Corporate news

FILE - In this Sept. 20, 2016, file photo, Wells Fargo CEO John Stumpf testifies on Capitol Hill in Washington, before the Senate Banking Committee. Federal regulators have slapped former Wells Fargo Chief Executive Stumpf with a $17.5 million fine for his role in the bank's sales practices scandal. (AP Photo/Susan Walsh, File)
January 23, 2020 - 11:06 am
NEW YORK (AP) — Federal regulators have slapped former Wells Fargo Chief Executive John Stumpf with a $17.5 million fine for his role in the bank's sales practices scandal. The Office of the Comptroller of the Currency also announced Thursday it was suing five other former Wells Fargo executives...
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Insys Therapeutics founder John Kapoor arrives for sentencing at federal court on Thursday, Jan. 23, 2020, in Boston. Kapoor was convicted in a bribery and kickback scheme that prosecutors said helped fuel the opioid crisis. He and others in the company were accused of paying millions of dollars in bribes to doctors across the nation to prescribe the company's highly addictive fentanyl spray, known as Subsys. (AP Photo/Charles Krupa)
January 23, 2020 - 11:05 am
BOSTON (AP) — The founder of an Arizona pharmaceutical company arrived at federal court in Boston on Thursday to be sentenced for orchestrating a bribery and kickback scheme that prosecutors said helped fuel the opioid crisis. John Kapoor, the 76-year-old former chairman of Insys Therapeutics, was...
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FILE - In this Jan. 15, 2020, file photo specialist Peter Mazza works at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Jan. 23. (AP Photo/Richard Drew, File)
January 23, 2020 - 9:07 am
NEW YORK (AP) — Stocks fell on Wall Street in midday trading Thursday as investors worried that a deadly virus outbreak in China could continue spreading and hurt the global economy. The slump for U.S. indexes follows a sell-off for global markets as authorities worldwide take measures to monitor...
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FILE - In this Sept. 9, 2019, file photo Southwest pilots prepare for a flight at Tampa International Airport in Tampa, Fla. Southwest Airlines Co. reports financial results Thursday, Jan. 23, 2020. (AP Photo/Mike Stewart, File)
January 23, 2020 - 8:49 am
DALLAS (AP) — The three big U.S. airlines that own Boeing 737 Max jets don’t expect the grounded plane back in their fleets before the end of the peak summer travel season, and that promises to lead to thousands more canceled flights and higher costs well into another year. On Thursday, American...
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FILE - This Jan. 24, 2019, file photo shows a Comcast truck in Pittsburgh. Comcast Corp. reports financial results Thursday, Jan. 23, 2020. (AP Photo/Gene J. Puskar, File)
January 23, 2020 - 8:09 am
Comcast continued adding internet customers in the fourth quarter, helping lift its net income 26%. The Philadelphia company, which owns NBCUniversal and European broadcaster Sky as well as a providing cable and internet service in the U.S., has been focusing on broadband as more people quit...
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In this March 5, 2015 photo, Isabel dos Santos, reputedly Africa's richest woman, attends the opening of an art exhibition featuring works from the collection of her husband and art collector Sindika Dokolo in Porto, Portugal. On Monday, Jan. 6, 2020, Angola's foreign minister Manuel Augusto said that there is no political motivation behind the government's demand for more than $1 billion from dos Santos, her husband and a Portuguese business partner. Isabel dos Santos is a daughter of Jose Eduardo dos Santos, who ruled the oil- and diamond-rich nation for 38 years until 2017. (AP Photo/Paulo Duarte)
January 23, 2020 - 7:49 am
LISBON, Portugal (AP) — A Portuguese banker named in a major Angolan money-laundering and corruption scandal has died in an apparent suicide at his home, police said Thursday. Nuno Ribeiro da Cunha, named as a suspect by Angolan authorities in an investigation targeting the billionaire daughter of...
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FILE - In this Jan. 15, 2020, file photo specialist Scott Vasilisin, right works with trader Michael Milano on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Wednesday, Jan. 22. (AP Photo/Richard Drew, File)
January 22, 2020 - 2:00 pm
Major U.S. stock indexes ended little changed Wednesday after an early rebound rally faded in the final minutes of trading. The S&P 500 and Nasdaq composite eked out tiny gains, while the Dow Jones Industrial Average finished slightly lower. Gains in technology, financial and health care stocks...
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January 22, 2020 - 1:19 pm
NEW YORK (AP) — The head of Hallmark's media business is leaving the company after 11 years, just a month after its flagship Hallmark Channel faced an outcry over a decision to pull an ad with a lesbian couple kissing. No reason was given for Bill Abbott's departure, and no replacement was...
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FILE - In this Jan. 26, 2011 file photo, Nielsen Company CEO David Calhoun, center, watches progress as he waits for the company's IPO to begin trading, on the floor of the New York Stock Exchange. Calhoun, Boeing's new CEO, said Wednesday, Jan. 22, 2020, that production of the 737 Max will resume this spring, months before the company expects federal regulators to certify the grounded plane to fly again. (AP Photo/Richard Drew, File)
January 22, 2020 - 11:51 am
Boeing's new CEO said Wednesday that production of the 737 Max will resume this spring, months before the company expects federal regulators to certify the grounded plane to fly again. David Calhoun also said he believes passengers will fly on the Max when federal regulators say it is safe and they...
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This Oct. 21, 2019, photo shows Johnson's Baby Aloe & Vitamin E Powder in Salt Lake City. Johnson & Johnson reports financial results Wednesday, Jan. 22, 2020. (AP Photo/Rick Bowmer)
January 22, 2020 - 7:45 am
Higher prescription drug sales and lower legal costs drove Johnson & Johnson's fourth-quarter profit 32% higher. The world's biggest maker of health care products on Wednesday reported net income of $4.01 billion, or $1.50 per share. That's up from $3.04 billion, or $1.12, a year earlier...
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