Corporate news

FILE - In this March 6, 2019 photo, Michael Cohen, President Donald Trump's former personal lawyer departs the Capitol in Washington. Prosecutors aren’t quite finished investigating campaign finance violations by Cohen. A federal judge in New York agreed Tuesday, May 21 to keep search warrant materials related to the investigation under seal until at least mid-July after prosecutors submitted a letter explaining that the probe is still ongoing. Cohen is serving a three-year prison sentence after admitting paying off two women who claimed they had affairs with Trump. (AP Photo/J. Scott Applewhite, File)
May 22, 2019 - 5:35 pm
WASHINGTON (AP) — It was Michael Cohen's numerous contacts with a Russia-linked company and a sudden flow of foreign money into a bank account he controlled that led federal investigators to look into whether the money might be part of a plan to lift U.S. sanctions on Russia, according to court...
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FILE - In this Dec. 16, 2017, file photo provided by the Santa Barbara County Fire Department, flames burn near power lines in Sycamore Canyon near West Mountain Drive in Montecito, Calif. Pacific Gas & Electric Corp. has received approval to establish a $105 million fund to help survivors of recent California wildfires started by the utility's power lines. A federal judge overseeing PG&E's bankruptcy case approved the utility's "wildfire assistance program" on Wednesday, May 22, 2019. (Mike Eliason/Santa Barbara County Fire Department via AP, File)
May 22, 2019 - 4:53 pm
SAN FRANCISCO (AP) — Pacific Gas & Electric Corp. received approval Wednesday to establish a $105 million fund to help survivors of recent California wildfires started by the utility's equipment. A federal judge overseeing PG&E's bankruptcy case approved the utility's wildfire assistance...
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May 22, 2019 - 3:20 pm
CHICAGO (AP) — CEO Oscar Munoz says he will be aboard United Airlines' first flight of a Boeing 737 Max once regulators agree to let the aircraft fly again. Munoz made the promise after Chicago-based United's annual meeting with shareholders Wednesday. In crashes in Indonesia in October and...
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FILE - This combination of Sept. 27, 2012, file photos, show Jay Peak Resort co-owner Ariel Quiros, left, and Jay Peak Resort co-owner and CEO Bill Stenger at a news conference in Newport, Vt.  Fraud charges were filed Wednesday, May 22, 2019, against former Jay Peak owner Ariel Quiros, of Florida, and former president, William Stenger, of Newport. The pair are accused in a multimillion-dollar fraud case on multiple federal charges over a failed plan to build a biotech facility using foreign investors' money. (Robin Smith/Caledonian-Record via AP, File)
May 22, 2019 - 12:09 pm
BURLINGTON, Vt. (AP) — The former owner and former president of a Vermont ski resort accused in a multimillion-dollar fraud case have been indicted on multiple federal charges over a failed plan to build a biotechnology plant using foreign investors' money. The fraud charges against former Jay Peak...
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May 22, 2019 - 9:05 am
READING, Pa. (AP) — A federal judge says he intends to approve the sale of the Reading Eagle to a company known for taking over struggling newspapers and then cutting jobs. MediaNews Group, better known as Digital First Media, offered $5 million for the assets of the Reading Eagle Co., which filed...
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FILE - In this Nov. 6, 2018 file photo, attendees look at the latest technology from Qualcomm at the China International Import Expo in Shanghai. Qualcomm’s stock is tumbling before Wednesday’s market open on May 22, 2019, after a federal judge ruled that the company unlawfully stifled cellphone chip market competition and charged excessive licensing fees. (AP Photo/Ng Han Guan, File)
May 22, 2019 - 8:17 am
NEW YORK (AP) — The Latest on federal judge's ruling against Qualcomm (all times local): 11:15 a.m. A federal ruling against Qualcomm is likely to reduce the licensing fees paid on the sales of smartphones. But it's unclear if device makers such as Apple will pass on any of their savings and lower...
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FILE- This May 3, 2017, file photo shows the Target logo on a store in Upper Saint Clair, Pa. An aggressive campaign at Target to let customers do more online is paying off. The retailer on Wednesday, May 22, 2019, exceeded first quarter expectations on just about every level, saying the same day services it's rolled out in recent years drove more than 25 percent of comparable sales growth. (AP Photo/Gene J. Puskar, File)
May 22, 2019 - 7:32 am
NEW YORK (AP) — An aggressive campaign at Target to let customers do more online is paying off. The retailer exceeded first quarter expectations on just about every level, saying the same day services it's rolled out, including picking up online orders at the store, drove more than 25% of...
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Daimler CEO Dieter Zetsche, left, and incoming Daimler CEO Ola Kaellenius, right, pose prior to the annual shareholder meeting of the car manufacturer Daimler in Berlin, Germany, Wednesday, May 22, 2019. (AP Photo/Michael Sohn)
May 22, 2019 - 1:44 am
FRANKFURT, Germany (AP) — Daimler CEO Dieter Zetsche is handing off to his successor after 13 years at the helm as the company faces challenges from the transition to electric cars and digital transportation technologies. Zetsche received prolonged applause from shareholders at the company's annual...
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FILE - In this Jan. 12, 2016, file photo, a ride share car displays Lyft and Uber stickers on its front windshield in downtown Los Angeles. One in six Uber and Lyft drivers in the New York City and Seattle areas are driving vehicles with outstanding recalls, according to Consumer Reports. But taking a taxi or limousine isn’t necessarily a safer option as nearly a quarter of traditional for-hire vehicles in New York City also have outstanding recalls, Consumer Reports said. (AP Photo/Richard Vogel, File)
May 21, 2019 - 5:43 pm
NEW YORK (AP) — One out of six Uber and Lyft drivers in the New York City and Seattle areas are driving vehicles with outstanding recalls, according to Consumer Reports. But taking a taxi or limousine isn't necessarily a safer option: nearly a quarter of traditional for-hire vehicles in New York...
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FILE- In this Feb. 26, 2019 file photo, Jeep vehicles are parked outside the Jefferson North Assembly Plant in Detroit. Fiat Chrysler can move forward with plans to build a new, $1.6 million assembly plant on Detroit's Eastside and invest $900 million to retool and modernize another. The Detroit City Council on Tuesday approved land deals and community benefits agreements tied to the project. They include a four-week exclusive window Detroit residents will have to apply for jobs at the facilities once laid-off workers and temporary employees are considered. Fiat Chrysler expects to add 4,950 new jobs. (AP Photo/Carlos Osorio, File)
May 21, 2019 - 3:18 pm
DETROIT (AP) — Fiat Chrysler can move forward with plans to build a new, $1.6 billion assembly plant in Detroit and invest $900 million to retool and modernize another. Land deals and community benefits agreements tied to the project were approved Tuesday by the Detroit City Council, shortly before...
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