Corporate news

In this Monday, March 2, 2020, photo, a worker wearing a mask works at a factory producing bicycle wheel rims in Hangzhou in eastern China's Zhejiang province. Factories in China that make the world's smartphones, toys and other consumer goods are trying to protect their employees from a virus outbreak as they resume production. Manufacturers are buying masks by the thousands and jugs of disinfectant. The ruling Communist Party has told local officials to help reopen factories that were idled by the most intensive anti-disease controls ever imposed. (Chinatopix Via AP)
March 04, 2020 - 9:36 pm
BEIJING (AP) — To keep his 40 employees indoors and away from China’s virus outbreak, the manager of an electronics factory in Dongguan, near Hong Kong, says he hired a cook and arranged dormitories for them. Cjtouch Electronic Co., which makes smartphone touch screens, is one of thousands of...
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Medical staff wearing protective suits check documents as they wait for people with suspected symptoms of the new coronavirus, at a testing facility in Seoul, South Korea, Wednesday, March 4, 2020. The coronavirus epidemic shifted increasingly westward toward the Middle East, Europe and the United States on Tuesday, with governments taking emergency steps to ease shortages of masks and other supplies for front-line doctors and nurses. (AP Photo/Ahn Young-joon)
March 04, 2020 - 6:22 pm
BANGKOK (AP) — The Latest on the virus outbreak (all times local): 7:15 a.m. California Gov. Gavin Newsom has declared a statewide emergency after the state's first fatality from the new coronavirus. Newsom announced the measure at a news conference Wednesday, saying it was intended to help procure...
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Travelers at Seattle-Tacoma International Airport wear masks Tuesday, March 3, 2020, in SeaTac, Wash. Six of the 18 Western Washington residents with the coronavirus have died as health officials rush to test more suspected cases and communities brace for spread of the disease. All confirmed cases of the virus in Washington are in Snohomish and King counties. (AP Photo/Elaine Thompson)
March 04, 2020 - 12:37 pm
ALTERED EXPECTATIONS: General Electric Co. General Electric believes the viral outbreak could have a negative impact of about $300 million to $500 million on its first-quarter industrial free cash flow. Operating profit for the period could be hurt by about $200 million to $300 million. GE said...
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Italian Foreign Minister Luigi Di Maio, center, eats a pizza with French Ambassador to Rome Christian Masset, right, and pizza maker Gino Sorbillo, in Sorbillo's restaurant, in Rome, Wednesday, March 4, 2020. According to reports, Di Maio invited the French ambassador for a pizza after French channel Canal plus broadcast a satirical video of a fake Italian pizza maker coughing on a pizza and calling it "Corona Pizza". (AP Photo/Andrew Medichini)
March 04, 2020 - 11:53 am
BERLIN (AP) — More authorities are considering widespread school closures among a raft of measures being taken around the world to stop the spread of the new coronavirus. These are some of the latest developments Wednesday: SCHOOL CLOSURES, PILGRIMAGES CANCELED The government in Italy, which has...
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Travelers at Seattle-Tacoma International Airport wear masks Tuesday, March 3, 2020, in SeaTac, Wash. Six of the 18 Western Washington residents with the coronavirus have died as health officials rush to test more suspected cases and communities brace for spread of the disease. All confirmed cases of the virus in Washington are in Snohomish and King counties. (AP Photo/Elaine Thompson)
March 03, 2020 - 5:42 pm
AID AVAILABLE: The World Bank announced Tuesday that it is making $12 billion available to provide immediate support to low-income countries dealing with the health and economic impacts of the coronavirus. World Bank President David Malpass said the money will go to help developing nations...
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Workers dismantle a booth after that the 90th Geneva International Motor Show (GIMS) is cancelled by Swiss authorities, at the Palexpo in Geneva, Switzerland, Friday, Feb. 28, 2020. The 90th edition of the International Motor Show, scheduled to begin on March 5th, is cancelled due to the advancement of the (Covid-19) coronavirus in Switzerland. The Swiss confederation announced today that all events involving more than 1,000 people would be banned until 15 March. (KEYSTONE/Salvatore di Nolfi)
March 03, 2020 - 10:57 am
FRANKFURT, Germany (AP) — Fine wines and hipster gin. Hunting rifles and knives. Contemporary paintings and million-dollar sports cars. They're all marketed at trade events that are quickly going dark across the globe due to the new coronavirus - and taking with them sales opportunities that may be...
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FILE- This May 3, 2017, file photo shows the Target logo on a store in Upper Saint Clair, Pa. Target reported strong fourth-quarter profits, though its sales were weighed down by weak toy and electronics sales during the crucial holiday shopping season. Target joins a string of other retailers, including Walmart, with disappointing sales during the shortest holiday shopping period since 2013. (AP Photo/Gene J. Puskar, File)
March 03, 2020 - 7:37 am
NEW YORK (AP) — Target reported strong fourth-quarter profits, though its sales were weighed down by weak demand for toy and electronics during the crucial holiday shopping season. Target joins a string of other retailers with disappointing sales during the shortest holiday shopping period since...
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FILE - In this June 19, 2015, file the Justice Department Building in Washington. The Justice Department says pharmaceutical company Sandoz Inc. will pay a $195 million penalty to resolve criminal charges of conspiring to fix prices and rig bids for generic drugs. Officials say Monday, March 2, 2020, that the company would admit guilt and pay the penalty. (AP Photo/Andrew Harnik, File)
March 02, 2020 - 6:00 pm
WASHINGTON (AP) — The Justice Department said Monday that pharmaceutical company Sandoz Inc. will pay a $195 million penalty to resolve criminal charges of conspiring to fix prices and rig bids to stifle competition for generic drugs. As part of the agreement, the generic pharmaceutical company...
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FILE - In this Wednesday, Nov. 20, 2019, file photo, Recording Academy President/CEO Deborah Dugan participates in the 62nd Grammy Awards nominations news conference at Studio 43 at CBS Broadcast Center in New York. The Recording Academy says it has fired Deborah Dugan, its former president who called into question the integrity of the Grammy Awards nominations process. The academy said Monday the decision was reached after “two exhaustive, costly independent investigations” about Dugan and her allegations. It said the reviews found “consistent management deficiencies and failures,” though no specifics were offered. (Photo by Charles Sykes/Invision/AP, File)
March 02, 2020 - 3:13 pm
LOS ANGELES (AP) — The Recording Academy on Monday fired Deborah Dugan, its former president who called into question the integrity of the Grammy Awards nominations process and said she was sexually harassed by a top lawyer for the organization, which she called a boys' club that coddled and...
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In this Feb. 27, 2020 photo, a woman works on a spinning mill in a textile factory in Hangzhou in eastern China's Zhejiang Province. A gauge of Chinese manufacturing plunged in February by an even wider margin than expected after efforts to contain a virus outbreak shut down much of the world's second-largest economy. (Chinatopix via AP)
March 02, 2020 - 9:53 am
WASHINGTON (AP) — American factories expanded in February for the second straight month, despite disruptions caused by the coronavirus outbreak. The winning streak, however, may prove short-lived. The Institute for Supply Management, an association of purchasing managers, said Monday that its...
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