Corporate news

Nissan Motor Co. Chief Executive Hiroto Saikawa speaks during a press conference in Yokohama, near Tokyo Monday, Dec. 17, 2018. Nissan's board met Monday but failed to pick a new chairman to replace Carlos Ghosn, arrested last month on charges of violating financial regulations, saying more discussion was needed. (AP Photo/Koji Sasahara)
December 17, 2018 - 6:39 am
YOKOHAMA, Japan (AP) — Nissan's board met Monday but failed to pick a new chairman to replace Carlos Ghosn, who was arrested last month on charges of violating financial regulations, saying more discussion was needed. Nissan Motor Co. Chief Executive Hiroto Saikawa told reporters that the board...
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FILE - In this Nov. 19 2018, file photo, Nissan Motor Co. President and Chief Executive Officer Hiroto Saikawa speaks during a press conference at Nissan Motor Co. Global Headquarter, in Yokohama, near Tokyo. Nissan’s board is meeting to pick a chairman to replace Carlos Ghosn, arrested last month on charges of violating financial regulations. The Dec. 17, 2018, meeting comes amid an unfolding scandal that threatens the Japanese automaker’s two-decade alliance with Renault SA of France and its global brand, as well as highlighting shoddy governance. (AP Photo/Shuji Kajiyama, File)
December 17, 2018 - 12:37 am
TOKYO (AP) — Nissan's board is meeting to pick a chairman to replace Carlos Ghosn, arrested last month on charges of violating financial regulations. Monday's meeting comes amid an unfolding scandal that threatens the Japanese automaker's two-decade alliance with Renault SA of France and its global...
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FILE - In this June 21, 2018, file photo, a laboratory manager demonstrates how she uses an instrument to photograph cannabis samples at an analytical laboratory in Oakland, Calif. California marijuana producers are seeing a higher percentage of buds, oils and other products clear strict safety tests. Testing started in July and the first two months saw about a 20 percent failure rate. Now it's down to 14 percent. State and industry officials say that shows businesses are adjusting to the regulated market. (AP Photo/Jeff Chiu, File)
December 16, 2018 - 12:31 pm
LOS ANGELES (AP) — A higher percentage of California marijuana products are passing strict safety tests, but the sudden closing of a lab that state authorities found wasn't correctly checking for pesticides has raised new questions about the system intended to protect the purity and potency of...
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FILE - In this Sept. 26, 2018, file photo, visitors look at a display for 5G wireless technology from Chinese technology firm Huawei at the PT Expo in Beijing. While a Huawei executive faces possible U.S. charges over trade with Iran, the Chinese tech giant's ambition to be a leader in next-generation telecoms is colliding with security worries abroad. (AP Photo/Mark Schiefelbein, File)
December 16, 2018 - 8:30 am
BEIJING (AP) — While a Huawei executive faces possible U.S. charges over trade with Iran, the Chinese tech giant's ambition to be a leader in next-generation telecoms is colliding with security worries abroad. Australia and New Zealand have barred Huawei Technologies Ltd. as a supplier for fifth-...
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FILE - In this July 29, 2013, file photo, Les Moonves arrives at the CBS, CW and Showtime TCA party at The Beverly Hilton in Beverly Hills, Calif. CBS is pledging $20 million in grants to 18 organizations dedicated to eliminating sexual harassment in the workplace as the network tries to recover from the scandal that forced the ouster of Moonves. CBS said Friday, Dec. 14, 2018 that the money will go toward helping the organizations expand their work and “ties into the company’s ongoing commitment to strengthening its own workplace culture.” (Photo by Jordan Strauss/Invision/AP, File)
December 14, 2018 - 8:32 pm
NEW YORK (AP) — CBS on Friday pledged to give $20 million to 18 organizations dedicated to eliminating sexual harassment in the workplace as the network tries to recover from a scandal that led to the ouster of its top executive, Les Moonves. The announcement comes as the network's crisis deepens,...
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FILE - This Oct. 10, 2008, file photo illustration shows Johnson & Johnson products, in Philadelphia. Johnson & Johnson is forcefully denying a media report that it knew for decades of the existence of trace amounts of asbestos in its baby powder. The report Friday, Dec. 14, 2018, by the Reuters news service sent company shares into a tailspin, suffering their worst sell-off in 16 years. (AP Photo/Matt Rourke, File)
December 14, 2018 - 5:50 pm
NEW YORK (AP) — Johnson & Johnson on Friday forcefully denied a media report that it knew for decades about the existence of trace amounts of asbestos in its baby powder. The report by the Reuters news service sent the company's shares into a tailspin, suffering their worst one-day sell-off in...
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FILE - In this Sept. 21, 2016, file photo, V.C. Summer Nuclear Station's unit two's turbine is under construction near Jenkinsville, S.C., during a media tour of the facility. The Public Service Commission will determine at a meeting on Friday, Dec. 14, 2018 how much to cut rates for 737,000 South Carolina Electric & Gas customers who have already paid more than $2 billion for a pair of nuclear reactors abandoned during construction. (AP Photo/Chuck Burton, File)
December 14, 2018 - 1:57 pm
COLUMBIA, S.C. (AP) — The Latest on South Carolina regulators' votes on issues concerning the fallout from a $9 billion nuclear construction project failure (all times local): 1:55 p.m. A majority of South Carolina regulators say they will vote to approve a deal to rescue a utility company reeling...
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In this image made from video taken on March 2, 2017, Michael Spavor, director of Paektu Cultural Exchange, talks during a Skype interview in Yangi, China. A second Canadian man is feared detained in China in what appears to be retaliation for Canada's arrest of a top executive of telecommunications giant Huawei. The possible arrest raises the stakes in an international dispute that threatens relations. Canada's Global Affairs department on Wednesday, Dec. 12, 2018, said Spavor, an entrepreneur who is one of the only Westerners to have met North Korean leader Kim Jong Un, had gone missing in China. Spavor's disappearance follows China's detention of a former Canadian diplomat in Beijing earlier this week. (AP Photo)
December 14, 2018 - 1:55 pm
WASHINGTON (AP) — The Latest on talks between the U.S. and Canada (all times local): ___ 1:50 p.m. U.S. Secretary of State Mike Pompeo says the detention of two Canadian citizens in China is unlawful and is calling for them to be released. China detained the two Canadians this week in apparent...
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FILE - This August 2010 file photo shows a sign for Moody's Corp. in New York. Concerns are building from Washington to Wall Street about the trillions of dollars in debt that U.S. businesses have racked up, particularly by companies with relatively weak finances. (AP Photo/Mark Lennihan, File)
December 14, 2018 - 12:36 pm
NEW YORK (AP) — Homeowners appear to have learned the lesson of the Great Recession about not taking on too much debt. There is some concern that Corporate America didn't get the message. For much of the past decade, companies have borrowed at super-low interest rates and used the money to buy back...
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FILE - In this Thursday, March 8, 2018 file photo Volkswagen cars are pictured during a final quality control at the Volkswagen plant in Wolfsburg, Germany. Automaker Volkswagen says it is on track for a new annual sales record despite troubles getting vehicles certified for new European emissions tests. (AP Photo/Michael Sohn, file)
December 14, 2018 - 7:01 am
FRANKFURT, Germany (AP) — Volkswagen, which last year vied for the title of world's largest carmaker, says it is on track to beat that performance with a new annual sales record — despite trouble getting vehicles certified for new European emissions tests. Sales head Christian Dahlheim said Friday...
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