Corporate news

FILE = In this Dec. 15, 2010 file photo, a view of the entertainment section of a Wal-Mart store is seen in Alexandria, Va. Walmart is taking down all signs and displays from its stores that depict violence, following a mass shooting at its El Paso, Texas location that left 22 people dead. The retailer, according to an internal memo, instructed employees to turn off or unplug any video game consoles that show violent games, as well as ensure that no movies depicting violence are playing in its electronics departments. (AP Photo, File)
August 09, 2019 - 2:41 pm
NEW YORK (AP) — Walmart has ordered workers to remove video game signs and displays that depict violence from stores nationwide after 22 people died in a shooting at one of its Texas stores but will continue to sell guns. In an internal memo, the retailer told employees to remove any violent...
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In this image from video released by Huawei, Richard Yu, CEO of Huawei Consumer Business Group, speaks during a news conference in Dongguan, China, Friday, Aug. 9, 2019. Huawei unveiled a smartphone operating system that it said can replace Google's Android, adding to the Chinese tech giant's efforts to insulate itself against U.S. sanctions. The announcement of HarmonyOS highlights the growing ability of Huawei, the No. 2 global smartphone brand and biggest maker of network gear for phone carriers, to create technology and reduce its reliance on American vendors. (Huawei via AP)
August 09, 2019 - 8:32 am
BEIJING (AP) — Huawei on Friday unveiled a smartphone operating system that it said can replace Google's Android, adding to the Chinese tech giant's efforts to insulate itself against U.S. sanctions. The announcement of HarmonyOS highlights the growing ability of Huawei, the No. 2 global smartphone...
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This young woman cries while standing outside the Koch Foods Inc., plant as U.S. immigration officials raid the plant in Morton, Miss., Wednesday, Aug. 7, 2019. U.S. immigration officials raided several Mississippi food processing plants on Wednesday and signaled that the early-morning strikes were part of a large-scale operation targeting owners as well as employees. (AP Photo/Rogelio V. Solis)
August 08, 2019 - 6:20 pm
MORTON, Miss. (AP) — Mississippi residents rallied around terrified children left with no parents and migrants locked themselves in their homes for fear of being arrested Thursday, a day after the United States' largest immigration raid in a decade. A total of 680 people were arrested in Wednesday'...
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FILE - In this May 10, 2019, file photo Uber CEO Dara Khosrowshahi, third from left, attends the opening bell ceremony at the New York Stock Exchange, as his company makes its initial public offering. Uber reports financial results Thursday, Aug. 8. (AP Photo/Richard Drew, File)
August 08, 2019 - 5:06 pm
NEW YORK (AP) — Uber lost $5.24 billion in the second quarter — its largest quarterly loss ever — after making huge stock-based payouts in the months following its initial public offering. The ride-hailing giant said Wednesday it paid $3.9 billion in stock-based compensation and expenses during the...
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FILE - This March 29, 2019, file photo shows a sign for Lyft in Los Angeles. Lyft is reporting strong revenue growth but deep losses in its second quarter, a trend that it has so far been unable to reverse. The ride-hailing company on Wednesday, Aug. 7, posted revenue of $867.3 million, up 72% from the same time last year. (AP Photo/Ringo H.W. Chiu, File)
August 07, 2019 - 10:57 pm
NEW YORK (AP) — Lyft continued to bleed money in its second quarter but says it expects to stem some of those losses, raising its outlook for 2019. The ride-hailing company on Wednesday posted revenue of $867.3 million, up 72% from the same time last year. But the San Francisco-based company lost $...
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August 07, 2019 - 3:12 am
TOKYO (AP) — Japanese technology company SoftBank Group Corp. has seen its fiscal first quarter profit nearly quadruple to 1.122 trillion yen ($10.6 billion) as its fund investments boosted income. Tokyo-based SoftBank's April-June profit the previous year had totaled 313.7 billion yen. Quarterly...
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FILE - In this Aug. 8, 2017, file photo, The Walt Disney Co. logo appears on a screen above the floor of the New York Stock Exchange. Disney says its net income fell 39% in the latest quarter. Net income for the fiscal third quarter, which ended June 29, 2019, fell to $1.76 billion, from $2.92 billion last year. (AP Photo/Richard Drew, File)
August 06, 2019 - 7:59 pm
NEW YORK (AP) — Disney is feeling some pain from its biggest transformation in decades as its acquisition of Fox's entertainment businesses contributed to a 39% drop in earnings. CEO Bob Iger said one of the biggest issues affecting earnings was underperformance at the Fox movie and TV studio...
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This photo provided by Novartis shows their gene therapy medicine Zolgensma. U.S. regulators want to know why Novartis didn't disclose a problem with testing data until after they approved the Swiss drugmaker’s $2.125 million gene therapy. On Tuesday, Aug. 6, 2019, the Food and Drug Administration said the questionable data involves testing of the therapy, Zologensma, on animals, not on patients. (Novartis via AP)
August 06, 2019 - 6:51 pm
TRENTON, N.J. (AP) — U.S. regulators want to know why Novartis didn't disclose a problem with testing data until after the Swiss drugmaker's $2.1 million gene therapy was approved. The Food and Drug Administration said Tuesday the manipulated data involved testing in animals, not patients, and it's...
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Traders Gregory Rowe, left, and Daniel Kryger, center, work with specialist Mario Picone on the floor of the New York Stock Exchange, Tuesday, Aug. 6, 2019. Stock markets turned higher on Tuesday as China stabilized its currency after allowing it to depreciate against the dollar in response to President Donald Trump's decision to put more tariffs on Chinese goods. (AP Photo/Richard Drew)
August 06, 2019 - 11:54 am
NEW YORK (AP) — Stocks edged higher on Wall Street Tuesday, a day after their worst loss of the year, as China eased some of the pressure in its trade war with the U.S. by stabilizing its currency. Technology stocks led the gains in a reversal of Monday's slump, when they bore the brunt of the...
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August 06, 2019 - 9:41 am
LONDON (AP) — Belfast-based consultancy BDO Northern Ireland Partners says it will oversee the administration of the shipyard that built the Titanic after the firm ran out of money. Harland and Wolff appointed BDO as administrators after its Norwegian parent company, Dolphin Drilling, failed to...
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