Corporate news

FILE - In this Monday, Sept. 21, 2020, file photo, the Wall Street sign is framed by a giant American flag hanging on the New York Stock Exchange. Stocks are edging lower on Wall Street in early trading, Tuesday, Oct. 13, 2020, as the market cools off following a four-day rally. (AP Photo/Mary Altaffer, File)
October 13, 2020 - 3:05 pm
Stocks are ending lower as Wall Street takes a pause after a four-day winning streak. The S&P 500 index fell 0.6%. Coronavirus counts are rising at a worrying degree in many countries around the world, and Johnson & Johnson said late Monday it had to temporarily pause a late-stage study of...
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FILE - This Oct. 21, 2019 file, photo shows Johnson's Baby Aloe & Vitamin E Powder in Salt Lake City. Johnson & Johnson boosted revenue slightly and doubled its third-quarter profit, mainly due to a $4 billion charge for litigation costs in the year-ago quarter. The health care giant handily beat Wall Street expectations and raised its financial forecast for the year. (AP Photo/Rick Bowmer, File)
KNSS News
October 13, 2020 - 9:15 am
Johnson & Johnson boosted revenue slightly and doubled its third-quarter profit, mainly due to a $4 billion charge for litigation costs in the year-ago quarter. The health care giant blew past Wall Street expectations and raised its financial forecast for the year. Meanwhile, the New Brunswick...
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October 13, 2020 - 7:41 am
The summer travel season was even worse than expected for Delta Air Lines, which lost $5.38 billion in the third quarter as people hunkered down at home during the pandemic. Most of the loss stemmed from the cost of paying people to quit and writing down the value of assets including planes...
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October 13, 2020 - 7:40 am
NEW YORK (AP) — Citigroup says profit fell 34% in the third quarter due to weakness in its consumer banking division. The New York-based bank said Tuesday that third-quarter net income fell to $3.23 billion from $4.91 billion in the year ago quarter. Per share earnings for the latest quarter were $...
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October 13, 2020 - 5:17 am
BEIJING (AP) — China’s vehicle sales including trucks and buses accelerated in September as the industry’s biggest global market recovered from the coronavirus pandemic, an industry group reported Tuesday. Sales rose 17.4% over a year earlier to 2.6 million vehicles, up from August’s 11.6% growth,...
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A person wearing a face mask to try to stop the spread of coronavirus walks across London Bridge, with Tower Bridge in the background, at sunrise in London, Monday, Oct. 12, 2020. In response to the coronavirus' resurgence, British Prime Minister Boris Johnson is expected to announce in Parliament on Monday a three-tier local lockdown system, formally known as "Local COVID Alert Levels," for England, his office said. (AP Photo/Matt Dunham)
October 13, 2020 - 1:37 am
BERLIN (AP) — An anti-corruption watchdog on Tuesday ranked the United States and United Kingdom as the largest exporters most active at enforcing rules meant to prohibit companies from paying bribes in foreign markets, but said many others are doing next to nothing. Berlin-based Transparency...
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FILE - This September 2020 photo provided by Johnson & Johnson shows a single-dose COVID-19 vaccine being developed by the company. A late-stage study of Johnson & Johnson’s COVID-19 vaccine candidate has been paused while the company investigates whether a study participant’s “unexplained illness” is related to the shot, the company announced Monday, Oct. 12, 2020. (Cheryl Gerber/Courtesy of Johnson & Johnson via AP, File)
October 12, 2020 - 9:27 pm
NEW BRUNSWICK, N.J. (AP) — A late-stage study of Johnson & Johnson’s COVID-19 vaccine candidate has been paused while the company investigates whether a study participant’s “unexplained illness” is related to the shot. The company said in a statement Monday evening that illnesses, accidents and...
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Texas Gov. Greg Abbott speaks during a news conference where he provided an update to Texas' response to COVID-19, Thursday, Sept. 17, 2020, in Austin, Texas. (AP Photo/Eric Gay)
October 12, 2020 - 8:58 pm
AUSTIN, Texas -- An ongoing wave of COVID-19 cases in the El Paso area prompted Gov. Greg Abbott to announce Monday that a surge team of medical professionals would be dispatched to the area. The 75 doctors, nurses and respiratory therapists being dispatched will be accompanied by a supply of extra...
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October 12, 2020 - 4:19 pm
Disney said Monday that it is reorganizing its business units to focus even more on streaming. The company said in August that its Disney Plus service has more than 60 million subscribers, and subscribers to its main combination of streaming services — Disney Plus, ESPN Plus and Hulu — top 100...
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FILE - In this Oct. 2, 2014, file photo, a statue of President George Washington on the steps of Federal Hall faces the facade of the New York Stock Exchange. Wall Street is pushing higher on Monday, Oct. 12, 2020, and tacking more gains onto last week’s rally, its best in more than three months. (AP Photo/Richard Drew, File)
October 12, 2020 - 3:35 pm
Stocks marched higher again on Monday, as Wall Street extended its gains from last week's rally, the market's best in three months. The S&P 500 rose 1.6%, following up on strengthening in stock markets around the world. Big Tech stocks, including Apple and Microsoft, powered much of the gains...
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