Business news, economic coverage, market commentary.
LONDON - Exactly 1,000 days after Britain voted to leave the European Union, and nine days before it is scheduled to walk out the door, Prime Minister Theresa May hit the pause button Wednesday, asking the bloc to postpone the U.K.'s departure until June 30.
EU leaders, who are exasperated by Britain's Brexit melodrama, will only grant the extension if May can win the U.K. Parliament's approval next week for her twice-rejected Brexit deal. Otherwise, the U.K. is facing a chaotic "no-deal" departure from the bloc within days, or a much longer delay that May says she will not allow while she is in power.
HOUSTON - Crews on Wednesday extinguished a fire that had burned for days at a Houston-area petrochemicals storage facility and led to concerns about air quality among some residents and environmental groups despite reassurances from officials that testing shows nothing amiss.
Intercontinental Terminals Company spokeswoman Alice Richardson said at a news conference Wednesday that crews were cleaning up the facility in Deer Park, located southeast of Houston, so the investigation can begin into what caused the blaze.
OTTAWA - The Liberals will happily run on their economic record in the upcoming federal election campaign, Prime Minister Justin Trudeau said Wednesday, despite the billions of dollars they've added to the national debt.
At an afternoon stop outside a housing development in Ottawa's eastern suburbs, touting the measures in the new federal budget to make homes more affordable, Trudeau gave what sounded much like a stump speech, talking about "historic investments" in Canadians — getting there after dismissing Conservatives' complaints that the Liberals should have to answer more for the SNC-Lavalin affair.
WASHINGTON - Top U.S. CEOs reported Wednesday that their economic outlook weakened in the first three months of the year although it remains above its historical average.
The Business Roundtable, a lobbying organization of major companies' chief executives, also said its first-quarter survey of CEOs showed strong support for Congress to create a new national law governing consumer data privacy.