Corporate news

January 04, 2019 - 9:22 am
Ford is recalling more than 953,000 vehicles worldwide to replace Takata passenger air bag inflators that can explode and hurl shrapnel. The move includes 782,000 vehicles in the U.S. and is part of the largest series of recalls in U.S. history. Included are the 2010 Ford Edge and Lincoln MKX, the...
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A woman walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, Jan. 4, 2019. Japanese markets have tumbled as they reopened after the New Year holidays, while other Asian indexes are mixed after a technology-led sell-off on Wall Street. (AP Photo/Eugene Hoshiko)
January 04, 2019 - 7:28 am
SINGAPORE (AP) — Global stocks rose Friday and Wall Street was set to open higher after heavy losses this week, as investors welcomed news of trade talks between the U.S. and China and braced for U.S. jobs data. European shares recouped losses from a day earlier, with Germany's DAX gaining 1.8...
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A woman walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, Jan. 4, 2019. Japanese markets have tumbled as they reopened after the New Year holidays, while other Asian indexes are mixed after a technology-led sell-off on Wall Street. (AP Photo/Eugene Hoshiko)
January 03, 2019 - 11:35 pm
SINGAPORE (AP) — Japanese shares tumbled and Shanghai's benchmark surged Friday as Asian markets steadied following a technology-led sell-off on Wall Street. The Nikkei 225 index started its first trading day of 2019 by falling more than 3 percent. By midday, it was trading 2.8 percent lower at 19,...
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Trader William Lawrence works on the floor of the New York Stock Exchange, Thursday, Jan. 3, 2019. Apple's shock warning that its Chinese sales are weakening ratcheted up concerns about the world's second largest economy and weighed heavily on global stock markets as well as the dollar on Thursday. (AP Photo/Richard Drew)
January 03, 2019 - 10:47 pm
NEW YORK (AP) — The latest on developments in financial markets (all times local): 10:40 p.m. Japanese markets have tumbled as they reopened after the New Year holidays, while other Asian indexes are mixed after a technology-led sell-off on Wall Street. The Nikkei 225 index fell by an unusually...
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FILE- In this May 24, 2018, file photo a Delta Air Lines passenger jet plane, a Boeing 737-900 model, approaches Logan Airport in Boston. Delta Air Lines said Thursday, Jan. 3, 2019, that travel demand remains healthy. However, the lower forecast raised fear among investors that airline revenue and profits could be under pressure in 2019. (AP Photo/Charles Krupa, File)
January 03, 2019 - 6:10 pm
DALLAS (AP) — Airlines stocks were pummeled Thursday after Delta Air Lines Inc. trimmed its revenue forecast for the fourth quarter, renewing investors' fears that airlines will squander the savings they are reaping from the recent drop in fuel prices. Delta shares plunged nearly 9 percent, their...
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FILE - In this June 15, 2005, file photo, a sign stands in front of a Bristol-Myers Squibb building in a Lawrence Township, N.J. Bristol-Myers Squibb is buying Celgene in a cash-and-stock deal valued at about $74 billion. (AP Photo/Mel Evans, File)
January 03, 2019 - 6:00 pm
SUMMIT, N.J. (AP) — Bristol-Myers Squibb is spending $74 billion on fellow drugmaker Celgene in a deal aimed at stocking the combined company's development pipeline with cancer, immunology and cardiovascular treatments. Bristol would gain the cancer treatment Revlimid in the cash-and-stock deal...
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January 03, 2019 - 5:35 pm
A company that owns two national for-profit college chains said Thursday that it will erase nearly $500 million in debt incurred by former students as part of a settlement with 48 states and the District of Columbia. The deal with Career Education Corporation will resolve allegations that it lied...
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A woman browses her iPhone as she walks by a mural depicting an iPhone and Chinese people buy smartphone to communicate with family members, at a subway station in Beijing, Thursday, Jan. 3, 2019. Apple Inc.’s $1,000 iPhone is a tough sell to Chinese consumers who are jittery over an economic slump and a trade war with Washington. The tech giant became the latest global company to collide with Chinese consumer anxiety when CEO Tim Cook said iPhone demand is waning, due mostly to China. Weak consumer demand in the world’s second-largest economy is a blow to industries from autos to designer clothing that are counting on China to drive revenue growth. (AP Photo/Andy Wong)
January 03, 2019 - 11:38 am
BEIJING (AP) — Apple Inc.'s $1,000 iPhone is a tough sell to consumers in China unnerved by an economic slump and the trade war with the U.S. CEO Tim Cook said in a letter to shareholders Wednesday that demand for iPhones is waning and revenue for the last quarter of 2018 will fall well below...
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FILE- In this Nov. 28, 2018, file photo Crystal Odum inspects the front end of a General Motors Chevrolet Cruze at Jamestown Industries in Youngstown, Ohio. On Thursday, Jan. 3, 2019, the Institute for Supply Management, a trade group of purchasing managers, issues its index of manufacturing activity for December. (AP Photo/Tony Dejak, File)
January 03, 2019 - 11:17 am
WASHINGTON (AP) — American factories grew last month at the slowest pace in more than two years, with some manufacturers complaining about the impact of President Donald Trump's contentious trade policies. The Institute for Supply Management, an association of purchasing managers, said Thursday...
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FILE - This Oct. 22, 2018, file photo shows the iPhone XS, from left, iPhone XR, and the iPhone XS Max in New York. Apple hoped to offset slowing demand for iPhones by raising the prices of its most important product, but that strategy seems to have backfired after sales sagged during the holiday shopping season. (AP Photo/Richard Drew, File)
January 03, 2019 - 9:52 am
NEW YORK (AP) — The Latest on sales at Apple Inc., which issued a rare cut to its revenue forecast citing weakness in China (all times local): 9:50 a.m. Shares of Apple are tumbling in early trading after the tech giant issued a rare cut to its revenue forecast due to weakness in China. In a letter...
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