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Business
CSX profit drops 10% despite railroad delivering 3% more freight in first quarter
CSX's first-quarter profit slipped 10% even though the railroad delivered 3% more goods, as the mix of shipments it handed shifted to a less-profitable mix.
Business
Abu Ghraib military contractor warned bosses of abuses 2 weeks after arriving, testimony reveals
A civilian contractor sent to work as an interrogator at Iraq's infamous Abu Ghraib prison resigned within two weeks of his arrival and told his corporate bosses that mistreatment of detainees was likely to continue.
Business
US reimposes oil sanctions on Venezuela as hopes for a fair presidential election fades
The Biden administration on Wednesday reimposed crushing oil sanctions on Venezuela, admonishing President Nicolás Maduro's attempts to consolidate his rule just six months after the U.S. eased restrictions in a bid to support now fading hopes for a democratic opening in the OPEC nation.
Business
Biden vows to shield U.S. steel industry by blocking Japanese merger and seeking new Chinese tariffs
President Joe Biden promised cheering unionized steelworkers on Wednesday that his administration would block the acquisition of U.S. Steel by a Japanese company, and he called for a tripling of tariffs on Chinese steel, seeking to use trade policy to win over working-class votes in Pennsylvania, an election-year battleground.
Business
US probe of Hondas that can activate emergency braking for no reason moves closer to a recall
A U.S. government investigation into unexpected automatic braking involving nearly 3 million Hondas is a step closer to a recall.