Financial performance

April 25, 2017 - 5:56 am
GENEVA (AP) — Swiss pharmaceuticals group Novartis says net income fell 15 percent in the first quarter as it continued to adjust to generic competition for its Gleevec leukemia drug and stopped work on a hoped-for treatment for heart failure. The Basel-based company said net income dropped to $1.7...
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April 25, 2017 - 2:53 am
GENEVA (AP) — Swiss pharmaceuticals group Novartis says net income fell 15 percent in the first quarter, as it continued to adjust to generic competition for its Gleevec leukemia drug and stopped work on a hoped-for treatment for heart failure. The Basel-based company said net income dropped to $1...
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April 25, 2017 - 12:51 am
SHANGHAI (AP) — In a story April 22, The Associated Press reported that General Motors Co. expects annual sales of electric vehicles to reach 150,000 by 2020 and possibly surpass 500,000 by 2025. Those figures include GM's Buick, Cadillac and Chevrolet brands but not the Baojun brand made by its...
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FILE - In this July 14, 2014, file photo, a man passes by a Wells Fargo bank in Oakland, Calif. On Tuesday, April 25, 2017, Wells Fargo’s top management and board of directors will face irritated investors for the bank’s first big shareholder meeting since the scandal over its sales practices led to an executive shake-up, fines and a dented reputation. (AP Photo/Ben Margot, File)
April 25, 2017 - 12:06 am
JACKSONVILLE, Fla. (AP) — Wells Fargo's top management and board of directors will face irritated investors Tuesday for the first big shareholder meeting since the scandal over the bank's sales practices led to an executive shake-up, fines and a dented reputation. The bank has changed the way it...
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FILE - This Tuesday, April 1, 2014, file photo shows a key in the ignition switch of a 2005 Chevrolet Cobalt in Alexandria, Va. On Monday, April 24, 2017, the Supreme Court turned away an appeal from General Motors Co. seeking to block dozens of lawsuits over faulty ignition switches that one plaintiffs’ attorney said could expose the company to billions of dollars in additional claims. (AP Photo/Molly Riley, File)
April 24, 2017 - 5:23 pm
WASHINGTON (AP) — The Supreme Court on Monday turned away an appeal from General Motors Co. seeking to block dozens of lawsuits over faulty ignition switches that one plaintiffs' attorney said could expose the company to billions of dollars in additional claims. The justices without comment left in...
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FILE - In this Friday, Nov. 13, 2015, file photo, the American flag flies above the Wall Street entrance to the New York Stock Exchange. U.S. stocks are mixed early Thursday, Jan. 25, 2018, as health care companies including Biogen and Celgene rise, but airlines continue to take steep losses as investors worry about rising costs and the possibility of falling fares. The dollar is weakening further as the U.S. currency remains at three-year lows. (AP Photo/Richard Drew, File)
April 24, 2017 - 4:43 pm
NEW YORK (AP) — Vive le rally. U.S. stocks joined a worldwide surge higher Monday after the first round of France's presidential election raised expectations that the European Union will hold together. A candidate seen as pro-business won the most votes Sunday, and many investors expect him to win...
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April 24, 2017 - 11:18 am
WASHINGTON (AP) — The Supreme Court on Monday turned away an appeal from General Motors Co. seeking to block dozens of lawsuits over faulty ignition switches that one plaintiffs' attorney said could expose the company to billions of dollars in additional claims. The justices without comment left in...
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SAIC-GM president Wang Yongping announces the global launch of the Buick Velite 5, an extended range electric hybrid, during a global launch event ahead of the Shanghai Auto 2017 show in Shanghai, China, Tuesday, April 18, 2017. At the auto show, the global industry's biggest marketing event of the year, almost every global and Chinese auto brand is showing at least one electric concept vehicle, if not a market-ready model. (AP Photo/Ng Han Guan)
April 22, 2017 - 3:32 am
SHANGHAI (AP) — General Motors Co. plans to launch 10 electric and gasoline-electric hybrid vehicles in China by 2020, an executive said Friday, as automakers speed up the rollout of alternative vehicles under pressure from Beijing to promote the industry. GM will start production of a pure-...
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April 19, 2017 - 11:57 am
LONDON (AP) — Burberry shares plunged Wednesday after the U.K. luxury goods maker reported disappointing sales figures, with the fall in the pound in particular boosting spending by tourists in Britain. The company said that sales in the second half of its fiscal year fell 1 percent when stripping...
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FILE - In this Oct. 8, 2014, file photo, people walk to work on Wall Street beneath a statue of George Washington, in New York. Global stock markets were mixed on Wednesday, April 19, 2017, as investors gauged the impact from British Prime Minister Theresa May's surprise decision to hold early elections. (AP Photo/Mark Lennihan, File)
April 19, 2017 - 10:19 am
NEW YORK (AP) — U.S. stocks are rebounding Wednesday morning as strong results from Morgan Stanley and rising bond yields send banks and other financial companies higher. Industrial and basic materials companies are also gaining ground. KEEPING SCORE: The Standard & Poor's 500 index gained 9...
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