Corporate news

August 16, 2019 - 9:03 pm
SAN FRANCISCO (AP) — A judge presiding over Pacific Gas and Electric's bankruptcy case agreed Friday to allow a state jury to decide whether the power company's equipment ignited a devastating wildfire in California wine country nearly two years ago. State fire investigators have already determined...
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FILE - In this May 1, 2019, file photo, a person walks past a Google sign in San Francisco. Google employees are calling on the company to pledge it won’t work with U.S. Customs and Border Protection or Immigration and Customs Enforcement _ the latest in a year full of political and social pushback from the tech giant’s workforce. (AP Photo/Jeff Chiu, File)
August 16, 2019 - 7:28 pm
SAN FRANCISCO (AP) — Hundreds of Google employees are calling on the company to pledge it won't work with U.S. Customs and Border Protection or Immigration and Customs Enforcement. It's the latest in a year full of political and social pushback from the tech giant's workforce. A group of employees...
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August 16, 2019 - 3:47 pm
New York officials are demanding that banks and other companies with connections to the family that owns OxyContin maker Purdue Pharma hand over financial records as the state tries to trace where money from opioid sales ended up. The state attorney general's office began issuing subpoenas this...
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FILE - In this Feb. 23, 2018 file photo, John Deere products, including a toy tractor on the sign, are on display at a home and garden trade show in Council Bluffs, Iowa. John Deere reports financial earnings Friday, Aug. 16, 2019. (AP Photo/Nati Harnik, File)
August 16, 2019 - 9:40 am
Deere & Co. cut its profit expectations for the second time this year as beleaguered farmers and an escalating trade war with China cut into sales. Widespread and heavy flooding severely delayed planting this year for thousands of farmers. In the 18 states that grow most of the nation's corn,...
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In this Thursday, Aug. 1, 2019, photo, evidence of a Cascadia earthquake's awesome destructive power is visible at the beach in Neskowin, Ore. A "ghost forest" of Sitka spruces juts up from the beach in the tiny town. The trees were likely buried by tsunami debris 2,000 years earlier, and partially uncovered by storms in 1997. (AP Photo/Andrew Selsky)
August 16, 2019 - 9:30 am
NEWPORT, Ore. (AP) — With sunlight sparkling off surrounding Yaquina Bay, workers are putting up an ocean-studies building, smack in the middle of an area expected to one day be hit by a tsunami. Experts say it's only a matter of time before a shift in a major fault line off the Oregon coast causes...
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FILE - In this March 15, 2017, file photo, from right, Cathay Pacific Chief Operating Officer Rupert Hogg, Chairman John Slosar and Chief Executive Ivan Chu attend a news conference as they announce the company result in Hong Kong. Hogg resigned Friday, Aug. 16, 2019, following pressure by Beijing on the Hong Kong carrier over participation by some of its employees in anti-government protests. (AP Photo/Kin Cheung, File)
August 16, 2019 - 6:13 am
HONG KONG (AP) — The CEO of Cathay Pacific Airways resigned Friday following pressure by Beijing on the Hong Kong carrier over participation by some of its employees in anti-government protests. Rupert Hogg became the highest-profile corporate casualty of official Chinese pressure on companies to...
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FILE - In this April 24, 2019, file photo a Walmart associate works at a Walmart Neighborhood Market in Levittown, N.Y. Walmart Inc. reports financial results Thursday, Aug. 15. (AP Photo/Mark Lennihan, File)
August 15, 2019 - 10:46 am
NEW YORK (AP) — Walmart offered a dose of optimism amid growing concerns over weakening economic growth by raising its annual outlook after a strong second quarter. Sales at stores opened at least a year rose 2.8%, its 20th consecutive quarter in the right direction as the world's largest retailer...
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FILE - In this July 28, 2019, file photo unsold 2019 Lincoln Navigators sit at a dealership in Englewood, Colo. On Thursday, Aug. 15, the Commerce Department releases U.S. retail sales data for July. (AP Photo/David Zalubowski, File)
August 15, 2019 - 10:41 am
WASHINGTON (AP) — Americans spent more at retail stores and restaurants in July, a sign that concerns over weakening economic growth and a persistent trade war that have roiled financial markets have yet to dampen consumer confidence. Retail sales rose a healthy 0.7% last month after a 0.3% gain in...
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FILE - In this June 24, 2019, file photo Ford's employees work on a Lincoln Aviator line at Ford's Chicago Assembly Plant in Chicago's Hegewisch neighborhood. On Thursday, Aug. 15, the Federal Reserve reports on U.S. industrial production for July. (AP Photo/Amr Alfiky, File)
August 15, 2019 - 9:28 am
WASHINGTON (AP) — U.S. industrial production fell 0.2% in July, as factory activity slumped in a worrisome sign for the economy. The Federal Reserve said Thursday that the overall decline was caused primarily by a 0.4% drop last month in manufacturing production. Output decreased for autos,...
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People watch a TV screen showing a live broadcast of South Korean President Moon Jae-in's speech during a ceremony to celebrate the Korean Liberation Day, marking the 74th anniversary of Korea's liberation from the Japanese colonial rule, at the Seoul Railway Station in Seoul, South Korea, Thursday, Aug. 15, 2019. The signs read: "Korean Liberation Day."(AP Photo/Ahn Young-joon)
August 15, 2019 - 1:16 am
SEOUL, South Korea (AP) — South Korean President Moon Jae-in offered an olive branch to Japan to end an ongoing trade dispute Thursday, saying Seoul will "gladly join hands" if Tokyo wants to talk. Moon in a nationally televised speech also downplayed the threat posed by North Korea's recent short-...
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