Corporate news

February 22, 2019 - 8:30 pm
A group of Microsoft workers is demanding the company cancel a contract supplying the U.S. Army with HoloLens headsets that they say would turn real-world battlefields into a video game. Microsoft's head-mounted HoloLens displays use augmented reality, which means viewers can see virtual imagery...
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February 22, 2019 - 5:05 pm
Technology and health care companies led U.S. stocks higher Friday, giving the benchmark S&P 500 its fourth straight weekly gain. The broad rally came as investors grew hopeful that the latest round of talks between the U.S. and China will lead to a resolution of the costly trade war that's...
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February 22, 2019 - 10:10 am
FRANKFURT, Germany (AP) — Automakers Daimler and BMW say that trustworthy handling of personal data will be a key competitive advantage in their new joint venture that offers app-based services like free-floating car-sharing in big cities. The two competitors for luxury car customers said Friday...
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February 22, 2019 - 9:43 am
DETROIT (AP) — AutoNation, the country's largest auto dealership chain, went outside the auto industry to find its new chief executive, appointing a top leader from the USAA financial services company. The Fort Lauderdale, Florida, chain announced Friday that Carl Liebert will take over for the...
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February 22, 2019 - 9:35 am
PITTSBURGH (AP) — Kraft Heinz disclosed an investigation by federal regulators and will slash the value of its Oscar Mayer and Kraft brands by $15.4 billion. Shares plunged 26 percent at the opening bell Friday, the company's biggest single-day decline, after posting a stunning $12.6 billion loss...
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February 21, 2019 - 9:07 am
BOONE, N.C. (AP) — A Los Angeles man who pleaded guilty to creating a fake company and posing as a construction company worker to steal nearly $2 million from a North Carolina university has been sentenced to three years in prison. The Winston-Salem Journal reports Ho Shin Lee was also ordered...
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FILE -- In this Feb. 20, 2019 photo a man holds a weapon of the gun maker Heckler & Koch in Berlin, Germany. The regional court in the German city of Stuttgart has convicted two former employees of gun maker Heckler & Koch over their role in delivering weapons that ended up in troubled areas of Mexico. It has fined the company 3.7 million euros ($4.2 million), the value of the proceeds. (Wolfgang Kumm/dpa via AP, file)
February 21, 2019 - 8:29 am
BERLIN (AP) — A German court on Thursday convicted two former employees of gun maker Heckler & Koch over their role in the delivery of weapons that ended up in troubled areas of Mexico, and ordered the confiscation of proceeds from the sales totaling some 3.7 million euros ($4.2 million). The...
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FILE - In this file photo dated Thursday, Oct. 23, 2008, A tugboat passes a container ship docked at APM Terminals in Elizabeth, N.J. U.S.A. APM Terminals is owned by A.P. Moller-Maersk Group of Netherlands. Shares in the world’s biggest shipping company, Denmark’s A.P. Moller-Maersk, plunged Thursday Feb. 21, 2019, after it warned of the commercial damage it would suffer from a U.S. escalation in the trade war with China. (AP Photo/Mark Lennihan, FILE)
February 21, 2019 - 5:59 am
COPENHAGEN, Denmark (AP) — Shares in the world's biggest shipping company, Denmark's A.P. Moller-Maersk, plunged Thursday after it warned of the commercial damage it would suffer from a U.S. escalation in the trade war with China. The company reported a fourth quarter loss of $34 million, from a $...
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February 21, 2019 - 4:38 am
CHARLESTON, S.C. (AP) — The former chief financial officer for the school district of Berkeley County, South Carolina, has been sentenced to just over 5 years in prison for embezzling more than $1.2 million. News outlets report 62-year-old Brantley Thomas was sentenced Wednesday on federal charges...
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Former CEO of Global Wealth Management and Business Banking at UBS AG Raoul Weil leaves the Paris courthouse in Paris, France, Wednesday, Feb. 20, 2019. A Paris court has ordered Swiss bank UBS to pay 3.7 billion euros ($4.2 billion) in fines for helping wealthy French clients evade tax authorities. (AP Photo/Michel Euler)
February 20, 2019 - 2:11 pm
PARIS (AP) — A French court ordered Switzerland's largest bank, UBS, to pay 4.5 billion euros ($5.1 billion) in fines and damages for helping wealthy French clients evade tax authorities, sending a stern warning to tax dodgers and the banks that aid them. The Paris court convicted Zurich-based UBS...
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