Corporate news

February 18, 2020 - 8:00 am
SAN MATEO, Calif. (AP) — Franklin Resources is buying competitor Legg Mason for $4.5 billion, creating a financial company with a combined $1.5 trillion in assets under management. Franklin Resources Inc., which operates as Franklin Templeton, said Tuesday that it will pay $50 for each Legg Mason...
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In this Wednesday, Feb. 12, 2020, photo, a statue stands outside the Boys Scouts of America headquarters in Irving, Texas. The Boy Scouts of America has filed for bankruptcy protection as it faces a barrage of new sex-abuse lawsuits. The filing Tuesday, Feb. 18, in Wilmington, Delaware, is an attempt to work out a potentially mammoth compensation plan for abuse victims that will allow the 110-year-old organization to carry on. (AP Photo/LM Otero)
February 18, 2020 - 7:55 am
Barraged by hundreds of sex-abuse lawsuits, the Boy Scouts of America filed for bankruptcy protection Tuesday in hopes of working out a potentially mammoth victim compensation plan that will allow the 110-year-old organization to carry on. The Chapter 11 filing in federal bankruptcy court in...
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FILE - This June 25, 2019, file photo shows the entrance to a Walmart in Pittsburgh. Walmart is reporting disappointing fourth-quarter profits and sales. The nation's largest retailer says that sales at its U.S. stores heading into the holiday season were weaker than expected. It also said that social unrest in Chile hurt its business. (AP Photo/Gene J. Puskar, File)
February 18, 2020 - 7:48 am
NEW YORK (AP) — Walmart reported disappointing fourth-quarter profits and sales after a sluggish and shortened holiday shopping season. Violent social protests in Chile cut into international sales. Walmart also delivered a weak profit forecast for the year, sending shares down about 1% before the...
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People walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, Feb. 18, 2020. Shares have fallen in Asia as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target and China moving to cancel major events including the Beijing auto show. (AP Photo/Eugene Hoshiko)
February 18, 2020 - 7:07 am
BANGKOK (AP) — Stock markets slipped Tuesday as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target this quarter and China moving to postpone or cancel major events, including the Beijing auto show. Britain's FTSE 100 dropped 1...
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In this Monday, Feb. 17, 2020, photo released by Xinhua News Agency, patients infected with the coronavirus take rest at a temporary hospital converted from Wuhan Sports Center in Wuhan in central China's Hubei Province. China reported thousands new virus cases and more deaths in its update Tuesday on a disease outbreak that has caused milder illness in most people, an assessment that promoted guarded optimism from global health authorities. (Xiao Yijiu/Xinhua via AP)
February 18, 2020 - 6:44 am
BEIJING (AP) — As a mysterious new virus enveloped central China's Wuhan early this year, Liu Zhiming mobilized all the resources of his hospital in the city's Wuchang district to deal with the thousands of sick people arriving daily, threatening to overwhelm the local health care system. That...
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FILE - In this July 25, 2019, file photo, a man rides an escalator as Nissan vehicles are showcased in the Nissan Gallery in Yokohama, west of Tokyo. Nissan, reeling from a scandal over its former superstar executive Carlos Ghosn, sank into red ink in the latest quarter as its vehicle sales fell around the world, and the Japanese automaker slashed its profit forecast for the year. (AP Photo/Jae C. Hong, File)
February 18, 2020 - 6:42 am
TOKYO (AP) — Nissan shareholders vented their outrage at the Japanese automaker's top management Tuesday for crashing stock prices, zero dividends and quarterly losses after the scandal-ridden departure of former Chairman Carlos Ghosn. They got up, one by one, at an extraordinary shareholders’...
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February 18, 2020 - 6:27 am
NEW YORK (AP) — Walmart is reporting disappointing fourth-quarter profits and sales. The nation's largest retailer said Tuesday that sales at its U.S. stores heading into the holiday season were weaker than expected. It also said that social unrest in Chile hurt its business. The company is...
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Democratic presidential candidate Mike Bloomberg gives his thumbs-up after speaking during a campaign event at Hardywood Park Craft Brewery in Richmond, Va., Saturday, Feb. 15, 2020. (James H. Wallace/Richmond Times-Dispatch via AP)
February 18, 2020 - 6:17 am
Billionaire Mike Bloomberg has qualified for the upcoming Democratic presidential debate, marking the first time he’ll stand alongside the rivals he has so far avoided by bypassing the early voting states and using his personal fortune to define himself through television ads. A new NPR/PBS...
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Democratic presidential candidate Mike Bloomberg gives his thumbs-up after speaking during a campaign event at Hardywood Park Craft Brewery in Richmond, Va., Saturday, Feb. 15, 2020. (James H. Wallace/Richmond Times-Dispatch via AP)
February 18, 2020 - 6:04 am
Billionaire Mike Bloomberg has qualified for the upcoming Democratic presidential debate, marking the first time he’ll stand alongside the rivals he has so far avoided by bypassing the early voting states and using his personal fortune to define himself through television ads. A new NPR/PBS...
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Democratic presidential candidate Mike Bloomberg gives his thumbs-up after speaking during a campaign event at Hardywood Park Craft Brewery in Richmond, Va., Saturday, Feb. 15, 2020. (James H. Wallace/Richmond Times-Dispatch via AP)
February 18, 2020 - 6:02 am
Billionaire Mike Bloomberg has qualified for the upcoming Democratic presidential debate, marking the first time he’ll stand alongside the rivals he has so far avoided by bypassing the early voting states and using his personal fortune to define himself through television ads. A new NPR/PBS...
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