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FILE - This Aug. 23, 2018, file photo shows a window display at a Gap Kids clothing store in Winter Park, Fla. The Gap Inc. reports financial results Thursday, Aug. 22. (AP Photo/John Raoux, File)
August 22, 2019 - 5:27 pm
NEW YORK (AP) — Gap Inc.'s fiscal second quarter profits fell 43%, dragged down by costs related to store closings and the restructuring of its business. The beleaguered San Francisco-based chain also reported comparable sales declines at its three top brands, including at Old Navy, once a bright...
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In this photo provided by South Korea Presidential Blue House, South Korean President Moon Jae-in listens a report from officials about the General Security of Military Information Agreement, or GSOMIA, at the Presidential Blue House in Seoul, South Korea, Thursday, Aug. 22, 2019. South Korea will stop exchanging classified intelligence on North Korea with Japan amid a bitter trade dispute, an official said Thursday, a surprise announcement that is likely to set back U.S. efforts to bolster security cooperation with two of its most important allies in the Asian region. (South Korea Presidential Blue House via AP)
August 22, 2019 - 2:26 pm
SEOUL, South Korea (AP) — South Korea said Thursday it will terminate an intelligence-sharing deal with Japan that focused on classified information about North Korea, a surprise announcement that is likely to set back U.S. efforts to bolster security cooperation with two of its most important...
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Huawei's founder Ren Zhengfei, looks on during an interview at the Huawei campus in Shenzhen in Southern China's Guangdong province on Tuesday, Aug. 20, 2019. Ren said he expects no relief from U.S. export curbs due to the political climate in Washington but expresses confidence the company will thrive with its own technology. (AP Photo/Ng Han Guan)
August 20, 2019 - 11:28 am
SHENZHEN, China (AP) — The founder of Chinese tech giant Huawei said Tuesday he expects no relief from U.S. export curbs because of the political climate in Washington but expressed confidence the company will thrive because it is developing its own technology. Ren Zhengfei also said he doesn't...
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A woman walks by an electronic stock board of a securities firm in Tokyo, Tuesday, Aug. 20, 2019. Asian shares were mostly higher Tuesday after Wall Street rallied on the U.S. decision to give Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. (AP Photo/Koji Sasahara)
August 20, 2019 - 7:08 am
TOKYO (AP) — Global shares were mixed Tuesday after rallying a day earlier on the U.S. decision to give Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. Markets around the world have been swinging back and forth for months on incremental developments in the U.S...
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A woman walks by an electronic stock board of a securities firm in Tokyo, Tuesday, Aug. 20, 2019. Asian shares were mostly higher Tuesday after Wall Street rallied on the U.S. decision to give Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. (AP Photo/Koji Sasahara)
August 19, 2019 - 11:01 pm
TOKYO (AP) — Asian shares were mostly higher Tuesday after Wall Street rallied on the U.S. decision to give Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. That decision appeared to inspire a buying mood among investors eager for any signs of progress in the...
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FILE - In this April 10, 2019, photo JPMorgan Chase chairman and CEO Jamie Dimon testifies before the House Financial Services Committee during a hearing on Capitol Hill in Washington. A group of influential CEOs, which included Dimon, is changing its view on corporations, saying it’s no longer just about shareholders. The Business Roundtable said Monday, Aug. 19, that its new statement on “the purpose of a corporation” emphasizes that all stakeholders are important, which includes workers, suppliers, customers and the communities their businesses are in. (AP Photo/Patrick Semansky, File)
August 19, 2019 - 7:48 pm
The "shareholder comes first" has for years been the mantra of the Business Roundtable, a group that represents the most powerful CEOs in America and their thinking. The group's new principles on the role of a corporation released Monday imply a foundational shift, putting shareholders on more...
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Elaine Younger, 11, and Tahvion Williams, 14, right, load water in their family's van at the Newark Health Department in Newark, N.J., Wednesday, Aug. 14, 2019. Residents began picking up bottled water on Monday, days after elevated lead levels were found in homes where city-issued filters had been distributed months ago as part of an ongoing effort to combat contamination. (AP Photo/Seth Wenig)
August 15, 2019 - 5:48 pm
NEWARK, N.J. (AP) — New Jersey's largest city faced off in court Thursday against an environmental group seeking to force officials to expand the distribution of bottled water to more residents facing potentially high lead levels. The arguments in federal court came days after the U.S...
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This undated photo provided by the TB Alliance in August 2019 shows the drug pretomanid. On Wednesday, Aug. 14, 2019, the U.S. Food and Drug Administration approved pretomanid, the first tuberculosis drug developed by a nonprofit group. The TB Alliance was formed to come up with better treatments for the pulmonary disease. (TB Alliance via AP)
August 14, 2019 - 3:16 pm
TRENTON, N.J. (AP) — U.S. regulators Wednesday approved a new tuberculosis medicine that shortens and improves treatment for the hardest-to-treat cases, a worsening problem in many poor countries. It's the first TB drug from a nonprofit group. The TB Alliance, formed to come up with better...
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FILE- This May 2, 2017, file photo shows corporate signage at Macy's flagship store in New York. Macy’s is lowering its annual earnings guidance after the department store struggled through the second quarter and was forced to mark down prices. The department store said Wednesday, Aug. 14, 2019, a combination of factors including a fashion miss, slow sell-through of warm weather fashions and the accelerated decline in tourism caused rising inventory levels. (AP Photo/Bebeto Matthews, File)
August 14, 2019 - 11:54 am
NEW YORK (AP) — Macy's lowered its annual earnings guidance after the department store struggled with a big earnings miss during the second quarter as it was forced to slash prices on unsold merchandise. The department store said Wednesday a combination of factors including a fashion miss, slow...
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FILE - In this Feb. 13, 2012, file photo, a CBS logo is displayed on the exterior of CBS Scene Restaurant and Bar, at Gillette Stadium, in Foxborough, Mass. CBS and Viacom said Tuesday, Aug. 13, 2019, that they will reunite, bringing together their networks and the Paramount movie studio as traditional media giants bulk up to challenge streaming companies like Netflix. (AP Photo/Steven Senne, File)
August 13, 2019 - 2:06 pm
NEW YORK (AP) — CBS and Viacom announced a long-anticipated reunion Tuesday, bringing together their television networks and the Paramount movie studio as traditional media giants bulk up to challenge streaming companies like Netflix. Viacom CEO Bob Bakish, who will become CEO of the combined...
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