Corporate news

July 19, 2017 - 3:35 am
RALEIGH, N.C. (AP) — Shareholders are deciding whether to merge British American Tobacco with Reynolds American Inc., a deal that would create the world's largest publicly traded tobacco company. If approved during separate shareholder votes Wednesday, the deal is expected to become effective next...
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FILE - In this Tuesday, Jan. 12, 2016, file photo, a man and his son walk out from the Wanda Cinema at the Wanda Group building in Beijing. The U.S. cinema chain AMC has tried to reassure financial markets it is unaffected by its Chinese parent's debts, saying the American unit never has relied on Wanda Group for financing. (AP Photo/Andy Wong)
July 19, 2017 - 1:56 am
BEIJING (AP) — The U.S. cinema chain AMC has tried to reassure financial markets it is unaffected by its Chinese parent's debts, saying the American unit never has relied on Wanda Group for financing. Shares in AMC Entertainment Holdings, Inc. fell this week following reports Chinese regulators...
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July 19, 2017 - 1:38 am
BEIJING (AP) — The U.S. cinema chain AMC has tried to reassure financial markets it is unaffected by its Chinese parent's debts, saying the American unit never has relied on Wanda Group for financing. Shares in AMC Entertainment Holdings, Inc. fell this week following reports Chinese regulators...
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FILE - This Tuesday, Sept. 13, 2016, file photo, shows Johnson & Johnson Band-Aid brand bandages in Surfside, Fla. Johnson & Johnson reports financial earnings Tuesday, July 18, 2017. (AP Photo/Wilfredo Lee, File)
July 18, 2017 - 1:26 pm
With a number of acquisitions and new product approvals, Johnson & Johnson looked beyond a dip in second-quarter profit and raised its outlook for the year. The health care products giant expects sales and profit growth to accelerate this year, with momentum carrying over into 2018. The company...
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FILE - In this Feb. 5, 2015 file photo the logo of a Mercedes car is photographed during an annual press conference of Daimler AG in Stuttgart, Germany. German automaker Daimler says Tuesday, July 18, 2017 it is voluntarily recalling 3 million diesel cars in Europe to improve their emissions performance. The Stuttgart-based company, which makes Mercedes-Benz luxury cars, says it is taking the step to reassure drivers and strengthen confidence in diesel technology. (AP Photo/Michael Probst, File)
July 18, 2017 - 1:26 pm
FRANKFURT, Germany (AP) — German automaker Daimler says it is voluntarily recalling 3 million Mercedes-Benz brand cars with diesel engines in Europe to improve their emissions performance in the wake of widespread public debate over the future of diesel. The Stuttgart-based company says it is...
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July 18, 2017 - 10:28 am
BARNSTABLE, Mass. (AP) — Cape Cod Potato Chips will continue to be made on Cape Cod. Snyder's-Lance Inc., which owns the snack food brand, had considered moving production of the chips not only off Cape Cod but out of Massachusetts because of what it called a "dated" and "overcrowded" plant in...
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July 18, 2017 - 10:23 am
NEW YORK (AP) — U.S. stocks and the dollar are slipping Tuesday morning after the latest Republican health care bill failed in the Senate. Drugmakers and health insurers are trading lower. Elsewhere, banks are falling as bond yields and interest rates decrease. Streaming video company Netflix is...
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A Spanish Civil Guard policeman stands guard outside the Spanish Football Federation headquarters during an anti-corruption operation in Las Rozas, outside Madrid, Tuesday, July 18, 2017. Spanish Football Federation president Angel Maria Villar was arrested Tuesday along with his son and two more federation executives as part of an anti-corruption probe. (AP Photo/Francisco Seco)
July 18, 2017 - 8:59 am
MADRID (AP) — Spanish Football Federation president Angel Maria Villar was arrested along with his son and two more federation executives in an anti-corruption investigation on Tuesday. Villar, who is FIFA's senior vice president and a UEFA vice president, was suspected of having arranged matches...
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July 18, 2017 - 3:10 am
BERLIN (AP) — Swiss pharmaceutical company Novartis says its net profit rose 10 percent in the second quarter, helped by gains from divestments. Novartis said Tuesday that net earnings rose to $1.98 billion in the April-June period from $1.81 billion a year earlier. Net sales, however, were down 2...
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July 18, 2017 - 12:03 am
CINCINNATI (AP) — A Cincinnati-area photographer is suing Procter & Gamble, saying the consumer products company didn't pay her for photos that appeared on Olay packaging worldwide. The lawsuit filed in federal court in Cincinnati by photographer Annette Navarro accuses Cincinnati-based P&G...
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