Corporate news

July 10, 2019 - 5:49 am
BEIJING (AP) — China says auto sales fell 7.8% in June amid a trade fight with Washington and slower economic growth, extending a year-old contraction that is squeezing automakers as they spend on developing electric cars. An industry group said Wednesday drivers in the global industry's biggest...
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FILE - In this Thursday, Oct. 30, 2014 file photo, a model dressing as Japanese character Hello Kitty waits for guests to pose for a souvenir photo at Sanrio Puroland, a theme park featuring Hello Kitty in Tokyo. European Union antitrust authorities have fined the Japanese company behind Hello Kitty for restricting cross-border sales of toys, mugs, bags and other products featuring the cartoon cat girl. The EU’s antitrust commissioner, Margrethe Vestager, said Sanrio was fined 6.2 million euros ($7 million) because the company violated the bloc’s competition rules. (AP Photo/Eugene Hoshiko, File)
July 09, 2019 - 10:02 pm
BRUSSELS (AP) — European Union authorities on Tuesday fined the Japanese company behind Hello Kitty for restricting cross-border online sales of toys, mugs, bags and other products featuring the cartoon cat girl. The EU's antitrust commissioner, Margrethe Vestager, said that Sanrio Co. was fined 6...
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FILE - In this April 21, 2017, file photo a collection of VW beetles car toys seen on Volkswagen Beetle displayed during the annual gathering of the "Beetle Club" in Yakum, central Israel. Volkswagen is halting production of the last version of its Beetle model in July 2019 at its plant in Puebla, Mexico, the end of the road for a vehicle that has symbolized many things over a history spanning eight decades since 1938. (AP Photo/Oded Balilty)
July 09, 2019 - 9:56 pm
FRANKFURT, Germany (AP) — Volkswagen is halting production of the last version of its Beetle model this week at its plant in Puebla, Mexico. It's the end of the road for a vehicle that has symbolized many things over a history spanning eight decades since 1938. It has been: a part of Germany's...
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FILE - In this Sept. 22, 2002, file photo the cast of television's "Friends", from left: Matt LeBlanc, Matthew Perry, Lisa Kudrow, Courteney Cox Arquette, Jennifer Aniston and David Schwimmer appear during the 54th Annual Primetime Emmy Awards at the Shrine Auditorium in Los Angeles. AT&T is pulling “Friends” from Netflix to beef up its own upcoming streaming service. The wireless company, which owns the WarnerMedia entertainment business, said Tuesday, July 9, 2019, that its service will be called HBO Max. It will launch widely in spring of 2020. (AP Photo/Kevork Djansezian, File)
July 09, 2019 - 6:29 pm
NEW YORK (AP) — AT&T is pulling "Friends" from Netflix to beef up its own upcoming streaming service. With new services launching, popular shows are splintering onto several different platforms. The wireless company, which owns the WarnerMedia entertainment business, also said Tuesday that its...
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July 09, 2019 - 5:47 pm
WASHINGTON (AP) — The House Judiciary Committee is moving to authorize subpoenas for several people tied to special counsel Robert Mueller's report, including President Donald Trump's son in law, Jared Kushner, and former Attorney General Jeff Sessions. The resolution coming up for a vote Thursday...
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FILE - In this May 10, 2019, file photo a banner for Uber is draped on the front of the New York Stock Exchange before the world's largest ride-hailing service holds its initial public offering. Uber is letting passengers request a more comfortable ride if they’re willing to pay. The ride-hailing giant launched “comfort” rides Tuesday, July 9. (AP Photo/Mark Lennihan, File)
July 09, 2019 - 2:24 pm
NEW YORK (AP) — Uber is letting passengers tell their driver in advance that they'd like a little less conversation, and more legroom, if those passengers are willing to pay. The ride-hailing giant launched "comfort" rides in dozens of cities Tuesday. Riders are guaranteed 36 inches of legroom in "...
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FILE — In this Thursday, Oct. 25, 2018 file photo Doug Sheff, right, an attorney for the family of Leonel Rondon, pictured at left, faces reporters during a news conference, in Boston. Rondon, 18, died Sept. 13, 2018, in Lawrence, Mass., after the chimney of an exploding house crashed on to his car and crushed him. Shelf and NiSource, the parent company of Columbia Gas of Massachusetts, announced Tuesday, July 9, 2019 that a wrongful death lawsuit by Rondon's family has been settled. (AP Photo/Steven Senne, File)
July 09, 2019 - 1:46 pm
LAWRENCE, Mass. (AP) — The family of a high school student who was killed during a series of natural gas explosions in Massachusetts last year has reached a settlement with the utility involved in the disaster, a lawyer for the family and the company announced Tuesday. Financial details were not...
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FILE - In this April 23, 2018, photo, Pepsi soft drink bottles are displayed at a store in Windham, N.H. PepsiCo Inc. reports earns on Tuesday, July 9, 2019. AP Photo/Charles Krupa, File)
July 09, 2019 - 9:39 am
PURCHASE, N.Y. (AP) — PepsiCo reported better-than-expected profit and revenue in its most recent quarter thanks in part to U.S. price hikes. Pepsi raised prices last fall to cover higher transportation and aluminum costs. In a company conference call, some analysts expressed concern about the...
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FILE - In this June 19, 2017, file photo President Donald Trump, left, and Satya Nadella, Chief Executive Officer of Microsoft, center, listen as Jeff Bezos, Chief Executive Officer of Amazon, speaks during an American Technology Council roundtable in the State Dinning Room of the White House in Washington. Amazon and Microsoft are battling for a $10 billion opportunity to build the U.S. military its first “war cloud.” (AP Photo/Alex Brandon, File)
July 09, 2019 - 9:37 am
Amazon and Microsoft are battling it out over a $10 billion opportunity to build the U.S. military its first "war cloud" computing system. But Amazon's early hopes of a shock-and-awe victory may be slipping away. Formally called the Joint Enterprise Defense Infrastructure plan, or JEDI, the...
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July 09, 2019 - 9:37 am
MOJAVE, Calif. (AP) — Richard Branson's space-tourism venture, Virgin Galactic, is planning to go public, creating the first listed human spaceflight firm. Virgin Galactic said Tuesday it is merging with Social Capital Hedosophia, whose CEO, Chamath Palihapitiya, will become chairman of the...
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