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Retail CEOs meet with Trump, call meeting ‘productive’

WEDNESDAY, FEB. 15, 2017, 9:55 A.M.

President Donald Trump on Wednesday met with a group of executives from big-name retailers such as Target and Best Buy, a conversation in which the industry planned to make the case that they believe a Republican plan for tax reform would be detrimental to their businesses – and to the wider economy.

China awards Trump valuable new trademark

UPDATED: WEDNESDAY, FEB. 15, 2017, 3:51 P.M.

Zhong Jiye, a co-founder of Shenzhen Trump Industrial Co., points to the logo on one of his firm’s high-end Trump-branded toilets Monday, Feb. 13, 2017, at the company’s offices in Shenzhen in southern China’s Guangdong Province. U.S. President Donald Trump is poised to receive something that he had been trying to get from China for more than a decade: trademark rights to his own name. After suffering rejection after rejection in China’s courts, he saw his prospects change dramatically after starting his presidential campaign. (Mark Schiefelbein / Associated Press)
The government of China awarded U.S. President Donald Trump valuable rights to his own name this week, in the form of a 10-year trademark for construction services.

Insurer Anthem fires back at Cigna

UPDATED: WEDNESDAY, FEB. 15, 2017, 4 P.M.

Health insurers Anthem and Cigna are now trading lawsuits instead of working together to salvage their shaky $48-billion buyout agreement.

Starbucks puts ice cream on menu at 100-plus stores

UPDATED: TUESDAY, FEB. 14, 2017, 5:32 P.M.

This Dec. 20, 2010 file photo shows signage at a Starbucks store in New York. The Seattle chain said it will serve “affogato” varieties of hot or cold coffee over ice cream at 100 stores in Orange County, California, starting Wednesday, Feb. 15, 2017, with pricier versions sold at 10 locations with its “reserve” bars. (Richard Drew / AP)
Starbucks, having seen the success of ice cream menu offerings at its high-end Seattle Roastery store, will start serving ice cream at more than 100 store locations.

Yellen: Expect Fed to resume raising rates in coming months

UPDATED: WEDNESDAY, FEB. 15, 2017, 4:10 P.M.

Federal Reserve Chair Janet Yellen testifies Tuesday. (Andrew Harnik / Associated Press)
Federal Reserve Chair Janet Yellen defended the central bank’s independence Wednesday from Republican lawmakers who are pushing for major changes in how the central bank operates and how regulators oversee the nation’s banking system.

American Air’s pilots vote no-confidence in CEO, executives

UPDATED: TUESDAY, FEB. 14, 2017, 12:31 P.M.

In this Friday, June 3, 2016, photo, an American Airlines passenger jet takes off from Miami International Airport in Miami. (Alan Diaz / AP)
The leaders of American Airlines’ pilot union voted no-confidence in Chief Executive Officer Doug Parker, citing pay and scheduling problems, delays in implementing their full contract and a “toxic” company culture.

Trump signs law rolling back disclosure rule for energy and mining companies

TUESDAY, FEB. 14, 2017, 12:05 P.M.

President Donald Trump signed his first piece of legislation on Tuesday, a measure that could presage the most aggressive assault on government regulations since President Reagan. The bill cancels out a Securities and Exchange Commission regulation that would have required oil and gas and mining companies to disclose in detail the payments they made to foreign governments.

Aetna, Humana terminate merger agreement

UPDATED: TUESDAY, FEB. 14, 2017, 11:54 A.M.

In this Tuesday, Aug. 19, 2014, file photo, a pedestrian walks past a sign for Aetna Inc., at the company headquarters in Hartford, Conn. Aetna and Humana are calling off a $34 billion deal to combine the two major health insurers after a federal judge, citing antitrust concerns, shot down the deal. (Jessica Hill / AP)
Health insurance giants Aetna and Humana announced Tuesday that they have formally abandoned their efforts to merge after a federal judge upheld the Justice Department’s decision to block the $37 billion deal last month.

Judge to rule on deal for smaller set of cheating VWs

TUESDAY, FEB. 14, 2017, 8:45 A.M.

A federal judge in San Francisco is expected to decide whether to grant initial approval to a deal worth at least $1.2 billion that aims to compensate the owners of roughly 78,000 Volkswagens that were rigged to cheat on emissions tests.

Janet Yellen expects gradual pace for hikes but sees risk in delay

TUESDAY, FEB. 14, 2017, 7:51 A.M.

Federal Reserve Chair Janet Yellen appears on Capitol Hill in Washington, Tuesday, Feb. 14, 2017, before the Senate Banking Committee. Yellen said that the central bank still expects to raise interest rates gradually this year. But she said the Fed also recognizes the dangers of waiting too long to tighten credit. (Andrew Harnik / AP)
WASHINGTON – Federal Reserve Chair Janet Yellen said Tuesday that the central bank still expects to raise interest rates gradually this year. But she said the Fed also recognizes the dangers of waiting too long to tighten credit. Testifying to Congress for the first time since President Donald Trump took office, Yellen referred implicitly to the ambitious economic program Trump has promised. She said the Fed recognizes that sharp changes in tax policy and government spending could influence the central bank’s decisions.

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