Corporate news

June 18, 2019 - 3:56 pm
SAN FRANCISCO (AP) — Google is making a $1 billion commitment to address the soaring price of housing in the San Francisco Bay Area, a problem that the internet company and its Silicon Valley peers helped create as the technology industry hired tens of thousands of high-paid workers. The pledge...
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FILE - In this April 25, 2019, file photo an address sign for Facebook Way is shown in Menlo Park, Calif. Facebook unveiled a broad plan Tuesday, June 18, to create a new digital currency. (AP Photo/Jeff Chiu, File)
June 18, 2019 - 1:33 pm
NEW YORK (AP) — The Latest on Facebook's new digital currency (all times local): 2:30 p.m. One regulatory expert believes Facebook's new currency will "almost surely" fall under new U.S. regulation adopted in the wake of the 2008 financial crisis. Karen Shaw Petrou, managing partner of Federal...
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FILE - In this May 8, 2019, file photo, a Boeing 737 MAX 8 jetliner being built for Turkish Airlines takes off on a test flight in Renton, Wash. Boeing is selling its 737 Max planes again. The company announced at the Paris Air Show on Tuesday, June 18 that International Airlines Group signed a letter of intent for 200 Boeing 737 aircraft. (AP Photo/Ted S. Warren, File)
June 18, 2019 - 10:58 am
PARIS (AP) — Boeing is selling its 737 Max planes again. The company announced at the Paris Air Show on Tuesday that International Airlines Group, the parent company of British Airways and other carriers, signed a letter of intent for 200 Boeing 737 aircraft. Boeing said it's the first sale of the...
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June 18, 2019 - 7:27 am
In a story June 17 about a fire at U.S. Steel's Pennsylvania coke plant, The Associated Press reported erroneously the impact of the mishap on the neighborhood's air quality. The company said air monitoring equipment indicated that sulfur dioxide levels did not exceed emissions limits around the...
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Packs of Canadian pork are displayed for sale at a supermarket in Beijing, Tuesday, June 18, 2019. China will halt imports from a Canadian company after food safety issues were detected in one batch of pork, the Xinhua state news agency reported Tuesday, a move likely to fuel further speculation that China is retaliating against Canada after it arrested a Chinese tech executive. (AP Photo/Andy Wong)
June 18, 2019 - 5:52 am
BEIJING (AP) — China will halt imports from a Canadian company after food safety issues were detected in one batch of pork, the Xinhua state news agency reported Tuesday, a move likely to fuel speculation that China is retaliating against Canada for arresting a Chinese tech executive. After Canada...
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FILE - In this April 25, 2019, file photo an address sign for Facebook Way is shown in Menlo Park, Calif. Facebook unveiled a broad plan Tuesday, June 18, to create a new digital currency. (AP Photo/Jeff Chiu, File)
June 18, 2019 - 4:21 am
SAN FRANCISCO (AP) — Facebook already rules daily communication for more than two billion people around the world. Now it wants its own currency, too. The social network unveiled an ambitious plan Tuesday to create a new digital currency similar to Bitcoin for global use, one that could drive more...
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June 17, 2019 - 6:25 pm
RIO DE JANEIRO (AP) — Brazilian construction giant Odebrecht filed for bankruptcy protection to restructure $13 billion in debt on Monday, worn down after spending five years at the center of one of the world's largest corruption investigations. In a statement, the company lamented its demise from...
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An Airbus A 350 - 1000 performs his demonstration flight at Paris Air Show, in Le Bourget, east of Paris, France, Monday, June 17, 2019. The world's aviation elite are gathering at the Paris Air Show with safety concerns on many minds after two crashes of the popular Boeing 737 Max. (AP Photo/Michel Euler)
June 17, 2019 - 11:59 am
LE BOURGET, France (AP) — The Latest on the Paris Air Show (all times local): 7 p.m. The chief salesman for Airbus says his company already has the technology to fly passenger planes without pilots at all — and is working on winning over regulators and travelers to the idea. Christian Scherer also...
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FILE - This Dec. 4, 2017, file photo shows the Pfizer company logo at the company's headquarters in New York. Pfizer is buying the cancer treatment company Array BioPharma in a deal worth $11.4 billion. Array has a combination therapy for BRAF-mutant metastatic melanoma, along with a pipeline of targeted cancer medicines in development and a portfolio of other medicines that are expected to generate significant royalties over time. (AP Photo/Richard Drewm Fuke, File)
June 17, 2019 - 7:28 am
NEW YORK (AP) — Pfizer is delving deeper into cancer research with a roughly $11.4 billion deal for Array BioPharma, a drug developer that has seen its shares soar since announcing positive clinical trial results earlier this spring. Pfizer said Monday it will pay $48 per share in cash for Array,...
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FILE - In this Monday, April 29, 2019 file photo, Boeing Chief Executive Dennis Muilenburg speaks during a news conference after the company's annual shareholders meeting at the Field Museum in Chicago. Boeing’s CEO says the company made a “mistake” in handling a problematic cockpit warning system in 737 Max jets ahead of two deadly crashes of the top-selling plane. Chief Executive Dennis Muilenburg told reporters in Paris on Sunday, June 16 that the company’s communication “was not consistent,” calling that “unacceptable.”(AP Photo/Jim Young, file)
June 16, 2019 - 1:59 pm
PARIS (AP) — The chief executive of Boeing said the company made a "mistake" in handling a problematic cockpit warning system in its 737 Max jets before two crashes killed 346 people and he promised transparency as the aircraft maker works to get the grounded plane back in flight. Boeing CEO Dennis...
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