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July 16, 2018 - 2:52 pm
NEW YORK (AP) — The chairman of the Federal Communications Commission is raising "serious concerns" about Sinclair's $3.9 billion deal for Tribune's television stations. Sinclair wants to buy Tribune Media and its 42 TV stations, including KTLA in Los Angeles and WPIX in New York. To address...
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FILE- In this Nov. 6, 2017, file photo, people walk by a branch office of Bank of America in New York. Bank of America Corp. reports earnings Monday, July 16, 2018. (AP Photo/Mark Lennihan, File)
July 16, 2018 - 12:20 pm
NEW YORK (AP) — Bank of America's second-quarter profits jumped 33 percent from a year earlier, the company said Monday, as like nearly all other big banks, it benefited greatly from the new tax law. The bank also benefited from the recent rise in interest rates, allowing it to charge more for...
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July 16, 2018 - 8:00 am
FRANKFURT, Germany (AP) — An international forum on financial regulation say virtual currencies such as bitcoin do not currently pose a threat to global stability but require "vigilant monitoring" as the market is changing rapidly. The Financial Stability Board added Monday that that the highly...
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FILE- This Jan. 11, 2016, file photo shows a Chase bank branch in New York. JPMorgan Chase & Co. reports earnings Friday, July 13, 2018. (AP Photo/Mark Lennihan, File)
July 13, 2018 - 1:15 pm
NEW YORK (AP) — JPMorgan Chase's second-quarter profits rose by 18 percent from a year ago, as the nation's largest bank by assets and revenue continues to benefit from higher interest rates and a lower tax bill following last year's passage of President Donald Trump's tax law. JPMorgan said Friday...
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FILE- In this May 17, 2018, file photo, the logo for Wells Fargo appears above a trading post on the floor of the New York Stock Exchange. Wells Fargo reports earnings Friday, July 13, 2018. (AP Photo/Richard Drew, File)
July 13, 2018 - 11:38 am
NEW YORK (AP) — Wells Fargo & Co., which has been mired in investigations related to its business practices, said Friday that its second-quarter earnings fell to $5.19 billion from $5.86 billion a year ago. The bank also revised its first-quarter earnings downward after agreeing in April to pay...
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Eight-year-old Skylar Baughey, of Clearwater, Fla., hugs her troll moments after completing its construction at the Build-A-Bear Workshop at Westfield Countryside Mall Thursday, July 12, 2018, in Clearwater, Fla. Baughey had stood in line with her family for more than four hours before gaining access to the store due to the overwhelming response to the event. The company wrote in a Facebook post that it closed lines at its stores in Canada and the U.S. due to overwhelming crowds and safety concerns. (Douglas R. Clifford/Tampa Bay Times via AP)
July 12, 2018 - 6:46 pm
NEW YORK (AP) — Build-A-Bear Workshop's "Pay Your Age" promotion proved too popular. The chain known for its customizable teddy bears and other stuffed toys couldn't handle the crowds Thursday, and had to turn shoppers away. The company wrote in a Facebook post that it closed lines at its stores in...
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FILE - In this Wednesday, Oct. 18, 2017, file photo, Papa John's founder and CEO John Schnatter attends a meeting in Louisville, Ky. Schnatter is apologizing after reportedly using a racial slur during a conference call in May 2018. The apology Wednesday, July 11, 2018, comes after Forbes cited an anonymous source saying the pizza chain's marketing firm broke ties with the company afterward. (AP Photo/Timothy D. Easley, File)
July 12, 2018 - 5:52 pm
NEW YORK (AP) — Papa John's founder John Schnatter is no longer board chairman after using a racial slur, but his image is still part of the pizza chain's logo and he remains the company's largest shareholder. The situation illustrates the difficulty when companies are closely tied to a single...
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FILE- In this Jan. 8, 2018, file photo, a Delta Air Lines Connection regional jet operated by GoJet Airlines takes off from Logan International Airport in Boston. Delta Air Lines reports earns on Thursday, July 12. (AP Photo/Charles Krupa, File)
July 12, 2018 - 5:16 pm
DALLAS (AP) — Delta Air Lines executives expressed confidence Thursday that they can raise prices high enough to cover a fuel bill that is likely to be $2 billion more this year than last year. Airline officials said that strong travel demand and higher average fares fully covered a run-up in fuel...
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July 11, 2018 - 3:15 pm
MOUNTAIN VIEW, Calif. (AP) — Two of Alphabet's high-flying startups are leaving the nest. Loon and Wing are graduating from X, Alphabet's secretive incubator known as the "moonshot factory." Loon aims to deliver internet signals via high-altitude balloons, while Wing builds airborne delivery drones...
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FILE - In this Nov. 23, 2015, file photo, the Pfizer logo is displayed at world headquarters in New York. Pfizer says it’s going to reorganize the company into three businesses. Pfizer Inc. said Wednesday, July 11, 2018, that a new hospital unit, which will be part of the innovative medicines business, will be for anti-infectives and sterile injectables. There will also be a consumer healthcare business and an off-patent branded and generic established medicines business. (AP Photo/Mark Lennihan, File)
July 11, 2018 - 8:35 am
NEW YORK (AP) — The drugmaker Pfizer, facing an aging population and shifting risks from the loss of patents, is reshaping its structure into three businesses. The divisions, announced Wednesday, include Innovative Medicines, which will focus on biological science and a new hospital medicines...
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