Business

FILE - In this June 13, 2018, file photo, the logos for Time Warner and AT&T appear above alternate trading posts on the floor of the New York Stock Exchange. The Trump Justice Department says it proved that AT&T's mega-merger with Time Warner will hurt competition, and the judge who allowed the takeover was clearly wrong to conclude consumers wouldn't be harmed. The government's argument came in its brief filed Monday, Aug. 6, 2018, with a federal appeals court. (AP Photo/Richard Drew, File)
August 06, 2018 - 3:43 pm
WASHINGTON (AP) — The judge who allowed AT&T's mega-merger with Time Warner was clearly wrong in concluding the marriage won't harm consumers, the Trump Justice Department argued Monday in challenging the decision. U.S. District Judge Richard Leon misunderstood the complexities of the booming...
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FILE- In this Jan. 30, 2018, file photo, Cassie Langdon uses to her phone to launch the MoviePass app to see what movies are available at AMC Indianapolis 17 theatre in Indianapolis. MoviePass, a discount service for movie tickets at theaters, is walking back a planned 50 percent price increase following a subscriber backlash. But it will soon impose a cap of three movies per month, instead of one every day. (AP Photo/Darron Cummings, File)
August 06, 2018 - 9:16 am
NEW YORK (AP) — MoviePass, a discount service for movie tickets at theaters, is walking back a planned 50 percent price increase following a subscriber backlash. But it will soon impose a cap of three movies per month, instead of one every day. The company says the new plan will include "many major...
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August 06, 2018 - 9:03 am
BOISE, Idaho (AP) — A multinational agricultural company based in Idaho has acquired gene editing licensing rights that could one day be used to help farmers produce more crops and make grocery store offerings such as strawberries, potatoes and avocados stay fresher longer. J.R. Simplot Company on...
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FILE- In this Jan. 29, 2009, file photo, Chairman and CEO, PepsiCo Indra Nooyi speaks during a session at the World Economic Forum in Davos, Switzerland. With Nooyi exiting PepsiCo as its longtime chief executive, the circle of CEOs in the S&P 500 is losing one of its highest profile women. Nooyi has been with PepsiCo Inc. for 24 years and held the top job for 12. (AP Photo/Virginia Mayo, File)
August 06, 2018 - 8:38 am
PURCHASE, N.Y. (AP) — With Indra Nooyi exiting PepsiCo as its longtime chief executive, the circle of CEOs in the Fortune 500 is losing one of its highest profile women. Nooyi, who was born in India, is a rarity on Wall Street as a woman and a minority leading a Fortune 500 company. She oversaw...
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A currency trader stretches himself while working at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Aug. 6, 2018. Asian stocks rose Monday despite a new Chinese threat of tariff hikes on U.S. goods after Washington reported solid employment numbers. (AP Photo/Ahn Young-joon)
August 06, 2018 - 4:32 am
BEIJING (AP) — Global stock markets were mostly higher Monday as investors focused on strong company earnings and economic data even as the U.S.-China trade dispute heated up. KEEPING SCORE: Germany's DAX rose 0.7 percent to 12,698 while London's FTSE 100 gained 0.1 percent to 7,666. France's CAC...
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Johann Ebenbichler, BMW's vice president on quality management, speaks during a press conference in Seoul, South Korea, Monday, Aug. 6, 2018. BMW AG's Korean unit apologized over engine fires that prompted recalls and a probe Monday, in its latest efforts to contain the damage as images of the German cars engulfed in flames stoked safety worries. (AP Photo/Ahn Young-joon)
August 06, 2018 - 2:14 am
SEOUL, South Korea (AP) — BMW AG's Korean unit apologized Monday over engine fires that prompted recalls and a probe, seeking to allay concerns over images of cars engulfed in flames. BMW Korea Chairman Kim Hyo-joon said the German carmaker will fully cooperate with the transport ministry's...
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This June 14, 2018, photo, shows the logo of Japanese mobile provider SoftBank at its shop in Tokyo. Japanese technology company SoftBank said Monday, Aug 6, 2018, its profits grew to 313.7 billion yen ($2.8 billion) in the latest quarter as it realized gains from sales by its Softbank Vision investment fund. (AP Photo/Shuji Kajiyama)
August 06, 2018 - 2:03 am
TOKYO (AP) — Japanese technology company SoftBank says its net profit soared more than 50-fold from a year earlier to 313.7 billion yen ($2.8 billion) in the latest quarter thanks to gains in its main investment fund. Sales in the April-June quarter edged up 4 percent to 2.3 trillion yen. The...
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August 05, 2018 - 10:23 pm
Global bank HSBC says its pre-tax profit in the first half of the year rose 4.6 percent as its strategy focused on growing markets paid off. The London-based bank's $10.7 billion pre-tax profit in January-June compared with $10.2 billion a year earlier. Quarterly pre-tax profit surged to $5.96...
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In this Aug. 1, 2018 photo, a worker rest on a clothing rack cart outside a fashion and costume accessory store in New York's Garment District. A group of manufacturers, landlords, designers and politicians has a plan to preserve a remnant of the garment industry in a neighborhood where about 5,000 people are still employed in workshops mostly serving higher-end designers. (AP Photo/Bebeto Matthews)
August 05, 2018 - 8:26 pm
NEW YORK (AP) — Hundreds of thousands of garment workers once toiled in the sweaty, elbow-to-elbow workshops of midtown Manhattan before the whirring of sewing machines was mostly silenced by foreign competition. But the city's garment district isn't dead yet. A group of manufacturers, landlords,...
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August 05, 2018 - 3:59 pm
A company that makes semiconductors for Apple iPhones says it is recovering from a virus outbreak but expects the incident to delay shipments and raise costs. Taiwan Semiconductor Co. Ltd. said 80 percent of the fabrication tools affected by Friday's virus had been recovered by Sunday. TSMC expects...
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