Corporate news

June 30, 2020 - 7:27 pm
FedEx Corp. flipped to a $334 million loss in its fiscal fourth quarter, but its revenue and adjusted profit beat Wall Street expectations as the virus pandemic continues to fuel a boom in online shopping. FedEx's stock rose more than 9% in after-market trading following the results report. With...
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FILE - In this May 2, 2020, file photo, people, including those with the boogaloo movement, demonstrate against business closures due to concern about COVID-19, at the State House in Concord, N.H. Facebook says it is banning a “U.S.-based anti-government network" associated with the broader “boogaloo" movement, designating it as a dangerous organization similar to groups like ISIS and white supremacist groups and individuals already banned from its service. As part of the announcement, Tuesday, June 30, 2020 Facebook said it has removed 220 Facebook accounts, 95 Instagram accounts, 28 Pages and 106 groups that that comprise the violent Boogaloo-affiliated network. (AP Photo/Michael Dwyer, File)
June 30, 2020 - 4:02 pm
OAKLAND, Calif. (AP) — Facebook has banned an extremist anti-government network loosely associated with the broader “boogaloo” movement, a slang term supporters use to refer to a second Civil War or a collapse of civilization. But the platform didn't try to name the group, underscoring the...
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The Citroen e-C4 all electric hatchback is display during a media presentation in Paris, Tuesday, June 30, 2020. PSA Group's Citroen Brand is showing off a new version of its C4 compact hatchback, a model that will be key to the company's sales prospects as it faces a highly competitive European car market that faces severe headwinds from the coronavirus. (AP Photo/Michel Euler)
June 30, 2020 - 3:01 pm
FRANKFURT, Germany (AP) — PSA Group unveiled one of its most important new models Tuesday with 20 people physically present and 2,600 watching online - a marketing configuration that the coronavirus seems likely to accelerate across the industry now that next year's Geneva auto show was cancelled...
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Passengers arrive at the Barcelona airport, Spain, Tuesday, June 30, 2020. The European Union on Tuesday is announcing a list of nations whose citizens will be allowed to enter 31 European countries. As Europe’s economies reel from the impact of the coronavirus, southern EU countries like Greece, Italy and Spain are desperate to entice back sun-loving visitors and breathe life into their damaged tourism industries. (AP Photo/Emilio Morenatti)
June 30, 2020 - 10:44 am
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Tuesday related to the national and global response, the work place and the spread of the virus. ________________________ MOVIE TIME: Cinemark Holdings will reopen some of...
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FILE - This Nov. 15, 2019, file photo shows logs of Yahoo Japan and Line Corp. in Tokyo. Online services Yahoo Japan and Line Corp. said Tuesday, June 30, 2020, the fallout from the coronavirus pandemic is causing delays that will push back their merger to later than the scheduled October date. (Shinji Kita/Kyodo News via AP, File)
June 30, 2020 - 5:51 am
TOKYO (AP) — Online services Yahoo Japan and Line Corp. said Tuesday the fallout from the coronavirus pandemic is causing delays that will push back their merger to later than the scheduled October date. Z Holdings Corp., which operates Yahoo Japan, and Naver Corp. of South Korea, which owns a...
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FILE - In this Dec. 11, 2019, file photo, a Boeing 737 Max being built for Norwegian Air International taxis for a test flight, at Renton Municipal Airport in Renton, Wash. Key senators say the Federal Aviation Administration is stonewalling their attempt to get documents that might explain how the agency approved the Boeing 737 Max, which remains grounded more than a year after two deadly crashes. Senate Commerce Committee Chairman Roger Wicker, a Republican from Mississippi, said Wednesday, June 17, 2020 that the FAA has failed to respond to more than half of his committee’s requests for documents. (AP Photo/Ted S. Warren, File)
June 30, 2020 - 4:50 am
COPENHAGEN, Denmark (AP) — Low-cost carrier Norwegian Air Shuttle said Tuesday it has cancelled its 97 outstanding orders for planes from U.S. manufacturer Boeing. Norwegian said in a statement it had terminated the purchase agreements of five 787 Dreamliners and 92 737 MAX aircraft. The Oslo-based...
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June 30, 2020 - 4:30 am
STOCKHOLM (AP) — Scandinavian Airlines said Tuesday it is getting an aid package worth 14.25 billion kronor ($1.5 billion) after an agreement with its main shareholders, securing the carrier’s survival amid the COVID-19 crisis. The governments of Sweden and Denmark, which own shares in the airline...
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June 29, 2020 - 7:23 pm
NEW YORK (AP) — Athletic apparel maker Lululemon Athletica Inc. said Monday it's acquiring at-home exercise startup Mirror for $500 million. The deal is part of Lululemon's plan to expand beyond just selling yoga tights and other workout clothing. “The acquisition of Mirror is an exciting...
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FILE - This April 9, 2020 file photo shows a closed Patagonia clothing store in Freeport, Maine. The outdoor gear company Patagonia is the latest brand to announce an advertising boycott of Facebook and its Instagram app, saying the social media giant has “failed to take steps to stop the spread of hateful lies and dangerous propaganda on its platform." Patagonia joins The North Face and the outdoor gear company REI, which have announced similar boycotts in recent days. It is not clear how much the boycotts will affect Facebook's advertising revenue, which was nearly $70 billion in 2019, making up nearly all of its total revenue. (AP Photo/Robert F. Bukaty)
June 29, 2020 - 6:56 pm
For years, social media platforms have fueled political polarization and hosted an explosion of hate speech. Now, with four months until the U.S. presidential election and the country’s divisions reaching a boiling point, these companies are upping their game against bigotry and threats of violence...
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FILE - In this Thursday, June 4, 2020 file photo, a woman looks at the plywood covering the windows of a Starbucks store in downtown Naperville, Ill., as Naperville residents used hearts to post messages in support of the Black Lives Matter movement. Starbucks is the latest company to say it will pause social-media ads after a campaign led by civil-rights organizations called for an ad boycott of Facebook, saying it doesn't do enough to stop racist and violent content. Starbucks said Sunday, June 28 that its actions were not part of the “#StopHateforProfit” campaign, but that it is pausing its social ads while talking with civil rights organizations and its media partners about how to stop hate speech online. (AP Photo/Nam Y. Huh, File)
June 28, 2020 - 7:18 pm
Starbucks is the latest company to say it will pause social media ads after a campaign led by civil rights organizations called for an ad boycott of Facebook, saying it doesn't do enough to stop racist and violent content. Starbucks said Sunday that its actions were not part of the “#...
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