Corporate news

FILE - In this Wednesday, Sept. 11, 2019, file photo, narcotics detective Ben Hill, with the Barberton Police Department, shows two bags of medications that are are stored in their headquarters and slated for destruction in Barberton, Ohio. Jury selection is set to begin Wednesday, Oct. 16, 2019, in the first federal trial over the nation's opioid epidemic. (AP Photo/Keith Srakocic, File)
October 16, 2019 - 1:04 pm
CLEVELAND (AP) — Jury selection began Wednesday in the first federal trial over the opioid epidemic despite a last-minute request from lawyers to delay it because of news reports on a settlement offer. Potential jurors were asked whether they had opinions on the drug companies going on trial. Two...
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Picketing United Auto Workers Richard Rivera, left, and Robin Pinkney react to news of a tentative contract agreement with General Motors, in Langhorne, Pa., Wednesday, Oct. 16, 2019. Bargainers for General Motors and the United Auto Workers reached a tentative contract deal on Wednesday that could end a monthlong strike that brought the company's U.S. factories to a standstill. (AP Photo/Matt Rourke)
AP News
October 16, 2019 - 1:03 pm
DETROIT (AP) — Bargainers for General Motors and the United Auto Workers reached a tentative contract deal on Wednesday that could end a monthlong strike that brought the company's U.S. factories to a standstill. The deal, which the union says offers "major gains" for workers, was hammered out...
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FILE - In tjhis Aug. 2017 file photo then Veterans Affairs Secretary David Shulkin speaks during a press briefing in Bridgewater, N.J. The book by former VA Secretary David Shulkin, obtained by The Associated Press, describes a March 6, 2017, conversation in the Oval Office where the president explored ways in which the administration could act quickly in shuttering the government-run VA medical centers that he viewed as poorly performing. (AP Photo/Pablo Martinez Monsivais)
October 16, 2019 - 12:58 pm
WASHINGTON (AP) — Eager for changes at the Department of Veterans Affairs, President Donald Trump toyed early on with issuing an executive order to close parts of the VA health system without consulting Congress, according to an upcoming book by his former VA secretary. In the book, obtained by The...
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FILE - In this Oct. 7, 2019, file photo traders Ashley Lara and John Santiago confer as they work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, Oct. 16. (AP Photo/Richard Drew, File)
October 16, 2019 - 12:04 pm
NEW YORK (AP) — Stocks erased an early loss and were little changed in midday trading Wednesday. A potential settlement in the opioid epidemic involving some of the nation's largest drug distributors lifted the health care sector. Homebuilders benefited from a surprisingly good survey on sales...
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A tank burns as fire breaks out at a refinery in Crockett, Calif., on Tuesday, Oct. 15, 2019. A fire burning at an oil storage facility in the San Francisco Bay Area prompted a hazardous materials emergency that led authorities to order the residents of two communities to shelter in place and stay inside with all windows and doors closed. Contra Costa Fire Department spokesman Steve Hill said that an hour into battling the blaze, firefighters seemed to be making progress and were continuing to keep adjacent tanks cooled with water. (Anda Chu/San Jose Mercury News via AP)
October 16, 2019 - 11:48 am
CROCKETT, Calif. (AP) — Officials were trying to determine Wednesday if a 4.5 magnitude earthquake triggered an explosion at a fuel storage facility in the San Francisco Bay Area that started a fire and trapped thousands in their homes for hours because of potentially unhealthy air. The earthquake...
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FILE - In this June 21, 2019 file photo, flames and smoke emerge from the Philadelphia Energy Solutions Refining Complex in Philadelphia. Federal investigators say an aging, failed elbow pipe appears to be the cause of the June fire and subsequent explosions that left five people with minor injuries and destroyed part of the processing unit at the largest oil refinery on the East Coast. The U.S. Chemical Safety and Hazard Investigation Board released a preliminary report Wednesday, Oct. 16 on findings from the June 21 explosion at the Philadelphia Energy Solutions Refining Complex. (AP Photo/Matt Rourke, File)
October 16, 2019 - 10:51 am
PHILADELPHIA (AP) — An aging, failed elbow pipe appears to be the initial cause of a June 21 fire and subsequent explosions that injured five people at the largest oil refinery on the East Coast, federal investigators said Wednesday. The U.S. Chemical and Safety Hazard Investigation Board released...
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In this Sept. 23, 2019, photo shoppers examine refrigerators at a Home Depot store location, in Boston. On Wednesday, Oct. 16, the Commerce Department releases U.S. retail sales data for September. (AP Photo/Steven Senne)
October 16, 2019 - 9:56 am
WASHINGTON (AP) — Retail sales dropped in September by the largest amount in seven months, possibly signaling that rising trade tensions and turbulent markets are having an impact on consumer spending. Retail sales fell 0.3% last month following a 0.6% gain in August, the Commerce Department...
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In this Monday, Oct. 14, 2019 photo a Bank of America logo is attached to the exterior of the Bank of America Financial Center building, in Boston. Bank of America Corp. reports financial results Wednesday, Oct. 16. (AP Photo/Steven Senne)
October 16, 2019 - 7:54 am
CHARLOTTE, N.C. (AP) — Bank of America is reporting a 21% drop in third quarter profits due to a $2 billion impairment charge. The nation's second largest bank reported net income of $5.78 billion, or 56 cents per share. That's better than the per-share projections of 50 cents that Wall Street was...
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Chinese investors react as they monitor stock prices at a brokerage house in Beijing, Wednesday, Oct. 16, 2019. Asian shares were higher Wednesday after a gain on Wall Street boosted by healthy earnings reports from U.S. companies. (AP Photo/Andy Wong)
October 16, 2019 - 7:51 am
TOKYO (AP) — Global markets were mixed Wednesday as investors await another batch of earnings reports from U.S. companies and Brexit talks faltered yet again. Germany's DAX rose 0.3% to 12,666, while Britain's FTSE 100 fell 0.1% to 7,202. France's CAC 40 was flat to slightly lower at 5,699. U.S...
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October 16, 2019 - 4:44 am
AMSTERDAM (AP) — Signify, the Dutch company formerly known as Philips Lighting, says it is buying Cooper Lighting Solutions from Eaton Corp. for $1.4 billion (1.27 billion euros) in a move intended to strengthen its position in the North American market. Signify said late Tuesday that the deal is...
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