Corporate news

FILE - This March 18, 2020 photo shows a Tesla charging station for automobiles in Port Huron, Mich. Tesla charged through a summertime auto industry sales slump in the U.S. to post stronger-than-expected net earnings for the third quarter. The electric car and solar panel maker says Wednesday, Oct. 21, that it made $874 million, or 27 cents per share, for its fifth-straight profitable quarter.(AP Photo/Paul Sancya, File)
October 21, 2020 - 5:51 pm
DETROIT (AP) — Tesla charged through a summertime auto industry sales slump in the U.S. to post stronger-than-expected net earnings for the third quarter. The electric car and solar panel maker said Wednesday that it made $331 million, or 27 cents per share, for its fifth-straight profitable...
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FILE - In this March 21, 2014, file photo, CSX hopper cars sit in a yard in Baltimore. CSX Corp. (CSX) on Wednesday, Oct. 21, 2020 reported third-quarter net income of $736 million. (AP Photo/Patrick Semansky, File)
October 21, 2020 - 5:37 pm
OMAHA, Neb. (AP) — CSX's third-quarter profit fell 14% but the railroad said it handled nearly as many shipments as last year, as volume recovered from the depths of the shutdowns earlier this year. The Jacksonville, Florida-based railroad said Wednesday that it earned $736 million, or 96 cents per...
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This combination photo shows Meg Whitman at The Hollywood Reporter's Women in Entertainment Breakfast Gala in Los Angeles on Dec. 11, 2019, left, and Jeffrey Katzenberg at the 26th annual Screen Actors Guild Awards in Los Angeles on Jan. 19, 2020. Katzenberg and Whitman are bringing Quibi to a phone near you with movies, shows and news served in quick bites. (AP Photo)
October 21, 2020 - 5:11 pm
Short-video app Quibi is shutting down just six months after its early April launch after struggling to find customers. The company said Wednesday that it would wind down its operations and sell its assets. The video platform — designed for people who were out and about to watch on their phones —...
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October 21, 2020 - 4:28 pm
PHOENIX (AP) — Honda has agreed to a $5 million settlement with Arizona over allegations that it failed to disclose defects in air bags that led to two deaths there, the state's top attorney said Wednesday. Attorney General Mark Brnovich announced the settlement over the faulty airbag systems...
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This Wednesday, Oct. 21, 2020 photo shows Purdue Pharma headquarters in Stamford, Conn. The Justice Department says on Wednesday, Purdue Pharma, the company that makes OxyContin, will plead guilty to three federal criminal charges as part of a settlement of more than $8 billion. OxyContin is the powerful prescription painkiller that experts say helped touch off an opioid epidemic. (AP Photo/Mark Lennihan)
October 21, 2020 - 3:00 pm
WASHINGTON (AP) — Drugmaker Purdue Pharma, the company behind the powerful prescription painkiller OxyContin that experts say helped touch off an opioid epidemic, will plead guilty to federal criminal charges as part of a settlement of more than $8 billion, the Justice Department announced...
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FILE - In this Monday, Nov. 5, 2018 file photo, a woman walks past the logo for Google at the China International Import Expo in Shanghai. By U.S. standards, the Justice Department's move to sue Google this week for abusing its dominance in online search and advertising was a bold move. But it treads on ground already broken years before by EU officials in Brussels. (AP Photo/Ng Han Guan, File)
October 21, 2020 - 10:39 am
LONDON (AP) — The U.S. antitrust crackdown on Google might seem like deja vu for European Union regulators. By U.S. standards, the Justice Department's move to sue Google this week for abusing its dominance in online search and advertising was a bold move. But it treads on ground already broken...
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FILE - In this May 8, 2020 file photo, a parking lot at a JC Penney store is empty in Roseville, Mich. J.C. Penney anticipates being out of bankruptcy protection before the December holiday season. The retailer said Wednesday, Oct. 21 that it filed a draft asset purchase agreement under which mall owners Brookfield Asset Management Inc. and Simon Property Group will acquire substantially all of its retail and operating assets through a combination of cash and new term loan debt. (AP Photo/Paul Sancya, File)
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October 21, 2020 - 6:37 am
NEW YORK (AP) — J.C. Penney believes it will emerge from bankruptcy protection before Christmas under a new ownership agreement that would save tens of thousands of jobs. The beleaguered, century-old retailer said Wednesday that it has filed a draft asset purchase agreement with the two biggest...
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FILE - In this May 28, 2020, file photo, a woman wearing face mask and face shield to help curb the spread of the new coronavirus checks surgical gown at a packing session of a garment factory at Industrial Zone in Yangon, Myanmar. The coronavirus pandemic has slammed the apparel industry, leaving many of the 65 million Asian garment factory workers struggling as factories close or cut back on wages, and the International Labor Organization is urging the industry to do more to protect them. (AP Photo/Thein Zaw, File)
October 21, 2020 - 5:50 am
MITO, Japan (AP) — The coronavirus pandemic has slammed the apparel industry, leaving many of the 65 million Asian garment factory workers struggling as factories close or cut back on wages, and the International Labor Organization is urging the industry to do more to protect them. The ILO issued a...
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FILE - In this Monday, Nov. 18, 2019, file photo, the logo of Google is displayed on a carpet at the entrance hall of Google France in Paris. The Trump administration's legal assault on Google actually feels like a blast from the past. The U.S. Justice Department filed an equally high-profile case against a technology giant in 1998. (AP Photo/Michel Euler, File)
October 21, 2020 - 1:33 am
CANBERRA, Australia (AP) — Australia’s competition watchdog will consider its own antitrust case against Google, the commission chairman said Wednesday after the U.S. Justice Department sued the company for abusing its dominance in online search and advertising. Competition and Consumer Commission...
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FILE - In this Monday, Nov. 18, 2019, file photo, the logo of Google is displayed on a carpet at the entrance hall of Google France in Paris. The Trump administration's legal assault on Google actually feels like a blast from the past. The U.S. Justice Department filed an equally high-profile case against a technology giant in 1998. (AP Photo/Michel Euler, File)
October 20, 2020 - 11:27 pm
WASHINGTON (AP) — The Trump administration's legal assault on Google actually feels like a blast from the past. The U.S. Justice Department filed an equally high-profile case against a technology giant in 1998, accusing it of leveraging a monopoly position to lock customers into its products so...
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