Corporate news

July 24, 2018 - 5:04 am
PARIS (AP) — PSA Group, the maker of Peugeot and Citroen cars, is doing what General Motors failed to do in 20 years: make the mass market brands Opel Vauxhall profitable. The French company, which bought Opel Vauxhall from GM last year, said Tuesday that the unit made an operating profit of 502...
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FILE - In this Friday, May 21, 2010 file photo, Chrylser CEO Sergio Marchionne, left, is seen with Jeep brand President and CEO Mike Manley at the Jefferson North Assembly Plant, in Detroit. Fiat Chrysler's board recommends Jeep executive Mike Manley to replace seriously ill CEO Sergio Marchionne, Saturday, July 21, 2018. (AP Photo/Carlos Osorio, File)
July 23, 2018 - 8:53 pm
MILAN (AP) — Fiat Chrysler shares were volatile Monday as investors expressed worry about the exit of ailing CEO Sergio Marchionne, whose driven and creative management style has been the company's fortune. Shares in the Italian-American carmaker closed down 1.5 percent after a harder 4 percent...
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Jason McMillan, 36, of Riverside, a Riverside County Sheriff's deputy who was shot and paralyzed in the Oct, 1, 2017, Las Vegas shooting, reacts as he talks about that evening and is upset MGM's decision, during a personal account brought together by attorneys at a news conference in Newport Beach, Calif., Monday, July 23, 2018. Behind McMillan are images of the shooting victims of the October 1, 2017 shooting. Victims of the fatal mass shooting at a Las Vegas country music festival are outraged they are being sued by MGM, which owns the hotel where the gunman opened fire. (AP Photo/Alex Gallardo)
July 23, 2018 - 6:31 pm
NEWPORT BEACH, Calif. (AP) — Victims of a mass shooting at a Las Vegas country music festival said Monday they were outraged when they learned they were being sued by the company that owns the hotel where the gunman opened fire. Jason McMillan, a 36-year-old Riverside County sheriff's deputy who...
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FILE - In this July 25, 2017, file photo, Alphabet stock is shown on a screen at the Nasdaq MarketSite in New York. Shares in Google parent Alphabet jumped in after-hours trading Monday, July 23, 2018, as the company's second-quarter results exceeded Wall Street forecasts after taking into account a $5 billion charge levied by European regulators. (AP Photo/Mark Lennihan, File)
July 23, 2018 - 4:01 pm
MENLO PARK, Calif. (AP) — Google parent Alphabet on Monday reported second-quarter earnings that pleased Wall Street, even as it booked a $5.1 billion charge to cover a fine levied by European regulators. The company reported a profit of $3.2 billion for the three months that ended June 30. Google...
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FILE - In a Wednesday, June 27, 2018 file photo, Veterans Affairs Secretary nominee Robert Wilkie is sworn in at the start of a Senate Veterans Affairs Committee nominations hearing on Capitol Hill in Washington. Wilkie is expected to become secretary of Veterans Affairs when the Senate votes Monday, July 23 to confirm him. (AP Photo/Carolyn Kaster, File)
July 23, 2018 - 3:21 pm
WASHINGTON (AP) — The Senate on Monday confirmed Pentagon official Robert Wilkie to be secretary of Veterans Affairs, charged with delivering on President Donald Trump's campaign promises to fire bad VA employees and steer more patients to the private sector. Wilkie won approval on a bipartisan...
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The duck boat that sank in Table Rock Lake in Branson, Mo., is raised Monday, July 23, 2018. The boat went down Thursday evening after a thunderstorm generated near-hurricane strength winds. (Nathan Papes/The Springfield News-Leader via AP)
July 23, 2018 - 1:49 pm
BRANSON, Mo. (AP) — The Latest on the deadly sinking of a duck boat in a southern Missouri lake (all times local): 3:45 p.m. A Missouri lawmaker says change is needed to improve the safety of amphibious vehicles like duck boats after 17 people were killed when one sunk last week at Table Rock Lake...
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July 23, 2018 - 8:48 am
NEW YORK (AP) — Shares of Tesla tumbled Monday on reports that the company asked suppliers for refunds to help it turn a profit. A memo provided to The Wall Street Journal shows the electric car maker asked a supplier to return what it calls a meaningful amount of money on its payments since 2016...
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Trader Michael Milano works on the floor of the New York Stock Exchange, Monday, July 23, 2018. Stocks are opening slightly lower on Wall Street, led by declines in technology companies and retailers. (AP Photo/Richard Drew)
July 23, 2018 - 8:36 am
U.S. stocks edged lower in morning trading Monday, adding to the market's losses at the end of last week. Industrial companies, automakers and retailers were accounted for much of the decline, outweighing gains elsewhere. Banks posted solid gains as bond yields rose. Investors were focused on...
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FILE - This July 17, 2018, file photo, shows the corporate headquarters of Papa John's pizza located on their campus, in Louisville, Ky. Papa John’s is adopting a shareholder rights plan as it looks to safeguard against its disgraced founder possibly attempting to take control of the pizza chain. (AP Photo/Timothy D. Easley, File)
July 23, 2018 - 6:59 am
LOUISVILLE, Ky. (AP) — Papa John's is attempting to ward off its controversial founder from amassing a controlling stake in the company by adopting a "poison-pill" plan. The company is struggling to distance itself from John Schnatter, who resigned as chairman this month after his use of a racial...
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In this April 25, 2017, photo, a baby receives a vaccine shot next to a poster which reads "Standardize vaccination and build a healthy China" at a hospital in Handan in north China's Hebei province. China's No. 2 leader has ordered an investigation of its vaccine industry after violations by a rabies vaccine producer prompted a public outcry following scandals over shoddy drugs and food. (Chinatopix via AP)
July 23, 2018 - 1:03 am
BEIJING (AP) — Chinese leaders are scrambling to shore up public confidence and oversight of the pharmaceutical industry after a rabies vaccine maker was found faking records, the latest in a slew of public health and safety scandals that have led outraged Chinese parents to direct their ire at the...
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