Corporate News

Hurricanes, chilly summer hit sales at Unilever

Oct 19, 2017

Unilever, the consumer products giant that owns brands including Dove, Lipton and Knorr, was buffeted by bad weather in the United States and Europe in the third quarter

Swiss biotech group Roche sees 5 pct rise in 9-month sales

Oct 19, 2017

Swiss biotech company Roche says sales grew 5 percent in the first nine months of the year, crediting new product launches and citing double-digit growth in the pharmaceuticals division in the U.S. market

House, Senate intel committees receive briefing from Google

Oct 19, 2017

Tech giant Google has briefed the House and Senate intelligence committees ahead of two Nov. 1 hearings that will examine Russian efforts to influence U.S. elections through social media

States ask US court to keep up health subsidies cut by Trump

Oct 18, 2017

Nineteen top state government lawyers are asking a U.S. judge in California to force the Trump administration to make health care subsidy payments that the president abruptly cut off last week

Hurricanes help push down United's 3Q profit by one-third

Oct 18, 2017

United Airlines says 3Q profit fell by one-third as hurricanes wiped out 8,000 flights

American Express CEO Kenneth Chenault to retire next year

Oct 18, 2017

Kenneth Chenault, one of the most prominent black businessmen and long-time chairman and CEO of American Express, will retire in early 2018; led company through financial crisis and 9/11 attacks

FDA OKs 2nd gene therapy for blood cancer; 1st for adults

Oct 18, 2017

U.S. regulators approve 2nd gene therapy for blood cancer, 1st one for adults

FIFA probe: Al-Khelaifi confirms his presence in Switzerland

Oct 18, 2017

Paris Saint-Germain president Nasser Al-Khelaifi says he will go to Switzerland next Wednesday to answer questions from Swiss prosecutors investigating the suspected bribery of a top FIFA executive for World Cup broadcasting rights

Corporations to keep tax break lost by millions of Americans

Oct 18, 2017

Millions of Americans would lose a prized tax break under President Donald Trump's sweeping revamp of the tax code, but corporations would get to keep it

Romano's Macaroni Grill files for bankruptcy protection

Oct 18, 2017

The owner of Romano's Macaroni Grill filed for Chapter 11 bankruptcy protection, citing diners opting against sit-down chains