Corporate news

FILE - In this Tuesday, May 7, 2019, file photo, women select clothing at an American fast fashion retailer Forever 21 which is offering clearance discounts at a shopping mall after it pulled out from China's market, in Beijing. Low-price fashion chain Forever 21, a one-time hot destination for teen shoppers that fell victim of its own rapid expansion and changing consumer tastes, announced Sunday, Sept. 29, 2019, that it has filed for Chapter 11 bankruptcy protection. (AP Photo/Andy Wong, File)
September 29, 2019 - 7:42 pm
NEW YORK (AP) — Low-price fashion chain Forever 21, a one-time hot destination for teen shoppers that fell victim to its own rapid expansion and changing consumer tastes, has filed for Chapter 11 bankruptcy protection. The privately held company based in Los Angeles said Sunday it will close up to...
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September 29, 2019 - 7:37 pm
NEW YORK (AP) — Low-price fashion chain Forever 21, a one-time hot destination for teen shoppers that fell victim to its own rapid expansion and changing consumer tastes, has filed for Chapter 11 bankruptcy protection. The privately held company based in Los Angeles said Sunday it will close up to...
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FILE - In this Sept. 18, 2019, file photo Stock trader Gregory Rowe works at the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Sept. 27. (AP Photo/Mark Lennihan, File)
September 27, 2019 - 11:02 am
Technology companies led a broad slide in stocks on Wall Street Friday afternoon as investors worry about the potential for another escalation in the trade war between the U.S. and China. The selling followed a report by Bloomberg saying that the Trump administration is considering ways to limit U...
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FILE - In this Jan. 2, 2014 file photo, a Fiat logo pictured on a car in Milan, Italy. Fiat Chrysler has agreed to pay $40 million to settle a complaint by securities regulators that it misled investors by overstating monthly sales numbers. (AP Photo/Antonio Calanni, File)
September 27, 2019 - 10:54 am
DETROIT (AP) — Fiat Chrysler is paying $40 million to settle with U.S. securities regulators who say the automaker misled investors by overstating its monthly sales numbers over a five-year period. The Italian-American company inflated sales by paying dealers to report fake numbers from 2012 to...
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President Donald Trump meets with Ukrainian President Volodymyr Zelenskiy at the InterContinental Barclay New York hotel during the United Nations General Assembly, Wednesday, Sept. 25, 2019, in New York. (AP Photo/Evan Vucci)
September 27, 2019 - 10:33 am
MOSCOW (AP) — Ukraine's top anti-corruption official said Friday his agency hasn't investigated former U.S. Vice President Joe Biden or his son as U.S. President Donald Trump has suggested. Trump's call on Ukrainian President Volodymyr Zelenskiy to investigate his political rival Biden and his son...
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This Sept. 20, 2019, photo, shows General Motors workers Matt Himes and Tammy Hudak in Spring Hill, Tenn. Both Himes and Hudak grew up in the shadow of the 6-million-square-foot GM plant in Lordstown, Ohio, and went to work there. Now they are among those who uprooted to work at GM's facility in Spring Hill, Tenn. (AP Photo/Mark Humphrey)
September 27, 2019 - 9:23 am
TOLEDO, Ohio (AP) — It's looking less likely that General Motors will be making vehicles again at the Lordstown, Ohio, assembly plant that shut down last winter. Instead, GM wants to sell the plant to a fledgling electric vehicle maker and build a battery factory. The plant's fate is playing out...
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September 27, 2019 - 4:26 am
SAN FRANCISCO (AP) — Wells Fargo is naming the CEO of Bank of New York Mellon to lead the bank which has been plagued by scandal in recent years. The San Francisco bank said Friday that Charles Scharf will take over for C. Allen Parker, who has led Wells Fargo since March after its second CEO...
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Democratic presidential candidate former Vice President Joe Biden walks on stage to speak at the Polk County Democrats Steak Fry, Saturday, Sept. 21, 2019, in Des Moines, Iowa. (AP Photo/Charlie Neibergall)
September 26, 2019 - 3:15 pm
Democratic presidential candidates are united in condemning President Donald Trump for seeking a foreign country's help to trash a domestic political rival. But when it comes to defending the president's target, former Vice President Joe Biden, it's more complicated. Massachusetts Sen. Elizabeth...
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This combination photo shows actress-singer Jennifer Lopez performing at the Directv Super Saturday Night in Minneapolis on Feb. 3, 2018, left, and Shakira performing at Madison Square Garden in New York on Aug. 10, 2018. The NFL, Pepsi and Roc Nation announced Thursday, Sept. 26, 2019, that Lopez and Shakira will perform at the 2020 Pepsi Super Bowl Halftime Show on Feb. 2, 2020 at Hard Rock Stadium in Miami Gardens, Fla. (Photo by Michael Zorn/Invision/AP)
September 26, 2019 - 12:49 pm
NEW YORK (AP) — Jennifer Lopez and Shakira are going to bring the heat to the 2020 Pepsi Super Bowl Halftime Show. NFL, Pepsi and Roc Nation announced Thursday that the superstar performers, who have released music in Spanish and English since the 1990s, will perform on February 2 at Hard Rock...
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FILE - In this Sept. 18, 2019, file photo floor governor Michael Smyth works at the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Sept. 26. (AP Photo/Mark Lennihan, File)
September 26, 2019 - 8:48 am
NEW YORK (AP) — U.S. stocks moved broadly lower Thursday as investors pulled back to a defensive stance as an impeachment inquiry into President Donald Trump moves along and U.S. economic growth slows. Technology stocks were among the biggest losers. Cisco Systems fell 2.3% and Nvidia shed 1.5%...
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