Corporate news

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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FILE - In this Tuesday, Dec. 18, 2018 file photo, Elon Musk, co-founder and chief executive officer of Tesla Inc., speaks during an unveiling event for the Boring Co. Musk will have to go to trial to defend himself for mocking a British diver as a pedophile in a verbal sparring match that unfolded last summer after the underwater rescue of youth soccer players trapped in a Thailand cave. A federal court judge in Los Angeles set an Oct. 22, 2019, trial date in a Friday, May 10, court filing that rejected Musk's attempt to dismiss a defamation lawsuit filed by British diver Vernon Unsworth. (Robyn Beck/Pool Photo via AP, File)
May 10, 2019 - 8:58 pm
LOS ANGELES (AP) — Tesla CEO Elon Musk will have to go to trial to defend himself for mocking a British diver as a pedophile in a verbal sparring match that unfolded last summer after the underwater rescue of youth soccer players trapped in a Thailand cave. A federal court judge in Los Angeles set...
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May 10, 2019 - 6:24 pm
GILLETTE, Wyo. (AP) — The nation's third-largest coal company by production volume filed for bankruptcy Friday as utility companies increasingly turn to gas-fired generation and renewable energy for electricity. Gillette-based Cloud Peak Energy filed for Chapter 11 reorganization in U.S. Bankruptcy...
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FILE - In this Jan. 28, 2019, file photo, acting Defense Secretary Pat Shanahan speaks with the media as he waits for the arrival of NATO Secretary General Jens Stoltenberg at the Pentagon in Washington. President Donald Trump on May 9, said he will nominate Shanahan to be his second secretary of defense. (AP Photo/Alex Brandon, File)
May 10, 2019 - 5:08 pm
WASHINGTON (AP) — The Pentagon is shifting $1.5 billion in funds originally targeted for support of the Afghan security forces and other projects to help pay for construction of nearly 80 miles (130 kilometers) of wall at the U.S.-Mexican border, officials said Friday. Congress was notified of the...
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Stock trader Gregory Rowe works at the New York Stock Exchange, Friday, May 10, 2019. (AP Photo/Richard Drew)
May 10, 2019 - 5:07 pm
Wall Street capped a turbulent week with a late-day rally Friday after shaking off an early slump triggered by the latest escalation in the trade war between the U.S. and China. The market fell sharply in the early going after the U.S. raised tariffs on $200 billion worth of Chinese goods when...
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Uber CEO Dara Khosrowshahi, third from left, takes a photograph as he attends the opening bell ceremony at the New York Stock Exchange, as his company makes its initial public offering, Friday, May 10, 2019. (AP Photo/Richard Drew)
May 10, 2019 - 5:05 pm
NEW YORK (AP) — After much hype leading up to the largest initial public offering in five years, Uber hit a few potholes on its first day of trading, closing down 8% and reflecting lingering doubts about its future prospects for profitability. The ride-hailing company injected investors with a dose...
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FILE - In this Sept. 13, 2018 file photo, singer Rihanna attends the 4th annual Diamond Ball at Cipriani Wall Street in New York. Rihanna is partnering with LVMH Moët Hennessy Louis Vuitton to launch a new fashion label. The pop star, born Robyn Rihanna Fenty, announced Friday, May 10, 2019, that a new line called Fenty will debut this spring and will be based in Paris. (Photo by Evan Agostini/Invision/AP, File)
May 10, 2019 - 3:49 pm
NEW YORK (AP) — Rihanna certified her status as a cultural fashion icon with her groundbreaking new deal with LVMH Moët Hennessy Louis Vuitton, the world's largest luxury group. The pop star, born Robyn Rihanna Fenty, announced Friday that she will debut a line called Fenty this spring through LVMH...
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FILE - In this Thursday, March 29, 2018, file photo, the logo for Facebook appears on screens at the Nasdaq MarketSite, in New York's Times Square. The question comes up over and over, with extremist material, hate speech, elections meddling, privacy invasions, housing discrimination. Why can’t Facebook just fix it? (AP Photo/Richard Drew, File)
May 10, 2019 - 10:18 am
SAN FRANCISCO (AP) — The question comes up over and over, with extremist material, hate speech, election meddling and privacy invasions. Why can't Facebook just fix it? It's complicated, with reasons that include Facebook's size, its business model and technical limitations, not to mention years of...
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