Corporate news

October 31, 2018 - 6:58 pm
MIAMI (AP) — The former finance chief of Venezuela's state oil company pleaded guilty Wednesday to participating in an alleged $1.2 billion embezzlement scheme, a major breakthrough for U.S. prosecutors targeting corruption by people close to President Nicolas Maduro, including his stepsons...
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FILE- In this Oct. 23, 2018, file photo specialist Peter Mazza, center, and trader Michael Urkonis work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, Oct. 31. (AP Photo/Richard Drew)
October 31, 2018 - 2:22 pm
NEW YORK (AP) — Stocks are climbing for the second day in a row Wednesday at the end of a brutal month for the market. Investors are applauding strong quarterly results from companies including Facebook, General Motors and Estee Lauder. Markets also rose in Europe and Asia. The S&P 500 is on...
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October 31, 2018 - 1:56 pm
WASHINGTON (AP) — Four months after signing an executive order creating the National Council for the American Worker, President Donald Trump is set to announce that over 160 companies and organizations are pledging to provide new career opportunities for more than 6 million Americans. The White...
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FILE - In this May 14, 2013, file photo, the Department of Justice headquarters building in Washington is photographed early in the morning. The Trump administration has stepped up scrutiny of asbestos trust funds out of concern of fraud and abuse. The Justice Department worries the pots of money intended to help people exposed to the hazardous substance are being depleted by fraudulent claims _ harming victims, businesses and the government. (AP Photo/J. David Ake, File)
October 31, 2018 - 11:21 am
WASHINGTON (AP) — The Trump administration has stepped up scrutiny of asbestos trust funds, concerned that the pots of money intended to help people exposed to the hazardous substance are being depleted by fraudulent claims, harming victims, businesses and the government. The Justice Department in...
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FILE - In this April 23, 2018, file photo, the logo for General Motors appears above a trading post on the floor of the New York Stock Exchange. General Motors reports earnings Wednesday, Oct. 31. (AP Photo/Richard Drew, File)
October 31, 2018 - 8:40 am
DETROIT (AP) — Even with auto sales beginning to ebb in the U.S., China and elsewhere, General Motors posted a strong third-quarter profit, blowing past Wall Street expectations on rising prices in North America and surprising resilience in China. GM reported a $2.5 billion third-quarter net profit...
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Chinese investors monitor stock prices at a brokerage house in Beijing, Wednesday, Oct. 31, 2018. Asian markets were mostly higher on Wednesday after big American companies reported strong earnings for the third quarter, soothing fears that rising interest rates may weigh on business appetite. (AP Photo/Mark Schiefelbein)
October 31, 2018 - 5:21 am
SINGAPORE (AP) — Global markets were broadly higher on Wednesday after big American companies reported strong earnings for the third quarter, soothing fears that rising interest rates may deter corporate investment. KEEPING SCORE: In Europe, Britain's FTSE 100 rebounded 1.7 percent to 7,151.86...
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October 31, 2018 - 12:32 am
SEOUL, South Korea (AP) — Samsung Electronics Co. has posted record operating profit for the last quarter with robust demand for its mainstay memory chips compensating for a slowdown in its smartphone business. The South Korean technology giant on Wednesday said its operating profit during the July...
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Chinese investors monitor stock prices at a brokerage house in Beijing, Wednesday, Oct. 31, 2018. Asian markets were mostly higher on Wednesday after big American companies reported strong earnings for the third quarter, soothing fears that rising interest rates may weigh on business appetite. (AP Photo/Mark Schiefelbein)
October 30, 2018 - 11:14 pm
SINGAPORE (AP) — Asian markets were mostly higher on Wednesday after big American companies reported strong earnings for the third quarter, soothing fears that rising interest rates may deter corporate investment. KEEPING SCORE: Japan's Nikkei 225 index jumped 1.8 percent to 21,841.65 and the...
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University of Maryland president Wallace Loh speaks at a news conference following the board of regents' recommendation that football head coach DJ Durkin retain his job, Tuesday, Oct. 30, 2018, in Baltimore. Durkin has been on paid administrative leave since August, following the death of a player who collapsed during practice and an investigation of bullying by the Maryland coaching staff. (AP Photo/Patrick Semansky)
October 30, 2018 - 7:52 pm
BALTIMORE (AP) — DJ Durkin is poised to return as head of a splintered Maryland football program, coming back to the sideline following multiple investigations involving the death of a player and bullying by the coaching staff. Not everyone is happy about the University System of Maryland board of...
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South Korean Lee Chun-sik, a 94-year-old victim of forced labor during Japan's colonial rule of the Korean Peninsula before the end of World War II, gestures upon his arrival at the Supreme Court in Seoul, South Korea, Tuesday, Oct. 30, 2018. In a potentially far-reaching decision, South Korea's Supreme Court ruled that a Japanese steelmaker should compensate four South Koreans for forced labor during Japan's colonial rule of the Korean Peninsula before the end of World War II. (AP Photo/Lee Jin-man)
October 30, 2018 - 7:47 pm
SEOUL, South Korea (AP) — In a potentially far-reaching decision, South Korea's Supreme Court ruled that a major Japanese steelmaker should compensate four South Koreans for forced labor during Japan's colonial rule of the Korean Peninsula before the end of World War II. The long-awaited ruling,...
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