Corporate news

July 31, 2018 - 2:05 am
LONDON (AP) — Energy giant BP says it is increasing its dividend for the first time in almost four years after second-quarter earnings quadrupled on higher oil prices and streamlined production. Underlying replacement cost profit jumped to $2.82 billion from $684 million in the same quarter a year...
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July 30, 2018 - 7:57 pm
SEOUL, South Korea (AP) — Samsung Electronics Co. said Tuesday its second-quarter earnings rose 2 percent over a year earlier, missing expectations due to sales of smartphones and display panels that offset robust memory chip sales. The South Korean tech giant said that its April-June net income...
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Trader Michael Capolino, left, works on the floor of the New York Stock Exchange, Monday, July 30, 2018. Stocks are off to a mixed start on Wall Street as gains in banks and energy companies are offset by losses in other sectors. (AP Photo/Richard Drew)
July 30, 2018 - 4:02 pm
NEW YORK (AP) — Technology stocks tumbled for the third day in a row Monday as a sharp reversal for some of Wall Street's recent favorites worsened. Major U.S. indexes skidded. Technology companies have done far better than the rest of the market in recent years, but they've fallen after Facebook...
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FILE - In this Feb. 25, 2016 file photo, a truck carries a load at the Nucor Steel plant in Seattle. U.S. companies pursuing exemptions from President Donald Trump’s tariff on imported steel are accusing American steel manufacturers of spreading inaccurate and misleading information, and they fear it may torpedo their requests. The president of one company calls objections raised by U.S. Steel and Nucor to his waiver request “literal untruths.”(AP Photo/Elaine Thompson, File)
July 30, 2018 - 3:22 pm
WASHINGTON (AP) — U.S. companies seeking to be exempted from President Donald Trump's tariff on imported steel are accusing American steel manufacturers of spreading inaccurate and misleading information, and they fear it may torpedo their requests. Robert Miller, president and CEO of NLMK USA,...
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July 30, 2018 - 3:18 pm
Eight states are filing suit against the Trump administration over its decision to allow a Texas company to publish downloadable blueprints for a 3D-printed gun. People can use the plans to manufacture a hard-to-trace plastic gun using a 3D printer. The suit, to be filed Monday in Seattle, asks for...
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FILE - In this Feb. 14, 2018, file photo, Paul Manafort leaves the federal courthouse in Washington. The trial of President Donald Trump’s former campaign chairman will open this week with tales of lavish spending on properties and clothing and allegations that the political consultant laundered money through offshore bank accounts. What’s likely to be missing: answers about whether the Trump campaign colluded with Russia during the 2016 presidential election. (AP Photo/Pablo Martinez Monsivais, File)
July 30, 2018 - 9:10 am
WASHINGTON (AP) — The trial of President Donald Trump's onetime campaign chairman will open this week with tales of lavish spending, secret shell companies and millions of dollars of Ukrainian money flowing through offshore bank accounts and into the political consultant's pocket. What's likely to...
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FILE - This April 27, 2017, file photo shows the Harley-Davidson name on the gas tank of a bike in Glenview, Ill. The iconic American motorcycle company, facing dwindling sales in its home market, said Monday, July 30, 2018, that it would be rolling out some new products, and stores, to broaden its audience and hopefully, invigorate sales. (AP Photo/Nam Y. Huh, File)
July 30, 2018 - 7:34 am
MILWAUKEE (AP) — Smaller bikes, electric engines, online sales and urban storefronts, Harley-Davidson, we hardly knew you. The American motorcycle company, facing dwindling sales in its home market, said Monday that it will roll out some new products and stores to broaden its audience and...
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FILE- In this April 23, 2018, file photo the logo for Caterpillar appears above a trading post on the floor of the New York Stock Exchange. Caterpillar’s second-quarter results topped Wall Street’s view, thanks in part to increased demand in its construction industries segment. The maker of heavy equipment and machinery also boosted its full-year adjusted earnings forecast again, citing its performance in the first half of the year and ongoing strength in end markets. (AP Photo/Richard Drew, File)
July 30, 2018 - 7:28 am
Caterpillar's second-quarter easily beat Wall Street expectations thanks in part to the blistering pace of construction and demand for big machines, a the company boosted its full-year earnings forecast again. Shares rose more than 3 percent Monday in premarket trading. Caterpillar now anticipates...
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FILE - In this Feb. 14, 2018, file photo, Paul Manafort leaves the federal courthouse in Washington. The trial of President Donald Trump’s former campaign chairman will open this week with tales of lavish spending on properties and clothing and allegations that the political consultant laundered money through offshore bank accounts. What’s likely to be missing: answers about whether the Trump campaign colluded with Russia during the 2016 presidential election. (AP Photo/Pablo Martinez Monsivais, File)
July 29, 2018 - 11:58 pm
WASHINGTON (AP) — Don't expect answers about Trump campaign coordination with the Russians to come out of the trial of President Donald Trump's onetime campaign chairman. Paul Manafort is scheduled to go to trial Tuesday in Alexandria, Virginia, on charges relating to money laundering stemming from...
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July 29, 2018 - 10:25 pm
SINGAPORE (AP) — Asian markets fell Monday after a steep decline in the U.S. technology sector weighed on Wall Street at the end of the week despite data showing the economy was growing. KEEPING SCORE: Japan's Nikkei 225 index dropped 0.6 percent to 22,587.70 and South Korea's Kospi edged 0.1...
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