Corporate news

FILE--In this June 18, 1997, file p photo, Microsoft co-founder and billionaire Paul Allen joins in with the band and plays electric guitar at an election night victory party in the early morning hours in Seattle. Allen, billionaire owner of the Portland Trail Blazers and the Seattle Seahawks and Microsoft co-founder, died Monday, Oct. 15, 2018 at age 65. Earlier this month Allen said the cancer he was treated for in 2009, non-Hodgkin's lymphoma, had returned (AP Photo/Elaine Thompson, file)
October 16, 2018 - 2:12 am
SEATTLE (AP) — Personal computers, conservation, pro football, rock n' roll and rocket ships: Paul G. Allen couldn't have asked for a better way to spend, invest and donate the billions he reaped from co-founding Microsoft with childhood friend Bill Gates. Allen used the fortune he made from...
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In this Dec. 31, 2017 photo, Seattle Seahawks owner Paul Allen stands near the field before an NFL football game against the Arizona Cardinals in Seattle. Allen, who co-founded Microsoft with his childhood friend Bill Gates before becoming a billionaire philanthropist who invested in conservation, space travel, arts and culture and professional sports, died Monday, Oct. 15, 2018. He was 65. (AP Photo/John Froschauer)
October 16, 2018 - 1:14 am
SEATTLE (AP) — Paul G. Allen, who co-founded Microsoft with his childhood friend Bill Gates before becoming a billionaire philanthropist who invested in conservation, space travel, arts and culture and professional sports, died Monday. He was 65. He died in Seattle from complications of non-Hodgkin...
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FILE- In this July 10, 2018, file photo bottles of medicine ride on a belt at the Express Scripts mail-in pharmacy warehouse in Florence, N.J. On Monday, Oct. 15, the industry's largest trade group announced that dozens of drugmakers will start disclosing the prices for U.S. prescription drugs advertised on TV. The prices won't actually be shown in the TV commercials but the advertisement will include a website where the list price will be posted. (AP Photo/Julio Cortez, File)
October 15, 2018 - 9:41 pm
TRENTON, N.J. (AP) — The federal government said Monday that it wants to force drugmakers to disclose prices for prescription medicines in their TV commercials. The drug industry's main trade group said drug companies are only willing to disclose the prices on their websites, not in commercials,...
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FILE - In this July 17, 2001 file photo, Seattle Seahawks owner Paul Allen appears in a suite in the team's stadium in Seattle. Allen, billionaire owner of the Trail Blazers and the Seattle Seahawks and Microsoft co-founder, died Monday, Oct. 15, 2018 at age 65. Earlier this month Allen said the cancer he was treated for in 2009, non-Hodgkin’s lymphoma, had returned. (AP Photo/Elaine Thompson, File)
October 15, 2018 - 6:37 pm
SEATTLE (AP) — Paul G. Allen, who co-founded Microsoft with his childhood friend Bill Gates before becoming a billionaire philanthropist who invested in conservation, space travel and professional sports, died Monday. He was 65. His death was announced by his company, Vulcan Inc. Earlier this month...
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An American flag flies above a Sears department store sign in Hackensack, N.J., Monday, Oct. 15, 2018. Sears filed for Chapter 11 bankruptcy protection Monday, buckling under its massive debt load and staggering losses. (AP Photo/Seth Wenig)
October 15, 2018 - 5:15 pm
Before there was Amazon — or, for that matter, Home Depot or Walmart or Kmart — there was Sears. From its beginnings as a mail-order watch business in Minneapolis 132 years ago, the company grew to become America's everything-under-one-roof store and the biggest retailer in the world. For...
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Trader Michael Milano works on the floor of the New York Stock Exchange, Monday, Oct. 15, 2018. Stocks are opening mostly lower as technology companies continue to fall. (AP Photo/Richard Drew)
October 15, 2018 - 3:16 pm
NEW YORK (AP) — US stock indexes are on track for modest gains Monday as increases for industrial and high-dividend companies make up for declines in the technology sector. Defense contractors L3 and Harris are sharply higher after announcing a deal to combine. Bank of America is sinking after...
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This photo provided by Universal Pictures Home Entertainment shows Christopher Lloyd, left, as Dr. Emmett Brown, and Michael J. Fox as Marty McFly in the 1985 film, "Back to the Future." A federal court has dismissed a lawsuit brought by the widow of automaker John DeLorean over royalties stemming from the "Back to the Future" movies. Sally DeLorean claimed a Texas company using the DeLorean name had illegally accepted royalties from Universal Pictures for the promotional use of images of the iconic car. But a judge ruled Friday, Oct. 12, 2018, that a 2015 settlement agreement in a separate lawsuit over trademarks prohibited her from suing for the royalties. (Universal Pictures Home Entertainment via AP)
October 15, 2018 - 1:57 pm
NEWARK, N.J. (AP) — A federal court has dismissed a lawsuit brought by the widow of automaker John DeLorean over royalties stemming from the "Back to the Future" movies. Sally DeLorean claimed a Texas company using the DeLorean name had illegally accepted royalties from Universal Pictures for the...
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FILE- In this July 8, 2017, file photo people walk into a Sears store slated for closing that is next to a mall that is being torn down in Overland Park, Kan. Sears has filed for Chapter 11 bankruptcy protection Monday, Oct. 15, 2018, buckling under its massive debt load and staggering losses. The company once dominated the American landscape, but whether a smaller Sears can be viable remains in question. (AP Photo/Charlie Riedel, File)
October 15, 2018 - 12:18 pm
NEW YORK (AP) — Sears filed for Chapter 11 bankruptcy protection Monday, with plans to shutter 142 unprofitable stores in the hopes that it can stay in business. The question now is whether a smaller version of the company that once towered over the American retail landscape can be viable. Sears,...
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October 15, 2018 - 10:47 am
NEW YORK (AP) — As demand for small businesses increases, so do their selling prices, a sign that owners are reaping the rewards of keeping companies lean and healthy since the recession. BizBuySell.com, an online marketplace for small businesses, counted 2,685 closed sales of companies during the...
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FILE- In this July 9, 2018, file photo a customer makes a transaction at a Bank of America ATM at the company's headquarters in Charlotte, N.C. Bank of America Corp. reports earnings Monday, Oct. 15. (AP Photo/Chuck Burton, File)
October 15, 2018 - 9:02 am
NEW YORK (AP) — Bank of America said Monday that its third-quarter profits rose by 32 percent from a year ago, as higher interest rates allowed BofA to charge more for loans, and lower corporate tax rates helped it save hundreds of millions on taxes. The Charlotte, North Carolina-based banking...
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