Corporate news

January 18, 2019 - 11:56 am
NEW YORK (AP) — Tiffany & Co. says holiday shoppers and Chinese tourists spent less on its bling. The luxury jeweler, famous for its little blue boxes, says sales slipped in the holiday shopping season as Chinese tourists spent less while traveling due to the strong dollar, making it more...
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January 18, 2019 - 7:21 am
WASHINGTON (AP) — Perdue is recalling more than 68,000 pounds (30,844 kilograms) of chicken nuggets because they may be contaminated with wood. The gluten free Organics Breaded Chicken Breast Nuggets were produced on Oct. 25 and were sold at stores nationwide. They have a UPC bar code of 72745-...
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FILE- In this Jan. 7, 2019, file photo a customer shops in a Sears store in the Brooklyn borough of New York. Sears confirmed Thursday, Jan. 17, that chairman and largest shareholder Eddie Lampert’s hedge fund has won tentative approval for a $5.2 billion plan to buy 425 stores and the rest of its assets. (AP Photo/Mark Lennihan, File)
January 17, 2019 - 5:55 pm
NEW YORK (AP) — A group of Sears creditors are challenging Chairman Eddie Lampert's hedge fund's winning $5.2 billion bid to buy the business in a bankruptcy auction and wants to air their grievances in court. Sears confirmed Thursday that Lampert's hedge fund won tentative approval for the plan to...
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FILE - In this Monday, July 18, 2016, file photo, American Express credit cards are photographed in North Andover, Mass. American Express Co. reports financial results Thursday, Jan. 17, 2019. (AP Photo/Elise Amendola, File)
January 17, 2019 - 4:38 pm
NEW YORK (AP) — American Express swung to a fourth-quarter profit, the credit card company said Thursday, helped by a lower tax rate and more spending on the company's namesake credit cards. The New York-based company earned $2.01 billion, or $2.32 a share, compared with a loss of $1.21 billion, or...
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A sign with the Sackler name is displayed at the Metropolitan Museum of Art in New York, Thursday, Jan. 17, 2019. The Sackler name adorns walls at some of the world's top museums and universities, including the Met, the Guggenheim and Harvard. But the family's ties to the powerful painkiller OxyContin and the drug's role in the nation's deadly opioid crisis are bringing a new kind of attention to the Sacklers and their philanthropic legacy. (AP Photo/Seth Wenig)
January 17, 2019 - 3:22 pm
BOSTON (AP) — The Sackler name is emblazoned on the walls at some of the world's great museums and universities, including the Smithsonian, the Guggenheim and Harvard. But now the family's ties to OxyContin and the painkiller's role in the deadly opioid crisis are bringing the Sacklers a new and...
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January 17, 2019 - 1:58 pm
TOLEDO, Ohio (AP) — Workers who sued General Motors after nooses and racist graffiti were found at its largest U.S. transmission plant nearly two years ago are still facing racial harassment, their attorney said Thursday. Just this week, one of the workers found a monkey doll and a racist drawing...
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FILE In this Wednesday, Jan 16, 2019, file photo, U.S. Coast Guardsmen and women, who missed their first paycheck a day earlier during the partial government shutdown, walk off a 45-foot response boat during their shift at Sector Puget Sound base in Seattle. San Antonio-based USAA, a military personnel insurer and financial services company, said Wednesday they has donated $15 million for interest-free loans to Coast Guard members during the partial U.S. government shutdown. The funds will be disbursed by Coast Guard Mutual Assistance. The American Red Cross Hero Care Center will assist. (AP Photo/Elaine Thompson, File)
January 17, 2019 - 11:40 am
SAN ANTONIO (AP) — A military personnel insurer and financial services company has donated $15 million for interest-free loans to Coast Guard members during the partial U.S. government shutdown. San Antonio-based USAA on Wednesday announced the funds will be disbursed by Coast Guard Mutual...
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January 17, 2019 - 7:06 am
NEW YORK (AP) — Investment bank Morgan Stanley on Thursday reported fourth-quarter results that came up short of analysts' expectations, hurt by difficulties in trading that impacted other Wall Street firms. The New York-based firm said it earned $1.53 billion, or 80 cents a share, up from a profit...
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January 17, 2019 - 6:44 am
SAN FRANCISCO (AP) — Gymboree has filed for bankruptcy protection for a second time in as many years, but this time the children's clothing retailer will begin winding down operations for good. The San Francisco company said late Wednesday that it will close all of its Gymboree and Crazy 8 stores...
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FILE - In this Jan. 12, 2019 file photo, a motorcyclist rides near the SpaceX prototype Starship hopper at the Boca Chica Beach site in Texas. SpaceX says it will build its Mars spaceship in south Texas instead of the Port of Los Angeles, dealing another blow to the local economy only days after the company announced massive layoffs. The Southern California-based company announced Wednesday, Jan. 16, 2019 that test versions of its Starship and Super Heavy rocket will be assembled at its Texas launch facility in a move to streamline operations. (Miguel Roberts/The Brownsville Herald via AP, File)
January 16, 2019 - 8:19 pm
HAWTHORNE, Calif. (AP) — SpaceX said Wednesday that it will build test versions of its Mars spaceship in south Texas instead of the Port of Los Angeles in another blow to the local economy that comes days after the company announced massive layoffs. The decision was made to streamline operations,...
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