Corporate news

A man uses two smartphones at once outside a Huawei store in Beijing Monday, May 20, 2019. Google is assuring users of Huawei smartphones the American company's services still will work on them following U.S. government restrictions on doing business with the Chinese tech giant. (AP Photo/Ng Han Guan)
May 20, 2019 - 7:05 pm
Huawei could quickly lose its grip on the No. 2 ranking in worldwide cellphone sales after Google announced it would comply with U.S. government restrictions meant to punish the Chinese tech powerhouse. The Trump administration's move, which effectively bars U.S. firms from selling components and...
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May 20, 2019 - 7:00 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says a sharp rise in corporate debt is being closely monitored but currently the Fed does not see the types of threats that triggered the 2008 financial crisis. In remarks prepared for a banking conference in Fernandina Beach, Florida, Powell...
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FILE - In this Jan. 14, 2018, file photo Ford President and CEO Jim Hackett prepares to address the media at the North American International Auto Show in Detroit. Ford is cutting about 7,000 white-collar jobs, which would make up 10% of its global workforce. The company has said it was undertaking a major restructuring, and on Monday, May 20, 2019, said that it will have trimmed thousands of jobs by August. In a memo to employees, Monday, Hackett said the fourth wave of the restructuring will start on Tuesday, May 21 with the majority of cuts being finished by May 24. (AP Photo/Carlos Osorio, File)
May 20, 2019 - 5:18 pm
DETROIT (AP) — Ford revealed details of its long-awaited restructuring plan Monday as it prepared for a future of electric and autonomous vehicles by parting ways with 7,000 white-collar workers worldwide, about 10% of its global salaried workforce. The major revamp, which had been under way since...
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Senate Majority Leader Mitch McConnell, R-Ky., listens as Sen. John Barrasso, R-Wyo., speaks during a news conference at the Capitol in Washington, Tuesday, May 14, 2019. (AP Photo/J. Scott Applewhite)
May 20, 2019 - 5:13 pm
WASHINGTON (AP) — Senate Majority Leader Mitch McConnell, whose home state of Kentucky was long one of the nation's leading tobacco producers, introduced bipartisan legislation Monday to raise the minimum age for buying any tobacco products from 18 to 21. The chamber's top Republican, who said he...
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May 20, 2019 - 3:12 pm
WASHINGTON (AP) — The Supreme Court said Monday that a judge must decide whether a dispute between drugmaker Merck and patients who alleged they were injured by its bone-strengthening drug Fosamax can go forward. All nine justices agreed that the case should go back to a lower court for further...
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Austrian Chancellor Sebastian Kurz, of the Austrian People's Party, OEVP, addresses the media during a news conference in Vienna, Austria, Monday, May 20, 2019. Austrian Chancellor Sebastian Kurz has called for an early election after the resignation of his vice chancellor Heinz-Christian Strache from the Freedom Party spelled an end to his governing coalition. (AP Photo/Michael Gruber)
May 20, 2019 - 1:11 pm
VIENNA (AP) — The Latest on the video scandal that's rocked the Austrian government (all times local): 7:10 p.m. Austrian Chancellor Sebastian Kurz says he expects the far-right Freedom Party to leave his government as it has threatened to do. Kurz, who has asked Austria's president to remove...
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In this April 8, 2019, photo, Tim Tanksley, who has been fighting for years trying to convince Oklahoma lawmakers to crack down on the coal ash dumping, stands outside a dump site in Bokoshe, Okla. President Donald Trump’s EPA has approved Oklahoma to be the first state to take over permitting and enforcement on coal-ash sites. “They’re going to do absolutely nothing,” Tanksley said. (AP Photo/Sue Ogrocki)
May 20, 2019 - 11:50 am
BOKOSHE, Okla. (AP) — Susan Holmes' home, corner store and roadside beef jerky stand are right off Oklahoma Highway 31, putting them in the path of trucks hauling ash and waste from a power plant that burns the high-sulfur coal mined near this small town. For years, when Bokoshe residents were...
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FILE - In this April 12, 2019 file photo, Federal Communications Commission Chairman Ajit Pai speaks during an event with President Donald Trump on the deployment of 5G technology in the United States, in the Roosevelt Room of the White House, in Washington. Pai says he plans to recommend the agency approve the $26.5 billion merger of wireless carriers T-Mobile and Sprint, saying it’ll speed up 5G deployment in the U.S. Pai also said Monday, May 20 that the combination will help bring faster mobile broadband to rural Americans. (AP Photo/Evan Vucci, File)
May 20, 2019 - 10:35 am
WASHINGTON (AP) — A key federal regulator says he plans to approve wireless carrier T-Mobile's $26.5 billion takeover of rival Sprint, a crucial step for the deal's approval. Federal Communications Commission Chairman Ajit Pai said Monday he agreed to back the deal because the two companies had...
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FILE - In this May 5, 2015 photo, marijuana plants grow at a Minnesota Medical Solutions greenhouse in Otsego, Minn. Advocates for legalizing marijuana have long argued it would strike a blow for social justice after a decades-long drug war that disproportionately targeted minority and poor communities. (Glen Stubbe/Star Tribune via AP, File)
May 19, 2019 - 1:13 pm
NEW YORK (AP) — Advocates for legalizing marijuana have long argued it would strike a blow for social justice after a decades-long drug war that disproportionately targeted minority and poor communities. But social equity has been both a sticking point and selling point this year in New York and...
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May 19, 2019 - 12:37 pm
WASHINGTON (AP) — The Senate's top Democrat is calling on the federal government to step in and investigate whether a plan for new subway cars in New York City designed by a Chinese state-owned company could pose a threat to national security. Sen. Charles Schumer of New York said in a statement to...
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