Corporate news

FILE- In this Dec. 3, 2018, file photo trader Michael Milano, right, works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Dec. 7. (AP Photo/Richard Drew, File)
December 07, 2018 - 9:30 am
U.S. stocks fell in morning trading Friday, adding to modest losses from a day earlier. Losses in technology and health care stocks outweighed gains elsewhere in the market. Energy companies led the gainers as crude oil prices rose on news that OPEC members will elect to cut production. The...
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FILE - In this July 17, 2015, file photo, store manager Stephanie Hunt poses for photos with a pack of Marlboro cigarettes, an Altria brand, at a Smoker Friendly shop in Pittsburgh. Altria is diving into the Canadian cannabis market with a $2.4 billion investment in Toronto-based medical and recreational marijuana provider Cronos Group. The investment from Altria Group Inc., would give it about 45 percent ownership of Cronos. Altria will also pay another $1.4 billion for warrants of Cronos Group that if exercised, would give the Altria a 55 percent majority ownership of Cronos. (AP Photo/Gene J. Puskar, File)
December 07, 2018 - 8:41 am
NEW YORK (AP) — One of the world's biggest tobacco companies is diving into the cannabis market with a $2.4 billion buy-in. Marlboro maker Altria Group Inc. is taking a 45 percent stake in Cronos Group, the Canadian medical and recreational marijuana provider said Friday. Altria will pay another $1...
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FILE- In this Nov. 21, 2018, file photo, a man walks past the logo of Nissan Motor Co. at Nissan Motor Co. Global Headquarters in Yokohama near Tokyo. Nissan, the Japanese automaker under scrutiny after its former chairman Carlos Ghosn was arrested on suspicion of financial misconduct, is recalling 150,000 vehicles spanning 11 models in Japan for dubious inspections for brakes and steering. (AP Photo/Eugene Hoshiko, File)
December 07, 2018 - 4:40 am
TOKYO (AP) — Nissan, the Japanese automaker under scrutiny after its former chairman Carlos Ghosn was arrested on suspicion of financial misconduct, is recalling 150,000 vehicles spanning 11 models in Japan for dubious inspections for brakes and steering. Nissan Motor Co. Corporate Vice President...
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Acting EPA Administrator Andrew Wheeler signs an order withdrawing an Obama era emissions standards policy, at the EPA Headquarters in Washington, Thursday, Dec. 6, 2018. (AP Photo/Cliff Owen)
December 06, 2018 - 5:28 pm
WASHINGTON (AP) — The Environmental Protection Agency moved Tuesday to further ease rules on the sagging U.S. coal industry, this time scaling back what would have been a tough control on climate-changing emissions from any new coal plants. The latest Trump administration targeting of legacy Obama...
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FILE - In this Oct. 15, 2018 file photo, a Sears department is seen in Hackensack, N.J. Eddie Lampert and his ESL Holdings hedge fund are offering to buy the rest of Sears for up to $4.6 billion in cash and stock. The Sears chairman and ESL own just under half of the Hoffman Estates, Illinois, company, according to FactSet. Sears filed for Chapter 11 bankruptcy protection in October, weighed down by years of declining sales and massive debt. (AP Photo/Seth Wenig)
December 06, 2018 - 11:03 am
NEW YORK (AP) — Eddie Lampert and his ESL Holdings hedge fund are offering to buy the rest of Sears for up to $4.6 billion in cash and stock. The Sears chairman and ESL own just under half of the Hoffman Estates, Illinois, company, according to FactSet. Sears filed for Chapter 11 bankruptcy...
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December 06, 2018 - 6:48 am
SAN FRANCISCO (AP) — Lyft is readying for an initial public offering of shares as it pushes toward becoming a publicly traded company. The San Francisco ride-sharing service said Thursday that it confidentially submitted a draft registration statement for the proposed IPO with the Securities and...
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A woman looks at an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Wednesday, Dec. 5, 2018. Shares were moderately lower in Asia on Wednesday following a bloodletting on Wall Street as goodwill generated by a truce between the U.S. and China over trade evaporated in confusion over exactly what the two sides had agreed upon. (AP Photo/Vincent Yu)
December 06, 2018 - 6:47 am
TOKYO (AP) — World financial markets took another plunge Thursday on concerns that the arrest of a senior official at Chinese telecoms equipment maker Huawei could hinder progress in China-U.S. trade talks. The price of oil also fell even though OPEC was expected to agree on a production cut to...
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A woman looks at an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Wednesday, Dec. 5, 2018. Shares were moderately lower in Asia on Wednesday following a bloodletting on Wall Street as goodwill generated by a truce between the U.S. and China over trade evaporated in confusion over exactly what the two sides had agreed upon. (AP Photo/Vincent Yu)
December 05, 2018 - 10:29 pm
TOKYO (AP) — Asian stock prices skidded Thursday following the arrest of a senior official at Chinese telecoms equipment maker Huawei that could derail progress in China-U.S. trade talks. KEEPING SCORE: Hong Kong's Hang Seng index tumbled 2.6 percent to 26,117.28 and Japan's benchmark Nikkei 225...
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FILE - In this July 4, 2018, file photo, a shopper walks past a Huawei store at a shopping mall in Beijing. Canadian authorities said Wednesday, Dec. 5, 2018, that they have arrested the chief financial officer of China's Huawei Technologies for possible extradition to the United States. (AP Photo/Mark Schiefelbein, File)
December 05, 2018 - 9:34 pm
TORONTO (AP) — Canadian authorities said Wednesday that they have arrested the chief financial officer of China's Huawei Technologies for possible extradition to the United States. China demanded her immediate release, and a former Canadian envoy to China warned the case might lead to retaliation...
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In this courtroom drawing, Assistant U.S. Attorney Douglas Zolkind, standing, addresses cooperating witness Cheikh Gadio, far right, during Hong Kong businessman Dr. Chi Ping Patrick Ho's bribery trial in New York, Wednesday, Nov. 28, 2018. Seated at far left is the defendant, Dr. Chi Ping Patrick Ho. On the bench is Judge Loretta Preska. The photo on the monitor shows the defendant and the President of Chad, Idriss Deby, taken during a meeting. (Elizabeth Williams via AP)
December 05, 2018 - 5:18 pm
NEW YORK (AP) — A federal jury convicted a Hong Kong businessman Wednesday of bribing the presidents of two African nations to secure oil rights for a Chinese energy conglomerate, a case that stretched from the halls of the United Nations and highlighted the often blurry line between...
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