Corporate news

FILE - In this April 6, 2017 file photo, Air Force One, with President Donald Trump aboard, departs from Andrews Air Force Base, Md., en route to Mar-a-Largo, in Palm Beach, Fla., for a meeting with Chinese President Xi Jinping. Trump says Air Force One is getting a patriotic makeover. Trump says the familiar baby blue color on current models of the presidential aircraft will give way to red-white-and-blue coloring on updated models that could be in service in time for a potential second term. ( AP Photo/Jose Luis Magana)
July 18, 2018 - 11:36 am
WASHINGTON (AP) — President Donald Trump says Air Force One is getting a patriotic makeover. Trump says the familiar baby blue color on the presidential aircraft will give way to a red-white-and-blue color scheme. Updated models could be in service during a potential second term. The president made...
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July 18, 2018 - 11:11 am
KODIAK, Alaska (AP) — A California-based rocket company has shortlisted the spaceport in Kodiak, Alaska, as a possible permanent home for its launches. Rocket Lab announced Tuesday that it's seeking to build a launch complex in the U.S. to complement its current site in New Zealand, the Kodiak...
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FILE- In this Feb. 9, 2017, file photo, traders work the floor at the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, July 18, 2018. (AP Photo/Mark Lennihan, File)
July 18, 2018 - 10:14 am
NEW YORK (AP) — U.S. stocks are mixed in early trading Wednesday as energy companies fall with the price of oil, but industrial companies including railroads and airlines climb after a round of strong second-quarter reports. KEEPING SCORE: At 10 a.m. Eastern time, the S&P 500 index was...
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July 18, 2018 - 7:56 am
NEW YORK (AP) — Investment bank Morgan Stanley said its second-quarter profits rose by 39 percent from a year ago, driven by another strong performance in trading and investment banking, as well as a lower tax bill. The New York-based bank said Wednesday that it earned $2.44 billion in the second...
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July 18, 2018 - 7:28 am
NEW YORK (AP) — Morgan Stanley says second-quarter net income totaled $2.44 billion. The New York-based company said Wednesday it had earnings of $1.30 per share. The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for...
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July 18, 2018 - 3:16 am
GENEVA (AP) — Novartis says net profit rose 3 percent in the second quarter amid strong growth for some of its top products, as the Swiss pharmaceuticals giant moves to spin off its Alcon eye-care business. New CEO Vas Narasimhan touted Novartis' plans to create a "focused medicines company,"...
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FILE - In this Feb. 8, 2018 file photo, the logo for Twitter is displayed above a trading post on the floor of the New York Stock Exchange. Twitter suspended at least 58 million user accounts in the final three months of 2017, according to data obtained by The Associated Press. The figure highlights the company’s newly aggressive stance against malicious or suspicious accounts in the wake of Russian disinformation efforts during the 2016 U.S. presidential campaign. (AP Photo/Richard Drew, File)
July 18, 2018 - 3:10 am
NEW YORK (AP) — Twitter suspended at least 58 million user accounts in the final three months of 2017, according to data obtained by The Associated Press. The figure highlights the company's newly aggressive stance against malicious or suspicious accounts in the wake of Russian disinformation...
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FILE - In this April 1, 2018 file photo, people carry flowers as they walk near the Mandalay Bay hotel and casino during a vigil for victims and survivors of a mass shooting in Las Vegas. MGM Resorts International has sued hundreds of victims of the deadliest mass shooting in modern U.S. history in a bid to avoid liability for the gunfire that rained down from its Mandalay Bay casino-resort in Las Vegas. The company argues in lawsuits filed Friday, July 13, 2018, in Nevada and California that it has "no liability of any kind" to survivors or families of slain victims under a federal law enacted after the Sept. 11 terrorist attacks. (AP Photo/John Locher, File)
July 17, 2018 - 9:24 pm
LAS VEGAS (AP) — MGM Resorts International has sued hundreds of victims of the deadliest mass shooting in modern U.S. history in a bid to avoid liability for the gunfire that rained down from its Mandalay Bay casino-resort in Las Vegas. The company argues in lawsuits filed in Nevada, California,...
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FILE - In this Sunday, June 3, 2018 file photo,Golden State Warriors head coach Steve Kerr gestures during the first half of Game 2 of basketball's NBA Finals between the Warriors and the Cleveland Cavaliers in Oakland, Calif. Golden State Warriors coach Steve Kerr has received a contract extension following the franchise's repeat championship and third title in four years during his tenure. (AP Photo/Marcio Jose Sanchez)
July 17, 2018 - 7:49 pm
OAKLAND, Calif. (AP) — Golden State Warriors coach Steve Kerr has received a contract extension following the franchise's repeat championship and third title in four years during his tenure. Kerr and general manager Bob Myers, who are close friends and colleagues, said when the season ended that...
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FILE - In this Dec. 13, 2016, file photo, the logo for Goldman Sachs appears above a trading post on the floor of the New York Stock Exchange. Goldman Sachs reports earnings Tuesday, July 17, 2018. (AP Photo/Richard Drew, File)
July 17, 2018 - 3:14 pm
NEW YORK (AP) — Another Wall Street veteran of the financial crisis is stepping aside: Lloyd Blankfein is retiring as CEO of Goldman Sachs after 12 years at the helm of the storied investment bank. Blankfein will give way to David Solomon, a long-time Goldman executive who has been considered...
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