Corporate news

Former CEO of Global Wealth Management and Business Banking at UBS AG Raoul Weil, left, his wife, 2nd left, former General Director of UBS France Patrick de Fayet, 2nd right, and one member of their legal team arrive for the the Swiss bank's trial at the Paris courthouse in Paris, France, Wednesday, Feb. 20, 2019. A Paris court has ordered Swiss bank UBS to pay 3.7 billion euros ($4.2 billion) in fines for helping wealthy French clients evade tax authorities. (AP Photo/Michel Euler)
February 20, 2019 - 8:40 am
PARIS (AP) — A French court ordered Swiss bank UBS to pay more than 3.7 billion euros ($4.2 billion) in fines for helping wealthy French clients evade tax authorities, wrapping up one of France's biggest-ever tax evasion trials. The Paris court convicted Zurich-based UBS AG on Wednesday of...
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FILE- In this May 18, 2006, file photo a worker puts the finishing touches on a sign unveiling the company's new look at a Payless Shoesource store at a mall in Independence, Mo. Payless ShoeSource has filed for Chapter 11 bankruptcy protection and is shuttering its remaining stores in North America. The filing on Monday, Feb. 18, 2019, came a day after the shoe chain began holding going-out-of-business sales at its North American stores. (AP Photo/Charlie Riedel, File)
February 20, 2019 - 8:37 am
TOPEKA, Kan. (AP) — The failing Payless ShoeSource chain will honor gift cards and store credit until March 11 as the company liquidates all operations. The Topeka, Kansas, company, which filed for bankruptcy protection this week, will allow returns and exchanges of non-final sale items through the...
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FILE- In this Aug. 7, 2018, file photo a CVS Pharmacy building sign rests on a Jackson, Miss., store. CVS Health topped fourth-quarter earnings forecasts, but the nation’s second-largest drugstore chain also debuted a 2019 outlook that fell far short of Wall Street expectations. The company said Wednesday, Feb. 20, 2019, that it expects adjusted earnings to range between $6.68 and $6.88 this year. FactSet says analysts expect earnings of $7.35 per share. (AP Photo/Rogelio V. Solis, File)
February 20, 2019 - 8:04 am
CVS Health beat fourth-quarter earnings forecasts, but a struggling long-term care business took a $2.2-billion bite out of the company's performance and its initial 2019 forecast was weaker than expected. Shares tumbled more than 5 percent less than two hours before the opening bell Wednesday. CEO...
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In this photo taken in 2018 and provided by Pavel Otdelnov, A view of an abandoned industrial building of the factory "Zarya" in Dzerzhinsk, is on display at an exhibition in Moscow, Russia. Pavel Otdelnov, a Russian artist who grew up in Dzerzhinsk, the center of the nation's chemical industries 355 kilometers (220 miles) east of Moscow, focused on the city, one of the most polluted in Russia, in his new 'Promzona' art show. (Pavel Otdelnov, Photo via AP)
February 20, 2019 - 7:28 am
MOSCOW (AP) — Pavel Otdelnov recalls how as a child he saw his mother boil his parents' bedding every day. His father worked in the factories of Dzerzhinsk, the center of Soviet chemical manufacturing, and the chlorine and phosgene that yellowed the sheets seeped through protective gear into his...
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FILE - This Oct. 27, 2010, file photo shows a Boeing 737 being delivered to FlyDubai in Seattle. Budget carrier FlyDubai said Wednesday, Feb. 20, 2019, that revenues rose to $1.7 billion in 2018, but the company ended the year with a loss of $43.5 million. (AP Photo/Elaine Thompson, File)
February 20, 2019 - 4:40 am
DUBAI, United Arab Emirates (AP) — Dubai's government-owned budget carrier FlyDubai said Wednesday its revenues increased to $1.7 billion in 2018, though the airline ended the year with a loss of $43.5 million. The airline that flies out of both Dubai International Airport and Dubai World Central's...
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This Aug. 20, 1987, image made from video shows an intruder with a gun, as journalist David Horowitz is taken hostage during a live broadcast of Channel 4 Los Angeles. Horowitz remained calm and read the gunman's statements on camera, but the station had cut the broadcast without the gunman becoming aware of that fact. The gun turned out to be a toy BB gun, and Horowitz then took on the campaign to ban toy guns that look like real guns. Longtime consumer journalist David Horowitz has died at age 81, his wife told NBC4. (NBC-TV via AP)
February 20, 2019 - 1:38 am
LOS ANGELES (AP) — David Horowitz, whose "Fight Back!" syndicated program made him perhaps the best-known consumer reporter in the U.S., has died. He was 81. Horowitz had dementia and died on Thursday in Los Angeles, a family spokesman said. "Fight Back! With David Horowitz" won multiple Emmys and...
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In this image provided by the Department of Transportation, deputy transportation secretary Jeffrey Rosen is shown in his official portrait in Washington. President Donald Trump has nominated Rosen to be the next deputy attorney general. (Department of Transportation via AP)
February 19, 2019 - 11:47 pm
WASHINGTON (AP) — President Donald Trump on Tuesday said he intends to nominate Jeffrey Rosen, a longtime litigator and deputy transportation secretary, to replace Rod Rosenstein as deputy attorney general. In his current post, the 60-year-old Rosen serves as the Transportation Department's chief...
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FILE - In this Feb. 1, 2017 file photo, National Security Adviser Michael Flynn speaks during the daily news briefing at the White House, in Washington. The Democrat-led House oversight committee launched an investigation Tuesday into whether senior officials in President Donald Trump’s White House worked to transfer nuclear power technology to Saudi Arabia as part of a deal that would financially benefit prominent Trump supporters. The proposal was pushed by former National Security Adviser Michael Flynn, who was fired in early 2017, but it has remained under consideration by the Trump administration despite concerns from Democrats and Republicans that Saudi Arabia could develop nuclear weapons if the U.S. technology was transferred without proper safeguards. (AP Photo/Carolyn Kaster)
February 19, 2019 - 11:44 pm
WASHINGTON (AP) — Senior White House officials pushed a project to share nuclear power technology with Saudi Arabia despite the objections of ethics and national security officials, according to a new congressional report citing whistleblowers within the Trump administration. Lawmakers from both...
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Employees gather as they have a break at the Honda car factory in Swindon, England, Tuesday, Feb. 19, 2019. The Japanese carmaker Honda announced Tuesday that its Swindon car plant in western England, will close with the potential loss of some 3,500 jobs. (AP Photo/Frank Augstein)
February 19, 2019 - 10:30 am
LONDON (AP) — Japanese carmaker Honda plans to close its car factory in western England in 2021, a fresh blow to the British economy as it struggles with the uncertainty associated with leaving the European Union next month. The company announced the decision, which will imperil 3,500 jobs and...
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FILE- In this Nov. 9, 2018, file photo shoppers look at toys at a Walmart Supercenter in Houston. Walmart Inc. reports financial results Tuesday, Feb. 19, 2019. (AP Photo/David J. Phillip, File)
February 19, 2019 - 7:46 am
NEW YORK (AP) — Walmart delivered a quarterly report that beat expectations on profit and revenue, and e-commerce sales surged during the critical holiday period. Shares moved sharply higher before the opening bell Tuesday. Walmart is the first major retailer to deliver fourth-quarter results and...
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