Corporate news

In this Feb. 9, 2017, photo Benjamin Smith, President, Passenger Airlines Air Canada, speaks before revealing the new Air Canada Boeing 787-8 Dreamliner at a hangar at the Toronto Pearson International Airport in Mississauga, Ontario. Air Canada's chief operating officer Smith has been named the new CEO of Air France-KLM. Smith will replace former Air France CEO Jean-Marc Janaillac, who quit more than three months ago when staff turned down his offer of a pay deal aimed at halting a wave of strikes. (Mark Blinch/The Canadian Press via AP)
August 17, 2018 - 4:56 am
PARIS (AP) — Unions at Air France-KLM voiced concern after the company appointed Benjamin Smith as the new CEO with the support of the French state. The company said Thursday that Smith, who is 46 and was previously Air Canada's chief operating officer, will fill the role by Sept. 30. Vincent...
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FILE - In this Oct. 3, 2017, file photo, windows are broken at the Mandalay Bay resort and casino in Las Vegas, the room from where Stephen Craig Paddock fired on a nearby music festival, killed 58 and injuring hundreds on Oct. 1. Attorneys for a group of victims of the Las Vegas mass shooting harshly criticized MGM Resorts International this week over its legal maneuver seeking to consolidate multiple lawsuits stemming from the massacre. The victims' attorneys in court documents filed Tuesday, Aug. 14, 2018, say the casino operator is acting with improper motives in seeking to have the cases combined in one court. (AP Photo/John Locher, File)
August 16, 2018 - 9:55 pm
LAS VEGAS (AP) — Attorneys for a group of victims of the Las Vegas mass shooting harshly criticized MGM Resorts International this week over its legal maneuver seeking to consolidate multiple lawsuits stemming from the massacre. The victims' attorneys in court documents filed Tuesday say the casino...
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August 16, 2018 - 7:40 pm
WASHINGTON (AP) — The chairman of the Federal Communications Commission, an independent agency, said Thursday that a White House official called to talk about a proposed merger between Sinclair Broadcast Group Inc. and Tribune Media Co. Ajit Pai told a Senate panel that Don McGahn, the White House...
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FILE - In this Nov. 3, 2015 file photo, the Keystone Steele City pumping station, into which the planned Keystone XL pipeline is to connect to, is seen in Steele City, Neb. A federal judge on Wednesday, Aug. 15, 2018, ordered the U.S. State Department to conduct a more thorough review of the Keystone XL pipeline's proposed pathway after Nebraska state regulators changed the route, raising the possibility of further delays to a project first proposed in 2008. (AP Photo/Nati Harnik, File)
August 16, 2018 - 7:00 pm
LINCOLN, Neb. (AP) — A federal judge has ordered the U.S. State Department to conduct a more thorough review of the Keystone XL oil pipeline's proposed pathway after Nebraska state regulators changed the route, raising the possibility of further delays to a project first proposed in 2008. U.S...
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FILE- In this Nov. 9, 2017, file photo, a man pushes a cart while shopping at a Walmart store in North Bergen, N.J. Walmart Inc. reports earnings on Thursday, Aug. 16, 2018. (AP Photo/Julio Cortez, File)
August 16, 2018 - 6:59 pm
NEW YORK (AP) — Walmart raised its financial outlook for the year on Thursday after beating Wall Street's expectations for the quarter and seeing the strongest growth in more than a decade in sales at established stores. Its shares rose more than 9 percent. The upbeat report indicates that Walmart'...
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Defense attorneys Richard Westling, left, Kevin Downing, and Thomas Zehnle, walk to federal court as jury deliberations begin in the trial of former Trump campaign chairman Paul Manafort, in Alexandria, Va., Thursday, Aug. 16, 2018. (AP Photo/Jacquelyn Martin)
August 16, 2018 - 5:52 pm
ALEXANDRIA, Va. (AP) — The jury in the fraud trial of former Trump campaign chairman Paul Manafort ended its first day of deliberations with a series of questions to the judge, including a request to "redefine" reasonable doubt. The questions came after roughly seven hours of deliberation,...
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August 16, 2018 - 8:41 am
PLANO, Texas (AP) — J.C. Penney reported a bigger-than-expected loss in its fiscal second quarter as a key sales metric fell well short of Wall Street's view. The department store operator also cut its full-year forecast again, and its shares plunged more than 22 percent before the market open on...
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People react as they monitor stock prices at a brokerage house in Beijing, Thursday, Aug. 16, 2018. Asian shares are falling as investors fret over slowing economic growth, especially in China. Technology stocks and oil and metals prices skidded overnight on Wall Street. (AP Photo/Andy Wong)
August 16, 2018 - 7:30 am
TOKYO (AP) — Stock markets are higher in European trading as Turkey's currency crisis abated somewhat and after a downbeat day in Asia. Benchmarks in Germany and France rose Thursday while shares in Tokyo, Shanghai and Hong Kong declined. KEEPING SCORE: Germany's DAX added 0.5 percent to 12,221 and...
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August 16, 2018 - 4:31 am
COPENHAGEN, Denmark (AP) — Danish brewer Carlsberg says its second-quarter sales were above expectations thanks to the World Cup and warm weather, allowing the Copenhagen-based company to raise its full-year outlook. Carlsberg said Thursday that its reported net profit for the second half of 2018...
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August 15, 2018 - 2:35 pm
BURLINGTON, Vt. (AP) — Ice cream maker Ben & Jerry has a new CEO who has challenged the company to "double its social impact." Matthew McCarthy became CEO on July 1. The marketing executive is a veteran of Ben & Jerry's parent company, Anglo-Dutch consumer goods multinational Unilever,...
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