Corporate news

A Chinese investor monitors stock prices at a brokerage house in Beijing, Wednesday, Oct. 23, 2019. Asian stock markets followed Wall Street lower Wednesday after major companies reported mixed earnings and an EU leader said he would recommend the trade bloc allow Britain to delay its departure. (AP Photo/Andy Wong)
October 23, 2019 - 6:49 am
BEIJING (AP) — Global markets mostly dipped Wednesday after more corporate earnings reports weighed and as Brexit seemed due to be delayed again, extending uncertainty. In Europe, Germany's DAX edged down almost 0.1% to 12,752 while France's CAC 40 shed 0.6% to 5,623. London's FTSE 100 rose 0.3% to...
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October 23, 2019 - 4:53 am
BOSTON (AP) — A California marketing executive and author is returning to federal court to be sentenced for her role in a college admissions bribery scheme. Jane Buckingham is scheduled to appear in Boston's federal court Wednesday. The 51-year-old Los Angeles resident pleaded guilty in May to a...
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Kunio Nakaguro, executive vice president for Nissan Motor Corp., speaks during Nissan's presentation of the media preview of the Tokyo Motor Show Wednesday, Oct. 23, 2019, in Tokyo. (AP Photo/Kiichiro Sato)
October 23, 2019 - 2:23 am
TOKYO (AP) — The Tokyo Motor Show opens this week with plenty of futuristic technologies but absent one of the auto industry's hugest influencers: Nissan's former Chairman Carlos Ghosn. Since Ghosn's arrest for alleged financial misconduct in November 2018, Nissan has sunk into deep losses and its...
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In this undated photo provided on Wednesday, Oct. 23, 2019, by the North Korean government, North Korean leader Kim Jong Un, center, visits the Diamond Mountain resort in Kumgang, North Korea. Kim ordered the destruction of South Korean-made hotels and other tourist facilities at the North's Diamond Mountain resort, apparently because Seoul won't defy international sanctions and resume South Korean tours at the site, Pyongyang's official Korean Central News Agency said Wednesday. Independent journalists were not given access to cover the event depicted in this image distributed by the North Korean government. The content of this image is as provided and cannot be independently verified. Korean language watermark on image as provided by source reads: "KCNA" which is the abbreviation for Korean Central News Agency. (Korean Central News Agency/Korea News Service via AP)
October 23, 2019 - 12:58 am
SEOUL, South Korea (AP) — North Korean leader Kim Jong Un ordered the destruction of South Korean-made hotels and other tourist facilities at the North's Diamond Mountain resort, apparently because Seoul won't defy international sanctions and resume South Korean tours at the site. Pyongyang's...
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FILE - In this Sept. 16, 2019 photo, McGregor Scott, U.S. Attorney for the Eastern District of California, stands next to a 1967 Ford Shelby GT 500, that was seized along with other cars by the federal government that are now housed in a warehouse in Woodland, Calif. Two employees of a defunct San Francisco Bay Area solar energy company pleaded guilty Tuesday, Oct. 22, 2019, to participating in what federal prosecutors say was a massive $2.5 billion fraud scheme that defrauded investors of $1 billion. It’s the largest single-owner car collection ever auctioned by the U.S. Marshals Service, with vehicles to be auctioned off on Wednesday. (Randy Pench/The Sacramento Bee via AP)
October 22, 2019 - 9:55 pm
SACRAMENTO, Calif. (AP) — Two employees of a San Francisco Bay Area solar energy company pleaded guilty Tuesday to participating in what federal prosecutors say was a massive scheme that defrauded investors of $1 billion. While the company's owners have not been charged, they agreed to let the...
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FILE- In this Nov. 9, 2018, file photo Operation made by Hasbro is displayed shelves in the expanded toy section at a Walmart Supercenter in Houston. Shares of Hasbro are plunging after the company said the trade war is hammering its supply chain. The toymaker on Tuesday reported third-quarter net income of $212.9 million, or $1.67 per share. (AP Photo/David J. Phillip, File)
October 22, 2019 - 5:30 pm
PAWTUCKET, R.I. (AP) — Shares of Hasbro plunged Tuesday after the company revealed that the trade war is wreaking havoc on its supply chain and creating confusion among customers for its toys. The company said price hikes may be on the way for consumers as it offsets rising costs. Hasbro CEO Brian...
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October 22, 2019 - 4:17 pm
NEW YORK (AP) — Nike said Tuesday that its longtime CEO Mark Parker is stepping down early next year. He will be replaced by board member John Donahoe, who formerly ran e-commerce company eBay. Parker, who has been CEO since 2006, will become executive chairman of the board. The change comes three...
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FILE - In this Sept. 25, 2017, file photo Boeing's Kevin McAllister listens during a news conference before a delivery ceremony for a new Boeing 747-8 freighter to Qatar Airways in Everett, Wash. Boeing said Tuesday, Oct. 22, 2019, that McAllister is out as chief executive of Boeing Commercial Airplanes. He’s being replaced Stanley Deal, who has been leading the company’s services division. (AP Photo/Elaine Thompson)
October 22, 2019 - 3:37 pm
Boeing is replacing the head of its commercial-airplanes division as it struggles with a crisis created by two deadly crashes of its newest airliner. Boeing said Tuesday that Kevin McAllister is out as chief executive of Boeing Commercial Airplanes. He is being replaced by Stanley Deal, leader of...
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FILE - In this Sept. 16, 2019, file photo picketers carry signs at one of the gates outside the closed General Motors automobile assembly plant in Lordstown, Ohio. Many from Lordstown, Ohio, and near Baltimore and Detroit are opposing a deal that could end a 37-day strike that crippled GM’s U.S. production and cost the company an estimated $2 billion. (AP Photo/Keith Srakocic, File)
October 22, 2019 - 2:51 pm
DETROIT (AP) — If they can close our plant, they can close yours, too. That's the message from workers at three shuttered General Motors factories that didn't get new products under the tentative contract agreement reached last week between GM and the United Auto Workers, who have been on strike...
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FILE - This Aug. 23, 2019, file photo shows the New York Stock Exchange in New York. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, Oct. 22. (AP Photo/Frank Franklin II, File)
October 22, 2019 - 2:42 pm
The major U.S. stock indexes wavered between small gains and losses in late-afternoon trading Tuesday as investors weighed a mixed batch of earnings reports from McDonald's, Procter & Gamble and other big companies. Trading was choppy for much of the day, though outside of the Nasdaq, the moves...
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