Corporate news

FILE - This Sept. 15, 2019 file photo, shows storage tanks at the North Jiddah bulk plant, an Aramco oil facility, in Jiddah, Saudi Arabia. Saudi Arabia's state-owned oil company Aramco on Thursday, Dec. 5, 2019, set a share price for its IPO — expected to be the biggest ever — that puts the value of the company at $1.7 trillion, more than Apple or Microsoft. (AP Photo/Amr Nabil, File)
December 11, 2019 - 3:00 am
RIYADH, Saudi Arabia (AP) — Saudi Arabia's oil company Aramco began trading for the first time on Wednesday, gaining 10% in the first moments on the market and pushing its worth to $1.88 trillion, making it the most valuable listed company in the world. The state-owned oil giant started trading on...
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December 10, 2019 - 9:49 pm
NEWARK (AP) — Three men were charged with running a cryptocurrency mining operation that officials labeled a “high-tech Ponzi scheme" that bilked investors out of $722 million, federal officials announced Tuesday. Matthew Goettsche, 37, was arrested Tuesday in Colorado, while Jobadiah Weeks, 38,...
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FILE - In this April 17, 2018 file photo, a woman rides a motorized scooter in Washington Square Park in San Francisco. Tired of San Francisco sidewalks being used as a testing ground for delivery robots, drones, and electric scooters, city supervisors will vote Tuesday, Dec. 10, 2019, to set up a new regulatory office that would require businesses to get permits before trying out new technology that uses public space. (AP Photo/Jeff Chiu, File)
December 10, 2019 - 6:51 pm
SAN FRANCISCO (AP) — Tired of San Francisco streets being used as a testing ground for the latest delivery technology and transportation apps, city leaders are now requiring businesses to get permits before trying out new high-tech ideas in public. Supporters of the legislation, which the Board of...
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December 10, 2019 - 12:33 pm
The University of Phoenix and its parent company have agreed to pay $50 million in cash and cancel $141 million in student debt to settle allegations of deceptive advertisement brought by the Federal Trade Commission. The deal, announced Tuesday, settles a dispute over an ad campaign the for-profit...
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FILE - In this Oct. 22, 2019, file photo, Ted Wells, Jr., the lead attorney for Exxon, leaves New York Supreme Court in New York, after opening arguments in a lawsuit against Exxon. Exxon Mobil prevailed Tuesday, Dec. 10, 2019, in a lawsuit accusing the energy giant of downplaying the toll that climate change regulations could take on its business, with a judge saying the state attorney general's case didn't prove the company deceived investors — but also didn't excuse it of any accountability for global warming (AP Photo/Mary Altaffer, File)
December 10, 2019 - 11:57 am
NEW YORK (AP) — Exxon Mobil prevailed Tuesday in a closely watched lawsuit over the costs of climate change, with a judge saying there was no proof the energy giant duped investors about the toll that regulations could take on its business. New York Attorney General Letitia James' office didn't...
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December 10, 2019 - 6:46 am
LONDON (AP) — Food delivery company Just Eat rejected a sweetened takeover bid from investment firm Prosus on Tuesday, saying that the 5 billion pound ($6.6 billion) offer still “significantly undervalues” the company. Prosus N.V., which is owned by the wealthy South African investment group...
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In this April 16, 2019, photo, attendees take a close look at cars from BYD at the Auto Shanghai 2019 show in Shanghai. China's electric car sales are stalling following the end of multibillion-dollar subsidies that made it the biggest market for the technology. Communist leaders want to make China a leader in electric cars but are shifting the burden to the industry by imposing mandatory sales quotas (AP Photo/Ng Han Guan)
December 10, 2019 - 6:05 am
BEIJING (AP) — Looking for a new car, Yang Zhibo considered an electric but balked at prices that are thousands of dollars higher after Beijing wound down multibillion-dollar subsidies that made China the biggest market for the technology. The 27-year-old employee of a beverage distributor picked a...
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FILE - In this April 27, 2010 file photo, a woman using a cell phone walks past T-Mobile and Sprint stores in New York. T-Mobile, in its attempt to buy Sprint for $26.5 billion, shrinking the major wireless companies to three from four and creating another phone giant to rival AT&T and Verizon, has already notched approvals from federal national-security, telecommunications and antitrust regulators. Now it must convince a federal court judge in New York that the 14 state attorneys general suing to stop its deal are wrong. (AP Photo/Mark Lennihan, File)
December 09, 2019 - 5:12 pm
NEW YORK (AP) — An antitrust suit aimed at blocking T-Mobile's acquisition of Sprint opened Monday in a crowded courtroom in New York with testimony from Sprint executives that touched on the consumer benefits of the company's competition with T-Mobile and other carriers. A group of 14 state...
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FILE - This Sept. 15, 2019 file photo, shows storage tanks at the North Jiddah bulk plant, an Aramco oil facility, in Jiddah, Saudi Arabia. Saudi Arabia's state-owned oil company Aramco on Thursday, Dec. 5, 2019, set a share price for its IPO — expected to be the biggest ever — that puts the value of the company at $1.7 trillion, more than Apple or Microsoft. (AP Photo/Amr Nabil, File)
December 09, 2019 - 12:02 pm
RIYADH, Saudi Arabia (AP) — Saudi Arabia is expected to set a new record for the largest stock flotation in history on Wednesday with the sale of part of Aramco, the state-owned oil company valued at $1.7 trillion. The offering's success is crucial to the ambitious plan by Crown Prince Mohammed bin...
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A woman cries outside a mortuary as she waits to receive the body of a relative who died in Sunday's fire in New Delhi, India, Monday, Dec. 9, 2019. Authorities say an electrical short circuit appears to have caused a devastating fire that killed dozens of people in a crowded market area in central New Delhi. Firefighters fought the blaze from 100 yards away because it broke out in one of the area's many alleyways, tangled in electrical wire and too narrow for vehicles to access. (AP Photo/Manish Swarup)
December 09, 2019 - 6:44 am
NEW DELHI (AP) — Day laborers in one of New Delhi's most congested neighborhoods demonstrated against unsafe working conditions on Monday, a day after at least 43 people were killed in a devastating fire at an illegal factory there. Dozens of workers who were asleep when the fire broke out were...
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