Corporate news

Members of political parties and social movements protest the visit of an International Monetary Fund (IMF) delegation, one with a sign that reads in Spanish "Get out of Argentina IMF. No to the debt payment," in Buenos Aires, Argentina, Wednesday, Feb. 12, 2020. Argentina announced Tuesday that it will delay paying principal on a peso-denominated bond that had been due this week while it works on restructuring an overall debt it says is unpayable at a time of economic hardship. (AP Photo/Gustavo Garello)
February 12, 2020 - 2:04 pm
BUENOS AIRES, Argentina (AP) — Argentina has been here before: recession, growing poverty, high inflation, billions of dollars in debt, a looming deadline for repayment and simmering anger toward the International Monetary Fund. This is a big week for one of Latin America's biggest economies, which...
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Workers clean the windows in one of the entrances at the Mobile World Congress 2020 venue in Barcelona, Spain, Tuesday, Feb. 11, 2020. Intel Mobile is the latest company announcing that is pulling out of the Mobile World Congress scheduled to be held in Barcelona in late February. Authorities still seem to be committed to hold it, meeting foreign diplomats on Tuesday to brief on the efforts to prevent any spread of the new coronavirus virus during the industry show. (AP Photo/Emilio Morenatti)
February 12, 2020 - 1:22 pm
LONDON (AP) — Organizers of the world’s biggest mobile technology fair are pulling the plug over worries about the viral outbreak from China. This year’s edition of Mobile World Congress will no longer be held as planned in Barcelona, Spain, on Feb. 24-27. “Global concern regarding the coronavirus...
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Police officers stand near activists outside BP's headquarters to mark the first day of the oil company's new chief executive Bernard Looney, at St James' Square in London, Wednesday Feb. 5, 2020. Around 100 environmental activists mounted the peaceful protest in central London as Bernard Looney prepared to take up his new role. (Victoria Jones/PA via AP)
February 12, 2020 - 10:06 am
LONDON (AP) — Energy producer BP said Wednesday it wants to eliminate or offset all carbon emissions from its operations and the oil and gas it sells to customers by 2050, though it remains unclear how it would achieve such an ambitious target as the company comes under pressure to help combat...
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FILE - In this May 30, 2019, file photo, the new HealthHUB is shown inside a CVS store in Spring, Texas. CVS Health reports financial results on Wednesday, Feb. 12, 2020. (AP Photo/David J. Phillip, File)
February 12, 2020 - 10:06 am
CVS Health swung to a fourth-quarter profit and is starting the new year with a management shakeup for its largest business. The company will replace Derica Rice with Dr. Alan Lotvin as the leader of its pharmacy benefit management segment. CVS Health also named former Concerto Healthcare executive...
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FILE - In this Jan. 10, 2020, file photo, former Nissan Chairman Carlos Ghosn speaks to Japanese media during an interview in Beirut, Lebanon. Nissan filed a civil suit Wednesday, Feb. 12, 2020 seeking 10 billion yen ($91 million) in damages from the Japanese automaker's former Chairman Carlos Ghosn. (Meika Fujio/Kyodo News via AP, File)
February 12, 2020 - 4:51 am
TOKYO (AP) — Nissan filed a civil suit Wednesday seeking 10 billion yen ($91 million) in damages from the Japanese automaker's former Chairman Carlos Ghosn. Nissan Motor Co. filed the case in Yokohama District Court to recoup some of the monetary damages suffered, it said, “as a result of years of...
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A man walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Wednesday, Feb. 12, 2020. Asian shares were higher Wednesday, although the outbreak of a new virus in the region continued to weigh on investor sentiments. (AP Photo/Kin Cheung)
February 12, 2020 - 2:37 am
TOKYO (AP) — Global shares were higher Wednesday, although the outbreak of a new virus, mostly in China, continued to weigh on investor sentiments. France's CAC 40 added 0.1% in early trading to 6,063.26. Germany's DAX was up 0.3% at 13,667.35. Britain's FTSE 100 inched up 0.1% to 7,506.66. U.S...
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In this Jan. 20, 2020, photo, people walk in front of SoftBank store in Ginza shopping district in Tokyo. Japanese technology conglomerate SoftBank Group Corp. said Wednesday, Feb. 12, 2020 its profit for last quarter dropped amid worries about the perceived risk of its investments into companies like WeWork. (AP Photo/Eugene Hoshiko)
February 12, 2020 - 2:01 am
TOKYO (AP) — Japanese technology conglomerate SoftBank Group Corp. said its profit for the last quarter dropped amid worries about the perceived risk of its investments into companies like WeWork. Tokyo-based SoftBank said Wednesday its profit for the October-December quarter stood at 55 billion...
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FILE - In this July 9, 2019, file photo a Lyft ride-share car waits at a stoplight in Sacramento, Calif. Ride-hailing service Lyft's annual loss more than doubled last year to over $2.6 billion, but the company claimed progress as revenue jumped 68% and ridership grew. (AP Photo/Rich Pedroncelli, File)
February 11, 2020 - 6:11 pm
Ride-hailing service Lyft is sticking with its prediction that it will be profitable by the end of next year. This while its annual loss more than doubled in 2019 to over $2.6 billion. But the San Francisco company's annual revenue jumped 68% and ridership grew. Lyft's prediction of a profit in the...
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FILE -In this Nov. 21, 2011 file photo, shoppers pause outside of the Fifth Avenue FAO Schwarz in New York. Under Armour said Tuesday, Feb. 11, 2020, that it may scuttle the opening of its flagship store inside the space formerly occupied by the iconic FAO Schwarz toy store in New York City. (AP Photo/Bebeto Matthews, File)
February 11, 2020 - 4:52 pm
NEW YORK (AP) — Under Armour's shares plummeted Tuesday after the company said it anticipates a big financial hit from the viral outbreak in China. It also said it may need to book hundreds of millions of dollars in charges as it restructures its business. The athletic gear maker expects the...
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A Samsung worker gives a demonstration of the Galaxy Z Flip Phone at the Unpacked 2020 event in San Francisco, Tuesday, Feb. 11, 2020. (AP Photo/Jeff Chiu)
February 11, 2020 - 3:32 pm
SAN FRANCISCO (AP) — Samsung on Tuesday unveiled a new foldable phone, the Galaxy Z Flip, its second attempt to sell consumers on phones with bendable screens and clamshell designs. The new phone can unfold from a small square upward into a traditional smartphone form, and will go on sale Feb. 14...
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