Corporate news

Visitors try out Samsung Electronics' Galaxy Z Flip smartphones at its shop in Seoul, South Korea, Tuesday, July 7, 2020. Samsung Electronics Co. said Tuesday its operating profit for the last quarter likely rose 23% from the same period last year, helped by robust demand for memory chips used in personal computers and servers as the coronavirus pandemic has more people working from home. (AP Photo/Ahn Young-joon)
July 06, 2020 - 9:45 pm

Samsung Projects 23% Jump In 2Q Profit On Strong Chip Sales

SEOUL, South Korea (AP) — Samsung Electronics Co. said Tuesday its operating profit for the last quarter likely rose 23% from the same period last year, helped by robust demand for memory chips used in personal computers and servers as the coronavirus pandemic has more people working from home. The...
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A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, July 7, 2020. Asian shares were mixed Tuesday, as some benchmarks were buoyed by an ongoing worldwide rally as investors bet on a dramatic economic turnaround amid ongoing challenges of the coronavirus outbreak. (AP Photo/Vincent Yu)
July 06, 2020 - 9:41 pm

Asia Markets Slip As Virus Outbreaks Mute Hopes For Rebound

TOKYO (AP) — Markets were mostly lower in Asia on Tuesday as expanding coronavirus outbreaks dimmed hopes for a global recovery, despite an overnight rally in tech shares that pushed the Nasdaq composite to another record high. Japan's benchmark Nikkei 225 dropped 0.6% to 22,577.65 and South Korea'...
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FILE - In this Nov. 30, 2016, file photo, investor Ray Washburne waits for an elevator in the lobby of Trump Tower in New York. As much as $273 million in federal coronavirus aid was awarded to more than 100 companies that are owned or operated by major donors to President Donald Trump's election efforts, according to an Associated Press analysis of federal data that was released Monday, July 6, 2020. Irving, Texas-based M Crowd Restaurant Group, which owns 27 Texas restaurants including the Mi Cocina chain, was approved for between $5 million and $10 million. Washburne, one of the company’s founders, was vice chairman of the Trump Victory Committee in 2016 and donated $100,000 to the PAC last August. The company did not respond to a request for comment. (AP Photo/Evan Vucci, File)
July 06, 2020 - 9:11 pm

Trump Donors Among Early Recipients Of Coronavirus Loans

WASHINGTON (AP) — As much as $273 million in federal coronavirus aid was awarded to more than 100 companies that are owned or operated by major donors to President Donald Trump's election efforts, according to an Associated Press analysis of federal data. Many were among the first to be approved...
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FILE - In this May 15, 2020 file photo, an Uber sign is displayed inside a car in Chicago. Uber finally got its food delivery company, acquiring Postmates in a $2.65 billion all-stock deal, the ride-hailing giant confirmed Monday, July 6. (AP Photo/Nam Y. Huh, File)
July 06, 2020 - 12:06 pm

Uber Buys Postmates, Ups Delivery Game In $2.65 Billion Deal

SILVER SPRING, Md. (AP) — Uber has widened its reach in the fiercely competitive delivery market by acquiring Postmates in a $2.65 billion all-stock deal, the company said Monday. The acquisition enables the ride-hailing giant to increase its delivery offerings at a time when the global pandemic...
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File---Picture taken June 24, 2020 shows the Wirecard logo at the headquarters of the payment service provider in Aschheim, Germany. (Sven Hoppe/picture-alliance/dpa via AP, file)
July 06, 2020 - 7:37 am

