Corporate news

FILE - In this March 5, 2019, file photo, cargo containers are staged near cranes at the Port of Tacoma, in Tacoma, Wash. China has announced tariff hikes on $60 billion of U.S. goods in retaliation for President Donald Trump's escalation of a fight over technology and other trade disputes. The Finance Ministry said Monday, May 13, the penalty duties of 5% to 25% on hundreds of U.S. products including batteries, spinach and coffee take effect June 1. (AP Photo/Ted S. Warren, File)
May 13, 2019 - 9:35 pm
BEIJING (AP) — Sending Wall Street into a slide, China announced higher tariffs Monday on $60 billion worth of American goods in retaliation for President Donald Trump's latest penalties on Chinese products. Duties of 5% to 25% will take effect on June 1 on about 5,200 American products, including...
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FILE - In this Monday, Oct. 9, 2017, file photo, Peter Gelb, the general manager of the Metropolitan Opera, speaks to the media during a joint news conference with Bolshoi Theater director Vladimir Urin at the Bolshoi Theater in Moscow, Russia. The Metropolitan Opera's percentage of box office revenue rose slightly during the season that ended Saturday, May 11, 2019, giving Gelb hope the company's finances have rebounded. (AP Photo/Alexander Zemlianichenko, File)
May 13, 2019 - 6:56 pm
NEW YORK (AP) — The Metropolitan Opera's percentage of box office revenue rose slightly this season, giving general manager Peter Gelb hope the company's finances have rebounded. Gelb said the season that ended Saturday saw 69 percent of box office revenue capacity realized, up from 67 percent in...
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May 13, 2019 - 6:36 pm
NEW YORK (AP) — A businessman described by prosecutors as the "gravitational center" of a conspiracy to bribe New York police officers in one of the worst scandals to hit the department in recent decades was sentenced to four years in prison Monday. Jeremy Reichberg, 45, was also fined $50,000 for...
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FILE - In this May 9, 2019, file photo trader Jonathan Corpina works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, May 13. (AP Photo/Richard Drew, File)
May 13, 2019 - 5:31 pm
The Dow Jones Industrial Average plunged more than 600 points Monday as investors sought shelter from an escalating trade war between the U.S. and China. The selling was widespread and heavy, handing the benchmark S&P 500 index its biggest loss since January. The sell-off extended the market's...
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May 13, 2019 - 4:04 pm
MOSCOW (AP) — A Ukrainian court has rejected an appeal of a lower court ruling that said the nationalization of the country's largest commercial bank had been illegal. Ukraine's central bank requested the appeal refused Monday. The National Bank of Ukraine said it would ask a higher appeals court...
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FILE- In this Aug. 3, 2017, file photo, packages ride on a conveyor system at an Amazon fulfillment center in Baltimore. Amazon, which is racing to deliver packages faster, is turning to its employees with a proposition: Quit your job and we’ll help you start a business delivering Amazon package. The offer, announced Monday, May 13, 2019, comes as Amazon seeks to speed up its shipping time from two days to one for its Prime members. (AP Photo/Patrick Semansky, File)
May 13, 2019 - 12:14 pm
NEW YORK (AP) — Amazon, which is racing to deliver packages faster, is turning to its employees with a proposition: Quit your job and we'll help you start a business delivering Amazon packages. The offer, announced Monday, comes as Amazon seeks to speed up its shipping time from two days to one for...
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Uber CEO Dara Khosrowshahi, left, talks with specialist Peter Giacchi before his stock begins trading at the New York Stock Exchange, as his company makes its initial public offering, Friday, May 10, 2019. (AP Photo/Richard Drew)
May 13, 2019 - 10:03 am
NEW YORK (AP) — Uber shares were down 8% in morning trading and dipped below $38 after the opening bell. Monday was the first full day of trading for the ride-hailing company after its rocky debut on the stock market Friday. Its shares had been priced at $45 each. It's rare to see shares in a tech...
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FILE - This July 6, 2017 file photo shows prescription drugs in a glass flask at the state crime lab in Taylorsville, Utah. Attorneys general from more than 40 states are alleging the nation's largest generic drug manufacturers conspired to artificially inflate and manipulate prices for more than 100 different generic drugs, including treatments for diabetes, cancer, arthritis and other medical conditions. The lawsuit, filed in federal court Friday, May 10, 2019 also names 15 individual senior executives responsible for sales, marketing and pricing. (AP Photo/Rick Bowmer, File)
May 11, 2019 - 3:13 pm
BOSTON (AP) — Attorneys general from more than 40 states are alleging the nation's largest generic drug manufacturers conspired to artificially inflate and manipulate prices for more than 100 different generic drugs, including treatments for diabetes, cancer, arthritis and other medical conditions...
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May 11, 2019 - 10:05 am
SAN FRANCISCO (AP) — A fare war between Uber and Lyft has led to billions of dollars in losses for both ride-hailing companies as they fight for passengers and drivers. But in one way it has been good for investors who snatched up the newly public companies' stock: The losses have scared off the...
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FILE - In this April 17, 2019 file photo, people wait in line to buy chicken at a government-run grocery store in Havana, Cuba. The Cuban government said Friday, May 10, that it will begin widespread rationing of chicken, eggs, rice, beans, soap and other basic products in the face of a grave economic crisis. (AP Photo/Ramon Espinosa, File)
May 10, 2019 - 10:41 pm
HAVANA (AP) — The Cuban government announced Friday that it is launching widespread rationing of chicken, eggs, rice, beans, soap and other basic products in the face of a grave economic crisis. Commerce Minister Betsy Díaz Velázquez told the state-run Cuban News Agency that various forms of...
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