Corporate news

Tim Garrison, right, United States Attorney for the Western District of Missouri, speaks during a press conference on Thursday, Nov. 8, 2018 in Springfield, Mo., about the indictments against Kenneth Scott McKee, the captain of a duck boat that sank on Table Rock Lake in July, killing 17 people. (Andrew Jansen/The Springfield News-Leader via AP)
November 08, 2018 - 5:49 pm
KANSAS CITY, Mo. (AP) — The captain of a tourist boat that sank in southwest Missouri and killed 17 people, including nine members of an Indiana family, didn't tell passengers to put on flotation devices or prepare them to abandon ship even after waves crashed into the boat during a severe storm,...
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FILE - In this file photo dated Tuesday, Dec. 13, 2016, the entrance of the UniCredit tower at the Porta Nuova business district in Milan, Italy. Italian bank UniCredit said Thursday Nov. 8, 2018, that one-off provisions to cover any settlement for alleged U.S. sanctions violations in Iran and a write-down on its Turkish unit dropped third-quarter profits by 99 percent. (AP Photo/Luca Bruno, FILE)
November 08, 2018 - 1:50 pm
MILAN (AP) — The Italian bank UniCredit said Thursday that third-quarter profits dropped 99 percent due to one-off provisions to cover any settlement for alleged U.S. sanctions violations in Iran and a write-down on its Turkish unit. Net profits fell to 29 million euros ($33 million), from 2.8...
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FILE- In this Sept. 26, 2018, file photo visitors stand near a 5G logo at a display the PT Expo in Beijing. Telecommunications equipment maker CommScope Holding Co. is paying about $5.7 billion for Arris International Plc. as it prepares for the entrance of faster 5G service to the wireless market. (AP Photo/Mark Schiefelbein, File)
November 08, 2018 - 9:43 am
NEW YORK (AP) — Telecommunications equipment maker CommScope is paying $5.7 billion for Arris International as it prepares for the entrance of faster 5G service to the wireless market. Arris makes modems and boxes for the wireless industry, including cable operators. Equipment makers and...
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FILE - In this June 14, 2018, file photo, Tesla CEO Elon Musk speaks at a news conference in Chicago. Tesla has announced that Robyn Denholm of Australia's Telstra will become its new board chair. Musk agreed to vacate his post as board chairman as part of a settlement with U.S. regulators of a lawsuit alleging he duped investors with misleading statements about a proposed buyout of the company. (AP Photo/Kiichiro Sato, File)
November 08, 2018 - 9:29 am
DETROIT (AP) — Tesla's board has named one of its own as chairman to replace Elon Musk, complying with terms of a fraud settlement with U.S. securities regulators. The electric car and solar panel company's board on Thursday named Australian telecommunications executive Robyn Denholm as chairman,...
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FILE - In this Dec. 21, 2016, file photo, The Trump International Hotel at 1100 Pennsylvania Avenue NW, is photographed in Washington. House Democrats are prepared to use their majority and subpoena power to go after all manner of financial records that could back up their claims that Donald Trump is using his presidency to enrich himself. Democrats hope there is a new day on such issues as foreign government spending at Trump properties, Trump’s foreign licensing deals and Trump ties to lobbyists. (AP Photo/Alex Brandon, File)
November 08, 2018 - 8:56 am
WASHINGTON (AP) — Beyond trying to get their hands on the Holy Grail of President Donald Trump's business dealings — his tax returns — House Democrats are prepared to use their new majority and subpoena power to go after financial records that could back up their claims that he's using his...
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November 08, 2018 - 8:44 am
THE HAGUE, Netherlands (AP) — A North Korean worker who claims he is a victim of modern slavery in a Polish shipyard has filed a criminal complaint against a Dutch shipbuilder that bought products from the Polish firm, an activist group said Thursday. The Global Legal Action Network said in a...
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November 08, 2018 - 4:52 am
WARSAW, Poland (AP) — Poland's main gas company signed a long-term contract Thursday to receive deliveries of liquefied natural gas from the United States as part of a larger effort to reduce its energy dependence on Russia. The state company PGNiG signed the 24-year deal with American supplier...
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FILE- This June 14, 2018, file photo shows a Nissan logo at the automaker's showroom in Tokyo. Japanese automaker Nissan is reporting an 8 percent fall in profit for the latest quarter as declining sales offset the benefits of cost cuts. Nissan Motor Co. reported a July-September profit of 130.4 billion yen ($1.1 billion) Thursday, Nov. 8, 2018, down from 141.6 billion yen the same period a year earlier.(AP Photo/Shuji Kajiyama, File)
November 08, 2018 - 3:58 am
TOKYO (AP) — Japanese automaker Nissan reported Thursday an 8 percent fall in profit for the latest quarter as declining sales offset the benefits of cost cuts. Nissan Motor Co.'s July-September profit totaled 130.4 billion yen ($1.1 billion) Thursday, down from 141.6 billion yen the same period a...
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FILE - In this May 3, 2017, file photo, people leave the Farifax offices in Sydney, Australia. Australia's competition watchdog on Thursday, Nov. 8, 2018 approved the proposed merger of television network Nine Entertainment and newspaper publisher Fairfax Media into a media giant to be known only as Nine. (AP Photo/Rick Rycroft, File)
November 07, 2018 - 8:41 pm
CANBERRA, Australia (AP) — Australia's competition watchdog on Thursday approved the proposed merger of television network Nine Entertainment and newspaper publisher Fairfax Media into a media giant to be known only as Nine. Australian Competition and Consumer Commission chair Rod Sims said the...
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Justin Denison, SVP of Mobile Product Development, shows off the Infinity Flex Display of a folding smartphone during the keynote address of the Samsung Developer Conference Wednesday, Nov. 7, 2018, in San Francisco. (AP Photo/Eric Risberg)
November 07, 2018 - 4:34 pm
SAN FRANCISCO (AP) — The smartphone industry has been searching for a breakthrough to revive a market mired in an innovation lull and a sales slump. There's now a potential catalyst on the horizon. Samsung and several rivals are preparing to roll out new redesigned devices with flexible screens...
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