Corporate news

September 17, 2019 - 3:20 pm
WASHINGTON (AP) — Senate Democrats are challenging a new Justice Department probe into a deal between California and four big automakers, accusing the Trump administration of using antitrust powers to target political opponents. Sen. Sheldon Whitehouse of Rhode Island told the Justice Department's...
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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 on Tuesday, Sept. 17, 2019, deepened its ties with a Kentucky manufacturing plant by awarding $250 million to support Corning Inc.’s continued work to develop glass for iPhones and other devices. The award builds on the $200 million that Corning received from Apple’s Advanced Manufacturing Fund in 2017, the tech giant said. (AP Photo/Richard Drew, File)
September 17, 2019 - 11:20 am
FRANKFORT, Ky. (AP) — Apple on Tuesday deepened its ties with a Kentucky manufacturing plant by awarding $250 million to support Corning Inc.'s continued work to develop glass for iPhones and other devices. The award builds on the $200 million that Corning received from Apple's Advanced...
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This image provided on Sunday, Sept. 15, 2019, by the U.S. government and DigitalGlobe and annotated by the source, shows damage to the infrastructure at Saudi Aramco's Kuirais oil field in Buqyaq, Saudi Arabia. The drone attack Saturday on Saudi Arabia's Abqaiq plant and its Khurais oil field led to the interruption of an estimated 5.7 million barrels of the kingdom's crude oil production per day, equivalent to more than 5% of the world's daily supply. (U.S. government/Digital Globe via AP)
September 17, 2019 - 11:02 am
DUBAI, United Arab Emirates (AP) — The Latest on tensions in the Persian Gulf and the fallout after weekend attack on major oil sites in Saudi Arabia (all times local): 10 p.m. Saudi Arabia's energy minister says 50% of the production cut by the attack on its oil processing plant has been restored...
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FILE - In this June 24, 2019, file photo Ford's employees work on a Ford Explorer line at Ford's Chicago Assembly Plant in Chicago. On Tuesday, Sept. 17, the Federal Reserve reports on U.S. industrial production for August. (AP Photo/Amr Alfiky, File)
September 17, 2019 - 6:50 am
WASHINGTON (AP) — U.S. factory output increased in August at a solid clip, reversing a sharp drop in July, as production of metals, machinery and chemicals all rose. The Federal Reserve said Tuesday that manufacturing production climbed 0.5% last month, after a 0.4% drop in July. Despite the...
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FILE - In this Monday, April 10, 2017 file photo, the chief of the Ukrainian Central Bank Valeria Gontareva makes a statement on her resignation during a press conference in Kyiv, Ukraine. Police said in a statement on Tuesday Sept. 17, 2019, that they are investigating a suspected arson attack late Monday on the house of Valeria Gontareva outside the capital, Kyiv, in the third chilling incident concerning the banker. (AP Photo/Sergei Chuzavkov, File)
September 17, 2019 - 5:58 am
MINSK, Belarus (AP) — The home of Ukraine's former central bank chief has been burned to the ground, the third chilling incident involving the banker over the past few weeks. Police said in a statement Tuesday that they are investigating a suspected arson attack late Monday on the house of Valeria...
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FILE - In this Jan. 16, 2018 file photo, Adam Neumann, co-founder and CEO of WeWork, attends the opening bell ceremony at Nasdaq, in New York. WeWork is delaying its IPO, saying it now expects the offering to be completed by the end of the year. The office-sharing company is hoping to restore investor confidence amid doubts about its ability to make money and decisions that’ve raised concerns about its CEO. (AP Photo/Mark Lennihan, File)
September 17, 2019 - 5:14 am
NEW YORK (AP) — WeWork is pushing back its public debut with investor confidence in the office share company once valued at around $47 billion appearing to grow shaky. Wall Street had expected WeWork to begin a road show to market its shares as early as next week. The company said recently that...
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September 17, 2019 - 3:47 am
HONG KONG (AP) — AB InBev, the world's largest brewer that produces Budweiser and Corona, has revived plans to list its Asian business in Hong Kong but halved the size of its initial public offering. The move comes two months after it temporarily shelved plans to raise $9.8 billion in what would...
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General Motors employees Bobby Caughel, left, and Flint resident James Crump, shout out as they protest with other GM employees, United Auto Workers members and labor supporters outside of the Flint Assembly Plant on Monday, Sept. 16, 2019 in Flint, Mich. Thousands of members of the United Auto Workers walked off General Motors factory floors or set up picket lines early Monday as contract talks with the company deteriorated into a strike. (Jake May/The Flint Journal via AP)
September 17, 2019 - 12:37 am
DETROIT (AP) — Talks continued into the night but there was no end to the strike against General Motors. The walkout by upward of 49,000 United Auto Workers members has brought to a standstill more than 50 factories and parts warehouses in the union's first strike against the No. 1 U.S. automaker...
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Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Sept. 17, 2019. Shares were mostly lower in Asia on Tuesday after an attack on Saudi Arabia’s biggest oil processing plant caused crude prices to soar, prompting selling of airlines and other fuel-dependent industries. (AP Photo/Ahn Young-joon)
September 16, 2019 - 11:55 pm
BANGKOK (AP) — Shares were mixed in Asia on Tuesday, led by declines in Chinese benchmarks after the credit ratings agency Moody's downgraded Hong Kong, citing the city's recent political turmoil. The U.S. and international benchmarks for crude fell back slightly after vaulting more than 14%...
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FILE - In this Saturday, Dec. 22, 2018, file photo, a guest takes a puff of a cannabis vape pen during a marijuana event in downtown Los Angeles. A short walk from police headquarters in the heart of downtown, a cluster of bustling shops are openly selling packaging and hardware that can be used to produce counterfeit, and potentially dangerous, marijuana vapes that have infected California's cannabis market and possibly sickened dozens of people. (AP Photo/Richard Vogel, File)
September 16, 2019 - 10:29 pm
LOS ANGELES (AP) — A short walk from police headquarters in the heart of downtown Los Angeles, a cluster of bustling shops are openly selling packaging and hardware that can be used to produce counterfeit marijuana vapes that have infected California's cannabis market. Bootleggers eager to profit...
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