Corporate news

This Tuesday, Oct. 8, 2019, photo shows the Netflix app on an iPhone in New York. Netflix reports financial results Wednesday, Oct. 16. (AP Photo/Jenny Kane)
October 16, 2019 - 7:13 pm
SAN FRANCISCO (AP) — Netflix's subscriber growth is bogging down even before the leading video streaming service confronts high-powered threats from Apple and Walt Disney Co. The latest sign of the challenges the company is facing emerged Wednesday with the release of its third-quarter results. The...
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FILE - This Feb. 24, 2019 file photo shows Shonda Rhimes at the Vanity Fair Oscar Party in Beverly Hills, Calif. Rhimes is moving aggressively into the burgeoning podcast world. Rhimes’ company, Shondaland, said Wednesday that she will serve as executive producer for podcasts to be distributed by iHeartMedia. Rhimes’ company said it signed a three-year podcast deal with iHeartMedia and is launching Shondaland Audio. (Photo by Evan Agostini/Invision/AP, File)
October 16, 2019 - 3:52 pm
LOS ANGELES (AP) — Television powerhouse Shonda Rhimes is moving aggressively into the burgeoning podcast world. Rhimes' company, Shondaland, said Wednesday that she will serve as executive producer for podcasts to be distributed by iHeartMedia. Shondaland says it signed a three-year podcast deal...
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October 16, 2019 - 3:14 pm
The Federal Communications Commission has approved the $26.5 billion combination of Sprint and T-Mobile on a 3-2 party-line vote. The wireless merger still faces opposition from a coalition of state attorneys general, who argue the deal is bad for competition. The companies won't merge while...
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FILE - In this June 21, 2019 file photo, flames and smoke emerge from the Philadelphia Energy Solutions Refining Complex in Philadelphia. Federal investigators say an aging, failed elbow pipe appears to be the cause of the June fire and subsequent explosions that left five people with minor injuries and destroyed part of the processing unit at the largest oil refinery on the East Coast. The U.S. Chemical Safety and Hazard Investigation Board released a preliminary report Wednesday, Oct. 16 on findings from the June 21 explosion at the Philadelphia Energy Solutions Refining Complex. (AP Photo/Matt Rourke, File)
October 16, 2019 - 1:19 pm
PHILADELPHIA (AP) — An aging, failed elbow pipe appears to be the initial cause of a June 21 fire and subsequent explosions that injured five people at the largest oil refinery on the East Coast, federal investigators said Wednesday. The U.S. Chemical and Safety Hazard Investigation Board released...
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FILE - In this Oct. 7, 2019, file photo traders Ashley Lara and John Santiago confer as they work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, Oct. 16. (AP Photo/Richard Drew, File)
October 16, 2019 - 12:04 pm
NEW YORK (AP) — Stocks erased an early loss and were little changed in midday trading Wednesday. A potential settlement in the opioid epidemic involving some of the nation's largest drug distributors lifted the health care sector. Homebuilders benefited from a surprisingly good survey on sales...
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In this Sept. 23, 2019, photo shoppers examine refrigerators at a Home Depot store location, in Boston. On Wednesday, Oct. 16, the Commerce Department releases U.S. retail sales data for September. (AP Photo/Steven Senne)
October 16, 2019 - 9:56 am
WASHINGTON (AP) — Retail sales dropped in September by the largest amount in seven months, possibly signaling that rising trade tensions and turbulent markets are having an impact on consumer spending. Retail sales fell 0.3% last month following a 0.6% gain in August, the Commerce Department...
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In this Monday, Oct. 14, 2019 photo a Bank of America logo is attached to the exterior of the Bank of America Financial Center building, in Boston. Bank of America Corp. reports financial results Wednesday, Oct. 16. (AP Photo/Steven Senne)
October 16, 2019 - 7:22 am
CHARLOTTE, N.C. (AP) — Bank of America is reporting a 21% drop in third quarter profits due to a $2 billion impairment charge. The nation's second largest bank reported net income of $5.78 billion, or 56 cents per share. That's better than the per-share projections of 50 cents that Wall Street was...
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Chinese investors react as they monitor stock prices at a brokerage house in Beijing, Wednesday, Oct. 16, 2019. Asian shares were higher Wednesday after a gain on Wall Street boosted by healthy earnings reports from U.S. companies. (AP Photo/Andy Wong)
October 16, 2019 - 5:30 am
TOKYO (AP) — Global shares were mixed Wednesday after a Wall Street rally driven by healthy earnings reports from U.S. companies. France's CAC 40 was down nearly 0.2% in early trading at 5,691.75. Germany's DAX was unchanged at 12,629.82. Britain's FTSE 100 fell 0.3% to 7,189.08. U.S. shares were...
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October 16, 2019 - 4:44 am
AMSTERDAM (AP) — Signify, the Dutch company formerly known as Philips Lighting, says it is buying Cooper Lighting Solutions from Eaton Corp. for $1.4 billion (1.27 billion euros) in a move intended to strengthen its position in the North American market. Signify said late Tuesday that the deal is...
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Democratic presidential candidate Sen. Kamala Harris, D-Calif., left, and Sen. Bernie Sanders, I-Vt., gesture to each other during a Democratic presidential primary debate hosted by CNN/New York Times at Otterbein University, Tuesday, Oct. 15, 2019, in Westerville, Ohio. (AP Photo/John Minchillo)
October 15, 2019 - 11:20 pm
WESTERVILLE, Ohio (AP) — The Latest on the fourth Democratic presidential debate (all times local): 11:15 p.m. The final question at the fourth Democratic presidential debate challenged candidates to share examples of surprising friendships they've had and how it's affected them. The question on...
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