Corporate news

Specialist Anthony Matesic, center, works with traders at his post on the floor of the New York Stock Exchange, Wednesday, Aug. 21, 2019. Stocks are rising broadly in early trading on Wall Street as investors applauded encouraging quarterly results from major retailers. (AP Photo/Richard Drew)
August 21, 2019 - 1:40 pm
U.S. stocks marched broadly higher in afternoon trading Wednesday as investors welcomed a batch of strong earnings reports from several big retailers. Target and Lowe's surged, leading a rally in retail stocks, as the market bounced back from its first loss in four days. Technology companies...
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FILE - In this July 10, 2019, file photo shoppers visit the downtown Target Store in Minneapolis. Target Corp. reports financial results Wednesday, Aug. 21. (AP Photo/Jim Mone, File)
August 21, 2019 - 8:41 am
NEW YORK (AP) — Target topped expectations in just about any way measureable during the second quarter as it pushed faster delivery for customers and invested heavily in new private label brands. Comparable store sales, which include online sales, rose 3.4 % as customer traffic jumped 2.4%. The...
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August 20, 2019 - 5:17 pm
WASHINGTON (AP) — The Justice Department is suing to block Sabre Corp. from buying Farelogix, a rival provider of technology services to airlines. In a civil lawsuit filed Tuesday, the government says Sabre pursued the $360 million deal to eliminate a competitor that has disrupted the market with...
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August 20, 2019 - 5:17 pm
Two pharmaceutical companies have reached settlements totaling $15 million to avoid being defendants in the first federal trial on the drug industry's accountability for a nationwide opioid crisis. Dublin, Ireland-based Endo Pharmaceuticals announced Tuesday that it has agreed to pay the Ohio...
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FILE - In this July 11, 2019, file photo Weber grills are displayed at the Home Depot store in Londonderry, N.H. The Home Depot Inc. on Tuesday, Aug. 20, reported fiscal second-quarter net income of $3.48 billion. (AP Photo/Charles Krupa, File)
August 20, 2019 - 4:37 pm
Americans continue to shop, vacation and buy cars at a brisk clip. But corporate America is starting to worry out loud that President Donald Trump's tariffs will depress consumer spending and undermine the economy. Home Depot, the nation's largest home improvement chain, said as much on Tuesday,...
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FILE - In this July 30, 2019, file photo, the social media application, Facebook is displayed on Apple's App Store. Facebook is launching a long-promised tool that lets users block the social network from gathering information about them on outside websites and apps. Facebook said Tuesday, Aug. 20, that it is adding a place where users can see the activity that Facebook tracks outside its service. If they want, they can turn it off. (AP Photo/Amr Alfiky)
August 20, 2019 - 2:28 pm
SAN FRANCISCO (AP) — Soon, you could get fewer familiar ads following you around the internet — or at least on Facebook. Facebook is launching a long-promised tool that lets you limit what the social network can gather about you on outside websites and apps. The company said Tuesday that it is...
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Huawei's founder Ren Zhengfei, looks on during an interview at the Huawei campus in Shenzhen in Southern China's Guangdong province on Tuesday, Aug. 20, 2019. Ren said he expects no relief from U.S. export curbs due to the political climate in Washington but expresses confidence the company will thrive with its own technology. (AP Photo/Ng Han Guan)
August 20, 2019 - 12:28 pm
SHENZHEN, China (AP) — The founder of Chinese tech giant Huawei said Tuesday he expects no relief from U.S. export curbs because of the political climate in Washington but expressed confidence the company will thrive because it is developing its own technology. Ren Zhengfei also said he doesn't...
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August 20, 2019 - 11:06 am
MADRID (AP) — Health authorities in Spain are on high alert after a 90-year-old woman died amid a listeria outbreak in the southern region of Andalusia that has affected more than 110 people. José Miguel Cisneros, director of the infectious disease department at Seville's Virgen del Rocío Hospital...
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A woman walks by an electronic stock board of a securities firm in Tokyo, Tuesday, Aug. 20, 2019. Asian shares were mostly higher Tuesday after Wall Street rallied on the U.S. decision to give Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. (AP Photo/Koji Sasahara)
August 20, 2019 - 8:08 am
TOKYO (AP) — Global shares were mixed Tuesday after rallying a day earlier on the U.S. decision to give Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. Markets around the world have been swinging back and forth for months on incremental developments in the U.S...
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August 20, 2019 - 6:04 am
FRANKFURT, Germany (AP) — Indiana-based Elanco Animal Health says it has agreed to buy the veterinary medicines business of Germany's Bayer AG for $7.6 billion in cash and stock. Elanco said in a news release Tuesday that the deal would mean an expanded portfolio of treatments as well as more...
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