Nineteen billionaires release a letter asking the 2020 presidential candidates to support a tax on America's richest families.Economyread more
The Trump administration had argued the president has wide-ranging authority over national security matters.Politicsread more
Sen. Bernie Sanders will announce a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the...Personal Financeread more
Gold surged to its highest level in nearly six years on Monday as the prospects of lower Federal Reserve rates and lingering geopolitical tensions between the U.S. and Iran...Marketsread more
Shares of Ulta Beauty and Sally Beauty dropped on Monday after Amazon launched its own beauty store for professionals.Marketsread more
Goldman Sachs says there's still life left in value investing, especially with the Federal Reserve set to cut rates again.Marketsread more
McDonald's says it gained market share in the informal-eating-out category for the first time in five years, thanks to its nationwide launch of fresh beef.Restaurantsread more
Six women are running for president. Five of them are career politicians. Then there's Oprah-approved self-help guru Marianne Williamson.2020 Electionsread more
The major indexes have stretched to all-time highs and are riding one of their best first halves in decades.Trading Nationread more
As candidates from Elizabeth Warren and Bernie Sanders to John Delaney jockey for position in the 2020 Democratic primary, business issues will come up in the first debates.2020 Electionsread more
Boeing notched a key victory in a years-long legal case against its European rival, Airbus, after an international body rejected the European Union's claims that Washington state was giving Boeing illegal tax incentives.
Chicago-based Boeing trumpeted a "resounding defeat" for the EU in the dispute, one of three involving the company against Airbus. Boeing also insisted the European bloc faces a rising risk of sanctions "as Airbus continues to ignore rulings against its illegal practices."
Monday's decision by the World Trade Organization's appellate body reverses a ruling by a lower WTO panel in November that said that Washington state — which is home to much of Boeing's plane manufacturing operations — had provided prohibited subsidies through a tax incentive for production of the Boeing 777X.
The panel also called on the U.S. government to take action to end the support. The U.S. had appealed the panel's decision in December.
Monday's ruling, which is final, found that none of the tax incentives provided by Washington state were illegal. The decision now goes to the WTO's dispute settlement body for formal adoption within 20 days.
"The WTO has rejected yet another of the baseless claims the EU has made as it attempts to divert attention from the $22 billion of subsidies European governments have provided to Airbus and that the WTO has found to be illegal," Boeing general counsel Michael Luttig said in a statement.
"This was a sweeping and clean win for the United States," he said.
Airbus, for its part, turned its attention to one of the other outstanding disputes involving the two rivals, insisting that WTO has ruled in a separate case that Boeing is receiving subsidies that are "illegal and actionable" and "causing massive harm to Airbus."
"The 'game' is far from over," said Rainer Ohler, Airbus' executive vice president for communications.