Financial performance

October 14, 2019 - 6:04 am
BEIJING (AP) — China's auto sales sank 6.3% from a year earlier in September, putting the market on track to shrink for a second straight year at a time when brands are spending heavily to meet government targets to develop electric cars. The China Association of Automobile Manufacturers, an...
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FILE - In this Oct. 2, 2019, file photo specialist Dilip Patel, right, works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Oct. 11. (AP Photo/Richard Drew, File)
October 11, 2019 - 5:19 pm
The S&P 500 finished with its first weekly gain in four weeks Friday as investors welcomed a thaw in the punishing trade war between the U.S. and China. After two days of negotiations in Washington, the U.S. agreed to suspend a planned hike in tariffs on $250 billion of Chinese goods that had...
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James Cooke is shown buying water bottles along with propane tanks and batteries at a ACE Hardware store as he prepares for a possible power shutdown in Los Gatos, Calif., on Tuesday, Oct. 8, 2019. Millions of people were poised to lose electricity throughout northern and central California after Pacific Gas & Electric Co. announced Tuesday it would shut off power in the largest preventive outage in state history to try to avert wildfires caused by faulty lines. (Anda Chu/San Jose Mercury News via AP)
October 08, 2019 - 10:04 pm
SAN FRANCISCO (AP) — Millions of people were poised to lose electricity throughout northern and central California after Pacific Gas & Electric Co. announced Tuesday it would shut off power in the largest preventive outage in state history to try to avert wildfires caused by faulty lines. PG...
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Visitors tour near the logo of Samsung Electronics at semiconductor exhibition in Seoul, South Korea, Tuesday, Oct. 8, 2019. Samsung Electronics has predicted its operating profit for the last quarter will fall by more than 56% from a year earlier amid sluggish global demand for computer chips. (AP Photo/Lee Jin-man)
October 08, 2019 - 5:22 pm
Samsung provided the latest sign of the tough times afflicting computer chipmakers as it braced investors for a sharp drop in profit. The sobering forecast Tuesday wasn't entirely unexpected, given an industrywide glut that has forced chipmakers to slash prices to clear out inventory. Although...
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October 03, 2019 - 5:26 pm
WHITE PLAINS, N.Y. (AP) — OxyContin maker Purdue Pharma should be prohibited from giving $38 million in employee payouts as it goes through bankruptcy, attorneys general from 24 states said in a court filing Thursday. Purdue has said it needs to make bonus payments to keep employees and maintain...
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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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FILE - In this Jan. 2, 2014 file photo, a Fiat logo pictured on a car in Milan, Italy. Fiat Chrysler has agreed to pay $40 million to settle a complaint by securities regulators that it misled investors by overstating monthly sales numbers. (AP Photo/Antonio Calanni, File)
September 27, 2019 - 1:54 pm
DETROIT (AP) — Fiat Chrysler is paying $40 million to settle with U.S. securities regulators who say the automaker misled investors by overstating its monthly sales numbers over a five-year period. The Italian-American company inflated sales by paying dealers to report fake numbers from 2012 to...
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FILE - In this Sept. 18, 2019, file photo floor governor Michael Smyth works at the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Sept. 26. (AP Photo/Mark Lennihan, File)
September 26, 2019 - 11:48 am
NEW YORK (AP) — U.S. stocks moved broadly lower Thursday as investors pulled back to a defensive stance as an impeachment inquiry into President Donald Trump moves along and U.S. economic growth slows. Technology stocks were among the biggest losers. Cisco Systems fell 2.3% and Nvidia shed 1.5%...
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A passenger walks past a closed Thomas Cook office at Palma de Mallorca airport on Monday, Sept. 23, 2019. Spain's airport operator AENA says that 46 flights have been affected by the collapse of the British tour company Thomas Cook, mostly in the Spanish Balearic and Canary archipelagos. (AP Photo/Francisco Ubilla)
September 25, 2019 - 7:51 am
FRANKFURT, Germany (AP) — The German and Polish units of collapsed tour operator Thomas Cook said Wednesday they were entering bankruptcy proceedings and shutting down normal business operations in the wake of the parent company entering liquidation in Britain. Germany's Thomas Cook said it was...
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British Foreign Office personnel stand by the entrance to Thomas Cook check-in desks in Gatwick Airport, England Monday, Sept. 23, 2019. British tour company Thomas Cook collapsed early Monday after failing to secure emergency funding, leaving tens of thousands of vacationers stranded abroad. (AP Photo/Alastair Grant)
September 23, 2019 - 12:06 pm
LONDON (AP) — The Latest on the collapse of British tour company Thomas Cook (all times local): 4 p.m. Gambian Tourism Minister Hamat Bah has told The Associated Press the country's government has convened an emergency meeting to deal with the collapse of travel company Thomas Cook. People in the...
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