Corporate news

November 14, 2018 - 6:44 am
HELSINKI (AP) — Danish shipping group A.P. Moller-Maersk is warning that trade tensions between the United States and China could weigh on business. The company said a brewing trade war between the two had created uncertainty and could "reduce global container trade by 0.5 to 2.0 percent during...
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A former dock facility is shown with old transfer bridges, with "Long Island" painted in large letters at Gantry State Park in the Long Island City section of Queens Borough in New York, Tuesday, Nov. 13, 2018. Amazon announced Tuesday it has selected the Queens neighborhood as one of two sites for its headquarters. (AP Photo/Bebeto Matthews)
November 14, 2018 - 1:18 am
NEW YORK (AP) — Much of the New York City neighborhood selected by Amazon for one of its new headquarters is in a federal "opportunity zone," a designation created by President Donald Trump's tax overhaul that offers developers potentially millions of dollars in capital gains tax breaks to invest...
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Fred Gmitter, a geneticist at the University of Florida Citrus Research and Education Center, right, visits a citrus grower in an orange grove affected by citrus greening disease in Fort Meade, Fla., on Sept. 27, 2018. "If we can go in and edit the gene, change the DNA sequence ever so slightly by one or two letters, potentially we'd have a way to defeat this disease," says Gmitter. (AP Photo/Federica Narancio)
November 14, 2018 - 1:08 am
WASHINGTON (AP) — The next generation of biotech food is headed for the grocery aisles, and first up may be salad dressings or granola bars made with soybean oil genetically tweaked to be good for your heart. By early next year, the first foods from plants or animals that had their DNA "edited" are...
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A sea gull flies off holding fish scraps near a former dock facility, with "Long Island" painted on old transfer bridges at Gantry State Park in the Long Island City section of the Queens Borough in New York, Tuesday, Nov. 13, 2018. Amazon announced Tuesday it has selected the Queens neighborhood as one of two sites for its headquarters. (AP Photo/Bebeto Matthews)
November 14, 2018 - 12:05 am
NEW YORK (AP) — For more than a year, cities around the country waited in suspense over whether they'd be chosen as Amazon's second home. The online retail giant held the promise of 50,000 jobs and the possibility of changing their fortunes. So the 20 finalists dangled tax incentives, showcased...
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November 13, 2018 - 10:41 pm
NEW YORK (AP) — Around two dozen employees will be laid off in a re-organization at Hachette Book Group. The publisher announced Tuesday that various imprints would be consolidated and merged, ranging from the religious imprint FaithWords to the feminist Seal Press. Among those leaving are Hachette...
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A sea gull flies off holding fish scraps near a former dock facility, with "Long Island" painted on old transfer bridges at Gantry State Park in the Long Island City section of the Queens Borough in New York, Tuesday, Nov. 13, 2018. Amazon announced Tuesday it has selected the Queens neighborhood as one of two sites for its headquarters. (AP Photo/Bebeto Matthews)
November 13, 2018 - 6:37 pm
NEW YORK (AP) — Amazon has set its sights on two of the nation's largest and most powerful metro areas, announcing Tuesday it had chosen a buzzy New York neighborhood and a suburb of Washington for its new East Coast headquarters. The online shopping giant ended its 14-month-long competition for...
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November 13, 2018 - 12:48 pm
ADDIS ABABA, Ethiopia (AP) — Ethiopia has detained the former head of a large military-run industrial conglomerate, a day after the country's attorney general disclosed that several hundred million dollars was embezzled from the firm. The state broadcaster ETV reported that Maj. Gen. Kinfe Dagnew,...
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FILE - In this July 7, 2017, file photo, Flipkart Group Chief Executive Officer and co-founder Binny Bansal poses during a photo call at the company's headquarters in Bangalore, India. Bansal, the co-founder of Flipkart, the massive online retail operation in India acquired by Walmart this year, is stepping down following an allegation of serious personal misconduct. Walmart, which purchased a $16 billion controlling stake in Flipkart Group in May, said Tuesday, Nov. 13, 2018, that an independent investigation done on behalf of both companies did not find evidence corroborating the allegation against Bansal, but it did reveal lapses in judgment on his part. (AP Photo/Aijaz Rahi, File)
November 13, 2018 - 7:54 am
NEW YORK (AP) — The co-founder of Flipkart, the massive online retail operation in India acquired by Walmart this year, has stepped down as CEO following an allegation of serious personal misconduct. Walmart, which purchased a $16 billion controlling stake in Flipkart Group in May, the largest...
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In this Saturday, Nov. 10, 2018, photo Lauren Ray pets her 9-month-old dog Bear in her Milwaukee home. Ray says she is happy to hear Petco is announcing Tuesday, Nov. 13, that it plans to stop selling dog and cat food and treats with artificial colors, flavors and preservatives, both online and at its 1,500 stores in the U.S. and Puerto Rico by May 2019. She feeds her dog organic food and hopes Petco's change will help her find more varieties at a convenient location. (AP Photo/Carrie Antlfinger)
November 13, 2018 - 5:21 am
Demand for healthy, natural food is extending from humans to their pets. Petco announced Tuesday it will stop selling dog and cat food and treats with artificial colors, flavors and preservatives, both online and at its nearly 1,500 stores in the U.S. and Puerto Rico. "We are making sure we are...
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FILE - In this April 16, 2002, file photo, Stan Lee, 79, creator of comic-book franchises such as "Spider-Man," "The Incredible Hulk" and "X-Men," smiles during a photo session in his office in Santa Monica, Calif. Comic book genius Lee, the architect of the contemporary comic book, has died. He was 95. (AP Photo/Reed Saxon, File)
November 12, 2018 - 7:06 pm
LOS ANGELES (AP) — Stan Lee, the creative dynamo who revolutionized the comic book and helped make billions for Hollywood by introducing human frailties in Marvel superheroes such as Spider-Man, the Fantastic Four and the Incredible Hulk, died Monday. He was 95. Lee was declared dead at Cedars-...
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