Corporate news

FILE - In this May 13, 2020, file photo, Ford Motor Co., line workers put together ventilators that the automaker is assembling at the Ford Rawsonville plant in Ypsilanti Township, Mich. American industry rebounded last month as factories began to reopen for the first time since being shut down by the coronavirus in Aprll. The Federal Reserve said Tuesday, June 16, 2020, that industrial production — including output at factories, mines and utilities — rose 1.4% in May after plummeting a record 12.4% in April and 4.6% in March. (AP Photo/Carlos Osorio, File)
August 14, 2020 - 9:49 am
WASHINGTON (AP) — American industry continued to regain ground lost in the coronavirus recession last month, but production remains well below where it was before the pandemic struck. The Federal Reserve reported Friday that industrial production — including output at factories, mines and utilities...
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FILE - In this June 25, 2020 file photo, a price sign is displayed at a retail store as a store employee wears a mask while working in Niles, Ill. Small businesses are in limbo again as the coronavirus outbreak rages and the government’s $659 billion relief program draws to a close. Companies still struggling with sharply reduced revenue are wondering if Congress will give them a second chance at the Paycheck Protection Program, which ends Friday, Aug. 7, after giving out 5.1 million loans worth $523 billion. (AP Photo/Nam Y. Huh, File)
August 14, 2020 - 9:24 am
WASHINGTON (AP) — Americans increased their retail purchases by 1.2% in July, with solid gains in appliances and clothing helping restore sales to their level before the viral pandemic erupted in March. Sales at retail stores and restaurants have now risen for three straight months, after plunges...
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A medical worker gives coronavirus vaccine candidate to a volunteer during a trial at a community health center in Bandung, West Java, Indonesia, Friday, Aug. 14, 2020. Indonesia's only vaccine production company has started this week a so-called phase 3 clinical trials to test a potential coronavirus vaccine developed by a Chinese company. (AP Photo/Kusumadirezza)
August 14, 2020 - 5:52 am
JAKARTA, Indonesia (AP) — More people in Indonesia rolled up their sleeves Friday to test a potential coronavirus vaccine developed by a Chinese company. The Indonesian government announced the partnership between state-owned enterprise Bio Farma and the Chinese company Sinovac BioTech in early...
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People wearing face masks to protect against the coronavirus walk through a shopping mall in Beijing, Friday, Aug. 14, 2020. China's factory output rose just under 5% last month from a year earlier while retail sales fell slightly, suggesting the country's recovery from the coronavirus pandemic remains muted. (AP Photo/Mark Schiefelbein)
August 14, 2020 - 2:09 am
BEIJING (AP) — China's factory output rose just under 5% last month from a year earlier while retail sales fell slightly, suggesting the country's recovery from the coronavirus pandemic remains muted. The data reported on Friday show that despite a rebound in Chinese exports, domestic demand in the...
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FILE - President Donald Trump points to a question as he speaks during a briefing with reporters in the James Brady Press Briefing Room of the White House, in Washington. TikTok and its U.S. employees are planning to take the Trump administration to court over a sweeping order that could ban the popular video app, according to a lawyer preparing one of the lawsuits. The employees’ legal challenge to Trump’s executive order will be separate from a pending lawsuit from the company that owns the app, says Mike Godwin, an internet policy lawyer representing the employees. (AP Photo/Alex Brandon)
August 13, 2020 - 7:52 pm
TikTok and its U.S. employees are planning to take President Donald Trump's administration to court over his sweeping order to ban the popular video app, according to a lawyer preparing one of the lawsuits. The employees' legal challenge to Trump's executive order will be separate from a pending...
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Boston Red Sox starting pitcher Chris Sale throws during spring training baseball camp Wednesday, Feb. 19, 2020, in Sarasota, Fla. (AP Photo/John Bazemore)
August 13, 2020 - 7:27 pm
With an arm repaired by Tommy John surgery and a pandemic locking him out of the Red Sox spring training facility, Boston left-hander Chris Sale is managing his rehab the best he can. The team has moved some weights into an outdoor batting cage, which Sale also uses as a locker room. Some electric...
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August 13, 2020 - 6:34 pm
HUNTSVILLE, Ala. (AP) — Mazda Toyota Manufacturing, the new joint-venture between the two auto companies, on Thursday announced an additional $830 million investment in its new Alabama plant. Gov. Kay Ivey said in a news release that the investment in the new auto facility is now $2.3 billion, up...
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FILE - This Jan 22, 2020, file photo shows a Ravn Connect airplane landing at the airstrip in Toksook Bay, Alaska. The largest rural airline in Alaska has declared bankruptcy and laid off more than a thousand workers but wants $250,000 in bonuses to be awarded to its chief executive and other employees. Alaska Public Radio reported that RavnAir Group filed the request Tuesday, Aug. 11, 2020 in Delaware bankruptcy court. (AP Photo/Mark Thiessen, File)
August 13, 2020 - 6:27 pm
ANCHORAGE, Alaska (AP) — The largest rural airline in Alaska has declared bankruptcy and laid off more than a thousand workers but wants to award $250,000 in bonus money to its chief executive and other employees. Anchorage-based RavnAir Group filed the request Tuesday in Delaware bankruptcy court...
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FILE - In this Tuesday, Sept. 10, 2019 file photo Ola Kaellenius, CEO of the car manufacturer Mercedes, stands next to a 'Vision EQS' car at the IAA Auto Show in Frankfurt, Germany. On Tuesday, Feb. 11, 2020 Daimler AG, maker of Mercedes-Benz cars, issues fourth-quarter and full year earnings and provides business update at news conference. (AP Photo/Michael Probst, file)
August 13, 2020 - 2:12 pm
BERLIN (AP) — Daimler AG, the maker of Mercedes-Benz cars, says it has reached an agreement in principle to settle U.S. claims over emissions from its diesel vehicles for over $2.2 billion. The Stuttgart, Germany-based automaker said late Thursday that the agreement with various U.S. authorities...
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FILE - This Aug. 28, 2019, file photo shows the Adelanto U.S. Immigration and Enforcement Processing Center operated by GEO Group, Inc. (GEO) a Florida-based company specializing in privatized corrections in Adelanto, Calif. Speaking to investors last week, the founder of the private prison company GEO Group, which has been donating large sums to President Donald Trump and Republican candidates, predicted his company would rebound after the November election. (AP Photo/Chris Carlson, File)
August 13, 2020 - 1:27 pm
HOUSTON (AP) — Executives at the nation’s two largest private prison companies have been donating large sums to President Donald Trump and Republican candidates with an eye toward the November elections that one of the corporations believes will lead to a rebound in its stock price. The fortunes of...
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