Corporate news

A woman walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, Jan. 4, 2019. Japanese markets have tumbled as they reopened after the New Year holidays, while other Asian indexes are mixed after a technology-led sell-off on Wall Street. (AP Photo/Eugene Hoshiko)
January 03, 2019 - 10:35 pm
SINGAPORE (AP) — Japanese shares tumbled and Shanghai's benchmark surged Friday as Asian markets steadied following a technology-led sell-off on Wall Street. The Nikkei 225 index started its first trading day of 2019 by falling more than 3 percent. By midday, it was trading 2.8 percent lower at 19,...
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Trader William Lawrence works on the floor of the New York Stock Exchange, Thursday, Jan. 3, 2019. Apple's shock warning that its Chinese sales are weakening ratcheted up concerns about the world's second largest economy and weighed heavily on global stock markets as well as the dollar on Thursday. (AP Photo/Richard Drew)
January 03, 2019 - 9:47 pm
NEW YORK (AP) — The latest on developments in financial markets (all times local): 10:40 p.m. Japanese markets have tumbled as they reopened after the New Year holidays, while other Asian indexes are mixed after a technology-led sell-off on Wall Street. The Nikkei 225 index fell by an unusually...
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January 03, 2019 - 5:58 pm
NEW YORK (AP) — U.S. prosecutors charged five people Thursday in a $2 billion fraud involving sham naval, fishing and other projects meant to benefit the African nation of Mozambique. An indictment made public in federal court in Brooklyn names Manuel Chang, Mozambique's former minister of finance...
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FILE- In this May 24, 2018, file photo a Delta Air Lines passenger jet plane, a Boeing 737-900 model, approaches Logan Airport in Boston. Delta Air Lines said Thursday, Jan. 3, 2019, that travel demand remains healthy. However, the lower forecast raised fear among investors that airline revenue and profits could be under pressure in 2019. (AP Photo/Charles Krupa, File)
January 03, 2019 - 5:10 pm
DALLAS (AP) — Airlines stocks were pummeled Thursday after Delta Air Lines Inc. trimmed its revenue forecast for the fourth quarter, renewing investors' fears that airlines will squander the savings they are reaping from the recent drop in fuel prices. Delta shares plunged nearly 9 percent, their...
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FILE - In this June 15, 2005, file photo, a sign stands in front of a Bristol-Myers Squibb building in a Lawrence Township, N.J. Bristol-Myers Squibb is buying Celgene in a cash-and-stock deal valued at about $74 billion. (AP Photo/Mel Evans, File)
January 03, 2019 - 5:00 pm
SUMMIT, N.J. (AP) — Bristol-Myers Squibb is spending $74 billion on fellow drugmaker Celgene in a deal aimed at stocking the combined company's development pipeline with cancer, immunology and cardiovascular treatments. Bristol would gain the cancer treatment Revlimid in the cash-and-stock deal...
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January 03, 2019 - 4:35 pm
A company that owns two national for-profit college chains said Thursday that it will erase nearly $500 million in debt incurred by former students as part of a settlement with 48 states and the District of Columbia. The deal with Career Education Corporation will resolve allegations that it lied...
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FILE - In this July 23, 2006 file photo, an Israeli F-16 warplane takes off for a mission in Lebanon from an air force base in southern Israel. Croatia has urged Israel to say whether it could carry out a deal to deliver 12 used F-16 fighter jets, or the purchase will be annulled. Croatia's Defense Ministry said Thursday Jan. 3, 2019, it needs an answer by Jan. 11, 2019. (AP Photo/Ariel Schalit, File)
January 03, 2019 - 10:20 am
ZAGREB, Croatia (AP) — Croatia urged Israel on Thursday to overcome a rare disagreement with the United States and to confirm it can carry through on a deal to sell 12 used American-made fighter jets. Croatia's Defense Ministry said it needed an answer from Israel by Jan. 11 or the Balkan country's...
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FILE- In this Nov. 28, 2018, file photo Crystal Odum inspects the front end of a General Motors Chevrolet Cruze at Jamestown Industries in Youngstown, Ohio. On Thursday, Jan. 3, 2019, the Institute for Supply Management, a trade group of purchasing managers, issues its index of manufacturing activity for December. (AP Photo/Tony Dejak, File)
January 03, 2019 - 10:17 am
WASHINGTON (AP) — American factories grew last month at the slowest pace in more than two years, with some manufacturers complaining about the impact of President Donald Trump's contentious trade policies. The Institute for Supply Management, an association of purchasing managers, said Thursday...
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FILE - This Oct. 22, 2018, file photo shows the iPhone XS, from left, iPhone XR, and the iPhone XS Max in New York. Apple hoped to offset slowing demand for iPhones by raising the prices of its most important product, but that strategy seems to have backfired after sales sagged during the holiday shopping season. (AP Photo/Richard Drew, File)
January 03, 2019 - 8:52 am
NEW YORK (AP) — The Latest on sales at Apple Inc., which issued a rare cut to its revenue forecast citing weakness in China (all times local): 9:50 a.m. Shares of Apple are tumbling in early trading after the tech giant issued a rare cut to its revenue forecast due to weakness in China. In a letter...
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FILE - In this Oct. 30, 2018, file photo, South Korean Lee Chun-sik, 94-year-old victim of forced labor during Japan's colonial rule of the Korean Peninsula before the end of World War II, sits on a wheelchair upon his arrival at the Supreme Court in Seoul, South Korea. Lawyers for South Koreans forced into wartime labor have taken legal steps to seize the South Korean assets of a Japanese company they are trying to pressure into following a court ruling to provide them compensation. (AP Photo/Lee Jin-man, File)
January 03, 2019 - 12:35 am
SEOUL, South Korea (AP) — Lawyers for South Koreans forced into wartime labor have taken legal steps to seize the South Korean assets of a Japanese company they are trying to pressure into following a court ruling to provide them compensation. Lawyer Lim Jae-sung said Thursday the court in the city...
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