pm

Drillers held the number of oil rigs steady for a second straight week at 747 in the week to Dec. 29. Oil prices had been boosted by signs the global crude glut that has dogged the market since 2014 is shrinking, as a year of production cuts led by Middle East-dominated Organization of the Petroleum Exporting Countries (OPEC) and Russia helped tighten the market. In 2017, U.S. crude futures have averaged about $51 a barrel, easily topping last year's $43.47 average.

Marco Rubio now says tax plan may have gone too far towar...

Fri, 12/29/2017 - 3:04pm

CNBC's Ylan Mui on companies trying to figure out where they stand under the GOP's new tax plan. And is Sen. Rick Rubio having a change of heart?

This Could Be Apple Inc.'s Most Interesting Product in 2018

Fri, 12/29/2017 - 2:41pm

Apple's next-generation mainstream iPhone could be a huge hit.

Insurers to Endure a Hitch Before Tax Reform Gains

Fri, 12/29/2017 - 2:27pm

Players in the insurance industry would suffer in the short term before reaping the benefits of the tax rate cut.

25 Athletes Who Were Huge Disappointments in 2017

Fri, 12/29/2017 - 2:09pm

In professional sports, it’s tough to stay on top for long. Sure, there are players like LeBron James who dominate their field for over a decade. But for most pro athletes, success is fleeting. Each year, ...

Plymouth Belmont: Running, driving, Virgil Exner-owned concept car could be yours

Fri, 12/29/2017 - 1:43pm

It's not often you can drive a concept car.

5 changes in the travel industry that could cost you in 2018

Fri, 12/29/2017 - 1:30pm

As we head into 2018, here are some changes that could impact your next trip.

Did Lexus make a BMW? Or did BMW make a Lexus? This and other 2017 surprises

Fri, 12/29/2017 - 1:25pm

And the Stinger is made by who now?

Airbus sprints from behind in bid to upset Boeing order lead

Fri, 12/29/2017 - 1:15pm

Airbus (AIR.PA) is pulling out the stops to try and take the lead in its annual order contest with Boeing (BA.N), lining up a spree of multi-billion-dollar deals to close a traumatic year haunted by management upheaval and corruption investigations. Deals announced this week include confirmation of a record 430-jet order brokered by U.S.-based private equity firm Indigo Partners on behalf of four airlines. The Indigo deal and up to 275 other last-minute orders are seen as a grand finale for Airbus sales chief John Leahy, who is due to retire in January after roughly trebling Airbus's market share in his 23 years at the helm.

The Pogie Awards: The best ideas in tech of 2017

Fri, 12/29/2017 - 12:53pm

Yahoo Finance's David Pogue reveals the best tech ideas of 2017.

Music legend Billy Gibbons on his six-string investments

Fri, 12/29/2017 - 12:45pm

ZZ Top’s Billy Gibbons discusses his investments in musical instruments and the energy sector.

Tax reform may help US corporations a little too much, Rubio says

Fri, 12/29/2017 - 12:10pm

The Republican Party passed sweeping tax reform last week, which is largely expected to boost the U.S. economy through several business-friendly initiatives, but one prominent senator thinks the bill may go a little too far in helping America’s biggest corporations.