Corporate news

FILE - In this April 6, 2020 file photo, a customer wearing a mask carries his purchases as he leaves a Target store during the coronavirus pandemic, in the Brooklyn borough of New York. Online sales at Target more than doubled as the pandemic put millions in lockdown during the first quarter, revealing further the critical role big box stores played in getting supplies to an immobilized population. The Minneapolis company reported Wednesday, May 20 that comparable-store sales, which include online purchases, rose 10.8% for the three-month period that ended May 2. (AP Photo/Mark Lennihan, File)
AP News Staff
May 20, 2020 - 6:18 am
NEW YORK (AP) — Online sales at Target more than doubled as the pandemic put millions in lockdown during the first quarter, revealing further the critical role big box stores played in getting supplies to an immobilized population. The Minneapolis company reported Wednesday that comparable-store...
Read More
FILE - In this April 17, 2020, file photo, President Donald Trump and Vice President Mike Pence listen as Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, speaks about the coronavirus in the James Brady Press Briefing Room of the White House in Washington. The Trump administration’s leading health experts on safely dealing with the novel coronavirus will be testifying in a Senate hearing by a videoconference after three of them and the committee's chairman were exposed to someone who tested positive for COVID-19. (AP Photo/Alex Brandon, File)
AP News Staff
May 12, 2020 - 9:51 am
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — Dr. Fauci hopes for vaccine in advanced trials by...
Read More
FILE - This Oct. 16, 2019, file photo shows a sign at a General Motors facility in Langhorne, Pa. U.S. auto safety investigators have found no apparent defect with the passenger air bag seat sensors in thousands of older General Motors sedans. The National Highway Traffic Safety Administration denied a 2013 petition filed by a private crash investigator seeking a formal investigation of full-size cars including the Chevrolet Impala from the 2004 to 2010 model years. (AP Photo/Matt Rourke, File)
AP News Staff
May 06, 2020 - 8:20 am
DETROIT (AP) — General Motors' first-quarter net income fell 88%, but it still managed to make $247 million despite the arrival of the global coronavirus pandemic. U.S. automakers suspended production in much of the world in late March. For GM, that clipped revenue for the quarter by 6%, to $32.7...
Read More
FILE - In this Wednesday, April 15, 2020, file photo, an Illinois Department of Employment Security office is closed in Chicago. At least a half-dozen states, including Illinois, already have notified the federal government that they could need to borrow billions of dollars to pay unemployment benefits because their own trust funds are running out of money. Though the shortfalls won't prevent unemployed workers from getting government aid, the federal loans could lead to higher taxes for businesses in future years to repay the debt. (AP Photo/Nam Y. Huh, File)
AP News Staff
May 06, 2020 - 7:32 am
BALTIMORE (AP) — U.S. businesses cut an unprecedented 20.2 million jobs in April, an epic collapse as the coronavirus outbreak closed of offices, factories, schools, construction sites and stores that propel the U.S. economy. The Wednesday report from payroll company ADP showed the tragic depth and...
Read More
FILE - This April 18, 2020, file photo, shows the JBS USA Pork Plant in Worthington, Minn. Officials estimate that about 700,000 pigs across the nation can't be processed each week and must euthanized. Most of the hogs are being killed at farms, but up to 13,000 a day also may be euthanized at the JBS pork plant in Worthington. (Aaron Lavinsky/Star Tribune via AP)
AP News Staff
May 01, 2020 - 11:20 am
DES MOINES, Iowa (AP) — After spending two decades raising pigs to send to slaughterhouses, Dean Meyer now faces the mentally draining, physically difficult task of killing them even before they leave his northwest Iowa farm. Meyer said he and other farmers across the Midwest have been devastated...
Read More
FILE - In this April 20, 2020 file photo, Lufthansa airline, Boeing 747 aircrafts are parked at the airport in Frankfurt, Germany. Boeing says it will cut about 10% of its work force and slow production of planes as it deals with the ongoing grounding of its best-selling plane and the coronavirus pandemic. With air travel falling sharply because of the virus, airlines have delayed orders and deliveries of new planes, reducing Boeing’s revenue. (AP Photo/Michael Probst, File)
AP News Staff
April 29, 2020 - 7:44 am
Boeing is cutting about 10% of its work force and slowing production of planes to deal with a downturn in business that started with the grounding of its best-selling jet and has accelerated because of the coronavirus pandemic. Boeing Co. said Wednesday it has started to shrink through attrition,...
Read More
Southwest Airlines airplanes sit parked Tuesday, April 7, 2020, at Paine Field airport in Everett, Wash. A steep decline in travel due to the outbreak of the coronavirus has pushed airlines to cancel flights, run fewer planes and seek government aid. (AP Photo/Ted S. Warren)
AP News Staff
April 28, 2020 - 8:04 am
DALLAS (AP) — Southwest Airlines posted its first quarterly loss in nearly a decade and said Tuesday that the downturn in air travel that began in late February shows no signs of letting up. The airline said trip cancellations have pulled back from a peak in March but remain at levels that...
Read More
FILE - This combination of April 30, 2018, file photos shows signage for a Sprint store in New York's Herald Square, top, and signage at a T-Mobile store in New York. Mobile carrier T-Mobile has completed its takeover of smaller rival Sprint, creating a new wireless giant that rivals AT&T and Verizon in size. The deal was announced two years ago and has taken a long time to close because of pushback from state and federal regulators.(AP Photo/Bebeto Matthews, File)
AP News Staff
April 01, 2020 - 1:52 pm
NEW YORK (AP) — Mobile carrier T-Mobile has completed the takeover of smaller rival Sprint, creating a new wireless giant that rivals AT&T and Verizon in size. The companies announced the deal, valued at $31.6 billion based on T-Mobile's closing stock price Tuesday, two years ago. It has taken...
Read More
T-Mobile chief executive John Legere speaks to reporters as he leaves the courthouse in New York, Wednesday, Jan. 15, 2020. Legere was in court to hear closing arguments in the case that could permit T-Mobile to merge with Sprint. (AP Photo/Seth Wenig)
AP News Staff
February 11, 2020 - 8:30 am
NEW YORK (AP) — A federal judge has removed a major obstacle to T-Mobile's $26.5 billion takeover of Sprint, as he rejected claims by a group of states that the deal would mean less competition and higher phone bills. After the deal closes, the number of major U.S. wireless companies would shrink...
Read More
Founders of Ben and Jerry's scoop ice cream
Getty / Win McNamee
AP News Staff
November 08, 2019 - 11:18 am
BURLINGTON, Vt. (AP) — Ben & Jerry's is facing a lawsuit accusing the ice cream maker and its parent company of false advertising by saying the milk and cream in its products comes from "happy cows." In a complaint filed Oct. 31 in federal court in Burlington, Vermont, where Ben & Jerry's...
Read More

Pages