Corporate news

FILE - In this Sept. 23, 2015, file photo, China's Internet czar Lu Wei attends a gathering of CEOs and other executives at Microsoft's main campus in Redmond, Wash. Lu was standing trial Friday, Oct. 19, 2018 on corruption allegations, state media reported. (AP Photo/Ted S. Warren, Pool, File)
October 19, 2018 - 2:53 am
BEIJING (AP) — China's former internet censor, who once held high-profile meetings with industry leaders such as Apple chief executive Tim Cook and Facebook founder Mark Zuckerberg, was standing trial Friday on corruption allegations, state media reported. Lu Wei is accused of accepting 32 million...
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FILE - This Oct. 4, 2016, file photo shows a mockup of an American Express Platinum Card provided by the company in New York. American Express reports earnings Thursday, Oct. 18, 2018. (AP Photo/Patrick Sison, File)
October 18, 2018 - 5:40 pm
NEW YORK (AP) — American Express said its third quarter profits jumped by 22 percent from a year earlier, as the credit card giant benefited from a lower tax rate and increased spending on the company's credit cards. The New York-based company said it earned a profit of $1.65 billion, or $1.88 a...
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South Carolina Gov. Henry McMaster speaks during a roundtable discussion on economic development and the cyber industry at SRP Park in North Augusta, S.C., Wednesday, Oct. 10, 2018. (Michael Holahan/The Augusta Chronicle via AP)
October 18, 2018 - 5:29 pm
WASHINGTON (AP) — South Carolina Gov. Henry McMaster and the state's congressional delegation urged President Donald Trump on Thursday to reconsider his administration's plan to shut down a half-built nuclear fuel facility in their state. A federal appeals court last week allowed the Energy...
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October 18, 2018 - 3:33 pm
SAN FRANCISCO (AP) — Authorities say StarKist has agreed to plead guilty to price fixing as part of a broad collusion investigation of the canned tuna industry. Federal prosecutors announced the plea agreement Thursday and said the company faces a fine up to $100 million. Bumble Bee Foods last year...
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FILE- In this Oct. 11, 2018, file photo trader Peter Mazza, left, works with trader Daniel Trimble on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Oct. 18. (AP Photo/Richard Drew, File)
October 18, 2018 - 3:29 pm
NEW YORK (AP) — U.S. stocks slumped again Thursday as investors continued to sell shares of technology and internet companies, industrials, and companies that rely on consumer spending. Several industrial companies tumbled after releasing weak quarterly reports, and European stocks also fell as...
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FILE- This Aug. 23, 2018, file photo shows Movie Pass debit cards and used movie tickets in New York. The company that runs the beleaguered MoviePass, a discount service for movie tickets at theaters, is being investigated by the New York Attorney General on allegations it misled investors. (AP Photo/Richard Drew, File)
October 18, 2018 - 1:44 pm
NEW YORK (AP) — The company that runs the beleaguered MoviePass discount service for movie tickets is being investigated by the New York Attorney General on allegations that it misled investors. Parent company Helios and Matheson of New York said in a prepared statement that it is aware of the...
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Boxer Canelo Alvarez poses for photos at Madison Square Garden in New York, Wednesday, Oct. 17, 2018. He will meet Rocky Fielding in a 12-round, super middleweight bout Dec. 15, 2018. (AP Photo/Richard Drew)
October 17, 2018 - 5:09 pm
NEW YORK (AP) — Canelo Alvarez is boxing's new $365 million man. Alvarez has signed an 11-fight deal that his promotional company says is the richest athlete contract in sports history, guaranteeing the Mexican middleweight champion at least that much money to have his fights shown on the sports-...
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Turkmenistan's President Gurbanguly Berdymukhamedov applauds as he attends an opening ceremony of a chemical plant that cost $3.4 billion to build, its latest effort to diversity its gas-dependent economy, in Kiyanly, Turkmenistan, Wednesday, Oct. 17, 2018. The Turkmen government took on 15 percent of the plant's financing with the rest of the investments coming from Japan's Toyo Engineering and South Korea's LG International and Hyundai Engineering. (AP Photo/Alexander Vershinin)
October 17, 2018 - 12:28 pm
KIYANLY, Turkmenistan (AP) — The Central Asian nation of Turkmenistan has opened a chemical plant that cost $3.4 billion to build, its latest effort to diversity its gas-dependent economy. Turkmenistan is home to one of the world's largest natural gas deposits, and the new plant on the shores of...
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A currency trader works at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, Oct. 17, 2018. Asian markets rose on Wednesday, bolstered by robust U.S. corporate earnings and encouraging. (AP Photo/Ahn Young-joon)
October 17, 2018 - 6:39 am
SINGAPORE (AP) — Stock markets stabilized Wednesday after a rally inspired by strong corporate earnings, with investors also monitoring talks on Britain's exit from the European Union. KEEPING SCORE: France's CAC 40 added 0.2 percent to 5,183.04 and Britain's FTSE 100 rose 0.3 percent to 7,078.53...
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FILE- In this Oct. 11, 2018, file photo trader Thomas Ferrigno works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, Oct. 16. (AP Photo/Richard Drew, File)
October 16, 2018 - 12:11 pm
NEW YORK (AP) — World stock markets are turning higher again Tuesday, helped by strong earnings reports from major U.S. companies in finance and health care. Technology companies are also rising after their recent slump, and the S&P 500 index is on track for its biggest gain since early April...
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