Corporate news

July 30, 2019 - 4:32 am
TOKYO (AP) — Sony Corp. has reported a 33% drop in its fiscal first quarter profit as sales dipped in its electronics operations, including TV sets and camcorders. The Japanese electronics and entertainment company reported Tuesday that its April-June profit totaled 152 billion yen ($1.4 billion),...
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July 30, 2019 - 4:06 am
TOKYO (AP) — Japanese video game maker Nintendo Co. has reported its fiscal first quarter profit dipped to about half of what it was a year earlier despite improved sales as an unfavorable exchange rate eroded earnings. Nintendo said Tuesday its profit in the April-June quarter totaled 16.6 billion...
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FILE - In this Sept. 21, 2016, file photo EpiPens that Mylan CEO Heather Bresch bought with her are seen on Capitol Hill in Washington as she testifies before the House Oversight Committee hearing on EpiPen price increases. Pfizer, the country's largest drugmaker, will absorb the generic pharmaceutical company Mylan, potentially creating a global generic powerhouse, the two companies said Monday, July 29, 2019. (AP Photo/Pablo Martinez Monsivais, File)
July 29, 2019 - 5:48 pm
Pfizer, the country's largest drugmaker, is creating a hybrid new drug company by combining its off-patent branded drug business with the generic pharmaceutical company Mylan. Pfizer's Upjohn, which sells one-time blockbusters like Viagra and Lipitor that have lost patent protection, will be spun...
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July 29, 2019 - 4:32 pm
NEW YORK (AP) — Uber is laying off 400 employees in marketing, about a quarter of the marketing team's global workforce of 1,200 people. The move, announced Monday, follows a leadership shake-up in June when CEO Dara Khosrowshahi combined the company's marketing, communications and policy teams...
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FILE - In this June 26, 2019, file photo, a package of meatless burgers by Beyond Meat are seen in Orlando, Fla. Beyond Meat reports financial earns Monday, July 29. (AP Photo/John Raoux, File)
July 29, 2019 - 4:29 pm
EL SEGUNDO, Calif. (AP) — Plant-based meat company Beyond Meat is raising its 2019 outlook after a big jump in restaurant and food service sales in the second quarter. The El Segundo-based company expects full-year revenue to exceed $240 million, up from its prior forecast of $210 million. Ten-year...
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FILE - In this July 22, 2019, file photo trader William Lawrence works on the floor of the New York Stock Exchange. U.S. stocks moved lower in early trading on Wall Street Monday, July 29, as investors pulled back after pushing stocks to record highs last week. (AP Photo/Richard Drew, File)
July 29, 2019 - 3:53 pm
Stocks headed lower in late-afternoon trading on Wall Street Monday, placing the market on track to give back some of its gains after reaching new highs last week. The cautious start to the week came about as investors looked ahead to a busy week of potential market-moving developments, including...
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July 29, 2019 - 11:14 am
WASHINGTON (AP) — U.S. business economists expect economic growth to slow this year, and a rising proportion of them think corporate sales and profits will decline. The National Association for Business Economics said Monday that its quarterly survey of business conditions found that the Trump...
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In this June 3, 2014 photo, Disney legend Russi Taylor stands amidst the long shadows at the Disney Legend Plaza at Disney Studios in Burbank, Calif. Taylor, an actress who for more than three decades gave voice to Minnie Mouse, has died on Friday, July 26, 2019, at age 75. Walt Disney Co. chairman Bob Iger announced Taylor’s death in a statement Saturday. (Gina Ferazzi/Los Angeles Times via AP)
July 27, 2019 - 7:43 pm
GLENDALE, Calif. (AP) — Russi Taylor, an actress who gave voice to Minnie Mouse for more than three decades, has died. Walt Disney Co. chairman Bob Iger announced Taylor's death in a statement Saturday. Taylor died Friday in Glendale, California, Disney said. She was 75. The cause was not...
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July 27, 2019 - 2:05 am
WASHINGTON (AP) — The Supreme Court cleared the way Friday for the Trump administration to tap billions of dollars in Pentagon funds to build sections of a border wall with Mexico. The court's five conservative justices gave the administration the greenlight to begin work on four contracts it has...
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In this June 11, 2018 photo, President Donald Trump's sons, Eric Trump, third from left, and Donald Trump Jr., second from right, talk with guests at the opening of the Trump Golf Links clubhouse in the Bronx borough of New York. Behind them is the Whitestone Bridge. President Donald Trump's company posted annual losses at his golf course in the Bronx for the first time since it opened four years ago as expenses rose, greens fees barely budged and the opening of a clubhouse was delayed. (AP Photo/Mark Lennihan)
July 26, 2019 - 7:04 pm
NEW YORK (AP) — President Donald Trump's company posted annual losses at his golf course in the Bronx for the first time since it opened four years ago as expenses rose, greens fees barely budged and the opening of a clubhouse was delayed. The $122,127 loss is tiny for the multimillion-dollar Trump...
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