fbpx
57.1 F
Los Angeles
Tuesday, March 19, 2024
Home Tags Corporate news

Tag: Corporate news

Big Tech’s outsized influence draws state-level pushback

New York state Sen. Michael Gianaris was ecstatic when Amazon named Long Island City in 2018 as a front-runner for its new headquarters, a...

China erasing H&M from internet amid Xinjiang backlash

HONG KONG (AP) — H&M disappeared from the internet in China as the government raised pressure on shoe and clothing brands and announced sanctions...

The Latest: Texas state judge upholds Austin’s mask mandate

AUSTIN, Texas — A Texas judge is allowing the City of Austin to continue to require face coverings in local businesses weeks after Gov....

Dominion Voting sues Fox for $1.6B over 2020 election claims

WASHINGTON (AP) — Dominion Voting Systems filed a $1.6 billion defamation lawsuit against Fox News on Friday, arguing the cable news giant, in an...

ThredUp’s shares pop in stock market debut

NEW YORK (AP) — Shares of ThredUp rose more than 40% in their stock market debut Friday, reflecting investor enthusiasm for the online seller...

WeWork stock offer comes amid doubtful need for office space

NEW YORK (AP) — Uncertainty about demand for office space in a global pandemic is a big risk that investors will have to weigh...

EU vaccine politics reach fever pitch; Britain a target

BRUSSELS (AP) — European Union vaccine politics reached a fever pitch Friday with charges of British blackmail and unfair practices among EU members flying...

EXPLAINER: What’s a SPAC, the latest craze on Wall Street?

CHARLOTTE, N.C. (AP) — WeWork will finally go public this year, allowing investors to buy and sell its shares. But not through a traditional...

VW to seek damages from former executives for diesel scandal

BERLIN (AP) — Volkswagen is seeking damages from two former top executives for their role in the diesel emissions scandal that cost the German...

Nissan-Renault rift at center of Japanese trial of American

TOKYO (AP) — The trial of former Nissan executive Greg Kelly in a Tokyo court is increasingly focusing on a rift between Nissan Motor...

Caesars puts pandemic losses at $2B, wants insurers to pay

LAS VEGAS (AP) — Casino giant Caesars Entertainment Inc. is putting its losses because of the coronavirus pandemic in 2020 at more than $2...

Justices say accident victims can sue Ford in state courts

WASHINGTON (AP) — The Supreme Court ruled Thursday that the Ford Motor Co. can be sued in the state courts by people who were...

Fed says restrictions on bank dividends and buybacks to end

WASHINGTON (AP) — The Federal Reserve said Thursday that as of June 30 it will end for most banks the temporary limits it had...

GM expands board to 13 with Meg Whitman and NBA’s Mark Tatum

DETROIT (AP) — General Motors said Thursday that it has expanded its board to 13 members and appointed former Hewlett-Packard chief Meg Whitman and...

Congress questions Texas officials about power grid failure

DALLAS (AP) — Congress is looking into last month’s massive and deadly power outages across Texas and questioning officials who oversee the state’s...

Free breadsticks and reasons for hope at Olive Garden

The company that runs the Olive Garden chain is raising pay for its workers and handing out one-time bonuses, a sign of optimism from...

As freeze in air travel begins to thaw, United adds flights

With confidence rising that the end of the pandemic is growing closer, airlines are starting to revive flights that vanished last year as people...

AstraZeneca confirms strong vaccine protection after US rift

AstraZeneca insisted that its COVID-19 vaccine provides strong protection even after counting additional illnesses in its U.S. study, as the drugmaker responded to concerns...

Myanmar junta uses force on streets; US, UK target finances

YANGON, Myanmar (AP) — As Myanmar's junta used violence again Thursday to try to suppress protests against the military's takeover, the United States and...

EXPLAINER: What N Korean missile tests mean for US relations

SEOUL, South Korea (AP) — New U.S. president, same old North Korean playbook. Almost. ...

