Corporate news

Travelers at Seattle-Tacoma International Airport wear masks Tuesday, March 3, 2020, in SeaTac, Wash. Six of the 18 Western Washington residents with the coronavirus have died as health officials rush to test more suspected cases and communities brace for spread of the disease. All confirmed cases of the virus in Washington are in Snohomish and King counties. (AP Photo/Elaine Thompson)
Associated Press
March 04, 2020 - 12:37 pm
ALTERED EXPECTATIONS: General Electric Co. General Electric believes the viral outbreak could have a negative impact of about $300 million to $500 million on its first-quarter industrial free cash flow. Operating profit for the period could be hurt by about $200 million to $300 million. GE said...
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A sign on a shelf at a QFC grocery store in Kirkland, Wash., advises shoppers Tuesday, March 3, 2020 that all hand sanitizer products are sold out. Fear of the coronavirus has led people to stock up on the germ-killing gel, leaving store shelves empty and online retailers with sky-high prices set by those trying to profit on the rush. The store is located near the Life Care Center of Kirkland, which has been tied to several cases of the COVID-19 coronavirus. (AP Photo/Ted S. Warren)
Associated Press
March 04, 2020 - 10:54 am
NEW YORK (AP) — The hand sanitizers on Amazon were overpriced. A Walmart this weekend was completely sold out. Only on his third try was Ken Smith able to find the clear gel — at a Walgreens, where three bottles of Purell were left. He bought two. “I didn’t want to hoard,” says Smith, a retired...
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FILE - This file photo combo shows the AT&T logo on the side of a corporate office in Springfield, Ill., left, and a DirecTV satellite dish atop a home in Los Angeles. AT&T is launching a new internet-delivered TV service Monday as it struggles with a shrinking DirecTV satellite business. The new service, AT&T TV, will have the same channels offered on DirecTV, but it'll come over the internet rather than a satellite dish. AT&T has been testing the service in about a dozen markets and is now making it available to anyone. (AP Photo/File)
Associated Press
March 01, 2020 - 11:07 pm
NEW YORK (AP) — AT&T is launching a new internet-delivered TV service Monday as it struggles with a shrinking DirecTV satellite business. The new service, AT&T TV, will have most of the same channels offered on DirecTV, but it'll come over the internet rather than a satellite dish. AT&T...
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FILE - In this Thursday, Aug. 31, 2017, file photo, a flame burns at the Shell Deer Park oil refinery in Deer Park, Texas. With the viral outbreak spreading to more countries, the price of oil has dropped precipitously as global demand weakens even further. That has sent shares tumbling for oil giants like Exxon and Chevron while smaller producers with idling rigs continue to slash jobs. (AP Photo/Gregory Bull, File)
Associated Press
March 01, 2020 - 10:49 pm
NEW YORK (AP) — With the viral outbreak spreading to more countries, the price of oil has dropped precipitously as global demand weakens even further. That has sent shares tumbling for oil giants like Exxon and Chevron while smaller producers with idling rigs continue to slash jobs. Hundreds of new...
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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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