Latest Corporate News

Perdue defends, celebrates USDA agency moves to Missouri

Nov. 15, 2019 5:52 PM EST

KANSAS CITY, Mo. (AP) — U.S. Secretary of Agriculture Sonny Perdue said Friday that he has “absolutely zero regrets” about moving the headquarters of two research agencies from Washington, D.C., to Kansas City, despite continuing criticism that the move would harm agricultural research and...

US approves new drug to manage sickle cell disease

Nov. 15, 2019 5:46 PM EST

U.S. regulators on Friday approved a new medicine that can help reduce extremely painful sickle cell disease flare-ups. The Food and Drug Administration approved Novartis AG’s Adakveo for patients 16 and older. The monthly infusion, which halves occurrences of sickle cell pain episodes, will carry a list...

Private prison firm preps for 2020 ‘worst case scenario’

Nov. 15, 2019 5:42 PM EST

NASHVILLE, Tenn. (AP) — The head of a giant private prison company says his firm is prepared for the “worst case scenario” should a Democratic presidential candidate win the 2020 election and attempt to abolish private involvement in the prison sector. CoreCivic CEO Damon Hininger addressed...

Stocks end week of milestones at new highs; Dow tops 28,000

Nov. 15, 2019 5:41 PM EST

Wall Street closed out the week with more milestones Friday as the Dow Jones Industrial Average crossed 28,000 for the first time and the S&P 500 and Nasdaq hit record highs. Health care and technology stocks powered most of the broad rally, which helped drive the S&P 500 to its sixth straight weekly...

Report: Hurricane Dorian inflicted $3.4B losses on Bahamas

Nov. 15, 2019 5:14 PM EST

SAN JUAN, Puerto Rico (AP) — Hurricane Dorian inflicted losses of about $3.4 billion on the Bahamas, an amount equal to one-quarter of the Caribbean archipelago’s GDP, according to a report released Friday. The report by the Inter-American Development Bank also said there were 67 confirmed deaths...

High tides surge through Venice, locals rush to protect art

Nov. 15, 2019 4:22 PM EST

VENICE, Italy (AP) — Exceptionally high tidal waters rolled relentlessly through Venice again on Friday, forcing the closure of St. Mark’s Square to the public and flooding most of the lagoon city’s already devastated center before easing. Forecasters warned that the danger for more...

Twitter details political ad ban, admits it’s imperfect

Nov. 15, 2019 4:13 PM EST

Twitter’s new ban on political ads will cover appeals for votes, solicitations for campaign contributions and any political content. But the company quickly acknowledged Friday that it expects to make mistakes as individuals and groups look for loopholes. Twitter is defining political content to include...

Markets Right Now: Trade hopes send stocks to records

Nov. 15, 2019 4:12 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing at all-time highs after U.S. officials said they’re making progress in the latest push for a trade agreement with China. Technology stocks were the biggest winners Friday. Applied Materials...

Supreme Court steps into Google-Oracle copyright fight

Nov. 15, 2019 3:51 PM EST

WASHINGTON (AP) — The Supreme Court said Friday it will referee a high-profile copyright dispute between technology giants Oracle and Google. Oracle says it wants nearly $9 billion from Google. The case stems from Google’s development of its hugely popular Android operating system by using...

FDA warns Dollar Tree about flagged Chinese manufacturers

Nov. 15, 2019 2:36 PM EST

WASHINGTON (AP) — Government regulators have again warned Dollar Tree’s parent company about importing drugs and cosmetics that could be tainted due to improper product testing during manufacturing. The Food and Drug Administration said that Greenbrier International also did not properly perform its...