Corporate news

A man walks on Wall Street, Thursday, July 16, 2020 in New York. Stocks are opening broadly lower on Wall Street Thursday, extending weakness in overseas markets. (AP Photo/Mark Lennihan)
July 16, 2020 - 10:12 am
NEW YORK (AP) — Wall Street is retreating in early trading Thursday following a mixed set of reports on the economy, including one showing that layoffs continue across the country at a stubbornly steady pace. The S&P 500 was 0.6% lower after the first half hour of trading, following markets...
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July 16, 2020 - 8:09 am
Johnson & Johnson had a surprisingly strong second quarter and bumped up its 2020 forecast even after COVID-19 contributed to a 40% drop in U.S. medical device sales. Growing pharmaceutical sales, also in the U.S., helped the world’s biggest health products maker counter damage from the...
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Actor Johnny Depp, centre, is surrounded by fans as he arrives at the High Court in London, Thursday, July 16, 2020. Depp is suing News Group Newspapers, publisher of The Sun, and the paper’s executive editor, Dan Wootton, over an April 2018 article that called him a “wife-beater.” The Sun’s defense relies on a total of 14 allegations by his ex-wife Amber Heard of Depp’s violence. He strongly denies all of them. (AP Photo/Alastair Grant)
July 16, 2020 - 8:06 am
LONDON (AP) — Johnny Depp’s security chief alleged that Amber Heard physically abused Depp during the couple’s tempestuous marriage, giving testimony to support Depp’s libel suit against a British tabloid that accused him of assaulting his former spouse. Depp is suing News Group Newspapers,...
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FILE - In this Oct. 14, 2019, file photo a Bank of America logo is attached to the exterior of the Bank of America Financial Center building in Boston. The Federal Reserve said on Thursday, June 25, 2020, a worst-case scenario for the U.S. economy ravaged by the coronavirus pandemic would cause nation’s 34 largest banks to collectively lose roughly $700 billion. To bolster the banks ahead such a potentially damaging recession, the Fed ordered the banks to suspend stock buybacks and dividend payouts until Sept. 30. (AP Photo/Steven Senne)
July 16, 2020 - 8:05 am
NEW YORK (AP) — Bank of America's second quarter profits were sawed in half and the consumer banking giant set aside billions of dollars to cover potentially bad loans caused by the pandemic. Bank earnings this quarter have begun to paint a picture of American families and businesses struggling to...
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FILE - In this Aug. 11, 2019, file photo an iPhone displays the apps for Facebook and Messenger in New Orleans. The European Union’s top court ruled Thursday, July 16, 2020 that an agreement that allows big tech companies to transfer data to the United States is invalid, and that national regulators need to take tougher action to protect the privacy of users' data. It will no longer simply be assumed that tech companies like Facebook will adequately protect the privacy of its European users' data when it sends it to the U.S. Rather, the EU and U.S. will likely have to find a new agreement that guarantees that Europeans' data is afforded the same privacy protection in the U.S. as it is in the EU, which has some of the toughest standards in the world. (AP Photo/Jenny Kane, File)
July 16, 2020 - 6:21 am
LONDON (AP) — The European Union’s top court ruled Thursday that an agreement that allows thousands of companies — from tech giants to small financial firms — to transfer data to the United States is invalid because the American government can snoop on people's data. The ruling to invalidate...
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In this April 11, 2020, photo released by Xinhua News Agency, a staff member tests samples of a potential COVID-19 vaccine at a production plant of SinoPharm in Beijing. In the global race to make a coronavirus vaccine, the state-owned Chinese company is boasting that it gave its employees, including top executives, experimental shots even before the government OK'd testing in people. (Zhang Yuwei/Xinhua via AP)
July 16, 2020 - 1:48 am
BEIJING (AP) — In the global race to make a coronavirus vaccine, a state-owned Chinese company is boasting that its employees, including top executives, received experimental shots even before the government approved testing in people. “Giving a helping hand in forging the sword of victory,” reads...
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FILE - In this May 27, 2020, file photo, a medical worker wearing personal protective equipment cleans gurneys in the emergency department intake area in New York. Hospital data related to the coronavirus pandemic in the U.S. will now be collected by a private technology firm, rather than the Centers for Disease Control and Prevention — a move the Trump administration says will speed up reporting but one that concerns some public health leaders. (AP Photo/John Minchillo, File)
July 15, 2020 - 5:54 pm
NEW YORK (AP) — Hospital data related to the coronavirus pandemic in the U.S. will now be collected by a private technology firm, rather than the Centers for Disease Control and Prevention — a move the Trump administration says will speed up reporting but one that concerns some public health...
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President Donald speaks during an event on American infrastructure at UPS Hapeville Airport Hub, Wednesday, July 15, 2020, in Atlanta. (AP Photo/Evan Vucci)
July 15, 2020 - 5:53 pm
ATLANTA (AP) — President Donald Trump announced Wednesday that he is rolling back a foundational Nixon-era environmental law that he says stifles infrastructure projects, but that is credited with keeping big construction projects from fouling up the environment and ensuring there is public input...
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July 15, 2020 - 3:10 pm
NEW DELHI (AP) — Google plans to invest $4.5 billion in India’s Jio Platforms Ltd, the company announced Wednesday, taking a 7.7% stake in the digital services company owned by multi-billion dollar Reliance Industries. Google CEO Sundar Pichai said in a tweet that the partnership with Jio will help...
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FILE - In this May 13, 2020, file photo, Ford Motor Co., line workers put together ventilators that the automaker is assembling at the Ford Rawsonville plant in Ypsilanti Township, Mich. American industry rebounded last month as factories began to reopen for the first time since being shut down by the coronavirus in Aprll. The Federal Reserve said Tuesday, June 16, 2020, that industrial production — including output at factories, mines and utilities — rose 1.4% in May after plummeting a record 12.4% in April and 4.6% in March. (AP Photo/Carlos Osorio, File)
July 15, 2020 - 10:04 am
WASHINGTON (AP) — Production at America's factories, utilities and mines surged last month, but remained well below pre-pandemic levels. The Federal Reserve said Wednesday that U.S. industrial production rose 5.4% in June, the second straight monthly gain after a 1.4% uptick in May. But it was...
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