Corporate news

August 01, 2019 - 5:36 am
LONDON (AP) — Anglo-Dutch energy giant Royal Dutch Shell says second-quarter earnings dropped 26% as lower oil and natural gas prices overshadowed an increase in production. Earnings based on the current cost of supplies and excluding one-time items — Shell's preferred measure — fell to $3.46...
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August 01, 2019 - 5:02 am
LONDON (AP) — London-based Barclays bank says second-quarter earnings fell 19% as income stagnated and it set aside more money to cover bad loans. Net income dropped to 1.03 billion pounds ($1.25 billion) from 1.28 billion in the same period last year. Income was largely flat at 5.54 billion pounds...
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August 01, 2019 - 2:44 am
FRANKFURT, Germany (AP) — Luxury automaker BMW saw net profit fall 29% to 1.48 billion euros ($1.63 billion) in the second quarter from a year earlier as higher spending to develop new technologies and revamp factories weighed on the bottom line. The company said Thursday vehicles sales and revenue...
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July 31, 2019 - 10:33 pm
BOSTON (AP) — A computer security expert has won a rare payout in a whistleblower lawsuit he filed against Cisco Systems Inc. almost a decade ago. James Glenn had reported critical security flaws in Cisco video surveillance software used at major U.S. international airports and by federal agencies...
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FILE - In this June 28, 2019 file photo Alaska Gov. Mike Dunleavy speaks to reporters about his budget vetoes at the state Capitol in Juneau, Alaska. A group that includes a coal company chairman and a framer of Alaska's constitution is launching an effort to recall Dunleavy. The National Conference of State Legislatures says, across the country, there have been many attempts over the years to recall governors but very few have gone far enough to trigger recall elections. (AP Photo/Becky Bohrer, File)
July 31, 2019 - 9:44 pm
JUNEAU, Alaska (AP) — A group that includes a coal company chairman and a framer of Alaska's constitution is launching an effort aimed at recalling Republican Gov. Mike Dunleavy, weeks after his far-reaching budget vetoes prompted public outrage. In late June, Dunleavy announced vetoes of more than...
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July 31, 2019 - 6:08 pm
ATLANTA (AP) — Georgia Power has ordered nuclear fuel for its long-delayed expansion of Plant Vogtle, the nation's first large-scale nuclear project in more than 30 years. The fuel order was announced the day before its parent company reported second-quarter net income of $902 million, after...
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HOLD FOR STORY - FILE - In this July 10, 2019, file photo, Yazmin Juarez, is sworn in by a photo of her holding her daughter Mariee, 1, who died after being released from detention by U.S. Immigration and Customs Enforcement (ICE), at the start of a House Oversight subcommittee hearing on Civil Rights and Civil Liberties on treatment of immigrant children at the southern border on Capitol Hill in Washington. Juárez, the mother of a 1-year-old daughter who died weeks after being released from immigration detention center, is suing the private prison company that operates the facility. Lawyers for Yazmin Juarez filed a federal lawsuit Wednesday, July 31, 2019, against the company CoreCivic. (AP Photo/Jacquelyn Martin, File)
July 31, 2019 - 4:14 pm
HOUSTON (AP) — A woman whose 1-year-old daughter died weeks after they were released from an immigration detention center in Texas filed a lawsuit Wednesday against the private prison company that operates the facility. Lawyers for Yazmin Juárez are demanding $40 million from CoreCivic in the...
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FILE- This Jan. 11, 2019, file photo shows the Impossible Burger, a plant-based burger containing wheat protein, coconut oil and potato protein among it's ingredients in Bellevue, Neb. After months of shortages, Impossible Foods is partnering with a veteran food production company to ramp up supplies of its popular plant-based burgers. (AP Photo/Nati Harnik, File)
July 31, 2019 - 7:26 am
After months of shortages, Impossible Foods is partnering with a veteran food production company to ramp up supplies of its popular plant-based burgers. The Redwood City, Calif.-based startup is partnering with OSI Group, an original supplier to McDonald's and one of the world's largest food...
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July 31, 2019 - 6:44 am
RICHMOND, Va. (AP) — A blood-testing company filed for bankruptcy and says it's cutting jobs because Medicare payments have been withheld over allegations of fraud. The Richmond Times-Dispatch reports True Health Diagnostics LLC filed for Chapter 11 bankruptcy protection this week and notified...
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FILE - In this June 15, 2019, file photo customers leave an Apple store on the 3rd Street Promenade in Santa Monica, Calif. Apple Inc. reports financial results on Tuesday, July 30. (AP Photo/Richard Vogel, File)
July 30, 2019 - 6:34 pm
SAN FRANCISCO (AP) — Apple's iPhone sales are still sputtering while the company tries to offset the decline by milking more money from digital services such as music. The latest evidence of the iPhone's waning popularity had been expected. Even so, the confirmation in Tuesday's fiscal third-...
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