Consumer products and services

Visitors wearing protective face masks pose for a photo along the Bund in Shanghai, Thursday, Jan. 30, 2020. China counted 170 deaths from a new virus Thursday and more countries reported infections, including some spread locally, as foreign evacuees from China's worst-hit region returned home to medical observation and even isolation. (AP Photo)
January 30, 2020 - 10:11 am
BEIJING (AP) — The Latest on the outbreak of a new virus from China (all times local): 11 p.m. Russia is closing its land border with China, similar to steps taken by Mongolia and North Korea, to guard against a new viral outbreak. Russian Prime Minister Mikhail Mishustin issued the decree Thursday...
Read More
FILE - In this Dec. 20, 2018, file photo Juul products are displayed at a smoke shop in New York. The company that makes Marlboro cigarettes will take a $4.1 billion hit from its investment in Juul. Altria took a 35% stake in the e-cigarette company at the end of 2018 at a cost of almost $13 billion. The Richmond, Va., company on Thursday, Jan. 30, 2020 cited burgeoning legal cases that it expects to grow. (AP Photo/Seth Wenig, File)
January 30, 2020 - 9:27 am
The company that makes Marlboro cigarettes saw in late 2018 the opportunity to offset declining tobacco sales with a $13 billion investment in Juul, the e-cigarette maker. That investment has come at a tremendous cost, the latest a $4.1 billion hit announced Thursday by Altria as legal cases...
Read More
January 30, 2020 - 5:11 am
THE HAGUE, Netherlands (AP) — Consumer products multinational Unilever's turnover rose 2% in 2019 to 52 billion euros ($57.3 billion), the company said Thursday as it also announced a major review of its tea division. Net profit at the Anglo-Dutch company whose brands include Lipton tea, Dove soaps...
Read More
January 30, 2020 - 4:35 am
COPENHAGEN, Denmark (AP) — Swedish low-cost fashion brand Hennes & Mauritz AB says its net sales have increased by 11% to 232.7 billion kronor ($24.2 billion) last year “in an ever-changing fashion industry.” The Stockholm-based group says its full year gross profit increased by 9% to 33.3...
Read More
January 29, 2020 - 9:39 pm
SEOUL, South Korea (AP) — Samsung Electronics Co. said Thursday its operating profit for the last quarter fell 33.7% from a year earlier but it predicted earnings will improve in 2020, driven by a gradually stabilizing computer chip market and increasing 5G smartphone sales. The South Korean tech...
Read More
FILE - In this Nov. 10, 2019, file photo the company logo shines off the grille of an unsold 2020 Model X at a Tesla dealership in Littleton, Colo. Tesla reports financial results on Wednesday, Jan. 29, 2020. (AP Photo/David Zalubowski, File)
January 29, 2020 - 6:03 pm
DETROIT (AP) — Record electric vehicle sales in the fourth quarter helped to push Tesla Inc. to its second-straight quarterly profit, giving bullish investors optimism that sustained black ink lies ahead. The Palo Alto, California, company said it made a net profit of $105 million from October...
Read More
January 29, 2020 - 4:38 pm
NEW ORLEANS (AP) — Walmart isn't responsible for paying sales taxes for items sold through its online “marketplace” for third-party sellers under Louisiana law, the state's Supreme Court ruled Wednesday. Wednesday's 4-3 decision comes in a case involving the New Orleans suburb of Jefferson Parish...
Read More
January 29, 2020 - 1:55 pm
BUDAPEST, Hungary (AP) — The latest issue of the Hungarian edition of Forbes magazine has been recalled from newsstands due to a court ruling regarding privacy concerns, the magazine said Wednesday. According to a statement from Forbes, the owners of Hell Energy, a Hungarian energy drink...
Read More
FILE - In this Jan. 22, 2020, file photo signs for a McDonald's restaurant hang on a building in the Chinatown section of New York. McDonald's reports financial results on Wednesday, Jan. 29. (AP Photo/Mark Lennihan, File)
January 29, 2020 - 11:06 am
McDonald's wrapped up a tumultuous year on a high note after the company's CEO was ousted in November. The burger giant said Wednesday it surpassed $100 billion in annual sales for the first time, and notched its highest same-store sales in more than a decade, with growth in all of its global...
Read More
FILE - In this Jan. 16, 2020, file photo customers come and go at a Starbucks on South Claiborne Ave. in New Orleans. Starbucks Corp. reports financial earns on Tuesday, Jan. 28. (AP Photo/Gerald Herbert, File)
January 28, 2020 - 7:12 pm
It was a happy holiday at Starbucks, but the company's sales momentum could start to slow due to the coronavirus outbreak in China. Starbucks said it had intended to raise its full-year earnings guidance Tuesday, but uncertainty about China put that on pause. Starbucks said it has already closed...
Read More

Pages