Corporate news

President Donald Trump speaks on trade at Granite City Works Steel Coil Warehouse, Thursday, July 26, 2018, Granite City, Ill. (AP Photo/Evan Vucci)
July 26, 2018 - 11:37 pm
GRANITE CITY, Ill. (AP) — President Donald Trump on Thursday trumpeted the renewed success of an Illinois steel mill, pushing back against criticism that his escalating trade disputes are hurting American workers and farmers. The president pointed to the U.S. Steel plant's reopening as a success...
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FILE - In this July 13, 2007, file photo, workers with the Pebble Mine project test drill in the Bristol Bay region of Alaska, near the village of Iliamma. The U.S. Army Corps of Engineers is proceeding with an environmental review of a proposed copper and gold mine near a major Alaska salmon fishery, despite a request from the state's governor to halt the review. Gov. Bill Walker has said the company behind the proposed Pebble Mine had yet to show that the project is feasible or realistic. (AP Photo/Al Grillo, File)
July 26, 2018 - 7:59 pm
JUNEAU, Alaska (AP) — The U.S. Army Corps of Engineers is proceeding with an environmental review of a proposed copper and gold mine located near a major salmon fishery in Alaska, despite a request from the state's governor that the review be halted. Gov. Bill Walker, in a letter co-signed by Lt...
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FILE - In this July 18, 2018, file photo, a United Airlines commercial jet takes off as travelers sit at a gate in Terminal C of Newark Liberty International Airport in Newark, N.J. Airlines are bowing to the staying power of higher fuel prices by culling unprofitable flights while trying to boost revenue by being nicer to customers. (AP Photo/Julio Cortez, File)
July 26, 2018 - 3:44 pm
DALLAS (AP) — Airlines are bowing to the pressure of higher fuel prices by culling unprofitable flights while trying to boost revenue by being nicer to customers. American Airlines said Thursday it will join rivals by growing more slowly during the rest of 2018 than it had originally planned...
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July 26, 2018 - 3:37 pm
SEATTLE (AP) — Starbucks says a key sales figure grew only modestly in the U.S. during the second quarter. The chain says sales rose just 1 percent at established domestic locations during the period. In China, that figure declined 2 percent. For the quarter, the company reported a net income on...
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In this Jan. 23, 2013 photo, trailers line up at the loading docks at the Supervalu distribution center in Hopkins, Minn. United Natural Foods is buying Supervalu for $1.26 billion, creating a grocery food wholesaler with a diverse customer base. United Natural Foods of Providence, R.I., said Thursday, July 26, 2018, it's paying $32.50 per share in cash, or a premium of 67 percent, for each share of Supervalu Inc. Including the assumption of debt, the deal is valued at nearly $3 billion. (David Joles/Star Tribune via AP)
July 26, 2018 - 12:40 pm
United Natural Foods is buying Supervalu for $1.26 billion, creating a grocery food wholesaler with a diverse customer base. United Natural Foods of Providence, Rhode Island, said Thursday it's paying $32.50 per share in cash, or a premium of 67 percent, for each share of Supervalu Inc. Including...
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July 26, 2018 - 11:23 am
NEW YORK (AP) — Twitter shares fell Thursday 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. The tweet came after a story in Vice magazine said prominent Republicans such as Republican Party...
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FILE - This July 18, 2018, file photo, shows a sign outside a McDonald's restaurant in Pittsburgh. McDonald's Corp. (MCD) on Thursday, July 26, reported second-quarter net income of $1.5 billion. (AP Photo/Gene J. Puskar, File)
July 26, 2018 - 7:52 am
OAK BROOK, Ill. (AP) — McDonald's says a key sales figure rose in its flagship U.S. market during the second quarter, driven by higher prices and more expensive menu items. The world's biggest burger chain says sales rose 2.6 percent at domestic stores open at least 13 months. Globally, the company...
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Headquarters of Finnish telecommunication network company Nokia pictured in Espoo, Finland, Thursday July 26, 2018. Nokia announced it's second quarter 2018 financial results on Thursday. (Mikko Stig/Lehtikuva via AP)
July 26, 2018 - 5:08 am
HELSINKI (AP) — Nokia says its second-quarter earnings slumped as clients were not willing yet to increase spending on the faster but more expensive new generation of mobile networks and are seeking price cuts. The Finnish maker of telecommunications gear said Thursday that its net profit for the...
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FILE - In this May 3, 2017, file photo, people leave the Farifax offices in Sydney. Australian media companies Nine Entertainment and Fairfax Media have announced plans to merge on Thursday, July 26, 2018, with the new media giant to be known only as Nine. (AP Photo/Rick Rycroft, File)
July 26, 2018 - 1:41 am
SYDNEY (AP) — Australian media companies Nine Entertainment and Fairfax Media have announced plans to merge, with the new media giant to be known only as Nine. Nine shareholders will own 51.1 per cent of the combined entity and Nine CEO Hugh Marks will lead the new company, the companies said...
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July 26, 2018 - 1:40 am
SEOUL, South Korea (AP) — Hyundai Motor Co. says its net profit for the second quarter has fallen 14 percent over a year earlier due to the South Korean won's strength against the U.S. dollar. South Korea's largest automaker said Thursday its April-June net income was 701 billion won ($626 million...
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