Corporate news

A medical worker holding a Pfizer-BioNTech vaccine and a syringe during mass vaccination starts in Vienna, Austria, Friday, Jan. 15, 2021. Authorities started to vaccinate the most vulnerable people in a coordinated effort. (AP Photo/Ronald Zak)
January 15, 2021 - 2:00 pm
COPENHAGEN, Denmark (AP) — U.S. pharmaceutical company Pfizer confirmed Friday it will temporarily reduce deliveries to Europe of its COVID-19 vaccine while it upgrades production capacity to 2 billion doses per year. The EU Commission chief said she'd immediately called Pfizer's CEO. But in an...
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A Wells Fargo office is shown, Wednesday, Jan. 13, 2021 in New York. Wells Fargo & Co. says its profit rose 4% to $2.99 billion in the fourth quarter of 2020. The bank, based in San Francisco, said Friday that it had earnings of 64 cents per share, compared with earnings of 60 cents a year earlier. (AP Photo/Mark Lennihan)
January 15, 2021 - 11:28 am
SILVER SPRING, Md. (AP) — Wells Fargo had its best quarter of 2020 as its profit rose 4% in the fourth quarter of a year defined by the coronavirus outbreak. The bank, based in San Francisco, said Friday that its earnings rose to $3 billion, or 64 cents per share, compared with earnings of $2.87...
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A Citibank office is open, Wednesday, Jan. 13, 2021 in New York. Citigroup Inc. says earnings for the fourth quarter of 2020 fell 7% to $4.63 billion. The New York-based bank said it had earnings of $2.08 per share, down from $2.15 per share a year earlier. (AP Photo/Mark Lennihan)
January 15, 2021 - 10:02 am
CHARLOTTE, N.C. (AP) — Banking conglomerate Citigroup said its fourth quarter profits fell by 7%, but like its competitor JPMorgan Chase, the bank saw improvement from the darkest days of the pandemic shutdowns. The New York-based bank said it earned a profit of $4.63 billion, down from a profit of...
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A sale sign is displayed near the entrance of a Hallmark store Tuesday, Jan. 12, 2021, in Orlando, Fla. Retail sales fell for a third straight month, as a surge in virus cases kept people away from stores and restaurants during the holiday shopping season. The report released Friday is yet another sign that the pandemic is slowing the U.S. economy. Last month, the country lost jobs for the first time since the spring.(AP Photo/John Raoux)
January 15, 2021 - 8:45 am
NEW YORK (AP) — Retail sales fell for a third straight month as a surge in virus cases kept people away from stores during the holiday shopping season. The report released Friday is yet another sign that the pandemic is slowing the U.S. economy. Last month, the country lost jobs for the first time...
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FILE - This Nov. 15, 1995 file photo shows then Food and Drug Administration (FDA) Administrator David Kessler testifying on Capitol Hill in Washington. President-elect Joe Biden has picked Kessler to lead vaccine science in his drive to put 100 million shots into the arms of Americans in his administration's first 100 days and stem the COVID-19 pandemic. (AP Photo/Denis Paquin)
January 15, 2021 - 8:02 am
WASHINGTON (AP) — President-elect Joe Biden has picked a former Food and Drug commissioner to lead vaccine science in his drive to put 100 million shots into the arms of Americans in his administration's first 100 days and stem the COVID-19 pandemic. Dr. David Kessler, who will have the title of...
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A medical worker in protector overall escorts a patient in wheelchair from the fever screening department of the Tongji Hospital which was at the frontline of the China's fight against the coronavirus in Wuhan in central China's Hubei province on Friday, Jan. 15, 2021. The WHO team of international researchers that arrived in the central Chinese city of Wuhan on Thursday hopes to find clues to the origin of the COVID-19 pandemic. (AP Photo/Ng Han Guan)
January 15, 2021 - 4:20 am
BEIJING (AP) — A city in northern China is building a 3,000-unit quarantine facility to deal with an anticipated overflow of patients as COVID-19 cases rise ahead of the Lunar New Year travel rush. State media on Friday showed crews leveling earth, pouring concrete and assembling pre-fabricated...
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FILE - In this Oct. 23, 2020, file photo, Chinese President Xi Jinping delivers his speech at the commemorating conference on the 70th anniversary of the Chinese army entering North Korea to resist the U.S. army, at the Great Hall fo the People in Beijing. Xi is asking former CEO Howard Schultz of Starbucks to help repair U.S.-Chinese relations that have plunged to their lowest level in decades amid a tariff war and tension over technology and security. (AP Photo/Andy Wong, File)
January 15, 2021 - 2:59 am
BEIJING (AP) — President Xi Jinping is asking former CEO Howard Schultz of Starbucks to help repair U.S.-Chinese relations that have plunged to their lowest level in decades amid a tariff war and tension over technology and security. A letter from Xi to Schultz reported Friday by the official...
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FILE- In this Aug. 3, 2017, file photo the Dollar General store is pictured in Luther, Okla. As vaccinations continue across the U.S., some companies are offering financial incentives to encourage their workers to get the shots. Dollar General is one of the first major companies to announce extra pay for workers who get vaccinated. The Tennessee-based retailer said Wednesday, Jan. 13, 2021 it will give employees the equivalent of four hours of pay if they get the vaccine. (AP Photo/Sue Ogrocki, File)
January 14, 2021 - 7:31 pm
As vaccinations continue across the U.S., some companies are offering financial incentives to encourage their workers to get the shots. Instacart Inc., the grocery delivery service, announced Thursday that it would provide a $25 stipend for workers who get the COVID-19 vaccine. It joins others,...
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This photo provided by Poshmark shows Manish Chandra. Shares of Poshmark soared in their debut trading in the public markets Thursday, Jan. 14, 2021, a testament to the strength of the online marketplace for second-hand goods even during a pandemic. The company, founded in 2011 by Chandra, marked its debut on the Nasdaq Stock Market and is listed under the ticker POSH. (Jen Kay/Poshmark via AP)
January 14, 2021 - 5:22 pm
NEW YORK (AP) — Shares of Poshmark Inc. more than doubled in their stock market debut Thursday, a testament to investor enthusiasm for the online marketplace for second-hand goods. The stock soared 141%, valuing the company at $7.4 billion. Late Wednesday, the initial public offering of 6.6 million...
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FILE — In this Aug. 20, 2020 file photo, Connecticut Attorney General William Tong speaks to the media during a watch party for the Democratic National Convention, at Dunkin' Donuts Park, in Hartford, Conn. Connecticut authorities are investigating whether Amazon's e-book deals with certain publishers are anticompetitive and violate antitrust laws, state Attorney General William Tong said Thursday, Jan. 14, 2021. (AP Photo/Jessica Hill, File)
January 14, 2021 - 1:02 pm
HARTFORD, Conn. (AP) — Connecticut authorities are investigating whether Amazon's e-book deals with certain publishers are anticompetitive and violate antitrust laws, state Attorney General William Tong said Thursday. Tong released only a few details of the probe. He said the state attorney general...
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