Corporate news

FILE - In this June 26, 2019, file photo, a package of meatless burgers by Beyond Meat are seen in Orlando, Fla. Beyond Meat reports financial earns Monday, July 29. (AP Photo/John Raoux, File)
July 29, 2019 - 6:09 pm
EL SEGUNDO, Calif. (AP) — Beyond Meat is in for a bumpy ride. The plant-based meat maker reported some good news Monday, raising its full-year revenue guidance after better-than-expected second quarter sales. But its shares slumped as it turned in a bigger loss than Wall Street forecast and...
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FILE - In this Sept. 21, 2016, file photo EpiPens that Mylan CEO Heather Bresch bought with her are seen on Capitol Hill in Washington as she testifies before the House Oversight Committee hearing on EpiPen price increases. Pfizer, the country's largest drugmaker, will absorb the generic pharmaceutical company Mylan, potentially creating a global generic powerhouse, the two companies said Monday, July 29, 2019. (AP Photo/Pablo Martinez Monsivais, File)
July 29, 2019 - 5:48 pm
Pfizer, the country's largest drugmaker, is creating a hybrid new drug company by combining its off-patent branded drug business with the generic pharmaceutical company Mylan. Pfizer's Upjohn, which sells one-time blockbusters like Viagra and Lipitor that have lost patent protection, will be spun...
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FILE - In this July 22, 2019, file photo trader William Lawrence works on the floor of the New York Stock Exchange. U.S. stocks moved lower in early trading on Wall Street Monday, July 29, as investors pulled back after pushing stocks to record highs last week. (AP Photo/Richard Drew, File)
July 29, 2019 - 4:54 pm
Major U.S. stock indexes closed mostly lower Monday as investors turned cautious ahead of a key Federal Reserve interest policy announcement and other potentially market-moving developments on tap for this week. Banks, retailers and communications companies took the brunt of the selling. Those...
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FILE - This June 21, 2017, file photo shows the building that houses the headquarters of Uber, in San Francisco. Uber is laying off 400 employees in marketing, about a quarter of the marketing team's global workforce of 1,200 people. The move, announced Monday, July 29, 2019, follows a leadership shake-up in June when CEO Dara Khosrowshahi combined the company's marketing, communications and policy teams. (AP Photo/Eric Risberg, File)
July 29, 2019 - 4:50 pm
NEW YORK (AP) — Uber is laying off 400 employees in marketing, about a quarter of the marketing team's global workforce of 1,200 people. The move, announced Monday, follows a leadership shake-up in June when CEO Dara Khosrowshahi combined the company's marketing, communications and policy teams...
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July 29, 2019 - 12:34 pm
MADRID (AP) — Spain's National Court says it has accepted the request of state anti-corruption prosecutors to probe Spain's second-biggest bank for allegedly paying a police investigator to carry out industrial espionage. The National Court said Monday that it will investigate the BBVA bank for...
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FILE - In this May 13, 2019, file photo, commuters walk by the new Huawei P30 smartphone advertisement on display inside a subway station in Beijing. Two months after U.S.-Chinese talks aimed at ending a tariff war broke down, both sides are trying to temper hopes for a breakthrough when negotiations resume Tuesday, July 30, 2019 on an array of disputes that has grown to include tension over Chinese tech giant Huawei. (AP Photo/Andy Wong, File)
July 29, 2019 - 6:37 am
BEIJING (AP) — Two months after U.S.-Chinese talks aimed at ending a tariff war broke down, both sides are trying to temper hopes for a breakthrough when negotiations resume Tuesday on an array of disputes that has grown to include tension over China's tech giant Huawei. Rhetoric has hardened...
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In this June 11, 2018 photo, President Donald Trump's sons, Eric Trump, third from left, and Donald Trump Jr., second from right, talk with guests at the opening of the Trump Golf Links clubhouse in the Bronx borough of New York. Behind them is the Whitestone Bridge. President Donald Trump's company posted annual losses at his golf course in the Bronx for the first time since it opened four years ago as expenses rose, greens fees barely budged and the opening of a clubhouse was delayed. (AP Photo/Mark Lennihan)
July 26, 2019 - 7:04 pm
NEW YORK (AP) — President Donald Trump's company posted annual losses at his golf course in the Bronx for the first time since it opened four years ago as expenses rose, greens fees barely budged and the opening of a clubhouse was delayed. The $122,127 loss is tiny for the multimillion-dollar Trump...
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FILE - This combination of April 30, 2018, file photos shows signage for a Sprint store in New York's Herald Square, top, and signage at a T-Mobile store in New York. Texas is joining more than a dozen states suing to stop T-Mobile’s $26.5 billion takeover of rival cellphone company Sprint, arguing that the deal is bad for consumers because it would reduce competition. (AP Photo/Bebeto Matthews, File)
July 26, 2019 - 5:09 pm
WASHINGTON (AP) — U.S. regulators have approved T-Mobile's $26.5 billion takeover of rival Sprint, despite fears of higher prices and job cuts, in a deal that would leave just three major cellphone companies in the country. Friday's approval from the Justice Department and five state attorneys...
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In this June 25, 2019 photo a sign is displayed outside a McDonald's restaurant in Pittsburgh. McDonald's Corp. reports financial earnings on Friday, July 26. (AP Photo/Gene J. Puskar)
July 26, 2019 - 5:08 pm
NEW YORK (AP) — McDonald's newly modernized stores and growth in delivery helped the world's largest hamburger chain serve up the biggest increase in global sales at established locations during the second quarter in seven years. The challenge: getting more customers to show up at its U.S...
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FILE - In this Friday, July 19 2019, file photo specialist Mark Otto, left, and trader Fred DeMarco work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, July 26. (AP Photo/Richard Drew, File)
July 26, 2019 - 4:29 pm
NEW YORK (AP) — U.S. stocks pushed to record heights Friday following strong profit reports from Google's parent company, Twitter and other big corporations. Companies are nearly midway through earnings reporting season, and results have generally been better than the dismal expectations that...
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