Corporate news

FILE- This May 1, 2018, file photo shows Merck corporate headquarters in Kenilworth, N.J. The pandemic increased sales of Merck medicines during the first quarter of 2020, as households around the world stocked up, but the drugmaker expects a significant hit this quarter as the full force of the outbreak lands. (AP Photo/Seth Wenig, File)
July 31, 2020 - 8:12 am
FAIRLESS HILLS, PA (AP) — Surging sales of its cancer medicines and reduced spending across the board helped Merck overcome a big hit from the coronavirus pandemic and increase its profit 12% in the second quarter. The drugmaker boosted its financial forecast for the year Friday even as it spends...
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FILE - In this Nov. 4, 2019, file photo a worker prepares a piece of Cat construction equipment made by Caterpillar to be lifted off a trailer at the Port of Tacoma in Tacoma, Wash. Caterpillar Inc. reports financial results Friday, Jan. 31, 2020. (AP Photo/Ted S. Warren, File)
July 31, 2020 - 6:59 am
Caterpillar's sales tumbled 31% in the second quarter as dealers culled construction equipment from showrooms during the pandemic. Dealers decreased machine and engine inventories by about $1.4 billion during the three-month period, compared with an increase of about $500 million a year earlier...
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Passengers wearing face masks to prevent the spread of coronavirus queue prior to departure to London at a British Airways check-in desk at Adolfo Suarez-Barajas international airport, outskirts Madrid, Spain, Sunday, July 26, 2020. Britain has put Spain back on its unsafe list and announced Saturday that travelers arriving in the U.K. from Spain must now quarantine for 14 days. The move by the UK taken without forewarning has caught travelers off guard. (AP Photo/Manu Fernandez)
July 31, 2020 - 5:56 am
LONDON (AP) — The parent company of British Airways reeled to a loss of 3.8 billion euros ($4.5 billion) in the first six months of the year as travel restrictions from the COVID-19 pandemic ate into the bottom line. By way of comparison, IAG reported 806 million euros in profit in the same period...
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July 31, 2020 - 3:49 am
HELSINKI (AP) — Nokia has reported better than expected second-quarter earnings on the back of improved margins for telecoms equipment and software despite the coronavirus crisis causing a substantial drop in revenue. The Espoo, Finland-based maker of new-generation 5G mobile and other networks...
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A man lifts his arm as he walks by the New York Stock Exchange, Thursday, July 30, 2020. Stocks are falling on Wall Street Thursday after reports showed that layoffs are continuing at a stubborn pace and that the U.S. economy contracted at a nearly 33% annual rate in the spring. (AP Photo/Mark Lennihan)
July 31, 2020 - 12:16 am
TOKYO (AP) — Asian shares tumbled Friday as reports showed layoffs of American workers are persisting at high levels after the U.S. economy contracted at a nearly 33% annual pace in the spring, the worst quarter on record. Earnings reports, a gauge of how well businesses are managing the fallout...
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FILE - Ellen DeGeneres attends the premiere of Netflix's "Green Eggs and Ham," on Nov. 3, 2019, in Los Angeles. DeGeneres apologized to the staff of her daytime TV talk show amid an internal company investigation of complaints of a difficult and unfair workplace. (Photo by Mark Von Holden /Invision/AP, File)
July 30, 2020 - 9:19 pm
LOS ANGELES (AP) — Ellen DeGeneres apologized to the staff of her daytime TV talk show amid an internal company investigation of complaints of a difficult and unfair workplace. “On day one of our show, I told everyone in our first meeting that ‘The Ellen DeGeneres Show’ would be a place of...
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FILE - In this Feb. 9, 2012 file photo, former presidential candidate Herman Cain addresses the Conservative Political Action Conference in Washington. Cain has died after battling the coronavirus. A post on Cain's Twitter account on Thursday, July 30, 2020 announced the death. (AP Photo/J. Scott Applewhite, File)
July 30, 2020 - 7:22 pm
ATLANTA (AP) — Herman Cain, former Republican presidential candidate and former CEO of a major pizza chain who went on to become an ardent supporter of President Donald Trump, died Thursday of complications from the coronavirus. He was 74. Dan Calabrese, who authored a post on Cain's website...
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FILE - This March 19, 2018 photo shows the Google app on an iPad in Baltimore. Big Tech companies reported mixed quarterly earnings on Thursday, July 30, 2020, a day after their top executives faced a tough congressional grilling over their market power and alleged monopolistic practices. (AP Photo/Patrick Semansky, File)
July 30, 2020 - 6:51 pm
Big Tech companies reported mixed quarterly earnings on Thursday, a day after their top executives faced a tough congressional grilling over their market power and alleged monopolistic practices. All four were affected by the pandemic, although in strikingly different ways. Google and Facebook...
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FILE - In this Oct. 20, 2019 file photograph, the company logo shines off the grille of an unsold 2019 F-250 pickup truck at a Ford dealership in Littleton, Colo. Ford Motor Co. reports quarterly financial results after the market close, Thursday, July 30 2020. (AP Photo/David Zalubowski, File)
July 30, 2020 - 6:38 pm
DETROIT (AP) — Ford Motor Co. posted results on Thursday that were not as grim as expected for its second quarter that saw its U.S. factories shuttered for half the period to combat the spread of the coronavirus and car buyers sheltering in place. Ford reported a $1.12 billion second-quarter net...
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Leon McFarlane a research technician handles a blood sample from a volunteer in the laboratory at Imperial College in London, Thursday, July 30, 2020. Imperial College is working on the development of a COVID-19 vaccine. Scientists at Imperial College London say they are immunizing hundreds of people with an experimental coronavirus vaccine in an early trial after seeing no worrying safety problems in those vaccinated so far. Dr. Robin Shattock told the Associated Press that he and colleagues had just finished a very slow and arduous process of testing the vaccine at a low dose in a small number of participants and would now be expanding the trial to about 300 people, including those over 75. (AP Photo/Kirsty Wigglesworth)
July 30, 2020 - 3:49 pm
LONDON (AP) — Scientists at Imperial College London say they are immunizing hundreds of people with an experimental coronavirus vaccine in an early trial after seeing no worrying safety problems in a small number vaccinated so far. Dr. Robin Shattock, a professor at the college, told The Associated...
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