Corporate news

FILE - This March 19, 2018, file photo shows the Netflix app on an iPad in Baltimore. Netflix reports earnings Wednesday, July 17, 2019. (AP Photo/Patrick Semansky, File)
July 17, 2019 - 6:04 pm
SAN FRANCISCO (AP) — Netflix's video streaming service suffered a dramatic slowdown in growth during its traditionally sluggish spring season, a drop-off coming as the company boosts its prices and girds for even stiffer competition. The service picked up 2.7 million worldwide subscribers for the...
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FILE- In this July 1, 2019, file photo specialist Michael Gagliano, left, and trader Andrew Silverman work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, July 17. (AP Photo/Richard Drew, File)
July 17, 2019 - 4:38 pm
NEW YORK (AP) — U.S. stocks extended their losses into a second day on Wednesday as railroad operator CSX had its biggest drop in 11 years, pulling other industrial companies down with it. Banks also fell as investors worried that lower interest rates will hurt their profits going forward...
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FILE - In this Tuesday, June 2, 2009 file photo, reporters work behind a security cordon in front of the Air France check-in desk of the Tom Jobim Airport in Rio de Janeiro. French prosecutors want Air France to stand trial for manslaughter in the 2009 crash of a flight from Rio de Janeiro to Paris that killed all 228 people aboard, a judicial official said Wednesday July 17, 2019. (AP Photo/ Ricardo Moraes, File)
July 17, 2019 - 3:27 pm
PARIS (AP) — French prosecutors want Air France to stand trial for manslaughter in the 2009 crash of a flight from Rio de Janeiro to Paris that killed all 228 people aboard, a judicial official said Wednesday. Prosecutors also have asked that the case against Airbus, maker of the doomed aircraft,...
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FILE - In this Aug. 29, 2018, file photo, oxycodone pills are displayed in New York. Newly released federal data shows how drugmakers and distributors increased shipments of opioid painkillers across the U.S. as the nation’s addiction crisis accelerated from 2006 to 2012. (AP Photo/Mark Lennihan, File)
July 17, 2019 - 3:21 pm
WASHINGTON (AP) — The maker of OxyContin has been cast as the chief villain in the nation's opioid crisis. But newly released government figures suggest Purdue Pharma had plenty of help in flooding the U.S. with billions of pills even as overdose deaths were accelerating. Records kept by the...
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Rep. David Cicilline, D-R.I., left, chair of the House Judiciary antitrust subcommittee, speaks alongside ranking member, Rep. Jim Sensenbrenner, R-Wisc., during a House Judiciary subcommittee hearing with representatives from major tech companies, Tuesday, July 16, 2019, on Capitol Hill in Washington. (AP Photo/Patrick Semansky)
July 17, 2019 - 10:18 am
Big Tech faced tough questions Tuesday as federal lawmakers focused on issues of potentially anticompetitive behavior by technology giants and expressed bipartisan skepticism over Facebook's plan for a new digital currency. Companies such as Apple, Google, Facebook and Amazon have long enjoyed...
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In this Monday, July 15, 2019 photo a customer departs a Bank of America ATM, in Norwood, Mass. Bank of America Corp. reports earnings Wednesday, July 17. (AP Photo/Steven Senne)
July 17, 2019 - 7:58 am
NEW YORK (AP) — Bank of America's second-quarter profits rose by 8% from a year earlier, the company said Wednesday, as the consumer banking giant has benefitted greatly from the rise in interest rates as well as consumers and businesses more willing to borrow. The bank earned $7.35 billion, or 74...
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David Stilwell, center left, U.S. Assistant Secretary of State for the Bureau of East Asian and Pacific Affairs, speaks as South Korea's Deputy Foreign Minister for Political Affairs Yoon Soon-gu, center right, listens after a meeting with South Korean Foreign Minister Kang Kyung-wha at the foreign ministry in Seoul, South Korea, Wednesday, July 17, 2019. (AP Photo/Ahn Young-joon. Pool)
July 17, 2019 - 4:41 am
SEOUL, South Korea (AP) — The United States will "do what we can do" to help resolve festering trade and political disputes between South Korea and Japan, a senior U.S. official said Wednesday after a series of meetings with Seoul officials. David Stilwell, the top U.S. diplomat for East Asian...
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People walk by an electronic stock board of a securities firm in Tokyo, Wednesday, July 17, 2019. Asian stocks were mixed Wednesday as Wall Street ended a five-day winning streak after the first big round of corporate earnings reports. (AP Photo/Koji Sasahara)
July 17, 2019 - 4:41 am
TOKYO (AP) — Global stocks were mostly lower Wednesday after Wall Street ended a five-day winning streak following disappointing corporate earnings reports. France's CAC 40 fell nearly 0.1% in early trading to 21,469.18, while Germany's DAX was little changed but slightly lower at 12,427.90...
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July 16, 2019 - 8:47 pm
LOS ANGELES (AP) — Another legal fight is underway over home marijuana delivery in California. A licensed cannabis company has sued Santa Cruz County, claiming that it's violating state law by prohibiting deliveries from out-of-county retailers into a swath of unincorporated areas. The East of Eden...
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In this Jan. 23, 2019, photo employees walk up a ramp toward a ramp where a United Airlines jet is parked at a gate Newark Liberty International Airport in Newark, N.J. United Airlines reports financial results on Tuesday, July 16. (AP Photo/Julio Cortez)
July 16, 2019 - 6:50 pm
United Airlines glided through the first part of summer, as strong travel demand pushed average fares higher, but the grounding of Boeing 737 Max jets will become a bigger challenge in the months ahead. United said Tuesday that its second-quarter profit soared 54%, to $1.05 billion. The results...
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