Corporate news

Top row, Facebook CEO Mark Zuckerberg, right, Amazon CEO Jeff Bezos, second from right, and bottom row Google CEO Sundar Pichai, left, and Apple CEO Tim Cook, second from left are sworn in remotely during a House Judiciary subcommittee on antitrust on Capitol Hill on Wednesday, July 29, 2020, in Washington. (Mandel Ngan/Pool via AP)
August 05, 2020 - 12:35 pm
WASHINGTON (AP) — The House Judiciary chairman was closing in on his Perry Mason moment with Facebook CEO Mark Zuckerberg. Fortified with “hot” internal company documents, Rep. Jerrold Nadler was building his case at a hearing that seemed almost like a trial for Facebook and three other tech giants...
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President Donald Trump speaks during a briefing with reporters in the James Brady Press Briefing Room of the White House, Monday, Aug. 3, 2020, in Washington.(AP Photo/Alex Brandon)
August 05, 2020 - 12:30 pm
One of the nation’s biggest telemedicine providers will spend more than $18 billion to stoke an approach to care that grew explosively during the pandemic and recently received an endorsement from President Donald Trump. Teladoc Health Inc. plans to dive deep into managing the health of patients...
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FILE- In this Dec. 4, 2017, file photo, the CVS Health logo appears above a trading post on the floor of the New York Stock Exchange. CVS Health’s second-quarter performance beat Wall Street’s expectations as the drugstore chain and pharmacy benefits manager experienced reduced benefit costs. It raised its full-year earnings forecast. (AP Photo/Richard Drew, File)
August 05, 2020 - 7:59 am
CVS Health reported surprisingly strong second-quarter earnings as people postponed elective medical procedures during the pandemic, and it raised its profit expectations for the year. The postponed procedures led to lower benefit costs, CVS said Wednesday. The virus outbreak shut down most of the...
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FILE - In this Wednesday, March 20, 2019 file photo, BMWi car is pictured during the earnings press conference in Munich, Germany. German automaker BMW AG lost 212 million euros, $250 million, in the second quarter as the coronavirus pandemic shutdowns cut vehicle sales by a quarter in the April-June period.(AP Photo/Matthias Schrader, file)
August 05, 2020 - 5:54 am
FRANKFURT, Germany (AP) — German automaker BMW lost 212 million euros ($250 million) in the second quarter as the coronavirus pandemic shutdowns cut vehicle sales by a quarter in the April-June period. The company saw a rebound in China, its biggest market. The net loss compared with a profit of 1...
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FILE - In this July 31, 2019, file photo, people walk past a Honda car on display at Honda Motor Co. headquarters in Tokyo. Japanese automaker Honda reported Wednesday, Aug. 5, 2020, it sank into the red for the April-June quarter, as its sales plunged over the coronavirus pandemic, especially in the U.S., Japan and India. (AP Photo/Koji Sasahara, File)
August 05, 2020 - 4:29 am
TOKYO (AP) — Japanese automaker Honda reported Wednesday that it sank into the red for the April-June quarter, as its sales plunged due to the coronavirus pandemic, especially in the U.S., Japan and India. Honda Motor Co. racked up an 80.8 billion yen ($765 million) fiscal first quarter loss, a...
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People wearing face masks to help protect against the spread of the new coronavirus pass on a crosswalk on a street in Tokyo, Tuesday, Aug, 4, 2020. (AP Photo/Koji Sasahara)
August 04, 2020 - 11:21 pm
TOKYO — A governor in Japan is drawing skeptical criticism after he touted a gargling product as effective against the coronavirus, an assertion that, despite its dubiousness, emptied some store shelves of the medicine. Shares of Shionogi & Co. and Meiji Holdings Co., which make Isojin, soared...
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FILE - In this Sept. 24, 2019, file photo, former Google engineer Anthony Levandowski speaks to the media, as his attorney Miles Ehrlich stands behind him outside of a federal courthouse in San Francisco. Levandowski, a former Google engineer who helped steer the company’s self-driving car project, was sentenced Tuesday, Aug. 4, 2020, to 18 months in prison and ordered to pay more than $850,000 after pleading guilty to stealing trade secrets before joining Uber’s effort to build robotic vehicles for its ride-hailing service. (AP Photo/Michael Liedtke, File)
August 04, 2020 - 10:19 pm
SAN RAMON, Calif. (AP) — A former Google engineer has been sentenced to 18 months in prison after pleading guilty to stealing trade secrets before joining Uber's effort to build robotic vehicles for its ride-hailing service. The sentence handed down Tuesday by U.S. District Judge William Alsup came...
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FILE - In this June 23, 2020 file photo, Donald Trump Jr. speaks at Dream City Church in Phoenix. Trump Jr. has agreed with calls to block a proposed copper and gold mine near the headwaters of a major U.S. salmon fishery in southwest Alaska. Trump Jr. responded Tuesday, Aug. 4, 2020, to a tweet by Nick Ayers, a former aide to Vice President Mike Pence, that expressed hope President Donald Trump would direct the U.S. Environmental Protection Agency to block the proposed Pebble Mine. (AP Photo/Evan Vucci, File)
August 04, 2020 - 9:30 pm
JUNEAU, Alaska (AP) — President Donald Trump's eldest son agreed Tuesday with calls to block a proposed copper and gold mine near the headwaters of a major U.S. salmon fishery in southwest Alaska. Donald Trump Jr. responded to a tweet by Nick Ayers, a former aide to Vice President Mike Pence and a...
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FILE - In this June 16. 2011, file photo, Richard Branson, president of Virgin Atlantic Airways, attends a news conference in Miami Beach, Fla. Branson announced that Virgin was starting flights between London and Cancun, Mexico. Virgin Atlantic, the airline founded by British businessman Branson, filed Tuesday, Aug. 4, 2020, for relief from creditors as the virus pandemic hammers the airline industry. The airline made the filing in U.S. federal bankruptcy court in New York after a proceeding in the United Kingdom. (AP Photo/Wilfredo Lee, File)
August 04, 2020 - 9:16 pm
NEW YORK (AP) — Virgin Atlantic, the airline founded by British businessman Richard Branson, filed Tuesday for protection in U.S. bankruptcy court as it tries to survive the virus pandemic that is hammering the airline industry. The airline made the Chapter 15 filing in U.S. federal bankruptcy...
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This image released by Disney shows Yifei Liu in the title role of "Mulan." The film is no longer headed for a major theatrical release. The Walt Disney Co. said Tuesday that it will debut its live-action blockbuster on its subscription streaming service, Disney+, on Sept. 4. Customers will have to pay an additional $29.99 on top of the cost of the monthly subscription to rent “Mulan.” (Disney Enterprises, Inc. via AP)
August 04, 2020 - 6:05 pm
“Mulan” is no longer headed for a major theatrical release. The Walt Disney Co. said Tuesday that it will debut its live-action blockbuster on its subscription streaming service, Disney+, on Sept. 4. But this is no “Hamilton”: Customers will have to pay an additional $29.99 on top of the cost of...
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