Corporate news

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Oct. 23, 2020. Shares were mostly higher in Asia on Friday after President Donald Trump and his challenger former Vice President Joe Biden faced off in their second and final debate before the Nov. 3 election. (AP Photo/Ahn Young-joon)
October 22, 2020 - 10:49 pm
Shares were mostly higher in Asia on Friday after President Donald Trump and his challenger former Vice President Joe Biden faced off in their second and final debate before the Nov. 3 election. Stocks rose in Tokyo, Hong Kong and Seoul but fell in Shanghai. Sydney's benchmark ended flat. In their...
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FILE - In this Tuesday, Aug. 4, 2020, file photo, signage is pictured at a Walmart store in Oklahoma City. On Thursday, Oct. 22, 2020, Walmart filed a lawsuit against the U.S. government in a pre-emptive strike in the battle over its responsibility in the opioid abuse crisis. (AP Photo/Sue Ogrocki, File)
October 22, 2020 - 5:20 pm
NEW YORK (AP) — Walmart is suing the U.S. government in a pre-emptive strike in the battle over its responsibility in the opioid abuse crisis. The government is expected to take civil action against the world's largest retailer, seeking big financial penalties, for the role its pharmacies may have...
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FILE - This combination of photos shows logos for social media platforms Facebook and Twitter. Facebook and Twitter moved quickly this week to limit the spread of a disputed tabloid story promising new twists in the saga of Joe Biden’s relationship with Ukraine. President Donald Trump's campaign quickly seized on the story in the New York Post — but the report raised more questions than answers, including about the authenticity of an email at the center of the story. Wednesday morning Oct. 14, 2020, hours after the story's publication, a Facebook spokesman tweeted that the company was limiting its distribution on the platform.(AP Photo/File)
Associated Press
October 22, 2020 - 4:53 pm
WASHINGTON (AP) — The GOP push against Facebook and Twitter accelerated Thursday after Republican senators threatened the CEOs of the social media companies with subpoenas to force them to address accusations of censorship in the closing weeks of the presidential campaign. With Democrats boycotting...
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Acting Assistant Attorney General Brian Rabbitt, of the Justice Department's Criminal Division and other officials, speak, Thursday, Oct. 22, 2020, at the Justice Department in Washington. A subsidiary of Goldman Sachs pleaded guilty on Thursday and agreed to pay more than $2 billion in a foreign corruption probe tied to the Malaysian 1MDB sovereign wealth fund, which was looted of billions of dollars in a corruption scandal. The company, Goldman Sachs Malaysia, entered the plea in federal court in Brooklyn. (Yuri Gripas/The New York Times via AP, Pool)
October 22, 2020 - 2:49 pm
WASHINGTON (AP) — A subsidiary of Goldman Sachs pleaded guilty on Thursday and agreed to pay more than $2.9 billion in a foreign corruption probe tied to the Malaysian 1MDB sovereign wealth fund, which was looted of billions of dollars in a corruption scandal. In addition, several current and...
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October 22, 2020 - 2:46 pm
LOS ANGELES (AP) — A judge has dismissed the lawsuit of one of two men who alleged that Michael Jackson abused them as boys in the HBO documentary “Leaving Neverland." Los Angeles County Superior Court Judge Mark A. Young on Tuesday found that James Safechuck, 42, could not sue the two corporations...
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The new Huawei Mate 40 Pro smartphone is held for a photo, in London, Wednesday Oct. 21, 2020. Huawei, has unveiled its Mate 40 line of phones, Thursday Oct. 22, 2020, a product release that comes at a crucial moment for the company. (AP Photo/James Brooks)
October 22, 2020 - 8:02 am
LONDON (AP) — Huawei’s new smartphone has an upgraded camera, its latest advanced chipset and a better battery. What it may not have outside the Chinese tech giant’s home market is very many buyers. Huawei, which recently became the world’s No. 1 smartphone maker, on Thursday unveiled its Mate 40...
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A Southwest Airlines Boeing 737-7H4 takes off, Tuesday, Oct. 20, 2020, from Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Fla. Airlines are continuing to pile up billions of dollars in losses as the pandemic causes a massive drop in air travel. Southwest Airlines on Thursday, Oct. 22, lost $1.16 billion in the normally strong third quarter, which includes most of the summer vacation season.(AP Photo/Wilfredo Lee)
October 22, 2020 - 5:04 am
DALLAS (AP) — Airlines are piling up billions of dollars in losses as the pandemic causes a massive drop in air travel. American Airlines on Thursday reported a loss of $2.4 billion and Southwest Airlines lost $1.16 billion in the third quarter, typically a very strong period of air travel that...
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Retired British Airways Boeing 747-400 parked at Cotsworld Airport in Kemble, England, Sunday, Oct. 11, 2020. The retirement of the Jumbo Jet fleet was brought forward as a result of the impact the COVID-19 pandemic had on the airline and the aviation sector. (AP Photo/Frank Augstein)
October 22, 2020 - 2:43 am
LONDON (AP) — The parent company of British Airways has cut its fourth-quarter passenger forecast to just 30% of last year’s level as government restrictions imposed to control a new wave of coronavirus infections reduces demand for flights. International Airlines Group made the announcement...
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This combination photo shows Meg Whitman at The Hollywood Reporter's Women in Entertainment Breakfast Gala in Los Angeles on Dec. 11, 2019, left, and Jeffrey Katzenberg at the 26th annual Screen Actors Guild Awards in Los Angeles on Jan. 19, 2020. Katzenberg and Whitman are bringing Quibi to a phone near you with movies, shows and news served in quick bites. (AP Photo)
Associated Press
October 21, 2020 - 3:23 pm
Short-video app Quibi said it is shutting down just six months after its early April launch, having struggled to find customers. The company said Wednesday that it would wind down its operations and plans to sell its assets. “Quibi is not succeeding," its top executives bluntly declared in a letter...
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October 21, 2020 - 2:19 pm
OMAHA, Neb. (AP) — CSX's third-quarter profit fell 14% but the railroad said it handled nearly as many shipments as last year, as volume recovered from the depths of the shutdowns earlier this year. The Jacksonville, Florida-based railroad said Wednesday that it earned $736 million, or 96 cents per...
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