Corporate news

In this Wednesday, July 25, 2018, photo, an employee leaves an office of SK Hynix Inc. in Seongnam, South Korea. South Korean chipmaker SK Hynix said on Thursday, July 26, 2018, its quarterly net profit surged 75 percent to a record high. (AP Photo/Ahn Young-joon)
July 25, 2018 - 9:31 pm
SEOUL, South Korea (AP) — South Korean chipmaker SK Hynix said Thursday its quarterly net profit surged 75 percent to a record high, as soaring global demand and tight supplies hiked memory chip prices. SK Hynix said its April-June net income was 4.3 trillion won ($3.8 billion), compared with 2.5...
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This undated photo provided by Indian Motorcycle shows Indian Scout Bobber 2017. A U.S. motorcycle manufacturer says it plans to increase production in Poland after President Donald Trump ordered tariffs on steel and aluminum and the European Union retaliated with tariffs on motorcycles, but the company said Wednesday, July 25, 2018, the move will not reduce jobs at its U.S. plants. (Barry Hathaway/Indian Motorcycle via AP)
July 25, 2018 - 6:00 pm
The maker of the Indian Motorcycles brand said Wednesday it plans to increase production in Poland after President Donald Trump ordered tariffs on steel and aluminum and the European Union retaliated with tariffs on motorcycles. But the company said the move will not reduce jobs at its U.S. plants...
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FILE - In this April 23, 2018, file photo, the logo for General Motors appears above a trading post on the floor of the New York Stock Exchange. General Motors, facing rising commodity costs in a trade showdown with Europe and elsewhere, cut its outlook for the year. Shares tumbled more than 5 percent before the opening bell, and GM’s view of the year ahead dragged down shares of the entire auto sector Wednesday, July 25. (AP Photo/Richard Drew, File)
July 25, 2018 - 4:56 pm
NEW YORK (AP) — General Motors, facing rising commodity costs in a trade showdown with Europe and elsewhere, cut its outlook for the year. The diminished expectations overshadowed a strong second quarter and shares tumbled more than 7 percent in early trading. The rest of the auto sector was...
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July 25, 2018 - 4:23 pm
SAN JUAN, Puerto Rico (AP) — Federal lawmakers demand Wednesday that Puerto Rico quickly privatize its bankrupt power company in a bid to end its turmoil and allow others to provide stable electricity in the aftermath of Hurricane Maria. Frustration grew as consultants and local and federal...
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FILE - In this Oct. 14, 2009 file photo, Necco Wafers are displayed in Boston. The owner of a company that makes candies such as Necco wafers and Sweethearts has unexpectedly shut down operations at its Massachusetts plant. The Boston Globe reported Round Hill Investments LLC announced Tuesday, July 24, 2018, it is selling Necco brands to another confection manufacturer and closing down its Revere plant. (AP Photo/Charles Krupa, File)
July 25, 2018 - 11:09 am
REVERE, Mass. (AP) — The owner of the company behind chalky, colorful confections such as Necco Wafers and Sweethearts has unexpectedly shut down operations at its Massachusetts plant and hasn't said if candy production will resume. The Boston Globe reports Round Hill Investments LLC announced...
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FILE- In this May 10, 2018, file photo, signs for the New York Stock Exchange hang above the trading floor. Stocks indexes are little changed in early trading on Wall Street, but several companies were making big moves after releasing their quarterly earnings reports. General Motors slumped 6.1 percent early Wednesday, July 25 after lowering its profit outlook, mostly due to tariffs on imported steel and aluminum. (AP Photo/Mark Lennihan, File)
July 25, 2018 - 10:41 am
U.S. stock indexes edged mostly higher in morning trading Wednesday following a mixed batch of quarterly earnings results from General Motors, Boeing, Coca-Cola and other big companies. Gains in technology and health care stocks outweighed losses in banks and other sectors. Homebuilders slumped on...
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FILE - This April 24, 2017, photo shows a Coca-Cola delivery van in downtown Pittsburgh. Coca-Cola is reporting strong profit and revenue numbers, thanks in part to rising demand for Diet Coke and Coca-Cola Zero Sugar in North America. The Atlanta company on Wednesday, July 25, 2018, posted second-quarter profit of $2.32 billion, or 54 cents per share. (AP Photo/Keith Srakocic, File)
July 25, 2018 - 8:40 am
ATLANTA (AP) — Coca-Cola says its diet sodas are selling better after undergoing some image changes. The Atlanta company said Wednesday it sold more Coca-Cola Zero Sugar in North America during the second quarter, following a name change to make clearer the drink doesn't contain any sugar. Before,...
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FILE- In this Feb. 5, 2018, file photo, Boeing worker Paul Covaci reaches out to touch a Boeing 737 MAX 7, the newest version of Boeing's fastest-selling airplane, during a debut for employees and media of the new jet in Renton, Wash. Boeing Co. says its second-quarter profit was $2.2 billion. The Chicago-based company said Wednesday, July 25, it had profit of $3.73 per share on revenue of $24.26 billion. Earnings, adjusted for non-recurring gains, were $3.33 per share. (AP Photo/Elaine Thompson, File)
July 25, 2018 - 7:51 am
CHICAGO (AP) — Boeing Co. says its second-quarter profit was $2.2 billion. The Chicago-based company said Wednesday it had profit of $3.73 per share on revenue of $24.26 billion. Earnings, adjusted to exclude certain pension items, were $3.33 per share. The results exceeded Wall Street expectations...
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FILE - In this Friday, May 21, 2010 file photo, Chrylser CEO Sergio Marchionne, left, is seen with Jeep brand President and CEO Mike Manley at the Jefferson North Assembly Plant, in Detroit. Fiat Chrysler's board recommends Jeep executive Mike Manley to replace seriously ill CEO Sergio Marchionne, Saturday, July 21, 2018. (AP Photo/Carlos Osorio, File)
July 25, 2018 - 6:28 am
MILAN (AP) — Fiat Chrysler Automobiles has lowered its full-year targets after second-quarter profits sank by 35 percent, but confirmed the carmaker had eliminated its net industrial debt. Fiat Chrysler announced its earnings Wednesday shortly after confirming the death of its long-time CEO Sergio...
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In this July 23, 2018, photo, President Donald Trump arrives for a tour during a "Made in America Product Showcase" at the White House in Washington. A new report by the Washington-based watchdog group Public Citizen found that while Trump has positioned himself as a tough, “law and order” president, he has mostly excluded one group of offenders from his sights: those of the corporate class. (AP Photo/Evan Vucci)
July 25, 2018 - 4:44 am
WASHINGTON (AP) — While Donald Trump has positioned himself as a tough, "law and order" president, he has mostly excluded one group of offenders from his sights: those of the corporate class, according to a report released Wednesday by Washington-based watchdog Public Citizen. The report found that...
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