Corporate news

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 29, 2018 - 7:03 am
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. The resentment illustrates a backlash over how...
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FILE - In this July 29, 2013 file photo, Les Moonves arrives at the CBS, CW and Showtime TCA party at The Beverly Hilton in Beverly Hills, Calif. The CBS board said Friday, July 27, 2018, it was investigating allegations of “personal misconduct” involving Moonves. (Photo by Jordan Strauss/Invision/AP, File)
July 27, 2018 - 8:15 pm
NEW YORK (AP) — CBS said Friday it is investigating personal misconduct claims after the company's chief executive, Les Moonves, was the subject of a New Yorker story detailing sexual misconduct allegations. The media company said independent members of its board of directors are "investigating...
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Opera Limited Chairman & CEO Yahui Zhou, third left, with secretary to the board An Da, left, and Shu Guan Wang, from China International Capital Corp., watch price quotes before Opera's IPO begins trading, at the Nasdaq MarketSite, in New York's Times Square, Friday, July 27, 2018. (AP Photo/Richard Drew)
July 27, 2018 - 2:21 pm
Technology companies led a broad slide in U.S. stocks Friday, adding to the market's losses from a day earlier. Twitter led the technology sector sell-off after the social media network said its monthly users declined in the second quarter. Smaller-company stocks fell more than the rest of the...
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July 27, 2018 - 12:40 pm
A federal judge has ruled that state and local governments cannot publicize federal government data about where prescription opioids were distributed — a blow to news organizations seeking to report more deeply on the nation's overdose and addiction crisis. The U.S. Drug Enforcement Agency is...
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FILE - In this Oct. 13, 2015, file photo, the Twitter logo appears on a phone post on the floor of the New York Stock Exchange. Twitter shares fell Thursday, July 26, 2018, after President Donald Trump said in a tweet the company was limiting visibility of prominent Republicans and said he was going to look into the matter. (AP Photo/Richard Drew, File)
July 27, 2018 - 12:32 pm
NEW YORK (AP) — Cracking down on hate, abuse and online trolls is also hurting Twitter's standing with investors. The company's stock plunged Friday morning after it reported a decline in its monthly users and warned that the number could fall further in the coming months. The more than 17 percent...
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FILE - In this April 23, 2018, file photo, the logo for ExxonMobil appears above a trading post on the floor of the New York Stock Exchange. Profit at Exxon Mobil Corp. surged on rising prices, but not enough for investors who are selling off shares in early trading. The Irving, Texas-based company on Friday, July 27, 2018 reported second-quarter profit of $3.95 billion, or 92 cents per share. (AP Photo/Richard Drew, File)
July 27, 2018 - 10:52 am
DALLAS (AP) — Rising oil prices pushed second-quarter profit at Exxon Mobil Corp. up 18 percent to $3.95 billion, but the results Friday fell short of Wall Street expectations, and the shares fell in morning trading. The price of benchmark international crude is up more than 50 percent from a year...
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FILE - This May 1, 2018 file photo shows Merck corporate headquarters in Kenilworth, N.J. Merck & Co. on Friday, July 27 reported second-quarter profit of $1.71 billion. The Kenilworth, New Jersey-based company said it had profit of 63 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and restructuring costs, were $1.06 per share. (AP Photo/Seth Wenig, File)
July 27, 2018 - 9:34 am
Soaring sales of cancer drugs, vaccines and veterinary medicines drove Merck & Co.'s 5 percent jump in second-quarter revenue and the company lifted its outlook for the year. Long known for primary care with its allergy, cholesterol, diabetes, heart and osteoporosis medications and shots to...
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July 27, 2018 - 5:31 am
LONDON (AP) — Energy producer BP has bought BHP Billiton's shale oil and gas assets in the U.S. for $10.5 billion in a deal that will give it access to the fast-growing shale industry. CEO Bob Dudley described the deal as a "transformational acquisition." The company says the agreement will bring...
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FILE - In this March 29, 2018, file photo, the logo for Facebook appears on screens at the Nasdaq MarketSite in New York's Times Square. Facebook's user base and revenue grew more slowly than expected in the second quarter of 2018 as the company grappled with privacy issues, sending its stock tumbling after hours. (AP Photo/Richard Drew, File)
July 27, 2018 - 3:36 am
NEW YORK (AP) — The Latest on the aftermath of Facebook's release of user growth and expectations for the company ahead (all times local): 4:50 p.m. The 19 percent loss in Facebook's stock chopped $119 billion off its market value. It was the company's worst trading day since going public in 2012,...
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In this April 27, 2017, photo, a staff member talks with a visitor at a display booth for Qualcomm at the Global Mobile Internet Conference (GMIC) in Beijing. China's government said Friday, July 27, 2018, that tech giant Qualcomm Inc. failed to resolve anti-monopoly regulators' concerns about its proposed takeover of NXP Semiconductors in a case seen as a possible victim of U.S.-Chinese trade tensions. (AP Photo/Mark Schiefelbein)
July 26, 2018 - 11:40 pm
BEIJING (AP) — Qualcomm Inc. failed to resolve China's anti-monopoly concerns about its proposed acquisition of NXP Semiconductors, the government said Friday, in a case analysts warned would worsen escalating U.S.-Chinese tensions over technology. The State Administration for Market Regulation's...
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