Corporate news

August 14, 2018 - 4:40 pm
NEW YORK (AP) — Kroger will start to sell some of its products to Chinese shoppers through a website owned by internet giant Alibaba, the latest move by the supermarket chain to boost its digital business. Cincinnati-based Kroger is working to catch up with Walmart and with Amazon.com, which bought...
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August 14, 2018 - 4:38 pm
OMAHA, Neb. (AP) — Investor Warren Buffett's company added to its stakes in Apple and Israeli drugmaker Teva Pharmaceuticals in the second quarter while tweaking several of its other stock investments. Berkshire Hathaway Inc. filed an update on its U.S. stock portfolio with the Securities and...
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August 14, 2018 - 12:39 pm
SANTA ANA, Calif. (AP) — The chief executive of a California check cashing business pleaded guilty Monday to helping smuggle rifle parts and other military equipment to rebels in his native Syria. Rasheed Al Jijakli, 57, was arrested last year and charged in federal court with violating U.S. laws...
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August 14, 2018 - 12:36 pm
NEW YORK (AP) — The founders of the dating app Tinder, along with current executives and some of its employees, have filed a lawsuit against IAC/InterActiveCorp and its Match Group subsidiary for allegedly manipulating financial information, hurting Tinder's valuation and unlawfully getting rid of...
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FILE - In this Aug. 1, 2017, file photo, store greeter Danny Olivar, right, lends a hand to a customer to heft an air conditioning unit from a rapidly declining stock at a Home Depot store ahead of an expected heat wave in Seattle. The Home Depot Inc. reports earnings Tuesday, Aug. 14, 2018. (AP Photo/Elaine Thompson, File)
August 14, 2018 - 6:02 am
ATLANTA (AP) — Home Depot handily beat expectations during the second quarter, bouncing back from a slow start to the year when terrible weather cooled construction projects. The world's biggest home improvement retailer boosted its full-year profit and revenue forecasts Tuesday. Higher mortgage...
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South Korean Minister of Land Infrastructure and Transport, Kim Hyun-mee, center, speaks at a press conference at the government complex in Seoul, South Korea, Tuesday, Aug. 14, 2018. South Korea will ban driving recalled BMWs that haven't received safety checks following dozens of fires the German automaker has blamed on a faulty exhaust gas component. (Kim Seung-doo/Yonhap via AP)
August 14, 2018 - 4:10 am
SEOUL, South Korea (AP) — South Korea will ban driving recalled BMWs that haven't received safety checks following dozens of fires the German automaker has blamed on a faulty exhaust gas component. South Korea's Ministry of Land, Infrastructure and Transport said Tuesday the ban taking effect...
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Members of the defense team for Paul Manafort, including Kevin Downing, left, Richard Westling, and Thomas Zehnle, walk to federal court as the trial of the former Trump campaign chairman continues, in Alexandria, Va., Monday, Aug. 13, 2018. The prosecution is expected to rest its case in the fraud trial. (AP Photo/Jacquelyn Martin)
August 13, 2018 - 9:27 pm
ALEXANDRIA, Va. (AP) — Prosecutors on Monday rested their tax evasion and bank fraud case in the trial of former Trump campaign chairman Paul Manafort, closing two weeks of testimony that depicted him as using millions of dollars hidden in offshore accounts to fund a luxurious lifestyle — and later...
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President Donald Trump signs the John McCain National Defense Authorization Act for the Fiscal Year 2019, during a signing ceremony Monday, Aug. 13, 2018, in Fort Drum, N.Y. (AP Photo/Hans Pennink)
August 13, 2018 - 5:39 pm
FORT DRUM, N.Y. (AP) — President Donald Trump on Monday signed a $716 billion defense policy bill named for John McCain but included no mention in his remarks of the Republican senator, who is battling brain cancer at home in Arizona. Trump and McCain are engaged in a long-running feud that dates...
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In this Aug. 9, 2018 photo, provided by Nate McMurray for Congress, Nate McMurray, the Democrat who is running in the 27th Congressional District, speaks to supporters in Rochester, N.Y., the day after his opponent, U.S. Rep. Christopher Collins, R-N.Y., was arrested on insider trading charges. On Saturday, Aug. 11, 2018, Collins said he would end his re-election bid, while McMurray called on Collins to resign. (Nate McMurray for Congress via AP)
August 13, 2018 - 4:56 pm
ALBANY, N.Y. (AP) — Republicans may have to nominate U.S. Rep. Chris Collins for another political office in order to strip his name from the November ballot after the three-term conservative lawmaker dropped his re-election bid following insider trading charges. The odd move may be necessitated by...
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FILE- In this June 14, 2018, file photo Tesla CEO and founder of the Boring Company Elon Musk speaks at a news conference in Chicago. Musk says he's in talks with the Saudi Arabian sovereign wealth fund about taking the electric car and solar panel maker private, but no deal has been finalized. Musk says in a blog posted Monday, Aug. 13, that most of the funding would be in stock rather than debt. (AP Photo/Kiichiro Sato, File)
August 13, 2018 - 12:45 pm
DETROIT (AP) — Saudi Arabia's sovereign wealth fund would be the main source of money for Tesla CEO Elon Musk's grand plan to take the company private, but the deal isn't done yet, Musk disclosed in a blog on Monday. The fund approached Musk about going private multiple times during the past two...
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