Corporate news

In this Dec. 12, 2019 photo provided by Biogen, a scientist works on Alzheimer’s disease research in a laboratory at the drugmaker’s headquarters in Cambridge, Mass. On Friday, Nov. 6, 2020, a panel of outside experts will meet to advise the Food and Drug Administration on the drug, called aducanumab from Biogen Inc. and Japan’s Eisai Co. The drug does not cure or reverse Alzheimer’s; the claim is that it modestly slows the rate of decline. (David A. White/Biogen via AP)
November 06, 2020 - 4:50 pm
WASHINGTON (AP) — Government health advisers sharply criticized a closely watched Alzheimer’s drug on Friday, concluding there wasn’t enough evidence that the experimental drug slowed the brain-destroying disease. The panel of outside experts for the Food and Drug Administration agreed that a...
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FILE - In this Sept. 2, 2020 file photo, a customer wears a face mask as they carry their order past a now hiring sign at an eatery in Richardson, Texas. On Thursday, Nov. 5, the number of Americans seeking unemployment benefits fell slightly last week to 751,000, a still-historically high level that shows that many employers keep cutting jobs in the face of the accelerating pandemic. (AP Photo/LM Otero, File)
November 06, 2020 - 3:14 pm
WASHINGTON (AP) — Defying fears of another slowdown, U.S. businesses kept hiring at a solid pace in October, yet there are signs they remain cautious about the economy's future as the pandemic worsens. The Labor Department said Friday that employers added 638,000 jobs and the unemployment rate...
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FILE - In this Wednesday, Oct. 14, 2020 file photo, the American Flag hangs outside the New York Stock Exchange in New York. U.S. stocks are slipping Friday, Nov. 6, as Wall Street takes its first breather from a torrid run this week on enthusiasm about the upside of potential gridlock in Washington. (AP Photo/Frank Franklin II)
KNSS News
November 06, 2020 - 3:13 pm
NEW YORK (AP) — Wall Street paused Friday after a furious four-day rally gave the market its biggest weekly gain since April. Investors are anticipating that the election this week will result in more partisan gridlock in Washington, keeping business-friendly policies in place. The S&P 500 fell...
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FILE - In this March 11, 2020 file photo, people walk outside the Marriott Long Wharf hotel in Boston. Marriott says it saw dramatic improvement in the third quarter as travel demand rebounded in China. (AP Photo/Steven Senne, File)
KNSS News
November 06, 2020 - 10:51 am
Marriott saw dramatic improvement in the third quarter as travel demand rebounded in China. But Marriott President and CEO Arne Sorenson said the recovery remains bumpy, and reinstated lockdowns in Europe and elsewhere could clip bookings. “Even in China, where there is a much broader sense that...
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A man walks by the closed English and American literature Shakespeare and Co. bookstore in Paris, France, Thursday, Nov. 05, 2020. Iconic Parisian bookshop Shakespeare and Co. has launched a support appeal to its readers after its owners say that coronavirus-linked losses, and a crippling months-long lockdown, have left the future of the veritable institution in doubt. "We've been minus 80 percent since the first confinement in March, so at this point we've used all our savings," Sylvia Whitman, daughter of the shop's co-founder George Whitman, told the Associated Press. (AP Photo/Francois Mori)
November 06, 2020 - 5:25 am
PARIS (AP) — Shakespeare and Company, the iconic Paris bookstore that published James Joyce’s “Ulysses” in 1922, is appealing to readers for support after pandemic-linked losses and France's spring coronavirus lockdown put the future of the Left Bank institution in doubt. The English-language...
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A visitor wearing a face mask to help curb the spread of the coronavirus walks by the logo of Toyota Motor Corp. at its showroom in Tokyo, Monday, Nov. 2, 2020. Toyota’s July-September profit fell 11% as the coronavirus pandemic slammed global demand, but Japan’s top automaker appeared to be holding up well, compared to weaker rivals that have sunk into the red. (AP Photo/Koji Sasahara)
November 06, 2020 - 1:40 am
TOKYO (AP) — Toyota’s July-September profit fell 11% from a year earlier as the coronavirus pandemic slammed global demand, but Japan’s top automaker appeared to be holding up better than weaker rivals that have sunk into the red. Toyota Motor Corp. reported Friday a quarterly profit of 470.5...
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FILE - In this Wednesday, June 24, 2020 file photo, a volunteer receives an injection at the Chris Hani Baragwanath hospital in Soweto, Johannesburg, as part of Africa's first participation in a COVID-19 vaccine trial developed at the University of Oxford in Britain in conjunction with the pharmaceutical company AstraZeneca. On Friday, Oct. 23, 2020, AstraZeneca Inc. announced that the Food and Drug Administration is letting it resume testing of its COVID-19 vaccine candidate in the U.S. (Siphiwe Sibeko/Pool via AP)
November 05, 2020 - 3:51 pm
LONDON (AP) — AstraZeneca hopes to show its COVID-19 vaccine is effective by the end of this year and is ramping up manufacturing so it can supply hundreds of millions of doses starting in January, Chief Executive Pascal Soriot said Thursday. The Anglo-Swedish drugmaker is working with the...
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FILE- This Jan. 16, 2019, photo shows a Cadillac ATS V in Detroit. General Motors posted stronger-than-expected earnings in the third quarter, pulling in $4 billion in profit just one quarter after losing money due to the virus outbreak. GM said, Thursday, Nov. 5, 2020, it had adjusted earnings of $2.78 per share on revenue of $35.5 billion. (AP Photo/Paul Sancya, File)
KNSS News
November 05, 2020 - 7:09 am
DETROIT (AP) — General Motors is posting huge third quarter numbers, pulling in $4 billion in profit over three months after losing money due to the virus outbreak. GM's adjusted earnings were $2.83 per share, easily outpacing Wall Street's per-share projections of $1.43, according to a survey by...
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A shopper passes by an ad for Super Mario of Nintendo at an electronics store in Tokyo, Monday, Nov. 2, 2020. (Nintendo, the Japanese company behind Super Mario and Pokemon video games, reported Thursday that its fiscal first half profit more than tripled as passed time while stuck at home during the pandemic playing games. AP Photo/Koji Sasahara)
November 05, 2020 - 2:33 am
TOKYO (AP) — Nintendo, the Japanese company behind Super Mario and Pokemon video games, reported Thursday that its fiscal first half profit more than tripled as passed time while stuck at home during the pandemic playing games. Kyoto-based Nintendo Co.’s profit for the six months through September...
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In this Friday, Oct. 23, 2020 photo, the figure of Ant Group's mascot is displayed at the Ant Group office in Hong Kong. China's Ant Group will try to raise nearly $35 billion in its initial public offering in Shanghai and Hong Kong, which would make it the largest share offering in history. Alibaba-affiliated Ant Group, which operates a suite of financial products including the widely-used Alipay digital wallet in China and one of the world's largest money market funds, will hold dual listings in Shanghai and Hong Kong. (AP Photo/Kin Cheung)
November 04, 2020 - 6:46 pm
BEIJING (AP) — The world’s biggest online finance company was racing toward a stock market debut when it was derailed by Beijing's anxiety about risks in the fledgling industry, jarring global investors and deepening uncertainty about China’s financial markets. Regulators suspended Ant Group's...
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