Corporate news

July 19, 2018 - 2:26 pm
DENVER (AP) — The Trump administration on Thursday proposed ending automatic protections for threatened animal and plant species and limiting habitat safeguards that are meant to shield recovering species from harm. Administration officials said the new rules would advance conservation by...
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FILE - In this April 20, 2015 file photo, a Canadian flag with a cannabis leaf flies on Parliament Hill during a 4/20 event in Ottawa, Ontario. Another big first for the marijuana industry is in the books: A major Canadian grower, processor and distributor has completed an initial public stock offering in the United States, raising $153 million, just as Canada prepares to legalize the drug nationwide. British Columbia-based Tilray Inc.'s shares began trading Thursday, July 19, 2018, on the Nasdaq stock exchange, initially priced at $17. It quickly jumped to more than $21. (Adrian Wyld/The Canadian Press via AP, File)
July 19, 2018 - 2:22 pm
SEATTLE (AP) — A Canadian company is the first marijuana business to complete an initial public offering on a major U.S. stock exchange, raising $153 million to expand its operations as Canada prepares to legalize the drug nationwide. British Columbia-based Tilray Inc.'s shares began trading...
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July 19, 2018 - 10:54 am
RIYADH, Saudi Arabia (AP) — Saudi Arabian Military Industries says it has signed a deal with Spanish state-owned shipbuilder Navantia to establish a joint venture to supply five warships. The announcement Thursday formalizes a plan reached in April when the crown prince of Saudi Arabia, Mohammed...
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July 19, 2018 - 9:43 am
DUBAI, United Arab Emirates (AP) — The Abu Dhabi National Oil Company says it has awarded contracts worth AED 5.88 billion ($1.6 billion) to China's largest state-owned oil company to conduct what is says is the world's largest continuous 3D offshore and onshore seismic survey. ADNOC said in a...
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July 19, 2018 - 6:35 am
BERLIN (AP) — Audi's chief executive is seeking his release from jail during an ongoing investigation of suspected fraud as part of parent company Volkswagen's diesel emissions scandal. Rupert Stadler was arrested June 18 due to fears he might try to evade justice. Authorities had earlier searched...
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Vice President of Strategy at Didi Chuxing Stephen Zhu, left, CEO and President of Softbank Mobile Corp. Ken Miyauchi, second left, President of Didi Chuxing Jean Liu, second right, and deputy division head at Softbank Mobile Keigo Sugano shake hands during a press conference announcing their joint venture in Tokyo Thursday, July 19, 2018. (AP Photo/Eugene Hoshiko)
July 19, 2018 - 2:28 am
TOKYO (AP) — Chinese mobile service giant Didi Chuxing and Tokyo-based SoftBank Corp. have set up a joint venture for taxi-hailing in Japan. The companies announced the plan Thursday for a service that will use artificial intelligence and data analysis on a technology platform available for free to...
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July 18, 2018 - 6:57 pm
DENVER (AP) — The U.S. Interior Department's internal watchdog has opened an investigation into Secretary Ryan Zinke's involvement in a land deal with the head of an energy services company that does business with the agency. Deputy Inspector General Mary Kendall said in a letter Wednesday to...
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FILE - In this Nov. 8, 2012 file photo, TVA contract workers remove coal ash from the edge of the Emory River next to the Kingston Fossil Plant in Kingston, Tenn. as part of the cleanup from a December 2008 spill. The Trump administration is easing rules for handling toxic coal ash from more than 400 coal-fired power plants across the U.S. after utilities objected to regulations adopted under former President Barack Obama. Environmental Protection Agency acting Administrator Andrew Wheeler said Wednesday, July 18, 2018, the changes will save utilities roughly $30 million annually. (Michael Patrick/Knoxville News Sentinel via AP, File)
July 18, 2018 - 4:52 pm
DENVER (AP) — The Trump administration on Wednesday eased rules for handling toxic coal ash from more than 400 U.S. coal-fired power plants after utilities pushed back against regulations adopted under former President Barack Obama. Environmental Protection Agency acting Administrator Andrew...
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July 18, 2018 - 7:28 am
NEW YORK (AP) — Morgan Stanley says second-quarter net income totaled $2.44 billion. The New York-based company said Wednesday it had earnings of $1.30 per share. The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for...
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July 18, 2018 - 3:16 am
GENEVA (AP) — Novartis says net profit rose 3 percent in the second quarter amid strong growth for some of its top products, as the Swiss pharmaceuticals giant moves to spin off its Alcon eye-care business. New CEO Vas Narasimhan touted Novartis' plans to create a "focused medicines company,"...
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