Business

When Washington eliminated corporate tax deductions on health insurance executive compensation above $500,000 under President Barack Obama's healthcare reform law in 2013, it generated more than $72 million in additional tax revenue for the U.S. government, a left-leaning think tank said on Wednesday.

China's top judge has said the ruling Communist Party's decision to investigate former senior leader Zhou Yongkang demonstrates clearly that no party member is above the law, the semi-official China News Service reported.

A package of bills aimed at regulating drought-parched California's stressed groundwater supplies has come under fire from agricultural interests, injecting doubt into the measures' fates in the waning days of the state's legislative session this week.