Corporate news

FILE - In this July 30, 2019, file photo, a traveller pulls a trolley past a U.S. embassy car outside a hotel in Shanghai. China has announced it will raise tariffs on $75 billion of U.S. products in retaliation for President Donald Trump's planned Sept. 1 duty increase in a war over trade and technology policy. (AP Photo/Ng Han Guan, File)
August 23, 2019 - 11:33 pm
WASHINGTON (AP) — The Latest on the escalating trade war between the U.S. and China, the world's two largest economies (all times local): 12:35 a.m. President Donald Trump is pushing back against those questioning whether he has the authority to order American companies to cut trade ties with China...
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Federal Reserve Chairman Jerome Powell, left, and Bank of England Governor Mark Carney, right, pause in front of Mt. Moran after Powell's speech at the Jackson Hole Economic Policy Symposium on Friday, Aug. 23, 2019, in Jackson Hole, Wyo. (AP Photo/Amber Baesler)
August 23, 2019 - 9:15 pm
WASHINGTON (AP) — President Donald Trump launched a furious and highly personal Twitter attack Friday against the Federal Reserve and Chairman Jerome Powell, fuming that the Fed once more "did NOTHING!" and wondering who is "our bigger enemy" — Powell or China's leader. The outburst came after...
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FILE - In this June 29, 2019, file photo, President Donald Trump, left, meets with Chinese President Xi Jinping during a meeting on the sidelines of the G-20 summit in Osaka, Japan. China has announced it will raise tariffs on $75 billion of U.S. products in retaliation for President Donald Trump's planned Sept. 1 duty increase in a war over trade and technology policy. (AP Photo/Susan Walsh, File)
August 23, 2019 - 8:44 pm
WASHINGTON (AP) — President Donald Trump angrily escalated his trade fight with China on Friday, raising retaliatory tariffs and ordering American companies to consider alternatives to doing business there. He also blamed Jerome Powell, the man he appointed as chairman of the Federal Reserve, for...
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FILE - In this June 29, 2019, file photo, President Donald Trump, left, meets with Chinese President Xi Jinping during a meeting on the sidelines of the G-20 summit in Osaka, Japan. China has announced it will raise tariffs on $75 billion of U.S. products in retaliation for President Donald Trump's planned Sept. 1 duty increase in a war over trade and technology policy. (AP Photo/Susan Walsh, File)
August 23, 2019 - 9:09 am
BEIJING (AP) — China on Friday announced tariff hikes on $75 billion of U.S. products in retaliation for President Donald Trump's latest planned increase, deepening a conflict over trade and technology that threatens to tip a weakening global economy into recession. China also will increase import...
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FILE - In this Wednesday, May 8, 2019 file photo, workers stand near a Boeing 737 MAX 8 jetliner being built for American Airlines prior to a test flight in Renton, Wash. Federal safety officials are recruiting pilots from airlines around the world to test changes that Boeing is making in flight-control software on the grounded 737 Max jet, according to two people briefed on the situation (AP Photo/Ted S. Warren, File)
August 22, 2019 - 7:43 pm
DALLAS (AP) — Federal safety officials are recruiting pilots from airlines around the world to test changes that Boeing is making to the flight-control software on the grounded 737 Max jet, according to two people briefed on the situation. The Federal Aviation Administration is asking that some of...
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August 22, 2019 - 5:35 pm
SAN FRANCISCO (AP) — HP Inc. is losing the chief executive who has been leading the personal computer maker since it broke off as a separate company four years ago. The Palo Alto, California, company says CEO Dion Weisler will step down from the job Nov. 1 because of an undisclosed family issue. He...
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FILE - This Aug. 23, 2018, file photo shows a window display at a Gap Kids clothing store in Winter Park, Fla. The Gap Inc. reports financial results Thursday, Aug. 22. (AP Photo/John Raoux, File)
August 22, 2019 - 5:27 pm
NEW YORK (AP) — Gap Inc.'s fiscal second quarter profits fell 43%, dragged down by costs related to store closings and the restructuring of its business. The beleaguered San Francisco-based chain also reported comparable sales declines at its three top brands, including at Old Navy, once a bright...
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FILE - In this Nov. 6, 2007, file photo Patrick Byrne, President and CEO of Overstock.com is reflected on a large television screen while being interviewed at the headquarters for supporters of school vouchers in Salt Lake City. Byrne has resigned, saying he’d become “far too controversial” to helm the e-commerce company known for selling discounted sofas and jewelry. Bryne, who founded the online discount retailer 20 years ago, said Thursday, Aug. 22, 2019, that was “in the sad position” of having to step down. (AP Photo/Steve C. Wilson)
August 22, 2019 - 4:14 pm
SAN FRANCISCO (AP) — The CEO of Overstock.com has resigned, saying he'd become "far too controversial" to helm the e-commerce company known for selling discounted sofas and jewelry. Patrick Byrne's resignation Thursday came after the company issued a bizarre statement last week in which the former...
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In this photo provided by South Korea Presidential Blue House, South Korean President Moon Jae-in listens a report from officials about the General Security of Military Information Agreement, or GSOMIA, at the Presidential Blue House in Seoul, South Korea, Thursday, Aug. 22, 2019. South Korea will stop exchanging classified intelligence on North Korea with Japan amid a bitter trade dispute, an official said Thursday, a surprise announcement that is likely to set back U.S. efforts to bolster security cooperation with two of its most important allies in the Asian region. (South Korea Presidential Blue House via AP)
August 22, 2019 - 1:07 pm
SEOUL, South Korea (AP) — South Korea said Thursday it will terminate an intelligence-sharing deal with Japan that focused on classified information about North Korea, a surprise announcement that is likely to set back U.S. efforts to bolster security cooperation with two of its most important...
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August 22, 2019 - 7:48 am
DUBAI, United Arab Emirates (AP) — Global port operator DP World is reporting stronger financials for the first half of 2019, with revenue up nearly 32% and profits up almost 27% from the same period last year. The port operator said revenue for the first half of the year reached $3.46 billion and...
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