Corporate news

A pedestrian pass the New York Stock Exchange, Friday, Oct. 2, 2020, in New York. Stocks around the world are falling sharply Wednesday, Oct. 28, on worries the worsening pandemic will push governments to bring back restrictions on businesses. (AP Photo/John Minchillo)
October 28, 2020 - 1:37 pm
NEW YORK (AP) — Stocks around the world are tumbling Wednesday on worries the worsening pandemic will mean more restrictions on businesses and drag down the economy. The S&P 500 was down 3.2 % in afternoon trading on Wall Street and is headed for a third straight loss. It’s already down 5.2%...
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FILE - In this Jan. 25, 2011, file photo, is the Boeing Company logo on the property in El Segundo, Calif. China's government said Monday, Oct. 26, 2020, it will impose sanctions on U.S. military contractors including Boeing Co.'s defense unit and Lockheed Martin Corp. for supplying weapons to rival Taiwan, stepping up a feud with Washington over security and Beijing's strategic ambitions. (AP Photo/Reed Saxon, File)
October 28, 2020 - 10:37 am
Boeing will cut more jobs as it continues to bleed money and its revenue fades during a pandemic that has smothered demand for new airline planes. The company said Wednesday that it expects to cut its workforce to about 130,000 people by the end of next year, or 30,000 fewer than it began with in...
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This Monday, Oct. 26, 2020, satellite image from Planet Labs Inc. that has been annotated by experts at the James Martin Center for Nonproliferation Studies at Middlebury Institute of International Studies shows construction at Iran's Natanz uranium-enrichment facility that experts believe may be a new, underground centrifuge assembly plant. Satellite photos show Iran has begun construction at its Natanz nuclear facility. That's after the head of the U.N.’s nuclear agency acknowledged Tehran is building an underground advanced centrifuge assembly plant after its last one exploded in a reported sabotage attack last summer. (Planet Labs Inc. via AP)
October 28, 2020 - 5:50 am
DUBAI, United Arab Emirates (AP) — Iran has begun construction at its Natanz nuclear facility, satellite images released Wednesday show, just as the U.N. nuclear agency acknowledged Tehran is building an underground advanced centrifuge assembly plant after its last one exploded in a reported...
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October 28, 2020 - 4:34 am
MILAN (AP) — Fiat Chrysler and PSA Peugeot on Wednesday confirmed progress toward their full merger to create the globe’s fourth-largest carmaker, with completion expected by the end of March 2021. The merger of the Italian-American car company with its French rival, agreed last year, is aimed at...
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FILE- This May 1, 2018, file photo shows Merck corporate headquarters in Kenilworth, N.J. Surging sales of cancer medicines and reduced spending helped Merck overcome a big hit from the coronavirus pandemic and increase its profit 12% in the second quarter. The drugmaker on Friday, July 31, 2020, increased its financial forecast for the year, all while it’s investing in development of two experimental vaccines and a possible treatment for COVID-19. (AP Photo/Seth Wenig, File)
October 27, 2020 - 3:08 pm
Drugmaker Merck, bouncing back from a $1.6 billion hit from the coronavirus pandemic in the second quarter, boosted its third-quarter profit by 55% and blew past Wall Street expectations. The strong result was due to sales slightly higher than a year ago, plus restrained spending. The Kenilworth,...
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FILE - In this Jan. 20, 2011, file photo, AMD chips are displayed at the Micro Center computer store in Santa Clara, Calif. AMD is buying processing platform developer Xilinx in an all-stock deal valued at $35 billion. (AP Photo/Paul Sakuma, File)
October 27, 2020 - 10:02 am
SAN JOSE, Calif. (AP) — Advanced Micro Devices is buying Xilinx for $35 billion in an all-stock deal that will combine the two Silicon Valley chip makers and accelerate an already rapid-fire pace of mergers and buyouts in the industry. The deal announced Tuesday puts AMD in a place it wants to be;...
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FILE - In this Sept. 20, 2019, file photo, Maurine Carter works on the wiring of a stove in LaFayette, Ga. Orders to American factories for big-ticket goods rebounded last month from a disastrous April as the U.S. economy began to slowly reopen. The Commerce Department said that orders for manufactured goods meant to last at least three years shot up 15.8% in May after plunging 18.1% in April.(Erin O. Smith/Chattanooga Times Free Press via AP, File)
October 27, 2020 - 9:41 am
WASHINGTON (AP) — Orders to U.S. factories for big-ticket manufactured goods rose a stronger-than-expected 1.9% in September with a key category that tracks business investment showing a solid gain as well. The uptick in orders followed a smaller 0.4% increase in August and was the best gain since...
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FILE - In this file photo dated Sunday, Sept. 20, 2020, US actor and film producer Johnny Deep during the photocall for his film "Crock of Gold: A Few Rounds with Shane Macgoman" at the 68th San Sebastian Film Festival, in San Sebastian, northern Spain. Britain’s judicial office said Tuesday Oct. 27, 2020, that judge Andrew Nicol will deliver his verdict in writing on Nov. 2, ruling on whether Johnny Depp was libelled by a tabloid newspaper that branded him a wife-beater. (AP Photo/Alvaro Barrientos, FILE)
October 27, 2020 - 9:24 am
LONDON (AP) — A British judge will rule next week on whether Johnny Depp was libelled by a tabloid newspaper that branded him a wife-beater — an accusation his lawyer called a “reputation-destroying, career-ending” false allegation. Britain’s judicial office announced Tuesday that judge Andrew...
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FILE - This is an April 26, 2017, file photo showing Eli Lilly corporate headquarters in Indianapolis. Eli Lilly continues to back a potential COVID-19 treatment despite research showing that it may not work on hospitalized patients. The drugmaker said Tuesday, Oct. 27, 2020, that It remains confident that its drug may stop COVID from developing in other patients. (AP Photo/Darron Cummings, File)
October 27, 2020 - 8:43 am
INDIANAPOLIS (AP) — Eli Lilly continues to back a potential COVID-19 treatment despite research showing that it may not work on hospitalized patients. The drugmaker said Tuesday it remains confident that its drug may stop COVID from developing in other patients. Researchers are still studying the...
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Pfizer signs are seen out front of the Pfizer Research & Development Laboratories Wednesday, July 22, 2020, in Groton, Conn. Pfizer on Tuesday, July 28, reported a 32% plunge in second-quarter profit, as the global coronavirus pandemic limited marketing of and new prescriptions for its medicines. Still, the biggest U.S. drugmaker posted a solid profit and nudged up parts of its 2020 financial forecast. (AP Photo/Stew Milne)
October 27, 2020 - 7:49 am
Drugmaker Pfizer saw its third-quarter profit plunge 71%, mainly due to an $8.1 billion gain a year earlier from selling its consumer health care business to a GlaxoSmithKline joint venture, but managed to top Wall Street expectations. Meanwhile, the New York-based company on Tuesday said...
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