Corporate news

November 20, 2018 - 4:27 am
BERLIN (AP) — Environmental groups say 10 utility companies are responsible for the majority of premature deaths caused by emissions from coal-fired power plants in Europe. In a report published Tuesday, five campaign groups, including Greenpeace, blame the companies for 7,600 premature deaths and...
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Trader Fred DeMarco follows stock activity, Monday, Nov. 19, 2018, at the New York Stock Exchange. Big technology and internet companies came under heavy selling pressure again on Monday, leading to broad losses across the stock market. The Dow Jones Industrial Average briefly fell 500 points. (AP Photo/Mark Lennihan)
November 19, 2018 - 11:07 pm
BEIJING (AP) — Asian stocks slid Tuesday after tech losses dragged down Wall Street and Nissan's chairman was arrested on charges of financial misconduct. KEEPING SCORE: The Shanghai Composite Index fell 1 percent to 2,675.69 and Tokyo's Nikkei 225 lost 0.9 percent to 21,633.54. Hong Kong's Hang...
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FILE - In this May 12, 2016, file photo, head of Nissan Motor Co. Carlos Ghosn answers a question during their joint press conference in Yokohama, near Tokyo. Japanese media say Ghosn, Nissan Motor Co. chairman, is being questioned by Tokyo prosecutors on suspicion he falsified his financial reports. Nissan said Monday it was looking into the reports, while prosecutors declined comment.(AP Photo/Eugene Hoshiko, File)
November 19, 2018 - 7:38 pm
YOKOHAMA, Japan (AP) — Nissan Chairman Carlos Ghosn, who became one of the auto industry's most powerful executives by engineering a turnaround at the Japanese manufacturer, was arrested Monday and will be fired for allegedly underreporting his income and misusing company funds, the automaker said...
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November 19, 2018 - 3:11 pm
RIO DE JANEIRO (AP) — Brazil's President-elect Jair Bolsonaro on Monday named Roberto Castello Branco, a pro-market reformer, as future chief executive of the country's state-controlled oil company, Petrobras. Castello Branco, a former member of Petrobras' board, has advocated privatizing the oil...
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FILE- In this Jan. 16, 2018, file photo, the General Electric logo is displayed at the top of their Global Operations Center in the Banks development of downtown Cincinnati. General Electric is shuffling leadership at its power unit as it moves to split the division in its ongoing effort to slim down operations. (AP Photo/John Minchillo, File)
November 19, 2018 - 12:55 pm
NEW YORK (AP) — General Electric Co. is shuffling leadership in its struggling power unit, part of the company's ongoing effort to slim down operations. Power is GE's largest division, and it pulls in more than a third of the company's revenues. But demand for its key gas turbines has fallen as...
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People walk by an electronic stock board of a securities firm in Tokyo, Monday, Nov. 19, 2018. Asian shares were mostly higher Monday after a buying spree on Wall Street kept up investor optimism into a new week, despite continuing worries about trade tensions. (AP Photo/Koji Sasahara)
November 19, 2018 - 8:40 am
LONDON (AP) — Global stock markets traded in fairly narrow ranges Monday amid continuing trade tensions. French carmaker Renault saw its share price tank after partner Nissan accused its chairman of serious misconduct and announced plans to oust him. KEEPING SCORE: In Europe, France's CAC 40 was...
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FILE - In this Oct. 6, 2017, file photo, Renault and Nissan Motor Co.'s chairman Carlos Ghosn listens during a media conference outside Paris, France. Nissan Motor Co. says an internal investigation found that its chairman, Carlos Ghosn, has underreported his income. The auto company said he will be dismissed. (AP Photo/Michel Euler, File)
November 19, 2018 - 8:38 am
TOKYO (AP) — The Latest on Nissan Motor Co.'s chairman Carlos Ghosn and allegations he underreported income. (all times local): 10:30 p.m. Nissan Motor Co. CEO Hiroto Saikawa says the arrest of the Japanese automaker's chairman, Carlos Ghosn, shows power was too concentrated in one person. Saikawa...
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NASCAR President Steve Phelps speaks during a news conference before the NASCAR Cup Series Championship auto race at the Homestead-Miami Speedway, Sunday, Nov. 18, 2018, in Homestead, Fla. (AP Photo/Terry Renna)
November 18, 2018 - 1:13 pm
HOMESTEAD, Fla. (AP) — NASCAR is open to wholesale changes for 2020 that could include everything from doubleheaders, midweek races, a tightened schedule, shorter races, and even a potential shared event schedule with IndyCar. Steve Phelps, named president of the sanctioning body last month,...
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November 17, 2018 - 3:10 pm
WASHINGTON (AP) — The chief executive of J.Crew Group Inc. is stepping down. The clothing retailer said in an announcement Saturday that the departure of James Brett, a retail veteran who took the top job in 2017, was by mutual agreement between Brett and the company's board of directors. In a...
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A firefighter searches for human remains in a trailer park destroyed in the Camp Fire, Friday, Nov. 16, 2018, in Paradise, Calif. (AP Photo/John Locher)
November 16, 2018 - 10:13 pm
CHICO, Calif. (AP) — The Latest on California's wildfires (all times local): 7:10 p.m. Authorities have increased the number of homes and other buildings burned by a massive Southern California wildfire. The figure rose Friday evening to 713 buildings destroyed — many of them homes — and more than...
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