Corporate news

FILE - In this May 10, 2019, file photo the statue of Fearless Girl stands in front of the New York Stock Exchange before Uber holds its initial public offering. Uber reports financial results Monday, Nov. 4. (AP Photo/Mark Lennihan, File)
November 04, 2019 - 4:27 pm
NEW YORK (AP) — The losses at Uber are mounting, but the ride-hailing heavyweight now predicts it will be profitable in about two years. CEO Dara Khosrowshahi told reporters Monday that the company's goal is to reach profitability — when adjusted for interest, taxes, depreciation and amortization...
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FILE - In this July 27, 2018 photo, the Dave Johnson coal-fired power plant is silhouetted against the morning sun in Glenrock, Wyo. The Trump administration is proposing easing more Obama-era protections on contaminants from coal-fired power plants. Environmental Protection Agency administrator Andrew Wheeler signed a proposal Monday overhauling a 2015 rule on release of contaminated wastewater from power plants. The EPA says the change will save $175 million annually in compliance costs.(AP Photo/J. David Ake)
November 04, 2019 - 3:06 pm
WASHINGTON (AP) — The Trump administration accelerated the pace of its environmental rollbacks for the country's coal-fired power plants Monday, proposing to weaken two Obama-era rules aimed at cleaning up dangerous heavy metals and ash from coal plants into groundwater and waterways. The new...
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FILE - In this Wednesday, July 26, 2017, file photo, McDonald's CEO Steve Easterbrook is interviewed at the New York Stock Exchange. McDonald's said Sunday, Nov. 3, 2019, that Easterbrook has stepped down after violating company policy by engaging in a consensual relationship with an employee. (AP Photo/Richard Drew, File)
November 04, 2019 - 12:03 pm
CHICAGO (AP) — McDonald's has lost another top executive. The Chicago-based burger giant confirmed Monday that Chief People Officer David Fairhurst has left the company, effective immediately. McDonald's wouldn't say whether Fairhurst's departure was connected to the firing of CEO Steve Easterbrook...
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FILE- In this Dec. 10, 2017, file photo Jacksonville Jaguars running back T.J. Yeldon warms up wearing Under Armour cleats before an NFL football game against the Seattle Seahawks in Jacksonville, Fla. A strong quarter from Under Armour is being overshadowed by a federal investigation into the company’s accounting practices. The athletic gear maker reported better than expected profit and revenue for the third quarter Monday, Nov. 4, 2019, but shares are down 13% before the opening bell. (AP Photo/Stephen B. Morton, File)
November 04, 2019 - 12:01 pm
BALTIMORE (AP) — A strong quarter from Under Armour was overshadowed by federal investigations into the company's accounting practices. The company also lowered its revenue expectations for the year Monday. The probe, first reported by The Wall Street Journal, is seeking information that would...
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FILE - This April 2017, file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File)
November 04, 2019 - 6:24 am
Here's an illustration of the many ways slow payment systems can inconvenience you and cost you money. Let's say Homer is two days from payday. The family checking account at First Bank of Springfield is on fumes. There's just enough in the account, Homer thinks, to gas up his Plymouth sedan and...
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FILE - In this April 11, 2018, file photo Facebook CEO Mark Zuckerberg testifies before a House Energy and Commerce hearing on Capitol Hill in Washington. Twitter's ban on political advertising is ratcheting up the pressure on Facebook and Zuckerberg to follow suit. Zuckerberg doubled down on Facebook’s approach in a call with analysts Wednesday, Oct. 30, 2019, he reiterated Facebook’s stance that “political speech is important." (AP Photo/Andrew Harnik, File)
November 04, 2019 - 6:16 am
WASHINGTON (AP) — Mark Zuckerberg's social network in Washington is shrinking. Bipartisan hostility against Facebook has been building for months, fueled by a series of privacy scandals, the site's role in Russian meddling in the 2016 presidential campaign and accusations that Facebook crushes...
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November 04, 2019 - 6:11 am
MILAN (AP) — Ferrari has raised its earnings forecast, citing a robust third-quarter performance including a 9% increase in deliveries. The sportscar maker said Monday that net profit was 169 million euros ($188 million). That was down from 287 million euros a year earlier, when Ferrari benefited...
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FILE - In this Wednesday, July 26, 2017, file photo, McDonald's CEO Steve Easterbrook is interviewed at the New York Stock Exchange. McDonald's said Sunday, Nov. 3, 2019, that Easterbrook has stepped down after violating company policy by engaging in a consensual relationship with an employee. (AP Photo/Richard Drew, File)
November 04, 2019 - 1:18 am
NEW YORK (AP) — McDonald's chief executive officer has been pushed out of the company after violating company policy by engaging in a consensual relationship with an employee, the corporation said Sunday. The fast food giant said former president and CEO Steve Easterbrook demonstrated poor judgment...
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November 03, 2019 - 8:34 pm
NEW YORK (AP) — Under Armour Inc. is being investigated by federal authorities over its accounting practices. The athletic gear company said Sunday that it has been cooperating with the U.S. Securities and Exchange Commission and the U.S. Department of Justice on their investigations for two years...
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FILE - This Sept, 2004, file photo shows Gert Boyle at the company's headquarters in Beaverton, Ore. Boyle, the colorful chairwoman of Columbia Sportswear Co. who starred in ads proclaiming her as "One Tough Mother," died Sunday, Nov. 3, 2019. She was 95. (Stephanie Yao/The Oregonian via AP, File)
November 03, 2019 - 5:43 pm
PORTLAND, Ore. (AP) — Gert Boyle, the colorful chairwoman of Oregon-based Columbia Sportswear Co. who starred in ads proclaiming her as "One Tough Mother," died Sunday. She was 95. Company spokeswoman Mary Ellen Glynn did not disclose the cause of death. Boyle, who was chairwoman of the company...
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