Corporate news

FILE - In this Thursday, Oct. 11, 2007 file photo, Fiat CEO Sergio Marchionne attends an ANFIA (National Association of cars factories) meeting in Rome. On Wednesday, July 25, 2018, holding company of Fiat founding family said Sergio Marchionne, who oversaw turnarounds of Fiat and Chrysler, has died. (AP Photo/Gregorio Borgia, File)
July 25, 2018 - 5:58 am
MILAN (AP) — Sergio Marchionne, a charismatic and demanding leader who engineered two long-shot corporate turnarounds to save both Fiat and Chrysler from near-certain failure, died Wednesday. He was 66. The Exor holding company of the Fiat founding family Agnelli announced Marchionne's death in...
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In this Wednesday, July 11, 2018, photo, Ben Kovler, CEO, Green Thumb Industries poses for a portrait at the company's office in Chicago. Green Thumb Industries had a business plan, expertise and plenty of ambition, but didn’t have access to enough capital to grow its marijuana business. Last month, the company with $20 million in revenue from pot shops in seven states turned its gaze north and went public in Canada, where marijuana soon will be broadly legalized nationwide. (AP Photo/Charles Rex Arbogast)
July 25, 2018 - 3:31 am
PORTLAND, Ore. (AP) — U.S.-based marijuana businesses are lining up to list on the Canadian Securities Exchange to tap into financing from institutional investors put off by the U.S. ban on pot. Bastions of America's marijuana industry like MedMen, Green Thumb Industries, Acreage Holdings and Canna...
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July 25, 2018 - 3:24 am
FRANKFURT, Germany (AP) — Germany's struggling Deutsche Bank said Wednesday that net profit fell to 401 million euros ($467 million) in the second quarter from 466 million euros a year earlier as the bank incurred higher costs from its drawn-out restructuring. Still, the profit figure beat analyst...
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Investors monitor stock prices at a brokerage in Beijing, China, Wednesday, July 25, 2018. Asian stock markets were mostly higher Wednesday after Wall Street gained on strong corporate earnings. (AP Photo/Ng Han Guan)
July 25, 2018 - 1:46 am
BEIJING (AP) — Asian stock markets rose Wednesday after Wall Street gained on strong corporate earnings amid U.S.-Chinese trade tensions. KEEPING SCORE: Tokyo's Nikkei 225 index gained 0.4 percent to 22,598.47 and the Shanghai Composite Index added 0.1 percent to 2,908.14. Hong Kong's Hang Seng...
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July 24, 2018 - 10:14 pm
JEFFERSON CITY, Mo. (AP) — Democratic U.S. Sen. Claire McCaskill announced Tuesday that she wants to enshrine into law federal recommendations to improve duck boat safety such as getting rid of canopies that can trap passengers if the vehicles sink, a move that comes after a deadly accident in...
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Trader Gordon Charlop works on the floor of the New York Stock Exchange, Tuesday, July 24, 2018. Stocks are opening broadly higher on Wall Street as investors were pleased to see strong earnings reports from a number of U.S. companies. (AP Photo/Richard Drew)
July 24, 2018 - 3:38 pm
U.S. stock indexes were mostly higher Tuesday afternoon as investors welcomed some strong corporate earnings reports. Gains in health care and technology companies outweighed losses by consumer goods manufacturers, utilities and other sectors. Small-company stocks fell. KEEPING SCORE: The S&P...
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FILE- This April 27, 2017, file photo shows the Harley-Davidson name on the gas tank of a bike in Glenview, Ill. Harley-Davidson topped Wall Street expectations again on steady sales in Latin America, Europe, Middle East and Africa, though shipments slipped by 11 percent in the second quarter and the company warned that new EU tariffs would pressure operating margins. (AP Photo/Nam Y. Huh, File)
July 24, 2018 - 12:54 pm
MILWAUKEE (AP) — Harley-Davidson expects new tariffs to increase the company's annual costs by as much as $100 million as long as the trade dispute between the U.S. and other countries goes on. Executives with the Milwaukee company spoke with investors Tuesday for the first time since announcing...
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FILE - In this Jan. 14, 2015, file photo, movie director James Cameron talks to reporters at an event in Wellington, New Zealand. Filmmaker Cameron is backing a bid announced Tuesday July 24, 2018, by a group of British museums to raise US dollars 20 million (15 million pounds) to buy 5,500 Titanic artefacts from the private American company that salvaged them from the wreck of the passenger liner RMS Titanic.(AP Photo/Nick Perry, File)
July 24, 2018 - 7:38 am
LONDON (AP) — Filmmaker James Cameron and Titanic discoverer Robert Ballard are backing a bid by a group of British museums to acquire a collection of 5,500 artifacts from the sunken vessel. The campaign announced Tuesday aims to raise $20 million (15 million pounds) to buy the items from a private...
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July 24, 2018 - 5:07 am
PARIS (AP) — PSA Group, the maker of Peugeot and Citroen cars, is doing what General Motors failed to do in 20 years: make the mass market brands Opel Vauxhall profitable. The French company, which bought Opel Vauxhall from GM last year, said Tuesday that the unit made an operating profit of 502...
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FILE - In this Friday, May 21, 2010 file photo, Chrylser CEO Sergio Marchionne, left, is seen with Jeep brand President and CEO Mike Manley at the Jefferson North Assembly Plant, in Detroit. Fiat Chrysler's board recommends Jeep executive Mike Manley to replace seriously ill CEO Sergio Marchionne, Saturday, July 21, 2018. (AP Photo/Carlos Osorio, File)
July 23, 2018 - 11:53 pm
MILAN (AP) — Fiat Chrysler shares were volatile Monday as investors expressed worry about the exit of ailing CEO Sergio Marchionne, whose driven and creative management style has been the company's fortune. Shares in the Italian-American carmaker closed down 1.5 percent after a harder 4 percent...
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