CEO says Harry hire is a natural fit, not a publicity stunt

SAN FRANCISCO (AP) — The CEO of BetterUp Inc. said Wednesday that he hired Prince Harry as an executive because of his tenacious advocacy...

Ex-US vaccine chief fired over sexual harassment allegations

The former chief science adviser for the U.S. effort to rapidly develop COVID-19 vaccines has been fired from the board of directors of a...

Lawsuits mount for Nevada-based Real Water, amid FDA probe

LAS VEGAS (AP) — Lawsuits are mounting against a Las Vegas-based bottled water brand, Real Water, amid a U.S. Food and Drug Administration investigation...

Betting sites offer software blocks for compulsive gamblers

ATLANTIC CITY, N.J. (AP) — Some sports betting companies are offering tools that allow compulsive gamblers to block themselves from most online sites. ...

GameStop weighing stock offering to fund transformation

GameStop is considering selling some of its shares, a move that would enable the video-game retailer to capitalize on the massive surge in its...

Orders for manufactured goods tumbled 1.1% last month

WASHINGTON (AP) — Orders to U.S. factories for big-ticket manufactured goods slumped 1.1% in February with demand in a key sector that tracks business...

Japan’s Toyota, Isuzu, Hino join in truck technology tie up

TOKYO (AP) — Japanese automakers Toyota, Isuzu and Hino said Wednesday they are setting up a partnership in commercial vehicles to work together in...

Slower mail, fewer office hours part of Postal Service plans

Postmaster General Louis DeJoy on Tuesday announced plans to slow mail delivery standards and cut hours at some post offices as part of a...

German firm plea, $50M payment settles US drug purity probe

LAS VEGAS (AP) — An international pharmaceutical company pleaded guilty as planned Tuesday in a U.S. court after agreeing to pay $50 million for...

Intel announces Arizona expansion as chipmaker seeks footing

CHANDLER, Ariz. (AP) — Intel announced Tuesday it will build two new factories in Arizona and outsource more of its production as a new...

Stock trading app company Robinhood files plan to go public

CHARLOTTE, N.C. (AP) — Stock trading app company Robinhood said Tuesday that it has submitted a confidential plan to go public later this year. ...

Parler network founder claims GOP donor, others defamed him

LAS VEGAS (AP) — The developer of the conservative social network Parler is alleging he was defamed and improperly ousted by a prominent Republican...

GameStop lost $215 million in fiscal year; online sales gain

GameStop, the video game retailer at the center of a social-media driven investment frenzy, said it lost $215 million in the 12 months ended...

Prince Harry joins coaching startup as chief impact officer

NEW YORK (AP) — Prince Harry has joined the corporate world as employee coaching and mental health firm BetterUp Inc.'s Chief Impact Officer. ...

AstraZeneca accused of cherry-picking vaccine study data

WASHINGTON (AP) — AstraZeneca may have included “outdated information” in touting the effectiveness of its COVID-19 vaccine in a U.S. study, federal health officials...

Amazon brings back former executive to run cloud business

NEW YORK (AP) — Amazon said Tuesday that it’s bringing back a former executive to run its cloud-computing unit, which has become the online...

Police respond to reports of gun at California veterans home

YOUNTVILLE, Calif. (AP) — Police in Northern California's Napa County responded to a report of a woman with a shotgun at a veterans home...

Sinovac says its vaccine is safe for children as young as 3

TAIPEI, Taiwan (AP) — Sinovac said its COVID-19 vaccine is safe in children ages 3-17, based on preliminary data, and it has submitted the...

Overstimulated? Stocks soar 75% in historic 12-month run

NEW YORK (AP) — It was one year ago that the terrifying free fall for the stock market suddenly ended, ushering in one of...

US officials: AstraZeneca may have included “outdated information” in its COVID-19 vaccine trial

WASHINGTON (AP) — US officials: AstraZeneca may have included "outdated information" in its COVID-19 vaccine trial.

