How Donald Trump's Lobbying Ban Could Shake Up Washington
President-elect Donald Trump and his advisers are promising to keep lobbyists off his transition team and prohibit any future administration officials from lobbying for five years after they leave the government -- but some experts say the proposed rules may not be effectual. The move comes after
Stocks in Sectors Challenged Under Obama Rally After Trump Election Upset
While the reaction of the markets to Donald Trump 's surprise election win caused some alarm, this morning some industries have rallied around the news. With stock futures plunging last night, commentators were drawing comparisons to sell-offs last seen amid the financial crisis of 2008. But this
Navy to Take Charge of Huge, High-Tech Destroyer Worth $4 Billion
The U.S. Navy will soon take charge of the first in its newest, most advanced line of warships: the angular, tech-savvy -- and expensive -- USS Zumwalt. The largest and most technologically sophisticated destroyer in the Navy's fleet, the USS Zumwalt will be part of an ambitious "Zumwalt-class" of
What the Runaway Blimp Was Supposed to Be Doing
The military blimp that finally touched down in Pennsylvania today after breaking from its moorings is part of a $2.7 billion test program known as JLENS, which the Pentagon has developed to detect low-flying drones and cruise missiles. The Joint Land Attack Cruise Missile Defense Elevated Netted
From Nintendo to Nokia: 4 Tech Companies With Surprising Beginnings
Who says you can’t change course? Some of your favorite technology companies started out with a radically different plan, selling items that would look out of place among their line-up today. Can you guess which cell phone company started out making paper? Click through to find out. Koss
Apple (AAPL) CEO Tim Cook 'Proud to Be Gay'
Morning Money Memo: Apple CEO Tim Cook says he’s proud to be gay. In an essay written for Bloomberg Businessweek, Cook has become the highest-profile business leader to come out as gay. Cook says that while he never denied his sexuality, he never publicly...
Watch a Gubernatorial Candidate Take a Hit of Pot
One gubernatorial candidate is blazing the campaign trail, quite literally. Anne Armstrong is a medical cannabis caregiver and patient running as a write-in candidate for Rhode Island governor. “Yes, I do smoke cannabis, and yes, I do inhale,” she says in a campaign video on...
New college rankings & AFC preview
The NCAA and the football-factory conferences endlessly say their players are not unpaid semipros; rather, they're true student-athletes. So let's take them at their word and rank the country's top college football programs with education as important as victory. Introducing ESPN Grade , a whole
Profits Plunge at General Motors
Morning Money Memo … ABC News’ John Kapetaneas reports: It’s a difficult day for General Motors, as the auto giant posted an 80 percent drop in 2nd quarter profits from this time last year. The company had previously announced it will pay $400 million to...
Thad Cochran's Impressive Array of Corporate Backers
Thad Cochran’s FEC reports read like checklists of every type of PAC imaginable. Money has flown around in Mississippi this month, and the incumbent won last night’s Senate primary runoff with help from a truly impressive array of groups—many of them corporate affiliated—donating directly to...