Corporate news

FILE- In this Feb. 14, 2019, file photo this is the Ford logo on a 2019 Ford Ranger 2019 Supercrew 4x4 on display at the 2019 Pittsburgh International Auto Show in Pittsburgh. Ford says it has launched an investigation into whether a flawed mathematical model caused it to overstate gas mileage and understate pollution from a wide range of vehicles. The company says a group of employees reported possible problems with the model in September. So it has hired an outside firm to test the 2019 Ford Ranger. (AP Photo/Gene J. Puskar, File)
February 21, 2019 - 6:28 pm
DETROIT (AP) — Ford Motor Co. has launched an investigation into whether it overstated gas mileage and understated emissions from a wide range of vehicles. The company said Thursday that in September, a group of employees reported possible problems with a mathematical model used to calculate...
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FILE -- In this Feb. 20, 2019 photo a man holds a weapon of the gun maker Heckler & Koch in Berlin, Germany. The regional court in the German city of Stuttgart has convicted two former employees of gun maker Heckler & Koch over their role in delivering weapons that ended up in troubled areas of Mexico. It has fined the company 3.7 million euros ($4.2 million), the value of the proceeds. (Wolfgang Kumm/dpa via AP, file)
February 21, 2019 - 8:29 am
BERLIN (AP) — A German court on Thursday convicted two former employees of gun maker Heckler & Koch over their role in the delivery of weapons that ended up in troubled areas of Mexico, and ordered the confiscation of proceeds from the sales totaling some 3.7 million euros ($4.2 million). The...
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FILE - In this file photo dated Thursday, Oct. 23, 2008, A tugboat passes a container ship docked at APM Terminals in Elizabeth, N.J. U.S.A. APM Terminals is owned by A.P. Moller-Maersk Group of Netherlands. Shares in the world’s biggest shipping company, Denmark’s A.P. Moller-Maersk, plunged Thursday Feb. 21, 2019, after it warned of the commercial damage it would suffer from a U.S. escalation in the trade war with China. (AP Photo/Mark Lennihan, FILE)
February 21, 2019 - 5:59 am
COPENHAGEN, Denmark (AP) — Shares in the world's biggest shipping company, Denmark's A.P. Moller-Maersk, plunged Thursday after it warned of the commercial damage it would suffer from a U.S. escalation in the trade war with China. The company reported a fourth quarter loss of $34 million, from a $...
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FILE - In this Dec. 12, 2018 file photo, Michael Cohen, President Donald Trump's former lawyer, leaves federal court after his sentencing in New York. A judge has agreed to postpone the start of Cohen’s prison sentence by two months to May 6. New York Judge William Pauley signed off on the delay Wednesday, Feb. 20, 2019, after Cohen’s lawyer said he needed more time to recover from shoulder surgery. They noted prosecutors did not object to the one-time extension. (AP Photo/Craig Ruttle, File)
February 20, 2019 - 8:26 pm
NEW YORK (AP) — President Donald Trump's former lawyer and fixer Michael Cohen was granted a few more weeks of freedom Wednesday after his lawyers said he's still recovering from surgery and hasn't had time to get his affairs in order because he's preparing to testify before Congress next week. U.S...
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Former CEO of Global Wealth Management and Business Banking at UBS AG Raoul Weil leaves the Paris courthouse in Paris, France, Wednesday, Feb. 20, 2019. A Paris court has ordered Swiss bank UBS to pay 3.7 billion euros ($4.2 billion) in fines for helping wealthy French clients evade tax authorities. (AP Photo/Michel Euler)
February 20, 2019 - 10:38 am
PARIS (AP) — A French court ordered Switzerland's largest bank, UBS, to pay 4.5 billion euros ($5.1 billion) in fines and damages for helping wealthy French clients evade tax authorities, wrapping up one of France's biggest-ever tax evasion trials. The Paris court convicted Zurich-based UBS AG on...
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FILE- In this Aug. 7, 2018, file photo a CVS Pharmacy building sign rests on a Jackson, Miss., store. CVS Health topped fourth-quarter earnings forecasts, but the nation’s second-largest drugstore chain also debuted a 2019 outlook that fell far short of Wall Street expectations. The company said Wednesday, Feb. 20, 2019, that it expects adjusted earnings to range between $6.68 and $6.88 this year. FactSet says analysts expect earnings of $7.35 per share. (AP Photo/Rogelio V. Solis, File)
February 20, 2019 - 9:15 am
CVS Health beat fourth-quarter earnings forecasts, but a struggling long-term care business took another huge bite out of the company's performance and its initial 2019 forecast was weaker than expected. Shares tumbled nearly 9 percent before the opening bell Wednesday. CEO Larry Merlo said in a...
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In this photo taken in 2018 and provided by Pavel Otdelnov, A view of an abandoned industrial building of the factory "Zarya" in Dzerzhinsk, is on display at an exhibition in Moscow, Russia. Pavel Otdelnov, a Russian artist who grew up in Dzerzhinsk, the center of the nation's chemical industries 355 kilometers (220 miles) east of Moscow, focused on the city, one of the most polluted in Russia, in his new 'Promzona' art show. (Pavel Otdelnov, Photo via AP)
February 20, 2019 - 7:28 am
MOSCOW (AP) — Pavel Otdelnov recalls how as a child he saw his mother boil his parents' bedding every day. His father worked in the factories of Dzerzhinsk, the center of Soviet chemical manufacturing, and the chlorine and phosgene that yellowed the sheets seeped through protective gear into his...
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FILE - This Oct. 27, 2010, file photo shows a Boeing 737 being delivered to FlyDubai in Seattle. Budget carrier FlyDubai said Wednesday, Feb. 20, 2019, that revenues rose to $1.7 billion in 2018, but the company ended the year with a loss of $43.5 million. (AP Photo/Elaine Thompson, File)
February 20, 2019 - 4:40 am
DUBAI, United Arab Emirates (AP) — Dubai's government-owned budget carrier FlyDubai said Wednesday its revenues increased to $1.7 billion in 2018, though the airline ended the year with a loss of $43.5 million. The airline that flies out of both Dubai International Airport and Dubai World Central's...
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This Aug. 20, 1987, image made from video shows an intruder with a gun, as journalist David Horowitz is taken hostage during a live broadcast of Channel 4 Los Angeles. Horowitz remained calm and read the gunman's statements on camera, but the station had cut the broadcast without the gunman becoming aware of that fact. The gun turned out to be a toy BB gun, and Horowitz then took on the campaign to ban toy guns that look like real guns. Longtime consumer journalist David Horowitz has died at age 81, his wife told NBC4. (NBC-TV via AP)
February 20, 2019 - 1:38 am
LOS ANGELES (AP) — David Horowitz, whose "Fight Back!" syndicated program made him perhaps the best-known consumer reporter in the U.S., has died. He was 81. Horowitz had dementia and died on Thursday in Los Angeles, a family spokesman said. "Fight Back! With David Horowitz" won multiple Emmys and...
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In this image provided by the Department of Transportation, deputy transportation secretary Jeffrey Rosen is shown in his official portrait in Washington. President Donald Trump has nominated Rosen to be the next deputy attorney general. (Department of Transportation via AP)
February 19, 2019 - 11:47 pm
WASHINGTON (AP) — President Donald Trump on Tuesday said he intends to nominate Jeffrey Rosen, a longtime litigator and deputy transportation secretary, to replace Rod Rosenstein as deputy attorney general. In his current post, the 60-year-old Rosen serves as the Transportation Department's chief...
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