Corporate news

FILE -In this June 16, 2020 file photo, a sign for a Wall Street building is shown in New York. Earnings reporting season is about to get underway for big companies, and the forecasts are grim. Wall Street expects S&P 500 companies to report profits plunged by the most since the depths of the Great Recession during the second quarter. Earnings reports tend to matter deeply to investors because stock prices track the path of earnings over the long term. (AP Photo/Mark Lennihan, File)
July 09, 2020 - 10:28 am
NEW YORK (AP) — Like that last roll of ultra-thin toilet paper left on the shelves or the latest Star Wars movies, it’s tough to be disappointed in something when expectations were low to begin with. That’s how Wall Street is approaching the upcoming earnings season for companies. CEOs across the...
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A man walks past an informational mural with messages in English and Swahili warning people about the dangers of the new coronavirus and how to prevent transmission, painted by youth artists from the Uweza Foundation, in the Kibera slum, or informal settlement, of Nairobi, Kenya Wednesday, July 8, 2020. Africa now has more than a half-million confirmed coronavirus cases, according to the Africa Centers for Disease Control and Prevention, but the true number of cases among Africa's 1.3 billion people is unknown as its 54 countries face a serious shortage of testing materials for the virus. (AP Photo/Brian Inganga)
July 09, 2020 - 8:58 am
JOHANNESBURG (AP) — The coronavirus pandemic in Africa is reaching “full speed” and it’s good to prepare for the worst-case scenario, the Africa Centers for Disease Control and Prevention chief said Thursday, after a South African official said a single province is preparing 1.5 million graves...
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FILE - In this June 19, 2020, file photo, people demonstrate in Chicago, to mark Juneteenth. A national coalition of labor unions, along with racial and social justice organizations, will stage a mass walkout from work July 20, as part of an ongoing reckoning on systemic racism and police brutality in the U.S. (AP Photo/Nam Y. Huh, File)
July 08, 2020 - 10:57 pm
NEW YORK (AP) — A national coalition of labor unions, along with racial and social justice organizations, will stage a mass walkout from work this month, as part of an ongoing reckoning on systemic racism and police brutality in the U.S. Dubbed the “Strike for Black Lives,” tens of thousands of...
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FILE - In this Nov. 19, 2019, file photo National Security Council aide Lt. Col. Alexander Vindman is sworn in to testify before the House Intelligence Committee on Capitol Hill in Washington. Vindman, who played a central role in President Donald Trump’s impeachment case, announced his retirement from the army July 7, 2020, in a scathing statement that accused the president of running a “campaign of bullying, intimidation, and retaliation.”(AP Photo/Andrew Harnik, File)
July 08, 2020 - 9:49 pm
WASHINGTON (AP) — Lt. Col. Alexander Vindman, a national security aide who played a central role in President Donald Trump's impeachment case, announced his retirement from the Army on Wednesday in a scathing statement that accused the president of running a “campaign of bullying, intimidation, and...
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July 08, 2020 - 7:49 pm
LAS VEGAS (AP) — Reno-based Eldorado Resorts Inc. received the go-ahead Wednesday from Nevada casino regulators to buy Las Vegas-based Caesars Entertainment Corp. in a $17.3 billion deal creating a gambling giant owning or operating 55 properties in 16 U.S. states and several other countries. “...
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FILE - This May 27, 2019, file photo shows the Fiat Chrysler Automobiles world headquarters in Auburn Hills, Mich. A federal judge in Detroit dismissed General Motors’ lawsuit Wednesday, July 8, 2020, alleging that rival Fiat Chrysler paid off union leaders to get better contract terms than GM. (AP Photo/Paul Sancya, File)
July 08, 2020 - 5:08 pm
DETROIT (AP) — A federal judge in Detroit has tossed out General Motors’ lawsuit alleging that Fiat Chrysler paid off union leaders to get better contract terms than GM. In a ruling Wednesday, U.S. District Judge Paul Borman wrote that GM’s alleged injuries were not caused by FCA violating federal...
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CORRECTS DATE OF PHOTO TO AUG. 4, 2011, INTEAD OF SEPT. 11, 2001 - FILE - In this Aug. 4, 2011, file photo, a man passes a Brooks Brothers store on Church Street in New York's financial district. The 200-year-old fashion retailer that says it's put 40 U.S. presidents in its suits, is filing for bankruptcy protection on Wednesday, July 8, 2020. (AP Photo/Mark Lennihan, File)
July 08, 2020 - 5:03 pm
NEW YORK (AP) — Brooks Brothers, the 200-year-old company that dressed nearly every U.S. president, filed for bankruptcy protection Wednesday, the latest major clothing seller to be toppled by the coronavirus pandemic. Founded in New York in 1818, Brooks Brothers survived two world wars, the Great...
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July 08, 2020 - 10:08 am
Former Nissan Motor Co. Chairman Carlos Ghosn wired more than $860,000 to a company linked to one of the men accused of helping smuggle him out of Japan in a box last year, prosecutors said in a new court filing. Prosecutors filed documents Tuesday detailing two wire transfers made by Ghosn in...
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Emiratis wearing face masks due to the coronavirus pandemic work on the floor of the Dubai Financial Market in Dubai, United Arab Emirates, Tuesday, July 7, 2020. Dubai reopened its Dubai Financial Market stock exchange Tuesday after closing its floor due to the coronavirus pandemic. (AP Photo/Jon Gambrell)
WBEN Newsroom
July 07, 2020 - 6:13 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Tuesday related to the national and global response, the work place and the spread of the virus. ________________________ FOOD & SHOPPING: — Overall retail sales are...
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Democratic presidential candidate, former Vice President Joe Biden puts on a face mask to protect against the spread of the new coronavirus as he departs after speaking at Alexis Dupont High School in Wilmington, Del., Tuesday, June 30, 2020. (AP Photo/Patrick Semansky)
July 07, 2020 - 3:03 pm
WASHINGTON (AP) — Joe Biden is promising to shift production of medical equipment and other key pandemic-fighting products “back to U.S. soil," creating jobs and bolstering a domestic supply chain he says has been exposed as inadequate and vulnerable by the coronavirus outbreak. The presumptive...
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