Corporate news

This young woman cries while standing outside the Koch Foods Inc., plant as U.S. immigration officials raid the plant in Morton, Miss., Wednesday, Aug. 7, 2019. U.S. immigration officials raided several Mississippi food processing plants on Wednesday and signaled that the early-morning strikes were part of a large-scale operation targeting owners as well as employees. (AP Photo/Rogelio V. Solis)
August 08, 2019 - 4:34 pm
MORTON, Miss. (AP) — Mississippi residents rallied around terrified children left with no parents and migrants locked themselves in their homes for fear of being arrested Thursday, a day after the United States' largest immigration raid in a decade. Immigration and Customs Enforcement officials...
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August 07, 2019 - 4:05 pm
NEW YORK (AP) — Lyft is reporting strong revenue growth but deep losses in its second quarter, a trend that it has so far been unable to reverse. The ride-hailing company on Wednesday posted revenue of $867.3 million, up 72% from the same time last year. But the San Francisco-based company lost $...
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August 07, 2019 - 3:12 am
TOKYO (AP) — Japanese technology company SoftBank Group Corp. has seen its fiscal first quarter profit nearly quadruple to 1.122 trillion yen ($10.6 billion) as its fund investments boosted income. Tokyo-based SoftBank's April-June profit the previous year had totaled 313.7 billion yen. Quarterly...
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Thomas Uhle, grow manager, tends to marijuana plants growing at GB Sciences Louisiana, in Baton Rouge, La., Tuesday, Aug. 6, 2019. Today was the first day the marijuana, which was grown for medical purposes, was processed and shipped to patients in Louisiana. (AP Photo/Gerald Herbert)
August 06, 2019 - 7:09 pm
BATON ROUGE, La. (AP) — A Marine veteran struggling with PTSD and a woman fighting cancer became some of the first people to purchase medical marijuana in Louisiana on Tuesday, as the state became the first in the Deep South to dispense therapeutic cannabis, four years after state lawmakers agreed...
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This photo provided by Novartis shows their gene therapy medicine Zolgensma. U.S. regulators want to know why Novartis didn't disclose a problem with testing data until after they approved the Swiss drugmaker’s $2.125 million gene therapy. On Tuesday, Aug. 6, 2019, the Food and Drug Administration said the questionable data involves testing of the therapy, Zologensma, on animals, not on patients. (Novartis via AP)
August 06, 2019 - 6:24 pm
TRENTON, N.J. (AP) — U.S. regulators want to know why Novartis didn't disclose a problem with testing data until after the Swiss drugmaker's $2.1 million gene therapy was approved. The Food and Drug Administration said Tuesday the manipulated data involved testing in animals, not patients, and it's...
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Traders Gregory Rowe, left, and Daniel Kryger, center, work with specialist Mario Picone on the floor of the New York Stock Exchange, Tuesday, Aug. 6, 2019. Stock markets turned higher on Tuesday as China stabilized its currency after allowing it to depreciate against the dollar in response to President Donald Trump's decision to put more tariffs on Chinese goods. (AP Photo/Richard Drew)
August 06, 2019 - 11:54 am
NEW YORK (AP) — Stocks edged higher on Wall Street Tuesday, a day after their worst loss of the year, as China eased some of the pressure in its trade war with the U.S. by stabilizing its currency. Technology stocks led the gains in a reversal of Monday's slump, when they bore the brunt of the...
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August 06, 2019 - 9:41 am
LONDON (AP) — Belfast-based consultancy BDO Northern Ireland Partners says it will oversee the administration of the shipyard that built the Titanic after the firm ran out of money. Harland and Wolff appointed BDO as administrators after its Norwegian parent company, Dolphin Drilling, failed to...
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FILE - In this July 16, 2019, file photo a pedestrian reflect in a store window at Barneys department store in New York. has filed for Chapter 11 bankruptcy protection, becoming the latest retailer unable to withstand the consumer shift to online shopping and high rents. Barneys said it’ll use the bankruptcy process to review store leases to best optimize its operations. The company also announced Tuesday, Aug. 6, that it has secured $75 million in new capital to facilitate a going concern sale process. (AP Photo/Bebeto Matthews, File)
August 06, 2019 - 7:59 am
NEW YORK (AP) — Barneys New York is filing for Chapter 11 bankruptcy protection, the latest retailer to buckle as shoppers move online and real estate costs soar. The iconic clothier founded almost a century ago will keep the doors open at its 10-story Madison Avenue store, but its secured $75...
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August 05, 2019 - 7:24 pm
LOS ANGELES (AP) — An ex-executive at dating site Tinder has sued the company and says she was sexually assaulted by its former CEO. The lawsuit filed Monday in Los Angeles Superior Court said Rosette Pambakian was fired from her job as marketing vice president after complaining about the alleged...
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In this Monday, Aug. 5, 2019 photo a Taunton Daily Gazette sign is attached to the exterior of the newspaper's offices, in Taunton, Mass. The newspaper is published by GateHouse Media New England, a division of GateHouse Media Inc. On Monday, GateHouse Media, a chain backed by an investment firm, announced that it is buying USA Today owner Gannett Co. (AP Photo/Steven Senne)
August 05, 2019 - 5:22 pm
NEW YORK (AP) — Two of the largest U.S. newspaper companies have agreed to combine for roughly $1.4 billion, creating a new industry giant that hopes to manage the crisis of print's decline through sheer size. GateHouse Media, a fast-growing chain backed by an investment firm, is buying USA Today...
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