Financial performance

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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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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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 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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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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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 23, 2019 - 7:33 am
NEW YORK (AP) — U.S. stocks were mixed in early trading on Monday as investors pulled back a bit amid worries about the trade war and economic growth. Health care, communications and bank stocks dipped, with health insurer UnitedHealth falling 1.4% and AT&T shedding 1%. Higher bond prices...
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FILE - In this Aug. 13, 2019 file photo a Thomas Cook plane taxis on the runway at terminal one of Manchester Airport, England. More than 600,000 vacationers who booked through tour operator Thomas Cook were on edge Sunday, wondering if they will be able to get home, as one of the world's oldest and biggest travel companies teetered on the edge of collapse. The debt-laden company, which confirmed Friday it was seeking 200 million pounds ($250 million) in funding to avoid going bust, was in talks with shareholders and creditors to stave off failure. (Peter Byrne/PA via AP)
September 23, 2019 - 2:23 am
LONDON (AP) — The Latest on the collapse of British tour company Thomas Cook (all times local): 10:15 a.m. Spanish airport operator AENA says 46 flights have been affected by the collapse of the British tour company Thomas Cook, mostly in Spain's Balearic and Canary archipelagos. In the sun-bathed...
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FILE - In this May 19, 2016 file photo, a Thomas Cook plane takes off in England. Thomas Cook, one of the world’s oldest and largest travel companies, is facing a race against time to stay afloat it was announced Friday, Sept. 20, 2019. The debt-laden British-based company has confirmed it is seeking 200 million pounds ($250 billion) in extra funding to avoid its collapse. (Tim Goode/PA via AP, file)
September 22, 2019 - 2:19 am
LONDON (AP) — Thomas Cook, one of the world's oldest and largest travel companies, is holding talks with shareholders in a last-ditch bid to avoid going bankrupt. A collapse could leave around 150,000 travelers from Britain stranded, along with tens of thousands of travelers from other countries...
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