Corporate news

FILE- This Nov. 9, 2018, file photo shows a Walmart Supercenter in Houston. Walmart Inc. reports earnings Thursday, Nov. 15. (AP Photo/David J. Phillip, File)
November 15, 2018 - 7:59 am
NEW YORK (AP) — Walmart reported strong sales online and in its established store sales for its fiscal third quarter, and raised profit expectations for the year heading into the holiday shopping season. The report Thursday suggests that efforts by Walmart to improve the experience of its customers...
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FILE - This July 19, 2018, file photo, shows the property, southwest of Belfield, N.D, the future home of The Davis Refinery near Theodore Roosevelt National Park. North Dakota water officials say the company developing the oil refinery has supplied adequate information to justify drawing water from an underwater aquifer. An attorney for area landowners challenging the recommended permit for the Davis Refinery counters that information from Meridian Energy Group has been vague and contradictory. The arguments came Wednesday, Nov. 14 during a hearing before an administrative law judge. (Tom Stromme /The Bismarck Tribune via AP, File)
November 14, 2018 - 4:09 pm
BISMARCK, N.D. (AP) — A company developing an oil refinery near Theodore Roosevelt National Park in North Dakota has supplied adequate information to justify drawing water from an underwater aquifer, State Water Commission officials testified Wednesday. An attorney for area landowners challenging...
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The California state Capitol is viewed through the smoke from the Camp Fire, Tuesday, Nov. 13, 2018, in Sacramento, Calif. Smoke from the Camp Fire, which has been burning since last Thursday nearly 90 miles north of Sacramento, has blanketed much of Northern California. The fire has destroyed thousands of homes and killed dozens of people. (AP Photo/Rich Pedroncelli)
November 14, 2018 - 3:35 pm
SAN FRANCISCO (AP) — PG&E's stock lost more than 20 percent of its value Wednesday after the utility said it does not have nearly enough insurance coverage if it is found liable for a Northern California wildfire that has left at least 48 people dead and destroyed about 7,700 homes. San...
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FILE - In this Dec. 14, 2017, file photo, Quicken Loans founder Dan Gilbert, addresses attendees at the former site of the J.L. Hudson Co. department store, in Detroit. Gilbert has reached an agreement to sell Greektown Casino-Hotel in downtown Detroit for $1 billion. Gilbert's Detroit-based JACK Entertainment said Wednesday, Nov. 14, 2018, it planned to sell the casino to Pennsylvania-based Penn National and New York-based VICI Properties. (AP Photo/Carlos Osorio, File)
November 14, 2018 - 2:50 pm
DETROIT (AP) — Businessman and Cleveland Cavaliers owner Dan Gilbert has reached a $1 billion agreement to sell the Greektown Casino-Hotel in downtown Detroit, one of the city's three casinos, companies involved in the deal announced Wednesday. The move marks the latest in billions of dollars in...
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November 14, 2018 - 10:41 am
HOUSTON (AP) — The U.S. government has awarded a $167 million contract to build 8 miles (13 kilometers) of border wall in south Texas. U.S. Customs and Border Protection announced the contract Wednesday. Construction will begin in February. CBP already announced a $145 million award for another 6...
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FILE- In this May 16, 2018, file photo, traffic makes it's way past the Macy's flagship store in New York. Macy's Inc. reports earnings Wednesday, Nov. 14. (AP Photo/Mary Altaffer, File)
November 14, 2018 - 8:54 am
CINCINNATI (AP) — Macy's is heading into the crucial holiday season firing on all cylinders, logging its fourth consecutive quarter of sales growth at existing locations and getting strong reactions from customers both online and in its stores. The company also upped its annual earnings...
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November 14, 2018 - 6:44 am
HELSINKI (AP) — Danish shipping group A.P. Moller-Maersk is warning that trade tensions between the United States and China could weigh on business. The company said a brewing trade war between the two had created uncertainty and could "reduce global container trade by 0.5 to 2.0 percent during...
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Fred Gmitter, a geneticist at the University of Florida Citrus Research and Education Center, right, visits a citrus grower in an orange grove affected by citrus greening disease in Fort Meade, Fla., on Sept. 27, 2018. "If we can go in and edit the gene, change the DNA sequence ever so slightly by one or two letters, potentially we'd have a way to defeat this disease," says Gmitter. (AP Photo/Federica Narancio)
November 14, 2018 - 1:08 am
WASHINGTON (AP) — The next generation of biotech food is headed for the grocery aisles, and first up may be salad dressings or granola bars made with soybean oil genetically tweaked to be good for your heart. By early next year, the first foods from plants or animals that had their DNA "edited" are...
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November 13, 2018 - 10:41 pm
NEW YORK (AP) — Around two dozen employees will be laid off in a re-organization at Hachette Book Group. The publisher announced Tuesday that various imprints would be consolidated and merged, ranging from the religious imprint FaithWords to the feminist Seal Press. Among those leaving are Hachette...
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November 13, 2018 - 10:35 pm
TOKYO (AP) — The Japanese economy has shrunk at an annualized rate of 1.2 percent in July-September, as consumer spending, investment and exports fell. Cabinet Office preliminary data released Wednesday showed seasonally adjusted gross domestic product — the total value of a nation's goods and...
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