Corporate news

FILE - In this Jan. 16, 2018 file photo, the General Electric logo is displayed at the top of their Global Operations Center, in the Banks development of downtown Cincinnati. General Electric Co. reports earnings Tuesday, Oct. 30. (AP Photo/John Minchillo, File)
October 30, 2018 - 12:32 pm
General Electric slashed its quarterly dividend and announced it will restructure its power business, as the industrial conglomerate struggles with sagging profits and a spate of bad news. The company announced a $22 billion charge in its power division and swung to a third-quarter loss that was...
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FILE- This Dec. 4, 2017, file photo shows a tablet of Pfizer's Viagra, left, and the company's generic version, sildenafil citrate, at Pfizer Inc., headquarters in New York. Pfizer Inc. reports earnings Tuesday, Oct. 30, 2018. (AP Photo/Richard Drew, File)
October 30, 2018 - 8:32 am
Pfizer posted a 45 percent jump in third-quarter profit, as it benefited from sharply lower taxes due to this year's federal tax cut and slightly higher revenue. The maker of Viagra and nerve pain treatment Lyrica on Tuesday reported net income of $4.11 billion, or 69 cents per share. Adjusted for...
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FILE - In this Dec. 9, 2009, file photo, Dasani bottled water owned by Coca-Cola sits on the shelf in Montpelier, Vt. Strong sales of water and sugar-free drinks powered third-quarter earnings for Coca-Cola Co reported Tuesday, Oct. 30, 2018. AP Photo/Toby Talbot, File)
October 30, 2018 - 8:20 am
ATLANTA (AP) — Strong sales of water and sugar-free drinks powered third-quarter earnings for Coca-Cola Co. Sales of water and sports drinks jumped 5 percent in the July-September period, with particularly strong growth in China and Mexico. Coke says it will launch sales of its smartwater brand in...
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October 29, 2018 - 5:09 am
LONDON (AP) — Shares in HSBC are rallying after Europe's biggest bank posted a 32 percent increase in third-quarter earnings. The London-based bank, which gets most of its profit from Asia, said net income advanced to $3.90 billion from $2.96 billion in the same quarter last year. HSBC shares rose...
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October 28, 2018 - 12:24 pm
DETROIT (AP) — The U.S. government is investigating German automaker Mercedes-Benz, alleging that is has been slow to mail safety recall notices and file required reports involving recalls of over 1.4 million vehicles. The National Highway Traffic Safety Administration says in documents that a...
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CAPTION CORRECTS THE DATE - Aktivist attend a protest march against the plans to clearing and grubbing the Hambach Forest for an open-pit lignite mine, near the city of Dueren, Germany, Saturday, Oct. 27, 2018. The second sentence on the poster reads: 'Humbi stay'. (David Young/dpa via AP)
October 27, 2018 - 6:49 am
BERLIN (AP) — Protesters in western Germany are demonstrating against a large strip coal mine that wants to expand into an ancient forest, with some activists occupying a coal excavator at the site. The Hambach mine has become a cause celebre for environmentalists amid plans to clear part of...
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Trader Jonathan Mueller works in his booth on the floor of the New York Stock Exchange, Friday, Oct. 26, 2018. Stocks are opening broadly lower on Wall Street, a day after a massive surge, as a number of big companies reported disappointing results. (AP Photo/Richard Drew)
October 26, 2018 - 3:38 pm
Stocks are back in the red for the year after another wave of selling hit Wall Street Friday. The latest plunge came at the end of an unusually turbulent week of trading that had one huge gain sandwiched between massive losses. A three-week slide has left the benchmark S&P 500 index on track...
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October 26, 2018 - 4:09 am
MILAN (AP) — Italian oil and gas producer Eni said its third-quarter profits tripled as oil prices hit the highest levels in four years. Eni, which is about one-third government-owned, made net income of 1.53 billion euros ($1.74 billion), compared with 344 million euros a year earlier. The company...
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President Donald Trump talks about drug prices during a visit to the Department of Health and Human Services in Washington, Thursday, Oct. 25, 2018. (AP Photo/Susan Walsh)
October 26, 2018 - 12:13 am
WASHINGTON (AP) — Less than two weeks before the midterm elections, President Donald Trump has announced a plan to lower prices for some prescription drugs, saying it would stop unfair practices that force Americans to pay much more than people in other countries for the same medications. "We are...
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October 25, 2018 - 8:18 pm
WASHINGTON (AP) — The United States imposed sanctions Thursday on the Singapore-based director of a commodities company accused of laundering money for North Korea through the U.S. financial system. The Department of Justice also unsealed criminal charges against the person, Tan Wee Beng, accusing...
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