Corporate news

October 03, 2019 - 5:48 pm
SAN FRANCISCO (AP) — HP Inc.’s new CEO has unveiled the company’s latest plan to streamline its operations — one that envisions cutting its workforce by as much as 16% over the next three years. The personal computer and printer maker says it expects to drop 7,000 to 9,000 people from its global...
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FILE - This May 6, 2013 file photo shows a wind turbine farm owned by PacifiCorp near Glenrock, Wyo. Western U.S. electrical utility PacifiCorp plans to move faster away from coal-fired power while getting more juice from the sun and wind, the company announced Thursday, Oct. 3, 2019. (AP Photo/Matt Young,File)
October 03, 2019 - 2:59 pm
CHEYENNE, Wyo. (AP) — A major Western utility said Thursday it plans to speed up its move away from coal-fired power and get more juice from the sun and wind. Citing financial incentives, Portland, Oregon-based PacifiCorp said it wants to reduce coal-fired generation by two-thirds by 2030 while...
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October 03, 2019 - 2:26 pm
WHITE PLAINS, N.Y. (AP) — OxyContin maker Purdue Pharma should be prohibited from giving $38 million in employee payouts as it goes through bankruptcy, attorneys general from 24 states said in a court filing Thursday. Purdue has said it needs to make bonus payments to keep employees and maintain...
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Democratic presidential candidate Sen. Elizabeth Warren, D-Mass., speaks during a gun safety forum Wednesday, Oct. 2, 2019, in Las Vegas. (AP Photo/John Locher)
October 03, 2019 - 6:14 am
WASHINGTON (AP) — Facebook’s CEO said his company is ready to “go to the mat” to stop Elizabeth Warren from breaking up tech giants. Amazon accused her of getting facts wrong. And some Democratic donors with ties to Wall Street have quietly said they’ll sit out the election or vote for President...
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In this Sept. 26, 2019, photo, cars pass Rockefeller University in New York. Prestigious universities around the world, including Rockefeller, have accepted at least $60 million over the past five years from the family that owns the maker of OxyContin, even as the company became embroiled in lawsuits related to the opioid epidemic, financial records show. Rockefeller accepted more money from the Sacklers than any other school in recent history. (AP Photo/Mark Lennihan)
October 03, 2019 - 3:36 am
BOSTON (AP) — Prestigious universities around the world have accepted at least $60 million over the past five years from the family that owns the maker of OxyContin, even as the company became embroiled in lawsuits related to the opioid epidemic, financial records show. Some of the donations...
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October 03, 2019 - 1:02 am
COPENHAGEN, Denmark (AP) — Low-cost fashion retailer Hennes & Mauritz AB says its third-quarter profit jumped 25% to 5 billion kronor on strong summer sales as the Swedish group’s recovery is well underway after a strategy shift. The Stockholm-based group says its quarterly sales increased by...
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In this Aug. 23, 2019 photo, former U.S. Attorney Dan Webb takes the oath of special prosecutor before Judge Michael Toomin, during an status hearing concerning actor Jussie Smollett at the Leighton Criminal Court building, in Chicago. The latest twist in the Jussie Smollett saga is the revelation of a possible conflict of interest by the special prosecutor investigating why prosecutors dropped charges accusing the actor of staging a racist, homophobic attack on himself. Dan Webb disclosed this week he once co-hosted a political fundraiser for a figure central to his investigation, Cook County State's Attorney Kim Foxx. A Cook County judge must now decide if bias or the appearance of bias renders Webb's position untenable.(Antonio Perez/ Chicago Tribune via AP, Pool)
October 02, 2019 - 4:49 pm
CHICAGO (AP) — A Chicago judge could decide this week whether the special prosecutor investigating possible conflicts of interest in Jussie Smollett’s criminal case has a conflict himself, the latest twist in a saga marked by turns and reversals since the “Empire” actor reported a racist,...
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FILE - In this May 31, 2017 file photo, then-state Sen. Ricardo Lara, D-Bell Gardens, speaks at a Capitol news conference in Sacramento, Calif. Lara, who is now the California Insurance Commissioner, announced Wednesday, Oct. 2, 2019, that Mercury Insurance Co. is ending its two-decade battle with California regulators by agreeing to pay the state more than $41 million in property and casualty penalty and interest payments. (AP Photo/Rich Pedroncelli, File)
October 02, 2019 - 11:07 am
SACRAMENTO, Calif. (AP) — Mercury Insurance Co. is ending its two-decade battle with California regulators over extra fees charged to customers by agreeing to pay the state more than $41 million, California Insurance Commissioner Ricardo Lara said Wednesday. He said it’s the largest property and...
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A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Wednesday, Oct. 2, 2019. Asian shares are lower after U.S. stocks posted their worst loss in five weeks on Wednesday after a surprisingly limp report on the nation’s manufacturing that stirred worries about the economic outlook.(AP Photo/Eugene Hoshiko)
October 01, 2019 - 11:05 pm
BANGKOK (AP) — Asian shares followed U.S. stocks lower after a disappointing update on American manufacturing that stirred worries about the economic outlook. Japan's Nikkei 225 index shed 0.5% to 21,778.61 while the Hang Seng in Hong Kong lost 0.2% to 26,029.11. Sydney's S&P ASX 200 gave up 1...
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FILE - In this June 17, 2019, file photo, a cashier displays a packet of tobacco-flavored Juul pods at a store in San Francisco. Juul Labs said Monday, Sept. 30, 2019, that it will stop supporting a ballot measure to overturn an anti-vaping law in San Francisco, effectively killing the campaign. (AP Photo/Samantha Maldonado, File)
October 01, 2019 - 1:06 pm
SAN FRANCISCO (AP) — A campaign to defeat an industry-backed e-cigarette measure on San Francisco's ballot will push on despite the announcement by Juul Labs Inc. that it will stop financially supporting the proposal to overturn a city ban on e-cigarettes and vape product sales. The San Francisco...
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