Corporate news

FILE - In this Jan. 9, 2019 file photo, Mexican President Andres Manuel Lopez Obrador speaks during a press conference in Mexico City. Lopez Obrador announced on Friday, Feb. 15, 2019, a $3.9 billion bailout for the cash-strapped state-owned Pemex oil company. (AP Photo/Rebecca Blackwell, File)
February 15, 2019 - 1:49 pm
MEXICO CITY (AP) — Mexican President Andres Manuel Lopez Obrador on Friday announced a $3.9 billion bailout for the country's cash-strapped, state-owned oil company Friday and promised it an additional $1.6 billion in revenue, making it a rescue package of up to $5.5 billion. Lopez Obrador has made...
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FILE- In this Feb. 5, 2019, file photo trader Andrew Silverman works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Feb. 15. (AP Photo/Richard Drew, File)
February 15, 2019 - 1:48 pm
The Dow Jones Industrial Average surged more than 400 points Friday as renewed optimism over trade talks between the U.S. and China put investors in a buying mood. The rally marked a turnaround from a day earlier, when disappointing holiday sales data led to a modest sell-off. Friday's gains helped...
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FILE- In this Feb. 5, 2019, file photo trader Andrew Silverman works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Feb. 15. (AP Photo/Richard Drew, File)
February 15, 2019 - 1:14 pm
NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Stocks surged on Wall Street Friday after Chinese and U.S. officials agreed to continue trade talks in Washington next week. Investors are again weighing quarterly results from major U.S. companies. Newell...
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This still image from a 2015 video presented as evidence by the U.S. Attorney's Office in federal court in Boston on Wednesday, Feb. 13, 2019, shows a scene from a rap video made to motivate Insys Therapeutics sales representatives to get doctors to prescribe higher doses of the company's highly addictive fentanyl spray. Company founder John Kapoor and four other former executives are charged with scheming to pay bribes and kickbacks to physicians to induce them to prescribe higher doses. Kapoor and the other executives have denied all wrongdoing. (Insys Therapeutics/U.S. Attorney's Office via AP)
February 15, 2019 - 10:35 am
BOSTON (AP) — Employees at a drug company accused of bribing doctors rapped and danced around a person dressed as a bottle of the highly addictive fentanyl spray in a video meant to motivate sales reps into getting patients on higher doses. The video was shown to jurors this week in the closely...
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FILE- In this May 7, 2018, file photo a delivery man unloads cases of soft drinks from a Pepsi truck in New York. PepsiCo Inc. reports earns on Friday, Feb. 15, 2019. (AP Photo/Mark Lennihan, File)
February 15, 2019 - 7:28 am
PURCHASE, N.Y. (AP) — PepsiCo moved to a profit in its fourth quarter, getting a boost from a large tax benefit as sales in its Frito-Lay unit North America strengthened. Shares rose $2.36, or 2.1 percent, to $114.95 in Friday morning trading. The food and beverage company recorded a $5.3 billion...
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FILE- In this Dec. 17, 2018, file photo, a pair of athletic shoes designed for the military are laced up at a New Balance factory in Norridgewock, Maine. On Friday, Feb. 15, 2019, the Federal Reserve reports on U.S. industrial production for January. (AP Photo/Robert F. Bukaty, File)
February 15, 2019 - 7:18 am
WASHINGTON (AP) — U.S. industrial production fell 0.6 percent in January, stemming in large part from an 8.8 percent plunge in the making of motor vehicles and auto parts. The Federal Reserve said Friday that that the manufacturing component of the index dropped 0.9 percent last month, reversing a...
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FILE - In this March 8, 2018 file photo photo Volkswagen cars are pictured during a final quality control at the Volkswagen plant in Wolfsburg, Germany. Germany's economic growth has stagnated in the last three months of the year. (AP Photo/Michael Sohn, file)
February 15, 2019 - 5:50 am
MILAN (AP) — The European carmakers' association says new passenger car sales in the region dropped by 4.6 percent in January, weighed down by big declines in Spain and Italy. Despite the drop, the association said Friday that the 1.2 million cars sold last month in the European Union marked the...
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February 15, 2019 - 3:10 am
COPENHAGEN, Denmark (AP) — A Sweden court has acquitted three former executives of telecoms company Telia of corruption charges involving contracts in Uzbekistan, citing lack of evidence. The charges related to alleged bribery during 2007-2010 in connection with an Uzbek partner when Telia, then...
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FILE - In this June 5, 2017 file photo, Eric Danziger, CEO of Trump Hotels, left, joins Eric Trump, center, and Donald Trump Jr., both of whom are executive vice presidents of the Trump Organization, as the trio poses for a photograph during an event for Scion Hotels n New York. On Thursday, Feb. 14, 2019, the Trump Organization announced that it will no longer try to open hotels under its Scion and American Idea brands which would have been marketed to budget and mid-priced travelers. (AP Photo/Kathy Willens, File)
February 14, 2019 - 5:26 pm
NEW YORK (AP) — President Donald Trump's company is scrapping plans for two new hotel chains announced two years ago, casting blame in part on a hostile political environment. The Trump Organization said Thursday that it will no longer try to open hotels under its Scion and American Idea brands...
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FILE - In this Jan. 5, 2019, file photo, Nashville Police Officer Andrew Delke sits with his attorney John M.L. Brown at the second day of his preliminary hearing at the Justice A.A. Birch Building in Nashville, Tenn. The attorney for Delke, a police officer charged with fatally shooting an armed black man is calling for legal discovery documents to be sealed from the public. (George Walker IV/The Tennessean via AP)
February 14, 2019 - 3:59 pm
NASHVILLE, Tenn. (AP) — The attorney for a white police officer charged with fatally shooting an armed black man in Tennessee is calling for legal discovery documents to be sealed from members of the public. Meanwhile, a police union has launched a digital ad campaign seeking to defend the...
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