The Latest: Sinovac: CoronaVac vaccine effective in children

BEIJING — Sinovac said on Monday that its COVID-19 vaccine CoronaVac is safe and effective in children ages 3-17. ...

Big railroad deal seen more likely to gain regulators’ OK

OMAHA, Neb. (AP) — Wary regulators have not approved a major railroad merger since the 1990s, but industry analysts say Canadian Pacific's proposed $25...

Overstimulated? Stocks soar 75% in historic 12-month run

NEW YORK (AP) — It was one year ago that the terrifying free fall for the stock market suddenly ended, ushering in one of...

For television, NFL deal is likely a matter of survival

NEW YORK (AP) — The $113 billion deal to telecast NFL games through 2033 is head-swimmingly large — until you consider that the very...

Putin to get coronavirus vaccine shot in Russia on Tuesday

MOSCOW (AP) — President Vladimir Putin said he will get a coronavirus vaccine shot on Tuesday, several months after widespread vaccination started in Russia....

Auto industry braces for more chip shortages after fire

NEW YORK (AP) — A fire at a plant owned by Japanese chipmaker Renesas could deepen the ongoing global semiconductor shortage that has especially...

Saudi oil giant Aramco reports 30% drop in payments to state

DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state-backed oil giant Aramco paid the Saudi government 30% less in taxes in 2020, the company...

Ikea France on trial over claims it spied on staff, clients

VERSAILLES, France (AP) — Ikea’s French subsidiary and several of its former executives went on trial Monday over accusations that they illegally spied on...

2nd Canadian goes on trial in China on spying charges

BEIJING (AP) — A second Canadian citizen held for more than two years on spying charges in apparent retaliation for Canada’s arrest of a...

A year into pandemic, veterans halls ‘barely hanging’ on

NEW BEDFORD, Mass. (AP) — Paul Guilbeault knew the writing was on the wall for the last Veterans of Foreign Wars post in this...

Canadian Pacific agrees to buy Kansas City Southern for $25B

NEW YORK (AP) — Canadian Pacific Railway Ltd. has agreed to buy Kansas City Southern for $25 billion in cash and stock, creating the...

Oil giant Saudi Aramco sees 2020 profits drop to $49 billion

DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state-backed oil giant Aramco announced Sunday that its profits nearly halved in 2020 to $49 billion,...

The Latest: UNLV now plans in-person spring graduation

LAS VEGAS — The University of Nevada, Las Vegas is changing course and now plans in-person spring graduation ceremonies in May as the coronavirus...

Biden is on his heels amid a migrant surge at Mexico border

WASHINGTON (AP) — Somehow, they didn’t see it coming. ...

Biden’s top aides unlikely to qualify for relief payments

WASHINGTON (AP) — At least one group in America is unlikely to get any money from President Joe Biden’s $1.9 trillion economic rescue plan...

Twitter to establish legal entity in Turkey, comply with law

ISTANBUL (AP) — Twitter has announced it will establish a legal entity in Turkey in order to continue operating in the country, which passed...

Russian man pleads guilty in Nevada to plot to extort Tesla

RENO, Nev. (AP) — A Russian man has pleaded guilty in the U.S. to offering a Tesla employee $1 million to cripple the electric...

Wall Street closing lower; bank stocks fall

Wall Street closed out a choppy week of trading Friday with major stock indexes mostly lower and all finishing in the red for the...

2 Royal Caribbean lines to resume Caribbean cruises in June

MIAMI (AP) — Two Royal Caribbean cruises will resume in June, ending a yearlong hiatus, but passengers 18 and older must test negative for...

Battling bigness: Congress eyes action against monopolies

WASHINGTON (AP) — The battle against bigness is building. Whether it’s beer, banks or book publishing, lawmakers are targeting major industries they say have...

DeWine picks ex-judge as new Ohio utility commission chair

COLUMBUS, Ohio (AP) — A former county judge was selected Friday by Republican Gov. Mike DeWine as the next chair of the Public Utilities...

