Corporate news

September 25, 2019 - 1:16 pm
OxyContin maker Purdue Pharma's tentative legal settlement over the toll of the nation's opioid crisis is unlikely to reverse the consequences of the epidemic in the hardest-hit towns and regions, according to a report released Wednesday. Purdue reached a tentative deal this month to resolve the...
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Mara Paulic, a 42-year GM employee, pickets outside the General Motors Fabrication Division, Monday, Sept. 23, 2019, in Parma, Ohio. The strike against General Motors by 49,000 United Auto Workers entered its second week Monday with progress reported in negotiations but no clear end in sight. (AP Photo/Tony Dejak)
September 25, 2019 - 5:34 am
DETROIT (AP) — As the United Auto Workers' strike against General Motors stretches into a second week, it's not just the company and striking workers getting pinched. With many replacement part warehouses shut down, dealers are beginning to run short of components to repair cars, trucks and SUVs...
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FILE - In this April 11, 2018 file photo, a high school student uses a vaping device near a school campus in Cambridge, Mass. A new study released Wednesday, Sept. 18, 2019, found another jump in how many U.S. teens vape nicotine-tinged electronic cigarettes. About 25% of high school seniors surveyed this year said they vaped nicotine in the previous month, up from about 21% the year before .(AP Photo/Steven Senne, File)
September 25, 2019 - 4:52 am
NEW YORK (AP) — The U.S. tobacco giants Philip Morris and Altria are calling off merger talks and Juul's CEO is stepping down with safety concerns over e-cigarettes intensifying. The makers of Marlboro cigarettes said last month that they were in discussions to become a single company, more than a...
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A passenger walks past a closed Thomas Cook office at Palma de Mallorca airport on Monday, Sept. 23, 2019. Spain's airport operator AENA says that 46 flights have been affected by the collapse of the British tour company Thomas Cook, mostly in the Spanish Balearic and Canary archipelagos. (AP Photo/Francisco Ubilla)
September 25, 2019 - 3:11 am
FRANKFURT, Germany (AP) — The German and Polish units of collapsed tour operator Thomas Cook said Wednesday they were entering bankruptcy proceedings and shutting down normal business operations in the wake of the parent company entering liquidation in Britain. Germany's Thomas Cook said it was...
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September 25, 2019 - 12:52 am
BERLIN (AP) — Teamviewer, the maker of the eponymous screen sharing and conferencing software, has made the biggest initial public offering for a German tech company since the dot-com boom. Shares in Goeppingen-based Teamviewer began trading at 26.25 euros ($28.88) on the Frankfurt exchange...
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FILE In this file photo taken on Tuesday, Dec. 8, 2015, U.S. Vice President Joe Biden addresses the Ukraine Parliament in Kyiv, Ukraine. Ukrainian President Volodymyr Zelenskiy's first 100 days in power were marked by his efforts to advance a peaceful solution to the armed conflict in the country's east, fomented by Russia. Now, he is caught up in a political furor involving the United States, Ukraine's ally and backer. (AP Photo/Sergei Chuzavkov, Pool, File)
September 25, 2019 - 12:35 am
WASHINGTON (AP) — President Donald Trump's withholding of military aid from Ukraine and his calls for the country's new president to investigate the family of a political rival have thrust the East European nation into an American political storm for the second time in three years. Before news...
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Devin Sloane, middle, leaves federal court after his sentencing in a nationwide college admissions bribery scandal, Tuesday, Sept. 24, 2019, in Boston. (AP Photo/Elise Amendola)
September 24, 2019 - 5:05 pm
BOSTON (AP) — A Los Angeles business executive was sentenced Tuesday to four months in prison for paying $250,000 to get his son admitted to the University of Southern California as a fake water polo recruit. Devin Sloane, 53, pleaded guilty in May to a single count of fraud and conspiracy. He is...
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September 24, 2019 - 3:53 pm
NEW YORK (AP) — Data-measurement firm Comscore has settled fraud charges with the Securities and Exchange Commission and will pay a $5 million penalty. Its former CEO, Serge Matta, will also pay $700,000 and give Comscore back $2.1 million from his pay and sales of company stock. He is also barred...
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FILE - In this Tuesday, Jan. 16, 2018, file photo, Adam Neumann, co-founder and CEO of WeWork, attends the opening bell ceremony at Nasdaq, in New York. Some members of the WeWork board are unhappy with its leadership and plan to push WeWork CEO Adam Neumann to give up that title, according to media reports. (AP Photo/Mark Lennihan, File)
September 24, 2019 - 1:04 pm
WeWork's charismatic but controversial CEO is stepping aside from the company he founded, another moment of reckoning between a fast-growing tech company and its disenchanted investors. The New York-based company, which runs trendy communal office spaces, said Tuesday that Adam Neumann will remain...
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CDC Principal Deputy Secretary Dr Anne Schuchat is sworn in as she appears before a House Oversight subcommittee hearing on lung disease and e-cigarettes on Capitol Hill in Washington, Tuesday, Sept. 24, 2019. (AP Photo/Andrew Harnik)
September 24, 2019 - 1:04 pm
WASHINGTON (AP) — The number of vaping-related illnesses in the U.S. could soon climb much higher, a public health official said Tuesday. Dr. Anne Schuchat, of the Centers for Disease Control and Prevention, told a congressional subcommittee that she believes "hundreds more" lung illnesses have...
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