Corporate news

A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Wednesday, Oct. 2, 2019. Asian shares are lower after U.S. stocks posted their worst loss in five weeks on Wednesday after a surprisingly limp report on the nation’s manufacturing that stirred worries about the economic outlook.(AP Photo/Eugene Hoshiko)
October 02, 2019 - 4:30 am
BANGKOK (AP) — Shares fell in Europe and Asia on Wednesday after a disappointing update on American manufacturing pulled U.S. stocks sharply lower. Germany's DAX declined 1.1% to 12,132.11 while the CAC 40 in Paris shed 1.2% to 5,528.67 and Britain's FTSE 100 sank 1.3% to 7,263.95. New York looked...
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FILE - In this July 30, 2013, file photo, large banners hang in an atrium at the headquarters of Johnson & Johnson in New Brunswick, N.J. Johnson & Johnson has become the latest company to settle a lawsuit to get out of the first federal trial over the nation's opioids crisis, reaching a deal worth more than $20 million with two Ohio counties, the company announced Tuesday, Oct. 1, 2019. (AP Photo/Mel Evans, File)
October 01, 2019 - 9:28 pm
Johnson & Johnson on Tuesday announced it had reached an agreement worth more than $20 million with two Ohio counties, becoming the latest company to settle a lawsuit to get out of the first federal trial over the nation's opioids crisis. The deal with Cuyahoga and Summit counties comes a...
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October 01, 2019 - 2:55 pm
NEW YORK (AP) — In a story Sept. 30 about WeWork's withdrawing its initial public offering, The Associated Press reported erroneously that the company went through $198.7 billion to fund its operations in the first six months of the year. It went through $198.7 million. Also, the last name of...
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In this Monday, Sept. 30, 2019, photo a row of Chevrolet Suburban vehicles are shown at Wally Edgar Chevrolet in Orion Township, Mich. The 16-day strike has cost GM just over $1 billion, JP Morgan analyst Ryan Brinkman estimated Tuesday in a note to investors. (AP Photo/Paul Sancya)
October 01, 2019 - 1:36 pm
DETROIT (AP) — The 16-day strike by auto workers has cost General Motors about $1 billion, an analyst says, while a parts shortage forced the company to close pickup truck and transmission plants in Mexico. Spokesman Dan Flores confirmed that production at the factories in Silao, Mexico, ended...
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In this Sept. 18, 2019, photo a Puckett Machinery Company technician walks past a new heavy duty Caterpillar excavator that awaits modification at Puckett Machinery Company in Flowood, Miss. On Tuesday, Oct. 1, the Institute for Supply Management, a trade group of purchasing managers, issues its index of manufacturing activity for September. (AP Photo/Rogelio V. Solis)
October 01, 2019 - 11:11 am
WASHINGTON (AP) — U.S. factory activity hit its lowest level in more than a decade, as President Donald Trump's trade wars take a toll on American manufacturing. The Institute for Supply Management, an association of purchasing managers, said Tuesday that its manufacturing index shrank for the...
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FILE - In this June 17, 2019, file photo, a cashier displays a packet of tobacco-flavored Juul pods at a store in San Francisco. Juul Labs said Monday, Sept. 30, 2019, that it will stop supporting a ballot measure to overturn an anti-vaping law in San Francisco, effectively killing the campaign. (AP Photo/Samantha Maldonado, File)
October 01, 2019 - 3:33 am
SAN FRANCISCO (AP) — Juul Labs Inc. announced Monday that it will stop supporting a ballot measure to overturn an anti-vaping law in San Francisco, effectively killing the campaign. The nation's largest maker of e-cigarettes said it will end its support for Proposition C after donating nearly $19...
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FILE - In this March 20, 2010, file photo, a ball flicks through the net in front of the NCAA logo on the marquis during an NCAA college basketball practice in Pittsburgh. Defying the NCAA, California's governor signed a first-in-the-nation law Monday, Sept. 30, that will let college athletes hire agents and make money from endorsements — a move that could upend amateur sports in the U.S. and trigger a legal challenge. (AP Photo/Keith Srakocic, File)
September 30, 2019 - 9:16 pm
SACRAMENTO, Calif. (AP) — Defying the NCAA, California opened the way Monday for college athletes to hire agents and make money from endorsement deals with sneaker companies, soft drink makers, car dealerships and other sponsors, just like the pros. The first-in-the-nation law, signed by Democratic...
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US attorney David Anderson announces criminal spy charges against a San Francisco Bay Area tour operator Xuehua Edward Peng Monday, Sept. 30, 2019, in San Francisco. Xuehua Edward Peng, who operates tours for Chinese students and visitors, was charged with being an illegal foreign agent and delivering classified U.S. national security information to officials in China, U.S. government officials announced Monday. (AP Photo/Janie Har)
September 30, 2019 - 8:20 pm
SAN FRANCISCO (AP) — A California tour operator charged by U.S. officials with illegally ferrying information to China was a quiet and friendly man with a taste for luxury cars, a neighbor said. Xuehua Edward Peng, 56, of Hayward was charged in documents unsealed Monday with being an illegal...
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FILE - In this Friday, Nov. 11, 2011, file photo, businessman Yevgeny Prigozhin, left, serves food to Russian Prime Minister Vladimir Putin, center, during dinner at Prigozhin's restaurant outside Moscow, Russia. The U.S. sought to punish Russia on Monday, Sept. 30, 2019, for interfering with the November 2018 election by placing the yacht and private planes of a Russian financier, Yevgeny Prigozhin, on an international sanctions list along with employees of the Internet Research Agency that he has funded to spread false information on social media. (AP Photo/Misha Japaridze, Pool, File)
September 30, 2019 - 5:47 pm
WASHINGTON (AP) — The Treasury Department on Monday took its first action in response to foreign interference in the 2018 midterm elections by placing the yacht and private planes of a Russian financier on an international sanctions list along with employees of a Russian troll farm he funded to...
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A Forever 21 store is shown, Monday, Sept. 30, 2019, in Aventura, Fla. The low-price fashion chain, a one-time hot destination for teen shoppers that fell victim to its own rapid expansion and changing consumer tastes, has filed for Chapter 11 bankruptcy protection. (AP Photo/Wilfredo Lee)
September 30, 2019 - 5:14 pm
NEW YORK (AP) — For years, teens flocked to Forever 21's massive stores at the nation's malls for its speedy take on fashion, like its $5 shimmery halter tops and $25 dresses. But the chain that helped popularize so-called fast fashion has moved too slow for a new generation of young customers. The...
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