Report: DOJ investigating Visa over debit card business

CHARLOTTE, N.C. (AP) — Visa is under investigation by the Department of Justice's antitrust division over whether the company pushes merchants into more expensive...

Canadian tried in China on spy charges, no verdict announced

DANDONG, China (AP) — China on Friday put on trial one of two Canadians held for more than two years in apparent retaliation for...

L.L. Bean sees sales boom amid pandemic’s push to outdoors

FREEPORT, Maine (AP) — With Americans hunkering down and hankering to get outdoors during the pandemic, L.L. Bean recorded its best annual sales growth...

The Latest: Australia seeks vaccine aid for Papua New Guinea

CANBERRA, Australia — Australian Prime Minister Scott Morrison says he is working with U.S., Indian and Japanese partners to provide emergency coronavirus vaccine to...

Founders of California fecal matter-testing company indicted

SAN FRANCISCO (AP) — Two Silicon Valley entrepreneurs who founded a biotech company that tested fecal matter are accused of bilking their investors and...

Chip shortage forces Ford to build trucks without computers

DETROIT (AP) — A global semiconductor shortage and a February winter storm have combined to force Ford to build F-150 pickup trucks without some...

Prepare the popcorn: AMC opening more movie theaters

It's showtime! AMC Theatres says it will have 98% of its U.S. movie theaters open on Friday as a bunch of theaters reopen in...

FedEx’s profit nearly triples as online shopping grows

NEW YORK (AP) — FedEx said Thursday that its profit nearly tripled in its most recent quarter, despite winter weather that hobbled some of...

Les Wexner exits board, severs last ties to retail empire

NEW YORK (AP) — Billionaire retail icon Les Wexner is severing his last ties with the retail empire that he founded in 1963. ...

JetBlue considers whether to leave NYC and move to Florida

NEW YORK (AP) — JetBlue Airways is considering whether to stay in New York, where it was founded two decades ago, or move its...

EXPLAINER: Will you need a ‘vaccine passport’ to travel?

Airlines and others in the travel industry are throwing their support behind so-called vaccine passports to boost pandemic-depressed travel, and authorities in Europe could...

Port operator DP World sees 2020 profits drop 29% amid virus

DUBAI, United Arab Emirates (AP) — Dubai-based port operator DP World announced Thursday its profits slid 29% in 2020 from the previous year to...

EXPLAINER: Why is California Gov. Newsom facing a recall?

LOS ANGELES (AP) — California Gov. Gavin Newsom is facing the possibility that he could be removed by voters in a recall election in...

Amazon jumps into health care with telemedicine initiative

FALLS CHURCH, Va. (AP) — Amazon is making its first foray into providing health care services, announcing Wednesday that it will be offering its...

Founder of Chinese e-commerce firm Pinduoduo departs

HONG KONG (AP) — Colin Huang, founder of the Chinese e-commerce firm Pinduoduo, stepped down as chairman Wednesday just as the company’s annual user...

German automaker BMW ramps up electric vehicle offerings

FRANKFURT, Germany (AP) — German automaker BMW said Wednesday it intends to speed the rollout of new electric cars, vowing to bring battery-powered models...

Corporations become unlikely financiers of racial equity

In the months since the police killing of George Floyd sparked a racial reckoning in the United States, American corporations have emerged as an...

West African court allows extradition to US of Venezuelan

LISBON, Portugal (AP) — Cape Verde’s Supreme Court ruled Wednesday that a businessman close to Venezuelan President Nicolás Maduro who was arrested last year...

Child border crossings surging, straining US facilities

WASHINGTON (AP) — A surge of migrants on the Southwest border has the Biden administration on the defensive, with the head of Homeland Security...

Texas company behind huge electricity bills seeks bankruptcy

The company that drew attention after sending huge electricity bills to customers after last month’s blackout-causing winter storm in Texas has filed for bankruptcy...

