Corporate news

FILE - In this Friday, Oct. 2, 2020 file photo, pedestrians pass the New York Stock Exchange, in New York. Stocks are pulling slightly higher in the early going on Wall Street, Wednesday, Oct. 14, as investors pore over another batch of earnings reports from big U.S. companies. The S&P 500 added 0.3% in early trading Wednesday. A loss in the index a day earlier broke a four-day winning streak. (AP Photo/John Minchillo, File)
October 14, 2020 - 1:48 pm
Stocks gave up early gains and closed lower Wednesday, adding to Wall Street's losses from a day earlier. The S&P 500 fell 0.7% after spending the morning swaying between small gains and losses. Companies that rely on consumer spending, banks and technology and communication stocks bore the...
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This July 12, 2019, photo shows the UnitedHealthcare headquarters in Minneapolis. UnitedHealth Group beat forecasts for its earnings in the third quarter, and the U.S.'s largest health insurance provider finally hiked its 2020 outlook after holding off while trying to sort out COVID-19’s impact. (AP Photo/Jim Mone, File)
October 14, 2020 - 4:31 am
UnitedHealth Group beat forecasts for its earnings in the third quarter, and the U.S.'s largest health insurance provider finally hiked its 2020 outlook after holding off while trying to sort out COVID-19’s impact. Health insurers had approached 2020 forecasts cautiously so far this year, even...
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October 13, 2020 - 8:04 pm
SAN DIEGO (AP) — A U.S. military contractor has been indicted in California for allegedly faking quality control on construction projects in Africa that were so badly done some buildings collapsed, including an aircraft hangar, authorities said Tuesday. Micheline Pollock was named in a 98-count...
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FILE - This Sept. 13, 2014, file photo, shows the Chase bank logo in New York. JPMorgan Chase says profits improved marginally in the third quarter, a notable change after the nation’s largest bank had to set aside billions in the last two quarters to cover losses from the coronavirus pandemic. The New York-based bank said it earned a profit of $9.44 billion, or $2.92 a share, in the July to September period. (AP Photo/Frank Franklin II, File)
October 13, 2020 - 2:51 pm
CHARLOTTE, N.C. (AP) — Two of the nation's biggest banks — JPMorgan Chase and Citigroup — said Tuesday that their profits improved markedly over the summer, as the U.S. economy tried to bounce back from the coronavirus shutdowns that were imposed earlier this year. Even so, both New York banks...
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FILE - In this May 2020 photo provided by Eli Lilly, a researcher tests possible COVID-19 antibodies in a laboratory in Indianapolis. Antibodies are proteins the body makes when an infection occurs; they attach to a virus and help it be eliminated. (David Morrison/Eli Lilly via AP)
October 13, 2020 - 1:36 pm
Independent monitors have paused enrollment in a study testing the COVID-19 antiviral drug remdesivir plus an experimental antibody therapy being developed by Eli Lilly that’s similar to a treatment President Donald Trump recently received. Lilly confirmed Tuesday that the study had been paused “...
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FILE - In this Monday, Sept. 21, 2020, file photo, the Wall Street sign is framed by a giant American flag hanging on the New York Stock Exchange. Stocks are edging lower on Wall Street in early trading, Tuesday, Oct. 13, 2020, as the market cools off following a four-day rally. (AP Photo/Mary Altaffer, File)
October 13, 2020 - 11:53 am
Stocks are moving broadly lower on Wall Street Tuesday, on pace to give up some of their recent gains as earnings reporting season gets underway for big companies. The S&P 500 was down 0.8% in afternoon trading, giving back about half the gains from a day earlier, when another surge by Big Tech...
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FILE - This Oct. 21, 2019 file, photo shows Johnson's Baby Aloe & Vitamin E Powder in Salt Lake City. Johnson & Johnson boosted revenue slightly and doubled its third-quarter profit, mainly due to a $4 billion charge for litigation costs in the year-ago quarter. The health care giant handily beat Wall Street expectations and raised its financial forecast for the year. (AP Photo/Rick Bowmer, File)
October 13, 2020 - 5:48 am
Johnson & Johnson boosted revenue slightly and doubled its third-quarter profit, mainly due to a $4 billion charge for litigation costs in the year-ago quarter. The health care giant blew past Wall Street expectations and raised its financial forecast for the year. Meanwhile, the New Brunswick...
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October 13, 2020 - 5:41 am
The summer travel season was even worse than expected for Delta Air Lines, which lost $5.38 billion in the third quarter as people hunkered down at home during the pandemic. Most of the loss stemmed from the cost of paying people to quit and writing down the value of assets including planes...
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October 13, 2020 - 5:40 am
NEW YORK (AP) — Citigroup says profit fell 34% in the third quarter due to weakness in its consumer banking division. The New York-based bank said Tuesday that third-quarter net income fell to $3.23 billion from $4.91 billion in the year ago quarter. Per share earnings for the latest quarter were $...
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October 13, 2020 - 3:17 am
BEIJING (AP) — China’s vehicle sales including trucks and buses accelerated in September as the industry’s biggest global market recovered from the coronavirus pandemic, an industry group reported Tuesday. Sales rose 17.4% over a year earlier to 2.6 million vehicles, up from August’s 11.6% growth,...
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