Corporate news

Buildings from different eras of the city's history surround an empty lot in downtown Saginaw, Mich., Monday, June 29, 2020. President Donald Trump won Saginaw county by just over 1,000 votes in 2016, capitalizing on the rusting industrial city's frustrations and its dislike of Democrat Hillary Clinton. (AP Photo/Charles Rex Arbogast)
July 07, 2020 - 5:48 am
Your daily look at late-breaking news, upcoming events and the stories that will be talked about today: 1. A MICROCOSM OF AMERICAN DISUNITY Places like Saginaw County, in the battleground state Michigan, have been hit with the triple shock of a pandemic, recession and an uprising against police...
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FILE - In this Nov. 30, 2016, file photo, investor Ray Washburne waits for an elevator in the lobby of Trump Tower in New York. As much as $273 million in federal coronavirus aid was awarded to more than 100 companies that are owned or operated by major donors to President Donald Trump's election efforts, according to an Associated Press analysis of federal data that was released Monday, July 6, 2020. Irving, Texas-based M Crowd Restaurant Group, which owns 27 Texas restaurants including the Mi Cocina chain, was approved for between $5 million and $10 million. Washburne, one of the company’s founders, was vice chairman of the Trump Victory Committee in 2016 and donated $100,000 to the PAC last August. The company did not respond to a request for comment. (AP Photo/Evan Vucci, File)
July 07, 2020 - 5:41 am
WASHINGTON (AP) — As much as $273 million in federal coronavirus aid was awarded to more than 100 companies that are owned or operated by major donors to President Donald Trump's election efforts, according to an Associated Press analysis of federal data. Many were among the first to be approved...
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Hong Kong Chief Executive Carrie Lam listens to reporters' questions during a press conference in Hong Kong, Tuesday, July 7, 2020. TikTok said Tuesday it will stop operations in Hong Kong, joining other social media companies in warily eyeing ramifications of a sweeping national security law that took effect last week.(AP Photo/Vincent Yu)
July 07, 2020 - 4:40 am
HONG KONG (AP) — Hong Kong’s leader Carrie Lam offered scant reassurance Tuesday over a new national security law that critics say undermines liberties and legal protections promised when China took control of the former British colony. A year ago, Hong Kong residents felt secure enough in their...
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Visitors try out Samsung Electronics' Galaxy Z Flip smartphones at its shop in Seoul, South Korea, Tuesday, July 7, 2020. Samsung Electronics Co. said Tuesday its operating profit for the last quarter likely rose 23% from the same period last year, helped by robust demand for memory chips used in personal computers and servers as the coronavirus pandemic has more people working from home. (AP Photo/Ahn Young-joon)
July 07, 2020 - 12:45 am
SEOUL, South Korea (AP) — Samsung Electronics Co. said Tuesday its operating profit for the last quarter likely rose 23% from the same period last year, helped by robust demand for memory chips used in personal computers and servers as the coronavirus pandemic has more people working from home. The...
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A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, July 7, 2020. Asian shares were mixed Tuesday, as some benchmarks were buoyed by an ongoing worldwide rally as investors bet on a dramatic economic turnaround amid ongoing challenges of the coronavirus outbreak. (AP Photo/Vincent Yu)
July 07, 2020 - 12:41 am
TOKYO (AP) — Markets were mostly lower in Asia on Tuesday as expanding coronavirus outbreaks dimmed hopes for a global recovery, despite an overnight rally in tech shares that pushed the Nasdaq composite to another record high. Japan's benchmark Nikkei 225 dropped 0.6% to 22,577.65 and South Korea'...
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FILE - In this May 15, 2020 file photo, an Uber sign is displayed inside a car in Chicago. Uber finally got its food delivery company, acquiring Postmates in a $2.65 billion all-stock deal, the ride-hailing giant confirmed Monday, July 6. (AP Photo/Nam Y. Huh, File)
July 06, 2020 - 3:06 pm
SILVER SPRING, Md. (AP) — Uber has widened its reach in the fiercely competitive delivery market by acquiring Postmates in a $2.65 billion all-stock deal, the company said Monday. The acquisition enables the ride-hailing giant to increase its delivery offerings at a time when the global pandemic...
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FILE - In this June 25, 2020, file photo, Democratic presidential candidate former Vice President Joe Biden, center, speaks to Stacie Ritter, right, and her son, Jan, during a meeting with families who have benefited from the Affordable Care Act in Lancaster, Pa. Biden is hoping to capture Florida and other pivotal states by pushing Latino turnout rates higher than when Hillary Clinton lost to Donald Trump in 2016. (AP Photo/Matt Slocum, File)
July 06, 2020 - 6:17 am
WASHINGTON (AP) — The Spanish-language ads for Joe Biden used the same slogan to contrast him with President Donald Trump — “los cuentos no pagan las cuentas,” a play on words that roughly means “telling stories won't pay the bills.” But the narrator for the version that aired in Miami had a Cuban...
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Mercedes driver Valtteri Bottas of Finland poses with his trophy and a bottle of champagne after winning the Austrian Formula One Grand Prix at the Red Bull Ring racetrack in Spielberg, Austria, Sunday, July 5, 2020. (Mark Thompson/Pool via AP)
July 05, 2020 - 12:46 pm
SPIELBERG, Austria (AP) — Valtteri Bottas insisted before the season-opening Austrian Grand Prix on Sunday that he has what it takes to win the Formula One world championship. That’s a tall order with six-time F1 champion Lewis Hamilton as his teammate at Mercedes. Especially as Hamilton needs one...
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File---Picture taken June 24, 2020 shows the Wirecard logo at the headquarters of the payment service provider in Aschheim, Germany. (Sven Hoppe/picture-alliance/dpa via AP, file)
July 05, 2020 - 7:47 am
BERLIN (AP) — Germany's finance minister says he wants to revamp the oversight system for the country's financial industry in the wake of the accounting scandal at payment systems provider Wirecard. The Munich-based Wirecard filed for bankruptcy recently after auditors couldn’t find accounts in the...
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A car stands vertically on a muddy road after being washed away by flood, in Hitoyoshi, Kumamoto prefecture, southwestern Japan, Sunday, July 5, 2020. Heavy rain in the Kumamoto region triggered flooding and mudslides Saturday and left dozens still being stranded at their homes and other facilities. (Kyodo News via AP)
July 05, 2020 - 7:11 am
TOKYO (AP) — Deep floodwaters and the risk of more mudslides that left at least 34 people confirmed or presumed dead hampered search and rescue operations Sunday in southern Japan, including at elderly home facilities where more than a dozen died and scores were still stranded. Helicopters and...
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