Corporate news

FILE - In this July 10, 2018 file photo, bottles of prescription medicines ride on a conveyor belt at a pharmacy warehouse in Florence, N.J. According to a report released on Tuesday, Jan. 8, 2018, annual spending by the U.S. health industry on ads and promotions has reached $30 billion. That includes advertisements for prescription drugs that were shown 5 million times on TV and elsewhere in 2016. That’s a huge increase in 20 years and just part of broad health industry efforts to promote drugs, devices, lab tests and even new hospitals. (AP Photo/Julio Cortez, File)
January 08, 2019 - 1:29 pm
Ads for prescription drugs appeared 5 million times in just one year, capping a recent surge in U.S. medical marketing, a new analysis found. The advertisements for various medicines showed up on TV, newspapers, online sites and elsewhere in 2016. Their numbers soared over 20 years as part of broad...
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This courtroom sketch depicts former Nissan chairman Carlos Ghosn in a courtroom at the Tokyo District Court in Tokyo Tuesday, Jan. 8, 2019. Ghosn, denied any wrongdoing and proclaimed his loyalty to the company at a court hearing in Tokyo on Tuesday. It was Ghosn's first public appearance since he was arrested on Nov. 19 and charged with false financial reporting. (Nobutoshi Katsuyama/Kyodo News via AP)
January 08, 2019 - 3:33 am
TOKYO (AP) — The former chairman of Japan's Nissan Motor Co., Carlos Ghosn, denied any wrongdoing and proclaimed his loyalty to the company at a court hearing in Tokyo on Tuesday. It was Ghosn's first public appearance since he was arrested on Nov. 19 and charged with false financial reporting. "...
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FILE - This Oct. 23, 2018, file photo shows an Amazon logo atop the Amazon Treasure Truck The Park DTLA office complex in downtown Los Angeles. Amazon has eclipsed Microsoft as the most valuable publicly traded company in the U.S. as a see-sawing stock market continues to reshuffle corporate America's pecking order. The shift occurred Monday, Jan. 7, 2019, after Amazon's shares rose 3 percent to close at $1,629.51 and lifted the e-commerce leader's market value to $797 billion. (AP Photo/Richard Vogel, File)
January 07, 2019 - 3:53 pm
SAN FRANCISCO (AP) — Amazon has eclipsed Microsoft as the most valuable publicly traded company in the U.S. as a see-sawing stock market continues to reshuffle corporate America's pecking order. The shift occurred Monday after Amazon's shares rose 3 percent to close at $1,629.51 and lifted the e-...
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FILE- In this Jan. 4, 2019, file photo Mario Picone, center, works with fellow specialists on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Monday, Jan. 7. (AP Photo/Richard Drew, File)
January 07, 2019 - 3:45 pm
NEW YORK (AP) — Stocks rose again Monday, led by gains in retailers and smaller companies after a report showed strong orders last month for service-sector companies, where most Americans work. Investors were also encouraged by the resumption of trade talks between the U.S. and China. That helped...
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File - In this May 9, 2018 file photo, Attorneys Eric Dubelier, right, and Katherine Seikaly, left, representing Concord Management and Consulting LLC, walk out of federal court in Washington, after pleading not guilty on behalf of the company, which has been charged as part of a conspiracy to meddle in the 2016 US presidential election. A federal judge on Monday reprimanded Dubelier, saying his references to Looney Tunes and “Animal House” in recent court filings are inappropriate. (AP Photo/Andrew Harnik)
January 07, 2019 - 2:41 pm
WASHINGTON (AP) — A federal judge on Monday reprimanded an attorney for a Russian company accused of interfering in the 2016 presidential election, saying his references to Looney Tunes and "Animal House" in recent court filings are inappropriate. U.S. District Judge Dabney Friedrich confronted...
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FILE - This April 26, 2017, file photo shows the Eli Lilly & Co. corporate headquarters in Indianapolis. Eli Lilly is buying Loxo Oncology for about $8 billion as it continues to broaden its cancer treatment efforts. Loxo Oncology Inc. is a biopharmaceutical company focused on the development and commercialization of highly selective medicines for patients with genomically defined cancers. (AP Photo/Darron Cummings, File)
January 07, 2019 - 6:49 am
Eli Lilly is spending about $8 billion in cash to buy Loxo Oncology, as the drugmaker bulks up on cancer treatments that target certain gene abnormalities. Loxo Oncology could launch a drug next year and targets an abnormality that occurs in several tumor types, including some lung and thyroid...
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FILE - In this April 22, 2014, file photo. Tesla Motors CEO Elon Musk, right, looks on as a set of Tesla Model S sedans are delivered to its first customers in China at an event in Beijing. Musk said Monday, Jan. 7, 2019 on twitter that the automaker is breaking ground for a Shanghai factory and will start production of its Model 3 by the end of the year. (AP Photo/Ng Han Guan, File)
January 07, 2019 - 2:50 am
BEIJING (AP) — Tesla Inc. is breaking ground for a Shanghai factory and will start production of its Model 3 and a planned crossover by the end of the year, CEO Elon Musk said Monday. Tesla announced plans in July to build its first factory outside the United States in China, the biggest electric...
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FILE - In this Aug. 10, 2015, file photo, David Rhodes, president of CBS news division, participates in the CBS News panel at the CBS Summer TCA Tour at the Beverly Hilton Hotel in Beverly Hills, Calif. CBS says Rhodes is stepping down following a troubled year that saw morning anchor Charlie Rose and the top executive at "60 Minutes" lose their jobs following misconduct reports and ratings issues at its top shows. In a memo to his staff, Rhodes said Sunday, Jan. 6, 2019, that "the new year is a time for renewal, for new goals. The world we cover is changing, how we cover it is changing - and it's the right time for me to make a change too." (Photo by Richard Shotwell/Invision/AP, File)
January 06, 2019 - 10:58 pm
NEW YORK (AP) — CBS said Sunday that its news division president, David Rhodes, is stepping down following a troubled year that saw morning anchor Charlie Rose and the top executive at "60 Minutes" lose their jobs following misconduct reports, and is being replaced by veteran producer Susan...
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January 06, 2019 - 6:36 pm
The world's largest airborne observatory was supposed to be parked in Seattle this week, so thousands of scientists attending the "Super Bowl of Astronomy" could behold this marvel: a Boeing 747 with a massive telescope protruding from the back used to study the fundamental mysteries of the...
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Workers prepare the Las Vegas Convention Center for CES International, Saturday, Jan. 5, 2019, in Las Vegas. The CES 2019 gadget show kicks off Sunday. (AP Photo/John Locher)
January 06, 2019 - 4:29 pm
LAS VEGAS (AP) — The CES 2019 gadget show is revving up in Las Vegas. Here are the latest findings and observations from Associated Press reporters on the ground as technology's biggest trade event gets underway. GOVERNMENT SHUTDOWN Even the world's largest tech conference is feeling the effects of...
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