Receive Breaking News updates as they occur
U.S. President-elect Donald Trump will name former Georgia Governor Sonny Perdue as his nominee for secretary of agriculture on Thursday, a senior transition official said on Wednesday. During his time as governor, Perdue's key agricultural issues included water management and making changes to the tax code that were beneficial to farmers, said Jeffrey Harvey, legislative director for the Georgia Farm Bureau.
LOS ANGELES (AP) — The worst area of drought in California has significantly narrowed to a small region northwest of Los Angeles that has stubbornly failed to benefit from Pacific storms that have drenched much of the state since the fall and were lining up again Wednesday.
Toshiba shares fell nearly 13 percent in Tokyo Thursday following media reports of expanding losses at its US nuclear power business. Toshiba dived 12.82 percent to 251.4 yen in early trade after Japan's leading business daily the Nikkei reported the troubled conglomerate could book losses of more than 500 billion yen ($4.4 billion) in its nuclear reactor business. The loss would force the beleaguered Japanese conglomerate, which has been hit by a huge accounting scandal, to seek support from a government-backed lender, the newspaper said.