Corporate news

FILE - In this Dec. 16, 2019, file photo, Disney CEO Robert Iger arrives at the world premiere of "Star Wars: The Rise of Skywalker", in Los Angeles The Walt Disney Co. has named Bob Chapek CEO, replacing Bob Iger, effective immediately, the company announced Tuesday, Feb. 25, 2020. (Jordan Strauss/Invision/AP, FIle)
Associated Press
February 25, 2020 - 4:52 pm
NEW YORK (AP) — Disney CEO Bob Iger, who steered the company's absorption of Star Wars, Pixar, Marvel and Fox's entertainment businesses and the launch of a Netflix challenger, is stepping down immediately, the company said in a surprise announcement Tuesday. The Walt Disney Co. named as his...
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Michelle Janavs leaves federal court, Tuesday, Feb. 25, 2020, in Boston, after being sentenced to five months in prison for trying to cheat and bribe her daughters' way into college as part of a nationwide college cheating scam. (AP Photo/Elise Amendola)
Associated Press
February 25, 2020 - 4:24 pm
BOSTON (AP) — An heir to the Hot Pockets fortune was sentenced to five months in prison Tuesday for trying to cheat and bribe her daughters' way into school as part of a nationwide college admissions scam. Michelle Janavs, whose father and uncle invented the microwaveable Hot Pockets turnovers...
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FILE - In this April 18, 2016 file photo a person looks at Intuit TurboTax software on display at a retailer in Foster City, Calif. Intuit announced Monday, Feb. 24, 2020, that it is buying consumer finance company Credit Karma in a $7.1 billion cash and stock deal. (Peter Barreras/AP Images for Turbo Tax Via AP, File)
Associated Press
February 24, 2020 - 5:38 pm
Intuit is buying consumer finance company Credit Karma in a $7.1 billion cash and stock deal that will take it deeper into the financial products realm. The agreement announced Monday would bring together the maker of TurboTax, QuickBooks and other personal finance tools with one focusing on...
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FILE- In this Nov. 8, 2018, file photo model Devon Windsor walks the runway during the 2018 Victoria's Secret Fashion Show at Pier 94 in New York. Victoria's Secret's owner, L Brands, said that the private-equity firm Sycamore Brands will buy 55% of Victoria's Secret for about $525 million. Victoria's Secret will become a private company. (Photo by Evan Agostini/Invision/AP, File)
Associated Press
February 20, 2020 - 3:54 pm
NEW YORK (AP) — Victoria's Secret, which once defined sexy with its leggy supermodels in their lacy bras and oversized angel wings, has a new owner. Now, the big question is whether the once sought after but now struggling brand can be reinvented for a new generation of women demanding more...
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Democratic presidential candidate and former New York City Mayor Michael Bloomberg speaks during a campaign rally at the Buffalo Soldier Museum in Houston, Thursday, Feb. 13, 2020. Houston Mayor Sylvester Turner stands at right. (Elizabeth Conley/Houston Chronicle via AP)
Associated Press
February 18, 2020 - 8:09 pm
SACRAMENTO, Calif. (AP) — Mike Bloomberg would sell the financial data and media company he created in the 1980s — which bears his name and made him a multibillionaire — if he is elected U.S. president, a top adviser said Tuesday. Bloomberg would put Bloomberg LP into a blind trust, and the trustee...
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In this Wednesday, Feb. 12, 2020, photo, a statue stands outside the Boys Scouts of America headquarters in Irving, Texas. The Boy Scouts of America has filed for bankruptcy protection as it faces a barrage of new sex-abuse lawsuits. The filing Tuesday, Feb. 18, in Wilmington, Delaware, is an attempt to work out a potentially mammoth compensation plan for abuse victims that will allow the 110-year-old organization to carry on. (AP Photo/LM Otero)
Associated Press
February 18, 2020 - 8:21 am
Barraged by hundreds of sex-abuse lawsuits, the Boy Scouts of America filed for bankruptcy protection Tuesday in hopes of working out a potentially mammoth victim compensation plan that will allow the 110-year-old organization to carry on. The Chapter 11 filing in federal bankruptcy court in...
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A customer steps out of a Pier 1 Imports store which was having a closeout sale, Monday, Feb. 17, 2020, in Larchmont, N.Y. Home goods retailer Pier 1 Imports Inc. filed for bankruptcy protection Monday after years of sliding sales. The Fort Worth, Texas-based company, which was founded in 1962, has recently struggled with increased competition from online retailers such as Wayfair. (AP Photo/Julie Jacobson)
Associated Press
February 17, 2020 - 6:16 pm
Pier 1 Imports Inc. — the once-trendy supplier of home goods like papasan chairs and throw pillows — filed for bankruptcy protection Monday after years of sliding sales. The Fort Worth, Texas-based company has been struggling with increased competition from budget-friendly online retailers like...
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French lab scientists in hazmat gear inserting liquid in test tube manipulate potentially infected patient samples at Pasteur Institute in Paris, Thursday, Feb. 6, 2020. Scientists at the Pasteur Institute developed and shared a quick test for the new virus that is spreading worldwide, and are using genetic information about the coronavirus to develop a potential vaccine and treatments. (AP Photo/Francois Mori)
Associated Press
February 06, 2020 - 7:41 pm
WASHINGTON (AP) — The flu-like virus that exploded from China has researchers worldwide once again scrambling to find a vaccine against a surprise health threat, with no guarantee one will arrive in time. Just days after Chinese scientists shared the genetic map of the culprit coronavirus,...
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People wearing face masks walk past a fashion shop in Hong Kong, Thursday, Feb. 6, 2020. Ten more people were sickened with a new virus aboard one of two quarantined cruise ships with some 5,400 passengers and crew aboard, health officials in Japan said Thursday, as China reported 73 more deaths and announced that the first group of patients were expected to start taking a new antiviral drug. (AP Photo/Vincent Yu)
Associated Press
February 06, 2020 - 12:03 pm
BEIJING (AP) — Airlines are extending their suspension of flights to mainland China, while more retailers are putting an estimate on the economic damage they expect to incur from the virus outbreak in China. Here is a look at the latest developments on how the virus is affecting global business:...
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FILE - In this Aug. 8, 2017, file photo, The Walt Disney Co. logo appears on a screen above the floor of the New York Stock Exchange. The Walt Disney Co. said Tuesday, Feb. 4, 2020, that profit fell 23% in its latest quarter to $2.13 billion as it absorbed losses, and a big revenue boost, from its new streaming service, Disney Plus. (AP Photo/Richard Drew, File)
Associated Press
February 04, 2020 - 4:23 pm
NEW YORK (AP) — Disney said its Disney Plus streaming service reached nearly 29 million paid subscribers in less than three months, an impressive start for what the company has positioned as its future as more people drop cable subscriptions. But as expected, starting up a new service comes with...
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