Corporate news

May 08, 2020 - 10:27 pm
The resurrection of Kyle Larson's career began with a 25-hour drive from California to Iowa for a $15,000-to-win World of Outlaws race. Larson hitched a ride with the team that fielded a car for him Friday night at Knoxville Raceway. It's a total reset for a driver who less than a month ago was the...
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FILE - In this Saturday, March 14, 2020 file photo, health officials inspect bats to be confiscated and culled in the wake of coronavirus outbreak at a live animal market in Solo, Central Java, Indonesia. The World Health Organization said Friday May 8, 2020, that although a market in the Chinese city of Wuhan selling live animals likely played a significant role in the emergence of the new coronavirus, it does not recommend that such live markets be shut down globally. (AP Photo, File)
May 08, 2020 - 10:50 am
LONDON (AP) — The World Health Organization said Friday that although a market in the Chinese city of Wuhan selling live animals likely played a significant role in the emergence of the new coronavirus, it does not recommend that such markets be shut down globally. In a press briefing, WHO food...
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Children receive treatment at a hospital following a chemical gas leak in Vishakhapatnam, India, Friday, May 8, 2020. Indian authorities evacuated more people from villages near a South Korean-owned chemical factory where a gas leak killed 12 people and left about 1,000 struggling to breathe. Authorities said the evacuation was precautionary, but it triggered panic among people overnight that another gas leak was occurring. (AP Photo)
May 08, 2020 - 10:41 am
HYDERABAD, India (AP) — Indian police on Friday filed charges of culpable homicide, including negligence in handling toxic substances, against a South Korean-owned chemical factory where a gas leak killed 12 people and sickened more than a thousand. The chemical styrene, used to make plastic and...
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A member of staff works on an absorber, a part of a medical ventilator, at AMRC Cymru in North Wales as the UK ramps up production of equipment in the fight against coronavirus or COVID-19, Broughton North Wales, Thursday April 30, 2020. Working as part of the Ventilator Challenge UK consortium, over 550 Airbus and Siemens employees at the site are working around the clock to produce at least 15,000 ventilators for the National Health Service, making this location the single largest site as part of the consortium which currently has around 3,000 people working across various sites across the country. ( AP Photo/Jon Super)
May 08, 2020 - 4:21 am
FRANKFURT, Germany (AP) — Siemens AG, maker of trains, power generators and medical scanners, saw net profit sag during the most recent quarter due to the virus outbreak. The company abandoned its business forecast for the year, saying it expected the downturn to bottom out in the current quarter...
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Family members watch Carmen Antillon receives her Tupelo High School diploma from Tupelo High School 12th grade Assistant Principal L.V. McNeal during a graduation ceremony at Milam Elementary School, Wednesday, May 6, 2020, in Tupelo Miss. The school district divided up the graduation ceremony to five different locations over three days with no more than four guests in attendance. (Thomas Wells/The Northeast Mississippi Daily Journal via AP)
May 07, 2020 - 9:52 pm
Many governors across the U.S. are disregarding or creatively interpreting White House guidelines for safely easing restrictions and letting businesses reopen amid the coronavirus pandemic, an Associated Press analysis found. The AP determined that 17 states did not meet a key benchmark set by the...
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A closed Neiman Marcus store is seen at the Garden State Plaza mall in Paramus, N.J., Thursday, May 7, 2020. Neiman Marcus filed for Chapter 11 bankruptcy protection, sounding an ominous note for department stores during the pandemic. (AP Photo/Seth Wenig)
May 07, 2020 - 3:50 pm
NEW YORK (AP) — Neiman Marcus has filed for Chapter 11 bankruptcy protection, the first department store chain and second major retailer to be toppled by the coronavirus pandemic. The move by the 112-year-old storied luxury department store chain was announced Thursday and follows the bankruptcy...
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May 07, 2020 - 12:30 pm
RALEIGH, N.C. (AP) — A Republican fundraiser and prolific political donor from North Carolina will be the next postmaster general. Louis DeJoy of Greensboro, a close ally of President Donald Trump, was the unanimous pick of the U.S. Postal Service's Board of Governors, which made the announcement...
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Workers wearing protective outfits sanitize a shop in via Monte Napoleone fashion shopping street, in Milan, Italy, Monday, April 27, 2020. Italian factories, construction sites and wholesale supply businesses can resume activity as soon as they put safety measures into place aimed at containing contagion with COVID-19. This concession comes with partial easing of national lockdown restrictions announced Sunday night by Italian Premier Giuseppe Conte. (Claudio Furlan/LaPresse via AP)
May 07, 2020 - 8:13 am
SOAVE, Italy (AP) — The global luxury goods sector is heading for a stunning collapse of up to 35% this year due to coronavirus lockdowns, according to a new study by the Bain consultancy published Thursday. Bain Partner Claudia D’ Arpizio said it would take two to three years to return to 2019...
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May 07, 2020 - 4:18 am
BERLIN (AP) — Industrial production in Germany, Europe's biggest economy, dropped 9.2% in March compared with the previous month as shutdowns around the continent and elsewhere started to bite, official data showed Thursday. The figures reported by the Economy Ministry came a day after data showing...
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In this Jan. 23, 2020, photo, a Nintendo sign is seen at the company's official store in the Shibuya district of Tokyo, Thursday, Jan. 23, 2020. Japanese video-game maker Nintendo Co. has scored a 33% jump in annual profit as people stuck at home during the coronavirus pandemic turn to playing games. (AP Photo/Jae C. Hong)
May 07, 2020 - 3:40 am
TOKYO (AP) — Japanese video-game maker Nintendo Co. scored a 33% jump in annual profit, as people stuck at home turn to playing games. Kyoto-based Nintendo, which did not break down quarterly numbers, said Thursday its sales for the fiscal year through March rose 9% from the year before to 1.3...
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