Rescuers save 2 from pickup dangling over deep Idaho gorge

BOISE, Idaho (AP) — Authorities say a set of camp trailer safety chains and quick, careful work by emergency crews saved two people after...

Google gets into sleep surveillance with new Nest Hub screen

SAN RAMON, Calif. (AP) — Google's next internet-connected home device will test whether consumers trust the company enough to let it snoop on their...

Nokia to cut up to 10,000 jobs to ramp up R&D in 5G race

HELSINKI (AP) — Wireless network maker Nokia says it is planning to cut up to 10,000 jobs, or over 10% of its staff, to...

Icy weather sends industrial production down 2.2% last month

WASHINGTON (AP) — Industrial output fell sharply in February as severe winter storms battered much of the country, disrupting a wide range of manufacturing...

Iran starts trial of new homegrown vaccine as campaign lags

TEHRAN, Iran (AP) — Iran's campaign to inoculate its population against the coronavirus and promote itself as an emerging vaccine manufacturer inched on as...

China approves another COVID-19 vaccine for emergency use

TAIPEI, Taiwan (AP) — China has approved a new COVID-19 vaccine for emergency use, one that was developed by the head of its Center...

Foxconn mulls making electric vehicles at Wisconsin plant

TAIPEI, Taiwan (AP) — Foxconn Technology Group, the world's largest electronics manufacturer, is considering making electric vehicles at its highly anticipated Wisconsin plant that...

China state TV raps Kohler, BMW for using facial recognition

BEIJING (AP) — Chinese state TV has criticized bathroom fixtures brand Kohler and automaker BMW for the use of facial recognition technology on visitors...

California sues major US nursing home operator over ratings

SACRAMENTO, Calif. (AP) — California's attorney general and local officials sued the nation's largest senior living home operator Monday, alleging the company misled consumers...

Volkswagen plans six battery factories to ramp up electrics

FRANKFURT, Germany (AP) — Volkswagen plans six large battery factories in Europe by 2030 to power sales of more electric cars while driving down...

WNBA rolls out plans for 25th season celebration

NEW YORK (AP) — The WNBA hopes to be back in home arenas for its 25th season this summer. ...

Hope that South Africa’s COVID-19 corruption inspires action

CAPE TOWN, South Africa (AP) — There's some hope in South Africa that this time the outrage against corruption inspires effective action. ...

Average US price of gas up 25 cents a gallon to $2.89

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline jumped 25 cents a gallon over the past three weeks to $2.89. ...

Timing key in consulting deal between FirstEnergy, regulator

COLUMBUS, Ohio (AP) — Shortly before a utility lawyer and lobbyist was appointed Ohio’s top regulator of electric and power generating companies, he received...

Why the pandemic left long-term scars on global job market

Esther Montanez's housecleaning job at the Hilton Back Bay in Boston was a lifeline for her, a 31-year-old single mother with a 5-year-old son. ...

Korean battery firm offers Georgia plant as dispute lingers

ATLANTA (AP) — With a giant battery factory in northeast Georgia hanging in the balance of a trade dispute, South Korean company LG Energy...

Biden boosts US vaccine stockpile as world waits

WASHINGTON (AP) — President Joe Biden has directed his administration to order another 100 million doses of the Johnson & Johnson coronavirus vaccine, growing...

Labor movement targets Amazon as a foothold in the South

BESSEMER, Ala. (AP) — The South has never been hospitable to organized labor. But that may be changing, with an important test in Alabama,...

Nonprofits hail anti-poverty aspects of COVID relief measure

Nonprofit advocates have hailed Congress’ passage of a $1.9 trillion pandemic relief measure that has the potential to lift millions of people out of...

Weather - Click The Icon To Change Locations

Los Angeles
clear sky
57.1 ° F
60.6 °
52.7 °
75 %
1.6mph
0 %
Tue
73 °
Wed
74 °
Thu
73 °
Fri
73 °
Sat
69 °
WatchOurCity.com