Corporate news

Trader Fred Reimer works on the floor of the New York Stock Exchange, Friday, July 19, 2019. U.S. stocks moved broadly higher in early trading on Wall Street Friday and chipped away at the week's losses. (AP Photo/Richard Drew)
July 19, 2019 - 10:19 am
NEW YORK (AP) — U.S. stocks edged higher in morning trading on Wall Street Friday, chipping away at the week's losses. Markets have been volatile throughout the week as investors assess the latest corporate earnings reports. Financial results have so far been mixed. The S&P 500 closed at a...
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July 19, 2019 - 7:44 am
NEW YORK (AP) — American Express posted a 9% gain in second-quarter profits on Friday, helped by more of its cardmembers carrying a credit card balance and increased spending on its namesake cards. The New York company said it earned a profit of $1.76 billion, or $2.07 a share. That's up from...
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FILE - In this Thursday, March 3, 2011 file photo, a man walks past the AB InBev logos, in Leuven, Belgium. AB Inbev, the world's biggest brewer with brands like Budweiser and Corona, is selling its unit in Australia to reduce debt after it decided against listing shares in Asia. The company said Friday, July 19, 2019 it is selling Carlton & United Breweries for $16 billion AUD ($11.3 billion) to Japanese brewing rivals Asahi Group. (AP Photo/Yves Logghe, file)
July 19, 2019 - 7:26 am
BRUSSELS (AP) — AB Inbev, the world's biggest brewer with brands like Budweiser and Corona, said Friday it is selling its unit in Australia to reduce debt after it decided against listing shares in Asia. The company is selling Carlton & United Breweries for $16 billion AUD ($11.3 billion) to...
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Japan's Foreign Minister Taro Kono meets with South Korean Ambassador to Japan Nam Gwan Pyo, front right, at foreign ministry in Tokyo Friday, July 19, 2019. Japan has summoned South Korea's ambassador to protest Seoul's refusal to join in an arbitration panel to settle a dispute over World War II labor. (Masanobu Kumagai/Kyodo News via AP)
July 19, 2019 - 7:19 am
TOKYO (AP) — Japan's foreign minister on Friday summoned South Korea's ambassador and accused Seoul of violating international law by refusing to join in an arbitration panel to settle a dispute over World War II forced labor. The neighboring countries are quarreling over South Korean court...
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July 19, 2019 - 5:25 am
BEIJING (AP) — China urged Washington on Friday to "correct" sanctions imposed on Chinese companies accused of helping Iran acquire materials for its nuclear program. U.S. pressure on Iran and its "long-arm jurisdiction" against companies in third countries is the "root cause" of tension with...
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FILE - In this March 14, 2019, file photo, a worker walks next to a Boeing 737 MAX 8 airplane parked at Boeing Field in Seattle. Boeing said Thursday, July 18, it will take a $4.9 billion charge to cover possible compensation to airlines whose Max jets remain grounded after two deadly accidents. (AP Photo/Ted S. Warren, File)
July 18, 2019 - 6:16 pm
DALLAS (AP) — Boeing said Thursday it is booking a $4.9 billion charge to cover possible compensation to airlines that have canceled thousands of flights since the 737 Max jet was grounded after two deadly accidents. The airplane builder also said the Max-related fallout will cut $5.6 billion from...
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President Donald Trump speaks during a meeting with the Dutch Prime Minister Mark Rutte in the Oval Office of the White House, Thursday, July 18, 2019, in Washington. (AP Photo/Alex Brandon)
July 18, 2019 - 4:28 pm
WASHINGTON (AP) — President Donald Trump said Thursday that the administration will "take a very long look" at a massive multibillion-dollar contract the Pentagon is preparing to award for a cloud computing system, citing "tremendous complaints" he's heard about the process. Amazon Web Services Inc...
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FILE - In this Feb. 14, 2017, file photo, a rooftop is covered with solar panels at the Brooklyn Navy Yard in New York. The Manhattan skyline is at top. A new law signed Thursday by New York Gov. Andrew Cuomo sets the nation's most aggressive targets for reducing carbon emissions and is intended to drive dramatic changes over the next 30 years. It calls for all the state's electricity to come from renewable, carbon-free sources such as solar, wind and hydropower. Transportation and building heating systems would also run on clean electricity rather than oil and gas. (AP Photo/Mark Lennihan, File)
July 18, 2019 - 3:46 pm
ALBANY, N.Y. (AP) — Solar panels on every roof. Parking meters that double as car chargers. Wind turbines towering above farm fields and ocean waves. A new law signed Thursday by New York Gov. Andrew Cuomo sets the nation's most aggressive targets for reducing carbon emissions and is intended to...
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FILE - This Jan. 17, 2017, photo, shows Netflix on a tablet, in North Andover, Mass. On Thursday, July 18, 2019, Netflix said subscribers dropped unexpectedly in the U.S. during the second quarter, raising the question of how much are people willing to pay for streaming services with a host of new ones, from Disney to NBCUniversal, on the way. (AP Photo/Elise Amendola, File)
July 18, 2019 - 2:38 pm
NEW YORK (AP) — How much is too much for streaming video? A dramatic slowdown in worldwide growth at Netflix — including the first quarterly drop in its U.S. subscribers since 2011 — is raising questions about just how much are people willing to pay for streaming services. Especially with a host of...
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FILE - In this March 21, 2018, file photo member of the board of the German car manufacturer BMW, Oliver Zipse, attends the earnings press conference in Munich, Germany. On Thursday, July 18, 2019, BMW named its top production manager, Zipse, as its next CEO to lead the luxury automaker. (AP Photo/Matthias Schrader, File)
July 18, 2019 - 2:27 pm
FRANKFURT, Germany (AP) — BMW has named its top production manager, Oliver Zipse, as CEO to lead the luxury automaker through a shift to new ways of doing business such as electric vehicles and offering cars on a per-use basis. The company said Thursday that Zipse, 55, would succeed Harald Krueger...
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