Corporate news

FILE - In this Nov. 9, 2018, file photo shoppers look at televisions at a Walmart Supercenter in Houston. Walmart Inc. reports earnings Thursday, Nov. 14, 2019. (AP Photo/David J. Phillip, File)
November 14, 2019 - 8:18 am

Walmart Offers Holiday Cheer As Traditional Peers Struggle

NEW YORK (AP) — Walmart is offering some holiday cheer heading into the crucial Christmas shopping season even as many of its traditional peers struggle. The nation’s largest retailer raised its annual profit expectations on Thursday after reporting strong third-quarter results helped by its...
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California Public Utilities Commissioner Cliff Rechtschaffen speaks at a CPUC meeting in San Francisco, Wednesday, Nov. 13, 2019. California regulators will vote Wednesday on whether to open an investigation into pre-emptive power outages that blacked out large parts of the state for much of October as strong winds sparked fears of wildfires. (AP Photo/Jeff Chiu)
Associated Press
November 13, 2019 - 7:37 pm

California Regulators Order Inquiry Into Power Outages

SAN FRANCISCO (AP) — California regulators opened a formal investigation Wednesday into preemptive power outages that blacked out large parts of the state in October, drawing strong rebukes from public officials and residents who said the shut-offs were too broad and poorly executed. The unanimous...
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November 13, 2019 - 2:51 pm

Walmart Inc. Sues 32 Colorado Counties To Shrink Tax Bills

DURANGO, Colo. (AP) — The parent company of Walmart has sued dozens of counties in Colorado in a bid to reduce its tax bills. The Durango Herald reports that county assessors are tasked with taking inventory of businesses’ assets and determining the items’ value. Authorities say Walmart Stores Inc...
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Trader Stephen Gilmartin, right, works with specialist Dilip Patel on the floor of the New York Stock Exchange, Wednesday, Nov. 13, 2019. Stocks are opening slightly lower on Wall Street led by declines in banks and industrial companies. (AP Photo/Richard Drew)
November 13, 2019 - 2:08 pm

Wobbly Day On Wall Street Ends Mixed; New Highs For S&p, Dow

Wall Street capped a wobbly day for stocks with another record-setting finish Wednesday. The Dow Jones Industrial Average and S&P 500 index each eked out a modest gain that was good enough to nudge them to record highs. The Nasdaq closed just below its all-time high set a day earlier. The...
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Top U.S. diplomat in Ukraine William Taylor, right, and career Foreign Service officer George Kent, left are sworn in to testify before the House Intelligence Committee on Capitol Hill in Washington, Wednesday, Nov. 13, 2019, during the first public impeachment hearing of President Donald Trump's efforts to tie U.S. aid for Ukraine to investigations of his political opponents. (AP Photo/Alex Brandon)
November 13, 2019 - 11:23 am

The Latest: Taylor Grilled About Trump’S Hold On Ukraine Aid

WASHINGTON (AP) — The Latest on the House impeachment inquiry of President Donald Trump (all times local): 2:15 p.m. Republican Rep. Jim Jordan has told the top U.S. diplomat in Ukraine that he is “wrong” to have said there was a clear understanding that President Donald Trump was withholding...
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FILE- In this March 14, 2019, file photo Tesla CEO Elon Musk speaks before unveiling the Model Y at Tesla's design studio in Hawthorne, Calif. Tesla CEO Elon Musk says the electric car pioneer plans to build a new factory near Berlin. News agency dpa reported that Musk made the announcement during a prizegiving ceremony in the German capital Tuesday evening. (AP Photo/Jae C. Hong, File)
November 13, 2019 - 4:14 am

Germany Hails Tesla Plan To Build New Factory Near Berlin

BERLIN (AP) — Germany on Wednesday hailed Tesla's decision to build its first European factory in the country, days after the government said it would boost subsidies for buyers of electrics cars. Tesla CEO Elon Musk said during an award ceremony in the German capital Tuesday evening that "we've...
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November 13, 2019 - 3:02 am

Chinese Buyer Of British Steel Looks To Grow Abroad

BEIJING (AP) — Jingye Group's purchase of British Steel Ltd. gives the privately owned Chinese steelmaker a chance to grow outside a home market dominated by giant state-owned mills. The deal adds to a string of global acquisitions by Chinese companies that want to speed their growth in industries...
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November 12, 2019 - 3:45 pm

Lawsuit Aims To Kill Stalled $2B Methanol Refinery Project

SEATTLE (AP) — A federal lawsuit filed Tuesday aims to keep one of the world's biggest methanol refineries from being built along the Columbia River in Washington state. Plans for the $2 billion refinery, shipping terminal and pipeline project in the small city of Kalama are already stalled after a...
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November 12, 2019 - 3:08 pm

Army's Use Of Tiktok App Raises Concerns On Capitol Hill

WASHINGTON (AP) — The Army's use of a China-owned video app called TikTok as part of a new campaign to recruit young people into the service is raising concerns on Capitol Hill. Democratic Sen. Chuck Schumer 0f New York sent a letter to Army Secretary Ryan McCarthy asking about potential national...
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The U.S. Capitol is seen as the House is set to begin public impeachment inquiry hearings as lawmakers debate whether to remove President Donald Trump from office, in Washington, Tuesday, Nov. 12, 2019. At left is the Peace Monument. (AP Photo/J. Scott Applewhite)
November 12, 2019 - 2:08 pm

Battle-Tested Attorneys To Face Off In Impeachment Inquiry

WASHINGTON (AP) — The public impeachment inquiry hearings set to begin Wednesday will pit a Democratic attorney who built his reputation as a federal mob and securities fraud prosecutor against a GOP House Oversight investigator who helped steer some of the most notable probes of the Obama...
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