Second Executive Arrested In Wirecard Scandal In Germany

FRANKFURT, Germany (AP) — Another executive with bankrupt payment company Wirecard has been arrested in Germany on suspicion of aggravated fraud, prosecutors said Monday. The suspect, the head of a company subsidiary in Dubai, had returned to Germany to face proceedings. The arrest comes after...
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FILE -In this Monday, Sept. 3, 2019 file photo, the logo is pictured of the pharmaceutical giant Servier Laboratoires in Suresnes, outside Paris. French pharmaceutical company Servier Laboratories is facing millions of euros in potential fines after a massive trial around a diabetes drug used as a diet pill. The popular drug, called Mediator, became one of France’s biggest modern health scandals. The trial is wrapping up Monday, July 6, 2020 after more than six months of exceptional proceedings targeting Servier and France’s medicines watchdog. (AP Photo/Michel Euler, File)
July 06, 2020 - 3:55 am

French Drug Company Accused Of Favoring Profits Over Lives

PARIS (AP) — Accused of favoring profits over patients’ lives, French pharmaceutical company Servier Laboratories is facing millions of euros in potential fines and damages after a huge trial involving 6,500 plaintiffs who say the company allowed a diabetes drug to be widely and irresponsibly...
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FILE - In this June 25, 2020, file photo, Democratic presidential candidate former Vice President Joe Biden, center, speaks to Stacie Ritter, right, and her son, Jan, during a meeting with families who have benefited from the Affordable Care Act in Lancaster, Pa. Biden is hoping to capture Florida and other pivotal states by pushing Latino turnout rates higher than when Hillary Clinton lost to Donald Trump in 2016. (AP Photo/Matt Slocum, File)
July 06, 2020 - 3:17 am

1 Ad, 3 Accents: How Democrats Aim To Win Latino Votes

WASHINGTON (AP) — The Spanish-language ads for Joe Biden used the same slogan to contrast him with President Donald Trump — “los cuentos no pagan las cuentas,” a play on words that roughly means “telling stories won't pay the bills.” But the narrator for the version that aired in Miami had a Cuban...
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Mercedes driver Valtteri Bottas of Finland poses with his trophy and a bottle of champagne after winning the Austrian Formula One Grand Prix at the Red Bull Ring racetrack in Spielberg, Austria, Sunday, July 5, 2020. (Mark Thompson/Pool via AP)
July 05, 2020 - 9:46 am

Bottas Shows He Can Handle Pressure In Winning Austrian Gp

SPIELBERG, Austria (AP) — Valtteri Bottas insisted before the season-opening Austrian Grand Prix on Sunday that he has what it takes to win the Formula One world championship. That’s a tall order with six-time F1 champion Lewis Hamilton as his teammate at Mercedes. Especially as Hamilton needs one...
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A car stands vertically on a muddy road after being washed away by flood, in Hitoyoshi, Kumamoto prefecture, southwestern Japan, Sunday, July 5, 2020. Heavy rain in the Kumamoto region triggered flooding and mudslides Saturday and left dozens still being stranded at their homes and other facilities. (Kyodo News via AP)
July 05, 2020 - 4:11 am

Japan Floods Leave Up To 34 Dead, Many At Nursing Homes

TOKYO (AP) — Deep floodwaters and the risk of more mudslides that left at least 34 people confirmed or presumed dead hampered search and rescue operations Sunday in southern Japan, including at elderly home facilities where more than a dozen died and scores were still stranded. Helicopters and...
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Workers inspect newly assembled cars at a Beijing Benz Automotive Co. Ltd factory, a German joint venture company for Mercedes-Benz, in Beijing on Wednesday, May 13, 2020. Chinese media reported Sunday, July 5, 2020 that Mercedes-Benz will recall more than 660,000 vehicles in China later this year for a possible oil leak with most of the vehicles being manufactured by Beijing Benz Automotive Co. (AP Photo/Ng Han Guan)
July 05, 2020 - 2:17 am

Mercedes To Recall 660,000 Vehicles In China For Oil Leak

BEIJING (AP) — Mercedes-Benz will recall more than 660,000 vehicles in China later this year for a possible oil leak. A seal between a high-pressure fuel pump and a low-pressure fuel pipe could weaken over time, allowing oil to leak when the engine starts in cold weather, according to a notice...
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