Corporate news

FILE - In this June 26, 2018, file photo the General Electric logo appears above a trading post on the floor of the New York Stock Exchange. General Electric’s stock is tanking after a report which claims the company has been misleading investors. Investigator Harry Markopolos accused GE Thursday, Aug. 15, of engaging in accounting fraud worth $38 billion. He said GE is heading for bankruptcy and is hiding $29 billion in long-term care losses. (AP Photo/Richard Drew, File)
August 15, 2019 - 3:17 pm
NEW YORK (AP) — A whistleblower who warned regulators about Bernard Madoff's Ponzi scheme is now accusing General Electric of misleading investors, sending the company's stock on a downward spiral. Investigator Harry Markopolos accused GE on Thursday of engaging in accounting fraud worth $38...
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FILE - In this April 24, 2019, file photo a Walmart associate works at a Walmart Neighborhood Market in Levittown, N.Y. Walmart Inc. reports financial results Thursday, Aug. 15. (AP Photo/Mark Lennihan, File)
August 15, 2019 - 9:46 am
NEW YORK (AP) — Walmart offered a dose of optimism amid growing concerns over weakening economic growth by raising its annual outlook after a strong second quarter. Sales at stores opened at least a year rose 2.8%, its 20th consecutive quarter in the right direction as the world's largest retailer...
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FILE - In this July 28, 2019, file photo unsold 2019 Lincoln Navigators sit at a dealership in Englewood, Colo. On Thursday, Aug. 15, the Commerce Department releases U.S. retail sales data for July. (AP Photo/David Zalubowski, File)
August 15, 2019 - 9:41 am
WASHINGTON (AP) — Americans spent more at retail stores and restaurants in July, a sign that concerns over weakening economic growth and a persistent trade war that have roiled financial markets have yet to dampen consumer confidence. Retail sales rose a healthy 0.7% last month after a 0.3% gain in...
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FILE - In this June 24, 2019, file photo Ford's employees work on a Lincoln Aviator line at Ford's Chicago Assembly Plant in Chicago's Hegewisch neighborhood. On Thursday, Aug. 15, the Federal Reserve reports on U.S. industrial production for July. (AP Photo/Amr Alfiky, File)
August 15, 2019 - 8:28 am
WASHINGTON (AP) — U.S. industrial production fell 0.2% in July, as factory activity slumped in a worrisome sign for the economy. The Federal Reserve said Thursday that the overall decline was caused primarily by a 0.4% drop last month in manufacturing production. Output decreased for autos,...
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FILE - In this Tuesday, April 10, 2018 photo, a high school principal displays vaping devices that were confiscated from students at the school in Massachusetts. On Wednesday, Aug. 14, 2019, the Vapor Technology Association filed a lawsuit against the U.S. government to delay a review of electronic cigarettes. (AP Photo/Steven Senne)
August 14, 2019 - 4:50 pm
WASHINGTON (AP) — A vaping industry group sued the U.S. government on Wednesday to delay an upcoming review of thousands of e-cigarettes on the market. The legal challenge by the Vapor Technology Association is the latest hurdle in the Food and Drug Administration's yearslong effort to regulate the...
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Canada's Prime Minister Justin Trudeau addresses supporters during a Liberal Party fundraiser in Surrey, British Columbia, Sunday, Aug. 4, 2019. (Darryl Dyck/The Canadian Press via AP)
August 14, 2019 - 3:52 pm
TORONTO (AP) — Canada's ethics commissioner said Wednesday that Prime Minister Justin Trudeau improperly pressured a former attorney general to halt the criminal prosecution of a company, a development that could imperil his re-election chances. The report comes just before the official start of...
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This undated photo provided by the TB Alliance in August 2019 shows the drug pretomanid. On Wednesday, Aug. 14, 2019, the U.S. Food and Drug Administration approved pretomanid, the first tuberculosis drug developed by a nonprofit group. The TB Alliance was formed to come up with better treatments for the pulmonary disease. (TB Alliance via AP)
August 14, 2019 - 3:16 pm
TRENTON, N.J. (AP) — U.S. regulators Wednesday approved a new tuberculosis medicine that shortens and improves treatment for the hardest-to-treat cases, a worsening problem in many poor countries. It's the first TB drug from a nonprofit group. The TB Alliance, formed to come up with better...
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FILE - In this Jan. 16, 2018 file photo, Adam Neumann, center, co-founder and CEO of WeWork, attends the opening bell ceremony at Nasdaq in New York. Office space-sharing company WeWork is getting ready to go public, adding to a growing list of tech businesses making such a move this year. WeWork, which recently renamed itself The We Co., said in a regulatory filing Wednesday, Aug. 14, 2019 that it now has 527,000 memberships across 29 countries. (AP Photo/Mark Lennihan, File )
August 14, 2019 - 1:05 pm
NEW YORK (AP) — WeWork's parent company gave investors the most detailed look yet at its finances Wednesday, revealing breakneck growth on the back of massive losses as the office-sharing company prepares for a highly anticipated debut on the stock market. Founded as a co-working space in Manhattan...
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FILE - In this May 1, 2015, file photo Ford Focus vehicles are seen on a storage lot in Ypsilanti, Mich. Ford is extending the warranties on about 560,000 small cars to cover a litany of problems with a troubled six-speed automatic transmission. The latest move covers 2014 through 2016 model year Focuses built before Nov. 5, 2015, as well as 2014 and 2015 Fiestas built before Oct. 15, 2014. (AP Photo/Carlos Osorio, File)
August 14, 2019 - 9:53 am
DETROIT (AP) — Ford is extending the warranties on about 560,000 small cars in the U.S. and Canada to cover a litany of problems with a troubled six-speed automatic transmission. The company has faced a string of lawsuits and complaints about the transmissions, which can lurch into gear or feel...
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August 14, 2019 - 7:20 am
CINCINNATI (AP) — Macy's is lowering its annual earnings guidance after the department store struggled through the second quarter and was forced to mark down prices. The department store said Wednesday a combination of factors including a fashion miss, slow sell-through of warm weather fashions and...
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