Corporate news

General Motors' Flint Assembly Plant employees line the street with picket signs during the nationwide UAW strike against General Motors on Monday, Oct. 7, 2019, in Flint, Mich. (Jake May/The Flint Journal via AP)
October 08, 2019 - 7:41 pm
DETROIT (AP) — Talks between General Motors and the United Auto Workers union hit a snag Tuesday over what the union says is a lack of commitment by GM to build new vehicles in U.S. factories. In a letter to members, union Vice President Terry Dittes wrote that the union has told GM that it doesn't...
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Visitors tour near the logo of Samsung Electronics at semiconductor exhibition in Seoul, South Korea, Tuesday, Oct. 8, 2019. Samsung Electronics has predicted its operating profit for the last quarter will fall by more than 56% from a year earlier amid sluggish global demand for computer chips. (AP Photo/Lee Jin-man)
October 08, 2019 - 5:22 pm
Samsung provided the latest sign of the tough times afflicting computer chipmakers as it braced investors for a sharp drop in profit. The sobering forecast Tuesday wasn't entirely unexpected, given an industrywide glut that has forced chipmakers to slash prices to clear out inventory. Although...
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FILE - In this Sept. 12, 2019, file photo, cars pass Purdue Pharma headquarters in Stamford, Conn. Local government lawsuits against the family that owns Purdue Pharma should be allowed to proceed even as the company attempts to reach a nationwide settlement in bankruptcy court over the toll of the opioids crisis, according to a court filing on Wednesday, Oct. 2, 2019. (AP Photo/Frank Franklin II, File)
October 08, 2019 - 4:19 pm
Arizona's attorney general is having misgivings about agreeing to Purdue Pharma's proposal to settle litigation over the opioid crisis. Attorney General Mark Brnovich, a Republican, said in a court filing late Monday that the OxyContin maker has "sought to undermine material terms of the deal." He...
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FILE - In this Sept. 6, 2019, file photo, Energy Secretary Rick Perry speaks at the California GOP fall convention in Indian Wells, Calif. Perry pushed Ukraine’s president earlier in 2019 to replace members of a key supervisory board at Naftogaz, a massive state-owned petroleum company. (AP Photo/Chris Carlson, File)
October 08, 2019 - 2:38 pm
KYIV, Ukraine (AP) — As Rudy Giuliani was pushing Ukrainian officials last spring to investigate one of Donald Trump's main political rivals, a group of individuals with ties to the president and his personal lawyer were also active in the former Soviet republic. Their aims were profit, not...
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In this April 16, 2019, photo, Nissan Motor Co.'s Senior Vice President Makoto Uchida speaks to the media at Shanghai International Motor Show in Shanghai, China. Japanese automaker Nissan Motor Co. announced Tuesday, Oct. 8, 2019, that its board has named the head of its China business, Uchida, to be its new CEO.(Kyodo News via AP)
October 08, 2019 - 9:04 am
TOKYO (AP) — Nissan has tapped the head of its China business, Makoto Uchida, as its new president and chief executive, to help lead a recovery from the leadership crisis and sinking profitability that followed the arrest of its former chairman, Carlos Ghosn, last year. Uchida is replacing Hiroto...
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October 07, 2019 - 11:04 pm
HONG KONG (AP) — The Hong Kong stock exchange on Tuesday formally dropped its bid to buy its London counterpart after the European exchange rejected the surprise offer. Hong Kong Exchanges and Clearing Ltd. said it was "unable to engage" with managers of the London Stock Exchange Group. That...
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October 07, 2019 - 9:08 pm
LOS ANGELES (AP) — The Los Angeles Opera has announced that the company's president and CEO, Christopher Koelsch, will take over the duties of Placido Domingo, who resigned last week as general director amid allegations of sexual harassment. LA Opera's board of directors said in a statement Monday...
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FILE - In this Sept. 6, 2019, file photo, Energy Secretary Rick Perry speaks at the California GOP fall convention in Indian Wells, Calif. Perry pushed Ukraine’s president earlier in 2019 to replace members of a key supervisory board at Naftogaz, a massive state-owned petroleum company. (AP Photo/Chris Carlson, File)
October 07, 2019 - 5:52 pm
KYIV, Ukraine (AP) — As Rudy Giuliani was pushing Ukrainian officials last spring to investigate one of Donald Trump's main political rivals, a group of individuals with ties to the president and his personal lawyer were also active in the former Soviet republic. Their aims were profit, not...
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John Kirk, right, a 20-year-employee, pickets with co-workers outside the General Motors Fabrication Division, Friday, Oct. 4, 2019, in Parma, Ohio. (AP Photo/Tony Dejak)
October 07, 2019 - 2:24 pm
DETROIT (AP) — The Latest on the strike by General Motors workers (all times local): 2 p.m. Michigan Gov. Gretchen Whitmer says she's concerned about the growing impact of the United Auto Workers union's strike against General Motors. Whitmer visited workers on the picket lines at a GM plant near...
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Specialists Mario Picone, left, and Anthony Rinaldi work on the floor of the New York Stock Exchange, Monday, Oct. 7, 2019. Stocks are opening broadly lower on Wall Street, extending the market's losing streak into a fourth week. (AP Photo/Richard Drew)
October 07, 2019 - 2:07 pm
Stocks veered modestly higher on Wall Street Monday afternoon following a choppy day of trading that had the market on track to recoup some of its losses from last week. Communication services stocks, technology companies and banks drove much of the gains, offsetting losses in consumer product...
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