Corporate news

Trader Fred DeMarco works on the floor of the New York Stock Exchange, Friday, Feb. 28, 2020. Global stock markets are falling further on spreading virus fears. (AP Photo/Richard Drew)
Associated Press
February 28, 2020 - 5:18 pm
Stocks sank around the globe again Friday as investors braced for more economic pain from the coronavirus outbreak, sending U.S. markets to their worst weekly finish since the 2008 financial crisis. The damage from the week of relentless selling was eye-popping: The Dow Jones Industrial Average...
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In this Wednesday, Feb. 12, 2020, photo, a statue stands outside the Boys Scouts of America headquarters in Irving, Texas. The Boy Scouts of America has filed for bankruptcy protection as it faces a barrage of new sex-abuse lawsuits. The filing Tuesday, Feb. 18, in Wilmington, Delaware, is an attempt to work out a potentially mammoth compensation plan for abuse victims that will allow the 110-year-old organization to carry on. (AP Photo/LM Otero)
Associated Press
February 18, 2020 - 8:21 am
Barraged by hundreds of sex-abuse lawsuits, the Boy Scouts of America filed for bankruptcy protection Tuesday in hopes of working out a potentially mammoth victim compensation plan that will allow the 110-year-old organization to carry on. The Chapter 11 filing in federal bankruptcy court in...
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FILE - In this May 4, 2018, file photo, a man walks past a branch of HSBC bank in Hong Kong. Europe's biggest bank has reported that its net profit fell 53% in 2019 to $6 billion. London-based HSBC, whose profit is mainly from Asia, said it plans to revamp its U.S. and European business and shed $100 billion in assets to improve its profitability. (AP Photo/Kin Cheung, File)
Associated Press
February 18, 2020 - 3:28 am
HSBC bank said Tuesday it will shed some 35,000 jobs as part of a deep overhaul to focus on faster-growing markets in Asia and better cope with a slew of global uncertainties. The interim chief executive, Noel Quinn, said the number of people employed by the bank would fall from 235,000 to 200,000...
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FILE - In this March 29, 2018 file photo, President Donald Trump poses for members of the media with then White House Communications Director Hope Hicks on her last day before he boards Marine One on the South Lawn of the White House in Washington. Hicks, one of President Donald Trump's most trusted and longest-serving aides, is returning to the White House. Hicks will be serving as counselor to the president, working with presidential son-in-law and senior adviser Jared Kushner. (AP Photo/Andrew Harnik)
Associated Press
February 13, 2020 - 3:26 pm
WASHINGTON (AP) — Hope Hicks, one of President Donald Trump's most trusted and longest-serving aides, is returning to the White House as the president works to surround himself with loyalists as his reelection campaign moves into high gear. Hicks, who was one of Trump's original 2016 campaign...
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FILE - In this Feb. 2, 2020 file photograph, the company logo sits on an unsold 2020 Model X at a Tesla dealership in Littleton, Colo. Shares of Tesla Inc. fell 4% in early trading Thursday, Feb. 13, after the electric vehicle and solar panel maker said it would sell more than $2 billion worth of additional shares. The move comes just two weeks after CEO Elon Musk said the company had enough cash to fund its capital programs and it didn't need to raise any more money. (AP Photo/David Zalubowski, File)
Associated Press
February 13, 2020 - 11:49 am
DETROIT (AP) — Tesla said that is selling $2 billion worth of additional stock, that its U.S. revenue fell last year and that securities regulators are scrutinizing its finances. All of the developments Thursday were disclosed in filings with U.S. Securities and Exchange Commission, which in...
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(Photo by Chip Somodevilla/Getty Images)
Associated Press
January 16, 2020 - 12:23 pm
WASHINGTON (AP) — The Senate overwhelmingly approved a new North American trade agreement Thursday that rewrites the rules of trade with Canada and Mexico and gives President Donald Trump a major policy win before senators turn their full attention to his impeachment trial. The vote was 89-10. The...
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Two sets of bedroom furniture, including cardboard beds, for the Tokyo 2020 Olympic and Paralympic Villages are shown in a display room Thursday, Jan. 9, 2020, in Tokyo. Tokyo Olympic athletes beware - particularly larger ones. The single bed frames in the Athletes Village at this year's Olympics will be made of cardboard. The single bed frames will be recycled into paper products after the games. The mattress components - the mattress are not made of cardboard - will be recycled into plastic products.. (AP Photo/Jae C. Hong)
Associated Press
January 09, 2020 - 12:12 am
TOKYO (AP) — Tokyo Olympic athletes beware — particularly larger ones. The bed frames in the Athletes Village at this year's Olympics will be made of cardboard. Sturdy cardboard. “Those beds can stand up to 200 kilograms,” explained Takashi Kitajima, the general manager of the Athletes Village,...
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Debris from a collapsed wall of a building litters the ground after an earthquake struck Puerto Rico before dawn, in Ponce, Puerto Rico, Tuesday, Jan. 7, 2020. (AP Photo/Carlos Giusti)
Associated Press
January 07, 2020 - 11:23 am
GUAYANILLA, Puerto Rico (AP) — A 6.4-magnitude earthquake struck Puerto Rico before dawn on Tuesday, killing one man, injuring at least eight other people and collapsing buildings in the southern part of the island. The quake was followed by a series of strong aftershocks, part of a 10-day series...
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FILE - This June 15, 2005, file photo shows a Pier 1 Imports store in Dallas. Pier 1 Imports is closing nearly half its 942 stores as it struggles to draw consumers and compete online. The home decor company said Monday, Jan. 6, 2020, it is closing up to 450 stores and will also shutter distribution centers. It didn't say where the store closures would occur, but it operates stores in the U.S. and Canada. Pier 1 also plans layoffs at its corporate headquarters in Fort Worth, Texas. (AP Photo/Donna McWilliam, File)
Associated Press
January 06, 2020 - 6:41 pm
FORT WORTH, Texas (AP) — Pier 1 Imports is closing nearly half its 942 stores as it struggles to draw consumers and compete online. The home decor company said Monday it is closing up to 450 stores and will also shutter distribution centers. It didn't say where the store closures would occur, but...
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This Dec. 19, 2019, satellite image from Planet Lab Inc., that has been analyzed by experts at the Middlebury Institute of International Studies, shows the March 16 Factory in Pyongsong, near Pyongyang, where North Korea manufactures military trucks used as mobile launchers for long-range missiles. This new satellite image on a North Korean missile-related site shows the construction of a new structure this month. (Planet Labs Inc, Middlebury Institute of International Studies via AP)
Associated Press
December 23, 2019 - 7:50 pm
SEOUL, South Korea (AP) — A new satellite image of a factory where North Korea makes military equipment used to launch long-range missiles shows the construction of a new structure. The release of several images from Planet Labs comes amid concern that North Korea could launch a rocket or missile...
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