Corporate news

United Auto Workers members picket outside the General Motors Detroit-Hamtramck assembly plant in Hamtramck, Mich., early Monday, Sept. 16, 2019. Roughly 49,000 workers at General Motors plants in the U.S. planned to strike just before midnight Sunday, but talks between the UAW and the automaker will resume. (AP Photo/Paul Sancya)
KNSS News
September 16, 2019 - 9:50 am
DETROIT (AP) — A strike by over 49,000 United Auto workers against General Motors could have been averted had the company made its latest offer sooner, the union's top negotiator said in a letter to the company. In the letter dated Sunday, UAW Vice President Terry Dittes told GM's labor relations...
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FILE - In this April 2, 2018, file photo, a pharmacist in San Francisco poses for photos holding a bottle of OxyContin. In court papers filed in New York on Sunday, Sept. 15, 2019, Purdue Pharma, the drug's manufacturer, flied for Chapter 11 bankruptcy protection. (AP Photo/Jeff Chiu, File)
KNSS News
September 16, 2019 - 7:07 am
OxyContin maker Purdue Pharma and its owners expressed sympathy but not responsibility for the nation's opioid crisis as the company filed for bankruptcy protection late Sunday night, part of a move to settle some 2,600 lawsuits — most from state and local governments. "Like families across America...
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Storage tanks are seen at the North Jiddah bulk plant, an Aramco oil facility, in Jiddah, Saudi Arabia, Sunday, Sept. 15, 2019. The weekend drone attack in Buqyaq on one of the world's largest crude oil processing plants that dramatically cut into global oil supplies is the most visible sign yet of how Aramco's stability and security is directly linked to that of its owner -- the Saudi government and its ruling family. (AP Photo/Amr Nabil)
September 16, 2019 - 4:58 am
The loss of 5% of world crude oil output from an attack on Saudi Arabia's largest oil processing plant pushed crude prices sharply higher on Monday. U.S. crude oil was trading 9% higher while Brent crude added more than 9.4%. The attack on the Saudi Aramco facility halted output of more than half...
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In this Thursday, Sept. 5, 2019, photo, a roadside fruit seller waits for customers as vehicles drive past in Noida on the outskirts of New Delhi, India. Confidence in the Indian economy is giving way to uncertainty as growth in the labor-intensive manufacturing sector has come to a near standstill, braking to 0.6% in the last quarter from 12.1% in the same period a year earlier. (AP Photo/Altaf Qadri)
September 16, 2019 - 2:10 am
NEW DELHI (AP) — Anuj Kapoor took over his father's booming auto parts business in 2012, hoping to elevate the company from selling to suppliers to selling directly to carmakers. Seven years later, he's had to lay off half his workers as drooping sales caused his profit to plummet by at least 80%...
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Storage tanks are seen at the North Jiddah bulk plant, an Aramco oil facility, in Jiddah, Saudi Arabia, Sunday, Sept. 15, 2019. The weekend drone attack in Buqyaq on one of the world's largest crude oil processing plants that dramatically cut into global oil supplies is the most visible sign yet of how Aramco's stability and security is directly linked to that of its owner -- the Saudi government and its ruling family. (AP Photo/Amr Nabil)
September 16, 2019 - 12:55 am
DUBAI, United Arab Emirates (AP) — The weekend drone attack on the world's largest crude oil processing plant in Saudi Arabia that dramatically cut into global oil supplies is the most visible sign yet of how Aramco's stability and security is directly linked to that of its owners — the Saudi...
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FILE - In this April 2, 2018, file photo, a pharmacist in San Francisco poses for photos holding a bottle of OxyContin. In court papers filed in New York on Sunday, Sept. 15, 2019, Purdue Pharma, the drug's manufacturer, flied for Chapter 11 bankruptcy protection. (AP Photo/Jeff Chiu, File)
September 15, 2019 - 10:27 pm
The company that made billions selling the prescription painkiller OxyContin has filed for bankruptcy days after reaching a tentative settlement with many of the state and local governments suing it over the toll of opioids. The filing late Sunday night in White Plains, New York, was anticipated...
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This image provided on Sunday, Sept. 15, 2019, by the U.S. government and DigitalGlobe and annotated by the source, shows damage to the infrastructure at at Saudi Aramco's Kuirais oil field in Buqyaq, Saudi Arabia. The drone attack Saturday on Saudi Arabia's Abqaiq plant and its Khurais oil field led to the interruption of an estimated 5.7 million barrels of the kingdom's crude oil production per day, equivalent to more than 5% of the world's daily supply. (U.S. government/Digital Globe via AP)
September 15, 2019 - 9:18 pm
An attack on Saudi Arabia's largest oil processing plant pushed crude prices sharply higher Monday, though its longer-term impact depends on how long production is disrupted and the attack's future implications. U.S. crude oil jumped $5.61 per barrel, or 10.2%, to $60.46 per barrel in electronic...
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Terry Dittes, director of the UAW GM department, announces that GM workers will go on a national strike at midnight on Sunday Sept. 15, 2019 in the Marriott Renaissance Hotel, in Detroit, Mi. (Clarence Tabb, Jr./Detroit News via AP)
September 15, 2019 - 7:09 pm
DETROIT (AP) — Roughly 49,000 workers at General Motors plants in the U.S. plan to go on strike just before midnight Sunday, but talks between the United Auto Workers and the automaker will resume. About 200 plant-level union leaders voted unanimously in favor of a walkout during a meeting Sunday...
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FILE - This May 16, 2014, file photo shows the General Motors logo at the company's world headquarters in Detroit. The United Auto Workers union is letting its contract with General Motors expire just before midnight Saturday, Sept. 14, 2019, increasing the likelihood of a strike as early as Sunday night. (AP Photo/Paul Sancya, File)
September 15, 2019 - 6:30 pm
DETROIT (AP) — The Latest on labor strife at General Motors factories (all times local): 7:20 p.m. United Auto Workers says contract talks with General Motors will resume Monday morning, but the threat of a strike remains. Union spokesman Brian Rothenberg says the negotiations are slated to begin...
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September 15, 2019 - 11:50 am
LOS ANGELES (AP) — SoFi Stadium is the name of the palatial new home of the Los Angeles Rams and the Los Angeles Chargers. The growing personal finance company formally known as Social Finance has reached a 20-year agreement for the naming rights to the multibillion-dollar stadium complex in...
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