Corporate news

June 07, 2019 - 7:54 pm
LAGUNA NIGEL, Calif. (AP) — Southern California's San Onofre nuclear power plant was permanently closed in 2013, but the site remains home to 3.5 million pounds (1.59 million kilograms) of nuclear waste that has nowhere else to go. Members of a House subcommittee held a hearing Friday not far from...
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Police officers stand guard to check the vehicles near the venue of G20 Finance Ministers' and Central Bank Governors' Meeting Friday, June 7, 2019, in Fukuoka, western Japan. (AP Photo/Eugene Hoshiko)
June 07, 2019 - 6:22 pm
FUKUOKA, Japan (AP) — Finance ministers and central bank governors meeting in Japan this weekend will try to make headway on longstanding issues such as how much global giants like Facebook and Amazon should pay in taxes. They're likely to end up focusing a large share of their attention, however,...
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June 07, 2019 - 5:07 pm
NEW YORK (AP) — Uber is parting ways with two of its top executives less than a month after the company's rocky stock market debut. CEO Dara Khosrowshahi told employees in an email Friday that he plans to be more involved in day-to-day operations now that the initial public offering of stock has...
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FILE - In this Jan 7, 2019, file photo, New Mexico Gov. Michelle Lujan Grisham speaks at a news conference in Albuquerque, N.M. Lujan Grisham is opposed to plans by a New Jersey-based company to build a multibillion-dollar facility in her state to temporarily store spent nuclear fuel from commercial reactors around the United States. Gov. Grisham sent a letter Friday, June 7, 2019, to U.S. Energy Secretary Rick Perry, saying the interim storage of high-level waste poses significant and unacceptable risks to residents, the environment and the region's economy. (AP Photo/Russell Contreras, File)
June 07, 2019 - 5:03 pm
ALBUQUERQUE, N.M. (AP) — New Mexico's governor said Friday she's opposed to plans by a New Jersey-based company to build a multibillion-dollar facility in her state to temporarily store spent nuclear fuel from commercial reactors around the U.S. In a letter to U.S. Energy Secretary Rick Perry, Gov...
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FILE - In this May 30, 2019, file photo trader Craig Esposito, right, works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, June 7. (AP Photo/Richard Drew, File)
June 07, 2019 - 3:54 pm
Wall Street turned the page on a painful May in the stock market by notching its best week since late November. Stocks climbed for a fourth consecutive day Friday, capping a week of gains that reversed most of the losses in May, when President Donald Trump's tariff threats escalated trade wars with...
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FILE - In this Tuesday, May 21, 2019 file photo, a member of the media tries out new Huawei Honor 20 series of phones following their global launch in London. Facebook has stopped letting its apps come pre-installed on smartphones sold by Huawei to comply with U.S. restrictions, dealing a fresh blow to the Chinese tech giant. The social network said Friday, June 7 it suspended providing software for Huawei to put on its devices while it reviews recently introduced U.S. sanctions. (AP Photo/Alastair Grant, file)
June 07, 2019 - 3:21 pm
LONDON (AP) — Facebook said Friday it has stopped letting its apps come pre-installed on smartphones sold by Huawei in order to comply with U.S. restrictions, a move that deals a fresh blow to the Chinese tech giant. The social network said it has suspended providing software for Huawei to put on...
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FILE - In this Aug. 31, 2017, file photo, workers produce vehicles at Volkswagen's U.S. plant in Chattanooga, Tenn. Top Tennessee Republicans are predicting economic harm if a vote to unionize Volkswagen's car assembly plant in Chattanooga passes. (AP Photo/Erik Schelzig, File)
June 07, 2019 - 2:45 pm
NASHVILLE, Tenn. (AP) — Top Tennessee Republicans are predicting economic harm if workers at Volkswagen's car assembly plant in Chattanooga vote to unionize, and they are following a blueprint that helped GOP officials sink a similar vote five years ago. Volkswagen workers in Chattanooga voted 712-...
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June 07, 2019 - 1:56 pm
SAG HARBOR, N.Y. (AP) — Former NASCAR CEO Brian France has pleaded guilty to driving while intoxicated in New York's Hamptons last year. Suffolk County District Attorney Timothy Sini said the 56-year-old France pleaded guilty to a misdemeanor Friday and was ordered to complete 100 hours of...
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FILE - This Aug. 31, 2017 file photo, shows a Barnes and Noble Booksellers store in Pittsburgh. The beleaguered bookseller is being sold to Elliott Management Corp. in a $476 million deal. Elliott will pay $6.50 per share. That’s an approximately 9% percent premium to the company’s Thursday closing price of $5.96. The transaction is valued at about $683 million, including debt. (AP Photo/Gene J. Puskar, File)
June 07, 2019 - 1:09 pm
Barnes & Noble is being acquired by a hedge fund for $476 million and will be taken private. The national chain that many blamed for the demise of independent bookstores has been ravaged by Amazon.com and other online sellers, but remains a critical outlet for publishers. On Friday, it was...
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June 07, 2019 - 12:31 pm
PARIS (AP) — French authorities have launched an investigation into an alleged fraud scheme involving French and Polish companies suspected of providing minced meat of extremely poor quality to charities. France's anti-fraud agency said Friday that the French company that sold 1,500 tons of frozen...
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