Corporate news

July 11, 2020 - 11:48 am
OxyContin maker Purdue Pharma should not be able to make any more political contributions without a judge's permission, lawyers for its creditors said in a court filing. The issue came up this week after it was reported that the company, which has a long history of influencing policymakers, made...
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July 10, 2020 - 1:48 pm
WASHINGTON (AP) — The Federal Reserve said Friday that it purchased $1.3 billion in corporate bonds in late June as part of its effort to keep U.S. interest rates low and ensure large companies can borrow by selling bonds. The Fed bought bonds issued by several hundred large companies, including AT...
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Chief Yeoman Warder Peter McGowran, right, speaks on a radio flanked by Yeoman Gaoler Jim Duncan as they stand next to the gates at the main entrance before opening to visitors at the Tower of London, in London, Friday, July 10, 2020. The Tower of London reopened to visitors Friday as the British government continues to relax its coronavirus restrictions. (AP Photo/Matt Dunham)
July 10, 2020 - 12:56 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the national and global response, the work place and the spread of the virus. ________________________ RETAIL: — Clothing company Express has reopened about...
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FILE - In this March 16, 2020, file photo, a patient receives a shot in the first-stage safety study clinical trial of a potential vaccine for COVID-19, the disease caused by the new coronavirus, at the Kaiser Permanente Washington Health Research Institute in Seattle. When precious vats of COVID-19 vaccine are finally ready, the ability to jab the lifesaving solution into the arms of Americans will require hundreds of millions of injections. (AP Photo/Ted S. Warren, File)
July 10, 2020 - 11:21 am
When precious vats of COVID-19 vaccine are finally ready, jabbing the lifesaving solution into the arms of Americans will require hundreds of millions of injections. As part of its strategy to administer the vaccine as quickly as possible, the Trump administration has agreed to invest more than...
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FILE - In this Oct. 13, 2019, file photo, Illinois Gov. J.B. Pritzker, left, talks with RJ Scaringe, CEO of Rivian Automotive, about the company's innovative electric vehicle chassis called a "skateboard" during Rivian's public rollout of its new prototype vehicles in Normal, Ill. Electric vehicle startup Rivian says it has raised another $2.5 billion in funding from accounts advised by investment firm T. Rowe Price. The company has a contract with Amazon to build 100,000 electric delivery vans starting next year at its factory, a former Mitsubishi plant in Normal, Ill. (David Proeber/The Pantagraph via AP, File)
July 10, 2020 - 10:04 am
DETROIT (AP) — Electric vehicle startup Rivian says it has raised another $2.5 billion in funding from accounts advised by investment firm T. Rowe Price. The company has a contract with Amazon to build 100,000 electric delivery vans starting next year at its factory, a former Mitsubishi plant in...
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A customer wears a face mask to help curb the spread of the new coronavirus as he walks behind sales advertisements at a shopping mall in Bangkok Thursday, July 9, 2020. Daily life in the capital slowly returns to normal as Thai government has eased restrictions imposed weeks ago to combat the spread of COVID-19. (AP Photo/Sakchai Lalit)
July 09, 2020 - 6:24 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to the national and global response, the work place and the spread of the virus. ________________________ RETAIL: — Bed Bath & Beyond plans to close...
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July 09, 2020 - 4:00 pm
PHOENIX (AP) — A national organization is announcing a $10 million campaign to turn out Hispanic voters in several of this year's battleground states. Mi Familia Vota, based in Phoenix, said it will spend $7 million on get-out-the-vote measures and an additional $3 million on digital and television...
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FILE - In this June 30, 2020, file photo Democratic presidential candidate, former Vice President Joe Biden speaks at Alexis Dupont High School in Wilmington, Del. (AP Photo/Patrick Semansky)
July 09, 2020 - 12:04 pm
DUNMORE, Pa. (AP) — Launching an economic pitch expected to anchor his fall presidential campaign, Democratic candidate Joe Biden is proposing using the federal government’s regulatory and spending power to bolster U.S. manufacturing and technology firms. Biden calls for a $400 billion, four-year...
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FILE -In this June 16, 2020 file photo, a sign for a Wall Street building is shown in New York. Earnings reporting season is about to get underway for big companies, and the forecasts are grim. Wall Street expects S&P 500 companies to report profits plunged by the most since the depths of the Great Recession during the second quarter. Earnings reports tend to matter deeply to investors because stock prices track the path of earnings over the long term. (AP Photo/Mark Lennihan, File)
July 09, 2020 - 9:28 am
NEW YORK (AP) — Like that last roll of ultra-thin toilet paper left on the shelves or the latest Star Wars movies, it’s tough to be disappointed in something when expectations were low to begin with. That’s how Wall Street is approaching the upcoming earnings season for companies. CEOs across the...
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A worker walks past a freshly-dug graves at the Honingnestkrans Cemetery, North of Pretoria, South Africa, Thursday, July 9, 2020. The Africa Centers for Disease Control and Prevention says the coronavirus pandemic on the continent is reaching "full speed" after cases surpassed a half-million and a South African official said a single province is preparing 1.5 million grave. (AP Photo/Shiraaz Mohamed)
July 09, 2020 - 9:23 am
JOHANNESBURG (AP) — The COVID-19 pandemic in Africa is reaching “full speed,” the Africa Centers for Disease Control and Prevention chief said Thursday, while a South African official said a single province is preparing 1.5 million graves. Just a day after confirmed coronavirus cases across Africa...
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