Corporate news

A worker in overalls screen for fever at the entrance to a supermarket in Beijing Thursday, Feb. 27, 2020. South Korea and China each reported hundreds more virus cases Thursday as the new illness persists in the worst-hit areas and spreads beyond borders. (AP Photo/Ng Han Guan)
February 27, 2020 - 4:49 am
BEIJING (AP) — Small, mostly private companies that are the engine of China’s economy are back to operating at one-third of normal levels after anti-virus controls shut factories, shops and restaurants, regulators said Thursday, and they promised more low-cost loans and other aid. The ruling...
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People walk past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Thursday, Feb. 27, 2020. Shares fell in Asia on Thursday after President Donald Trump announced the U.S. was stepping up its efforts to combat the virus outbreak that began in China. (AP Photo/Kin Cheung)
February 26, 2020 - 10:54 pm
Shares fell in Asia on Thursday after President Donald Trump announced the U.S. was stepping up its efforts to combat the virus outbreak that began in China. Japan's Nikkei 225 index lost 2.1% to 21,951.78, while in Australia, the S&P ASX/200 dropped 0.8% to 6,653.50. In South Korea, where 334...
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Officials wearing protective attire work to diagnose people with suspected symptoms of the new coronavirus at a hospital in Daegu, South Korea, Wednesday, Feb. 26, 2020. The number of new virus infections in South Korea jumped again Wednesday and the U.S. military reported its first case among its soldiers based in the Asian country, with his case and many others connected to a southeastern city with an illness cluster. A sign reads "Emergency Medical Center." (Kim Hyun-tae/Yonhap via AP)
February 26, 2020 - 5:08 pm
Delta Air Lines is reducing flights to South Korea while Hawaiian Airlines will suspend them entirely, as airlines deal with growing concern about the spread of the new virus beyond China. Delta said Wednesday that it will suspend flights between Seoul and Minneapolis after Saturday and running...
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A fire burns after an explosion at the Marathon Refinery in Carson on Tuesday, Feb. 25, 2020. (Scott Varley/The Orange County Register via AP)
February 26, 2020 - 5:02 pm
CARSON, Calif. (AP) — The cause of an explosion and fire at the largest oil refinery on the West Coast was under investigation Wednesday as air quality authorities conducted laboratory testing to determine whether toxic gases were released. No one was injured and there were no immediate indications...
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FILE- In this Feb. 23, 2018, file photo sales associate Bob Henriques, of Framingham, Mass., moves items at a Lowe's retail home improvement and appliance store, in Framingham. Lowe's Cos. delivered weaker-than-expected sales for the fiscal fourth quarter and offered an annual forecast that came below Wall Street expectations. The report, issued Wednesday, Feb. 26, 2020, sent shares down in early morning trading. (AP Photo/Steven Senne, File)
February 26, 2020 - 3:35 pm
NEW YORK (AP) — Lowe's Cos. on Wednesday reported weaker-than-expected sales for its fiscal fourth quarter and offered an annual forecast that came below Wall Street expectations. During a call with analysts, Lowe's CEO Marvin Ellison blamed the sales shortfall on the timing of its marketing...
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FILE- In this July 1, 2013 file photo, is the exterior of the Mallinckrodt Pharmaceuticals office in St. Louis. The generic drugmaker Mallinckrodt has a tentative $1.6 billion deal to settle lawsuits over its role in the U.S. opioid crisis, it announced Tuesday, Feb. 25, 2020. The deal is intended to end hundreds of lawsuits faced by the company over opioids. (Whitney Curtis/AP Images for Mallinckrodt, File)
February 26, 2020 - 6:00 am
Mallinckrodt Pharmaceuticals doled out lavish perks for top U.S. employees who hit or beat sales goals for prescription opioids and other drugs: six-figure bonuses and a chance to snag a coveted “President's Club” award, which could mean vacations to Hawaii, the Caribbean or Mexico. The company...
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FILE - In this Jan. 4, 2017, file photo, two men are silhouetted against the Panasonic sign at CES International, in Las Vegas. Japanese electronics maker Panasonic declined to comment on reports Wednesday, Feb. 26, 2020, that it is planning to end its partnership with Tesla to produce solar panels at a factory in New York state.(AP Photo/Jae C. Hong, File)
February 26, 2020 - 1:03 am
TOKYO (AP) — Japanese electronics maker Panasonic declined to comment on reports Wednesday that it is planning to end its partnership with Tesla to produce solar panels at a factory in New York state. The Japanese business daily Nikkei and other media reported, citing unnamed sources, that...
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In this Tuesday, Feb. 25, 2020, photo, Jason Meek, whose Northern California wine country home was destroyed in 2017, stands in the driveway and looks out at the remains of his home in Santa Rosa, Calif. A $13.5 billion settlement between victims, including Meek, of California's catastrophic wildfires and Pacific Gas & Electric was supposed to bring some peace and hope to people still reeling from the devastation. Instead, it has sparked confusion, resentment, suspicion and despair as the victims, government agencies, and lawyers grapple for their piece of the settlement fund. (AP Photo/Eric Risberg)
February 26, 2020 - 12:05 am
SAN FRANCISCO (AP) — A $13.5 billion settlement between victims of California's catastrophic wildfires and the utility blamed for causing them was supposed to bring some peace and hope to people still reeling from the devastation. Instead, the deal has sparked confusion, resentment, suspicion and...
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FILE - In this March 2, 2014, file photo, Peter Nygard attends the 24th Night of 100 Stars Oscars Viewing Gala at The Beverly Hills Hotel in Beverly Hills, Calif. Federal authorities on Tuesday, Feb. 25, 2020, raided the Manhattan headquarters of the Canadian fashion mogul Peter Nygard amid claims that he sexually assaulted and trafficked dozens of teenage girls and young women. (Photo by Annie I. Bang /Invision/AP, File)
February 25, 2020 - 9:17 pm
NEW YORK (AP) — Federal authorities raided the Manhattan headquarters of the Canadian fashion mogul Peter Nygard, a search that came amid claims he trafficked and sexually assaulted dozens of teenage girls and women. The FBI searched the designer's Times Square offices Tuesday less than two weeks...
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In this Feb. 20, 2020, photo, items from H&M’s new street wear collection are displayed at a store in New York. The collection was designed in collaboration with Ruth Carter, the Academy-Award winning designer behind the costumes for films such as “Black Panther” and “Malcolm X." It debuted as more companies and brands are getting into the business of Black History Month but also trying not to leave the impression that African American consumers are important just once a year. (AP Photo/Richard Drew)
February 25, 2020 - 5:36 pm
NEW YORK (AP) — From shoes and T-shirts to dolls and tote bags, more companies and brands are getting into the business of Black History Month but trying not to leave the impression that African American consumers are important just once a year. Some businesses are using February to show off the...
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